TodayEco.com

11 Jul '12, 11am

Korean solar power supplier Hanwha teams up with US energy storage firm: Korean solar photovoltaic (PV) supplier...

The two companies plan to offer a complete solar power and energy storage system for the residential, commercial and industrial markets, with the first bundled product expected to be available market by September. “Energy storage is an essential key to unlocking the full potential of renewable energy,” said Charles Kim, president of Hanwha SolarOne . “It enables a smarter energy grid and achieves reliability and value for a solar system” The solar firm’s parent company, Hanwha Group , led Silent Power’s Series B funding round with an $8 million investment. “The investment in Silent Power is an aggressive move into an important market downstream and lays the foundation for a robust partnership,” Hanwha said. The partnership will feature a co-marketing strategy for bundling Hanwha SolarOne’s PV panels with Silent Power’s distributed energy storage device , the OnDemand Energ...

Full article: http://www.renewableenergyfocus.com/view/26911/korean-sol...

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