A slump in demand would weigh more heavily on the storage industry than a temporary production shutdown and IHS Markit analysts say that is where the risk lies, rather than with a temporary shortage of battery cells. A similar prediction has been made for the PV market.
Tesla’s Nevada operation is still open for business, though. The EV and battery maker has assured the market its cash position is strong enough to weather an “extended period of uncertainty”.
The Canadian battery manufacturer has announced an investment from Japanese Itochu Corporation and got closer to integrating Moixa GridShare AI with its Evolve batteries.
Many solar factories in China are starting to resume production, suggesting that concerns about supplies of PV components could soon begin to ease. Nevertheless, the temporary standstill will have an impact on the global solar market, as the implementation of some projects will probably be postponed until next year.
With three models of 500 W solar panels officially unveiled, here’s a look at what it means for the future of project development and the solar industry at large.
Global battery brand Energizer’s entry into the residential solar energy storage market is being facilitated by two Australian companies, including Evergen, whose optimisation tech was developed by the CSIRO.
As the outbreak takes its toll on solar panel and battery manufacturing in China, Australia is bracing for disruptions in the supply chains.
WoodMac analysts say the amount of new battery manufacturing capacity added in the nation this year could fall by as much as 10% because of the outbreak. With Tesla’s Shanghai gigafactory affected by the extended new-year-holiday shutdown, the analyst warned of potential supply shortages for Australia and the U.S. and U.K.
The internet’s favorite energy company installed 530 megawatt-hours of battery storage in Q4, beating out the previous record, set last quarter, as well as showing continued improvement in solar installations.
Unnamed Queensland and Victoria solar businesses have been ordered to pay hefty fines, after being caught misclassifying solar mounting kits imported from China. Earlier this year, the Australian Border Force announced it was tightening screws on the dumping of aluminium extrusions, mostly used to mount solar panels.
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