Samsung SDI and PV inverter manufacturer, Sungrow Power Supply are to team on building and operating a lithium-ion battery energy storage plant in China and the supply of energy storage systems in the country.

The JV was said to fit both companies' strategies to offer energy storage solutions for power plants in China.

Initial investment in the Samsung SDI-Sungrow Energy Storage Battery Co joint venture was said to be around US$20 million, with Sungrow contributing around US$6.4 million in cash to the project. Operations were said to be scheduled to start in 2015.

A second operation, Sungrow-Samsung SDI Energy Storage Power Supply Co would also be established for the sales and distribution side of the JV.

“We will prepare gradually and step up efforts to become one of the leading ESS companies in China, which is expected to grow rapidly in the near future,” said Samsung SDI CEO Park Sang-jin.

The Landscape for PV Technology in 2022

26 January 2022

Join this free webinar for our analysis of the growth of N-Type technology including; new capacity expansions and production output. We'll also be looking at the global manufacturing footprint with forecasts on how much product will be made outside of China this year and which companies are driving technology change across the crystalline silicon value chain.

Energy Storage Summit 2022

23 February 2022

Held annually since 2016, the Energy Storage Summit Europe is the place to be for senior stakeholders in the European storage industry. Designed to accelerate deployment of storage, we examine evolving chemistries, business models, project design, revenue stacks and use cases for storage. The 2022 edition will include exclusive content around longer duration solutions, energy strategies for wide-scale deployment of EVs and "EnTech", the event which sits at the intersection of digitisation, decentralisation and decarbonation of the power system. Come to meet TSOs, DSOs, Utilities, Developers, Investors and Lenders and leave with new contacts, partners and a wealth of information.

Intersolar Middle East

7 March 2022

Take your chance to join the most powerful platform in the MENA region. Middle East Energy (MEE), Intersolar, and ees, the leading energy exhibitions are joining hands to co-deliver an outstanding renewables and energy storage event at Middle East Energy 2021. Renewables and energy storage at MEE is the largest gathering of solar and renewable energy industry professionals in the Middle East & Africa, offering the most effective trade focused platform to international manufacturers and distributors looking to meet regional buyers.

Solar Finance & Investment Europe

8 March 2022

As Solar Finance & Investment enters its ninth year, we sit on the cusp of a new power market with solar at its heart. The 2022 edition of the event will build on our years of expertise and relationships to bring investors and lenders together with top developers. Connect with leaders in the field and use exclusive insights to drive investment and development decisions for the future. Meet new and existing project partners at the largest gathering of European solar investors and lenders.

Energy Storage Summit USA

23 March 2022

When it comes to storage, the US market exceeded a gigawatt of advanced energy storage installations (weighted towards lithium ion) at 1.46 GW, more than the previous six years in total! An exponential growth rate could see the market hit 7.5 GW p.a. by 2025. The summit will provide a wealth of content around this vital piece in the US power puzzle, with sessions dedicated to explore how companies are making money from batteries, the latest chemistries and their applications as they apply to different use-cases. We ask how investors can match ESG criteria to batteries and we will bring case studies of successful deployment and project execution onto the stage to examine how you can ensure your own projects are successful.

Large Scale Solar Europe 2022

29 March 2022

Now in its 10th sell-out year, Large Scale Solar returns to Lisbon in 2022. We are excited to gather together face-to-face with the European solar industry as we provide unique and exclusive access to a powerful selection of the market's key stakeholders. Join this elite summit to find out how the market is maturing, which new markets are becoming more exciting, how technology is evolving and who's driving the market forward into the 2020s. Always senior, packed with developers, EPCs, utilities and investors this is the event for companies serious about European solar PV.

Amp Energy closes US$350m credit facility to chase renewables, energy storage pipeline

January 21, 2022

Toronto-based renewables developer Amp Energy has closed on a US$350 million credit facility to advance on a global portfolio of renewables and battery energy storage assets.

India could be at risk of supply and demand mismatch for solar equipment, Fitch warns

January 21, 2022

India is at risk of a supply and demand mismatch for solar equipment if domestic PV manufacturers are unable to meet the quantity and quality required by project developers, Fitch Solutions has warned.

European Commission launches consultation ahead of solar strategy reveal

January 21, 2022

The European Commission has launched a public consultation on solar energy on the continent as it continues preparations to publish its solar strategy later this year.

SunPower hit by US$31 million cracking issue, warns of further drags on Q4 results

January 21, 2022

US solar installer SunPower is to be hit by a cracking issue discovered in connectors associated with equipment installed in some commercial and industrial (C&I) projects, resulting in charges of around US$31 million.

PV Tech Premium

Greek solar market ‘about to take off’

January 21, 2022

Greece is on track to accelerate solar deployment in the coming years, with the sector boosted by rising demand for renewable offtake agreements from corporations and clean energy policies from the EU, according to the general manager of Greek industrial group Mytilineos’s renewables business.

Mississippi updates PV net metering rules in boost for low-income households

January 20, 2022

Mississippi authorities have expanded the state’s net metering programme to improve total compensation rates for solar customers and prioritise the adoption of distributed PV for low- to moderate-income (LMI) households.

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SunPower hit by US$31 million cracking issue, warns of further drags on Q4 results

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