Renewable energy is indeed the future, according to Bloomberg New Energy Finance’s latest report, which forecasts technologies such as wind and solar to “dominate” the future of electricity by 2040, making up 48% of the world’s installed capacity and 34% of electricity generation.
News in Brief: Governor Sandoval will give Nevada's rooftop solar industry the rubber stamp today, Amazon completes another rooftop installation at a national fulfilment centre and Cuomo's school solar initiative completes its first rooftop project.
Following on from the successful year for solar that was 2016, the US market added 2,044MW of new capacity in Q1 2017 alone. As installations grow, prices continue to fall to new lows and utility-scale system prices dropped below US$1/Watt for the first time according to GTM Research.
Huawei Technologies is launching its first smart inverter solution to the global residential solar photovoltaic (PV) market. The ‘FusionHome Smart Energy Solution’ is designed from the bottom-up to be a ‘one-4-all’ (one inverter SKU for all) residential application scenarios that offers a number of key capabilities for future residential home needs such as power optimization, energy storage and smart home integration in a simplified plug & play configuration.
Leading solar PV inverter manufacturer Huawei has unveiled at Intersolar Europe 2017 the ‘Huawei FusionHome Smart Energy Solution’ for the European residential market, its first smart PV hardware and intelligent monitoring software designed for the smart home of the future.
Despite the major exhibition having a European tag, Intersolar Europe remains one of the most ‘international’ solar trade shows on the event calendar. As a result, new products launched at this show predominantly reflect trends and developments across multiple markets. On the first day of the exhibition, several new products stand-out for attention. More Day 1 updates are to follow.
News in Brief: SunPower collaborates with Michigan's largest utility for a residential pilot programme, UOSSM's Syria Solar Initiative completes a 127kWp solar system to provide electricity to hospitals, an Australian aboriginal community starts construction on a solar-diesel hybrid project backed by ARENA and Utah's Legend Solar acquires Aspire Energy.
Reports surfaced on Monday of former managers at one of the largest US solar companies Sunrun claiming that they manipulated key sales data around the time of the company’s 2015 initial public offering (IPO).