PV inverter manufacturer KACO new energy is changing its business focus to include only string inverters and energy storage products, after its acquisition of Energy Depot, selling its central inverter business subsidiary in South Korea to OCI Power. Financial details were not disclosed.
PV inverter manufacturer KACO new energy said it has secured orders totalling 550MW in the third quarter of 2017 with cumulative sales so far in 2017 of around 1.95GW, marking orders almost 70% the prior year period.
This week's Movers & Shakers includes a celebration of clean energy with the #CleanEnergyJobs campaign revealing that the industry employs over 3 million Americans to date. The segment also includes NRG and ABB appointing new board members, Germany's KACO expanding into Asian markets and the SEIA hiring Dana Sleeper as its new head of external affairs.
In this week's Movers & Shakers, PV Tech reports mostly on good news, with new appointments in sales, public policy, asset management and business development. However, Texas' Mission Solar Energy has announced its second wave of big job cuts - this time slashing 170 jobs as the company realigns its objectives to purely module assembly.
KACO new energy is launching the blueplanet gridsave 1000 TL3: a storage solution in the megawatt-class. The unit assists utility companies, distribution grid operators, EPCs and large companies to balance energy generation and consumption on the power grid.