This week's Movers & Shakers segment features executive shuffles in energy storage companies and an O&M firm, while examining a new merger between Spain's Gamesa and Siemens Wind Power. Spain's Renewable Energy Association elects a new president for the next four years, and Jon Wellinghoff exits SolarCity amid the US$2 billion Tesla acquisition.
Shares of residential solar company Sunrun fell nearly 10% in trading yesterday after news broke of the investigation by the US Securities and Exchange Commission (SEC) on whether the company adequately disclosed how many customers had cancelled contracts.
Major Japanese electronics company Panasonic has increased its ‘HIT’ (Heterojunction with Intrinsic Thin layer) solar module product warranty from 15 years to 25 years and applies to all HIT modules installed from 2017.
Panasonic’s solar manufacturing deal with Tesla at the former SolarCity 1GW solar cell and module assembly plant at RiverBend, Buffalo, New York State, which was recently renamed Gigafactory 2 by Tesla is to be ramped to its 1GW nameplate capacity exclusively by Panasonic in 2019.
Major Japanese electronics company Panasonic has said it would establish a new entity as part of the agreement with Tesla to produce HIT (Heterojunction with Intrinsic Thin layer) solar cells and modules at the Tesla/SolarCity/Silevo/Panasonic 1GW Buffalo fab in New York State.
The lack of information in a joint press release from Tesla and Panasonic, confirming a solar cell manufacturing partnership at the SolarCity/Silevo 1GW Buffalo fab in New York State was not a surprise, especially considering it merely rubber stamped an MOU previously announced that was only subject to the successful acquisition by Tesla of SolarCity.
Nanoelectronics research centre imec said that copper-based solar cells have reached the same reliability standards as traditional silver-based solar cells in recently completed rapid-cycle testing of a limited number of specially prepared modules.
The soon-to-be-merged Tesla and SolarCity have completed a solar-plus-storage microgrid on an island in American Samoa that will reduce the local population’s reliance on costly and cumbersome diesel imports.
The markets can be a frustrating place for the solar industry. Just ask Elon Musk. The negative perception of the SolarCity/Tesla merger often signals a lack of awareness of how far solar, energy storage and EVs have come.