Power & Energy Solutions

The premier renewable energy publication

 Thanks to these new contracts, Ingeteam totals nearly 800 MW of PV inverters supplied to Mexico  Ingeteam maintains 49% of the Mexican solar plants  From the 21st to the 24th of May Ingeteam is to exhibit at MIREC WEEK, Mexico’s main renewable energy trade show Ingeteam, a leading company in the design of power and control electronics, electric machines and electrical engineering, has recently signed a number of contracts for the supply of photovoltaic plants to Mexico, a country in which the company has a considerable market share in the wind and solar power sectors, and in the provision of operation and maintenance services for energy generation plants. The company, which has been present in this country since 1998, is to supply 555MW of solar PV inverters, mostly directed at large solar plants, although part of the supply is for commercial plants based on string inverters. Most of the supply corresponds to the Skid series for Ingeteam's Inverter Station, comprising a metal platform or skid holding all the low and medium voltage devices required (LV/MV transformer, MV cells, LV switchgear and auxiliary services transformer), in addition to the central inverters pertaining to the INGECON SUN PowerMax B series. This equipment has a

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As part of the optimisation programme regarding the Thun manufacturing site and the company’s product portfolio which was communicated on 2 November 2017, Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today that it will transfer its Solar Systems business (“Energy Systems”) and the 32 impacted employees to 3S Solar Plus AG, a company which will be newly created and which has been sold to Dr Patrick Hofer-Noser. In the past few months Meyer Burger had evaluated various strategic options for the business which mainly addresses the Swiss market with its MegaSlate® products. The sale will result in a loss for Meyer Burger in the low single-digit million range including a goodwill recycling of around CHF 1 million. Completion of the contract which has been signed with Dr Patrick Hofer-Noser is subject to standard closing conditions and expected to be completed in the first half of 2018. Both parties have agreed to maintain confidentiality regarding the transaction price. Hans Brändle, CEO of Meyer Burger: “By selling the Solar Systems unit to Patrick Hofer-Noser, we have found an industrial and especially also local solution for the MegaSlate® business and the employees.” Patrick Hofer-Noser is a long-time, internationally respected specialist in the solar

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ACCIONA’s energy storage plant in Barasoain (Spain) is the first in the world to undergo comprehensive system-level certification DNV GL certificate demonstrates the safety, performance and reliability of the grid-scale energy storage system Certification was carried out in line with the GRIDSTOR Recommended Practice 9th May 2018. ACCIONA Energia, the biggest global operator exclusively in renewable energies, today received the first ever prototype certificate for a grid-scale energy storage solution by DNV GL, the world’s largest resource of independent energy experts and certification body. The handover of the certificate took place at the American Wind Energy Association’s 2018 Windpower Conference in Chicago. To explore the possibilities of grid-scale storage, ACCIONA Energia started up a hybrid plant for storing electricity in batteries as part of its grid-connected wind farm at Barasoain in Navarra, northern Spain. The plant in Barásoain is equipped with a storage system that consists of two batteries located in separate containers: one fast-response battery of 1 MW/0.39 MWh (capable of maintaining 1 MW of power for 20 minutes) and another slower-response battery with greater autonomy (0.7 MW/0.7 MWh, maintaining 0.7 MW for 1 hour). Both have Samsung SDI Li-ion technology connected to a 3-MW AW116/300 wind turbine of ACCIONA

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FREMONT, Calif. — May 9, 2018. SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in PV inverters, power optimizers, and module-level monitoring services, today announced its financial results for the first quarter ended March 31, 2018. First Quarter 2018 Highlights  •    Total revenues of $209.9 million •    GAAP gross margin of 37.9% •    GAAP net diluted EPS of $0.75 •    Non-GAAP net diluted EPS of $0.87 •    800 Megawatts (AC) of inverters shipped “We are pleased to announce strong first quarter results with record revenues and record profitability, despite the traditional seasonal slowdown and continued industry wide components shortages,” said Guy Sella, Founder, Chairman and CEO of SolarEdge. “Our continued technological innovation and operational excellence, coupled with our introduction of new products and financial strength positions us for further growth and industry leadership.” First Quarter 2018 Summary  The Company reported record revenues of $209.9 million, up 11% from $189.3 million in the prior quarter and up 82% from $115.1 million year over year. GAAP gross margin reached 37.9%, up from 37.5%, in the prior quarter and up from 33.6% year over year. GAAP operating expenses was $38.8 million, up 7% from $36.4 million in the prior quarter and up 45% from $26.7 million year over year. GAAP operating income was $40.8 million,

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Significant investments in new products and expanded services will help customers raise solar cell performance and production processes to championship-level efficiency. SHANGHAI, China- May 9, 2018- Heraeus Photovoltaics, a leading technology solution provider for the renewable energy industry, will present an expanded portfolio of solar cell technologies and solutions at the 2018 SNEC International Photovoltaic Power Generation and Smart Energy Exhibition & Conference (Booth W3-510), taking place May 27-30 at the Shanghai New International Expo Center. The company’s new strategic focus represents a significant expansion to support the PV industry value chain. The long-time world leader in silver metallization paste, Heraeus Photovoltaics will unveil an expanded portfolio of silver metallization pastes, products and technical services to help PV customers succeed in the fast-moving solar and renewable energy markets. Andreas Liebheit, President of Heraeus Photovoltaics, stated: “We are expanding our expertise beyond paste. Our goal is to give customers a strong platform of integrated technologies, products and experts to help them get the most out of cell performance and their production processes.” The company’s expanded focus at SNEC 2018 is a continuation of its holistic approach that began last year. Significant investments in staffing, product development and new services were made to provide more

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Photon Energy published its financial results for 2018Q1, posting 33.3% revenue growth and a EUR 1.89 million net profit on the back of the Canadian Solar transaction. The repayment of the company’s corporate bond, the expansion of the Hungarian project pipeline to 25.6 MWp and the grid connection of the first PV plant in Hungary set the stage for a profitable 2018. Amsterdam, 9 May 2018 – Photon Energy NV (PEN) released its report for 2018Q1, announcing a 33,3% YOY revenue increase and a net profit of EUR 1.89 million in the seasonally weakest quarter of the year. The opening quarter was marked by the signing of a co-development financing agreement with Canadian Solar relating to five utility-scale solar projects in Australia with a planned installed capacity of 1.14 GWp, the expansion of its Hungarian project pipeline to 25.6 MWp, the commissioning of the company’s first PV power plant in Hungary and the repayment of the company’s corporate EUR bond 2013/18. Based on Photon Energy’s successful project development effort in Australia with the largest utility-scale solar project pipeline in the country and the continued expansion in Hungary, the company’s management is confident in continuing revenue and profitability growth in the quarters and

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Isotrol consolidates its international leadership position in the clean energy market with the launch of Bluence, the new brand that the technology firm will use to market its product in this sector. The company has announced this launch in conjunction with the 2018 Wind Power tradeshow, event organized by the American Wind Energy Association that brings together investment funds, experts and technicians from the wind energy sector from May 7-10th in Chicago, Illinois, USA. According to Beltran Calvo, CEO of Isotrol “it is the moment to launch Bluence, a brand capable of representing the dimension and degree of specialization that the firm has reached in this sector”. Isotrol was founded in 1984, and, after its 34 years of experience, it has become one of the leading international players in the monitoring and control field of renewable energies. Currently, Isotrol’s systems are present in 35 countries, more than 1.500 power plants and control centers, that are currently used in the operation of 25 GW of electrical power worldwide. The new identity will carry the legacy that has propelled the technology firm to its current position. Beltran Calvo insists that the new brand will continue to use Isotrol’s decades of experience in

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As the solar market shifts towards new cost-effective platforms to maximize ROI and reduce CAPEX and OPEX costs, ABB Solar will be showcasing its highly-charged portfolio of inverter and storage solutions at this year’s Intersolar on 20-22 June in Munich, stand 210 Hall B2. Drawing on its 40-year heritage and its expansive global knowledge, ABB Solar will deliver a series of sun-to-socket innovations which bring together digitalization, scalability and efficiency. These new solutions provide the most comprehensive range of Solar products for power generation and building applications, along side future-proof solutions for solar and energy storage in residential sectors. The pioneering PVS string inverter range will take centre stage as it delivers a six-in-one, high voltage solution for both large-scale commercial and industrial ground mounted and rooftop applications. As part of its commitment to design products and solutions which bring down the whole system costs for solar installations, ABB will also launch to the market its 1500VDC high power string inverter with the highest power rating in this class. In line with market trends which are moving towards higher voltages and higher power classes / ratings, the PVS series enables installers to take advantage of greater performance efficiencies, scalability, flexibility,

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On the market for a year now, HOPPECKE's high-performance large hybrid storage system has been given a new name that precisely describes its unique advantages. The sun|systemizer scalecube has a modular structure and can therefore be configured individually for every customer requirement. Not only is the storage capacity scalable, also the lead and lithium storage technologies can be precisely combined. The container solution avoids high construction costs, brings flexibility and offers a unique security concept. "With the new name scalecube, we want to emphasize even more how flexible we design the large scale storage system. We have the right shoe for every foot, so to speak. This makes our solution interesting for a wide variety of applications. It stabilizes our power grid, but is also used in industrial plants to buffer peak consumption, resulting in considerable investment savings. In addition, the field of application of renewable energy, including climate-neutral electric mobility, is becoming increasingly important," says Frederik Süllwald, International Key Account Manager Battery Energy Storage Systems (BESS) at HOPPECKE. In addition to the first large-scale hybrid storage system built as a model and reference project directly on the HOPPECKE site in Brilon, further storage systems have already been built all over the

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The solution supports a new model of energy generation HERZELYA PITUACH, ISRAEL — May 3, 2018 —SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy, is launching an innovative solution for grid services and virtual power plants, to support a shared energy economy. SolarEdge’s grid services offer aggregative control and data reporting enabling the pooling of PV and storage in the cloud for the creation of virtual power plants. Offering benefits to all stakeholders, the solution will provide utilities with the tools to leverage distributed energy generation systems to more efficiently meet demand. Energy retailers will enjoy protection from price peaks and PV system owners can increase their revenue from joining this new energy economy. With the increasing proliferation of PV and storage around the world, the energy production industry is transitioning from a centralized system to a distributed network in which energy is produced closer to the location it is stored and consumed. This provides PV and storage system owners with a new revenue stream opportunity by selling their self-produced and stored energy. However, the new complex network of distributed generation requires sophisticated management platforms to provide real-time, aggregated control of the demand and supply of energy. “With the

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