SPONSORED: To date, the electric vehicle and the PV energy markets have existed independently of each other. By combining EV charging with PV energy, both industries are able to benefit and can potentially hasten the adoption of each technology, writes Lior Handelsman.
The downstream solar PV market continues to evolve and as such so does the inverter. At Solar Power International 2017 in Las Vegas the continued roll-out of new products continues as the markets expand for energy storage and larger capacity commercial and residential rooftop systems.
PV inverter manufacturer SolarEdge Technologies has reported another quarter of record revenue and shipments on strong demand from key markets such as the US and Europe. The company also guided revenue much higher for the third quarter of 2017.
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.
PV inverter manufacturers SMA Solar, SolarEdge and Enphase have all recently reported first quarter 2017 financial results. As already highlighted by PV Tech, US residential PV installers have reported softer than normal sales in the quarter and dependence on the US market for SMA Solar and Enphase, coupled to continued pricing pressure took a toll on revenues.
PV inverter manufacturer SolarEdge Technologies reported fourth quarter and full-year 2016 results that were impacted by a slowdown in the US residential market in the second-half of the year. European and Asia markets helped revenue grow 15% in 2016.
PV inverter manufacturer SolarEdge Technologies reported lower third quarter revenue and guided further revenue declines through the end of the year on weak US residential market and continued ASP pressure in the highly competitive inverter market.
US-based solar PV installer Sunworks said it had selected SolarEdge Technologies has its preferred inverter supplier on the back of expected residential market growth in the fourth quarter of 2016 onwards.