PV project developer Solar Power Inc (SPI) has closed a Securities Purchase Agreement (SPA) with energy management firm ZBB Energy Corporation.
SPI also has a supply agreement and a governance agreement with ZBB.
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Xiaofeng Peng, chairman of SPI, said that using energy storage technology combined with solar energy solutions will be a key driver of PV system expansion worldwide in the coming years.
He added: “This strategic partnership with energy storage systems leader ZBB positions SPI to address a range of next generation PV system requirements from energy storage solutions to power efficiency management.”
