Sales revenue declined at the start of the year despite steady inverter shipments. The reverse was mainly due to sluggish project business and SMA is predicting significant increases in sales and earnings in the second half.

The German inverter producer’s sales also fell significantly in the past financial year. With its cost reduction program, SMA is now eager to orchestrate a turnaround, but its first-quarter guidance still shows a sustained downward trend.

The Korean solar manufacturer has lodged a patent infringement lawsuit against Jinko and REC in Germany, and two more against the same companies plus Longi in the U.S. Hanwha Q Cells claims its three rivals have used its patented solar cell passivation technology to increase the performance of their products.

After announcing its entry into residential storage a week ago, the Munich-based multinational has now unveiled a plan to acquire inverter manufacturer Kaco. Siemens has not provided details about the value of the transaction.

In May 2018, oil giant Shell invested in German manufacturer Sonnen. Now the 112-year-old company wants to fully acquire the business, subject to Germany’s monopoly authorities. Sonnen said it hopes the deal will accelerate its growth by expanding its market reach and capacity.

PV demand grew 68% year-on-year from the level seen in 2017 as Germany’s cumulative installed solar generation capacity reached 45.92 GW.

According to the Taiwanese analysts, JA Solar was number two, followed by Hanwha Q-Cells and Trina Solar in joint third. The ten largest module makers met around 70% of demand, with 66 GW of shipments.

At an energy storage fair in Dusseldorf, researchers will present a ceramic high-temperature battery. Storage costs using sodium-nickel-chloride battery cells are said to be 50% lower than those of lithium-ion.

The German car giant has created Elli, a subsidiary that will provide green power and charging solutions for the EV sector. Volkswagen – still haunted by the diesel emissions scandal – says it wants to make mobility sustainable.

The EV and battery maker wants to start production of its Model 3 for the Chinese market by the end of the year. Next year, according to high-profile CEO Elon Musk, mass production of electric cars will start there, and this is expected to include their batteries as well.