What to see at Panasonic’s booth at Solar Power Northeast in Boston, Feb 5-6

Panasonic solar solutions

Are you headed to Boston for Solar Power Northeast next week? Panasonic Eco Solutions North America is and will be showcasing its high performance HIT solar panels and energy storage products at booth 208.

The HIT solar panel products that will be on display include the all-black 40 mm N320K panels that feature an industry-leading temperature coefficient of -0.258%. The Panasonic booth will also be fitted with the high-efficiency 40 mm N330 and N325 solar panels that offer 19.7% higher power output and greater energy yields, as well as a lower 0.26% annual degradation when compared to conventional panels.

The Harbor Plus smart battery, co-developed by Panasonic and Pika Energy, will also be available for viewing in the booth. The Harbor Plus is a scalable and flexible smart battery unit that offers between 10.6 kWh and 15.9 kWh of usable energy, making it simple for system owners to accommodate their changing energy needs. Alongside the Harbor Plus battery will be Panasonic’s lithium-ion rechargeable battery that can be used across a wide range of portable electronic applications.

Representing Panasonic at Solar Power Northeast will be Mukesh Sethi, Group Manager for the Solar and Energy Storage Products Division of Panasonic Eco Solutions North America, and Chris Brown, Business Development and Sales Manager. Mukesh and Chris will be available to discuss the current lineup of Panasonic products, as well as what the company has in store for 2018.

— Solar Builder magazine

Mercom: Battery storage, smart grid, efficiency companies see increased funding in 2017

In 2017, a combined $1.5 billion was raised by battery storage, smart grid, and energy efficiency companies (an increase from the $1.3 billion raised in 2016), says a new report from Mercom Capital Group LLC on the funding and merger and acquisition (M&A) activity for those sectors.

Battery Storage, Smart Grid, and Energy Efficiency VC Funding 2016-2017

Head here for a copy of the report.

Battery Storage

In 2017, VC funding into Battery Storage companies almost doubled to $714 million raised in 30 deals from the $365 million raised in 38 deals in 2016, largely due to the $400 million Microvast deal. Total corporate funding, including debt and public market financing, rose to $890 million compared to $540 million in 2016.

Energy Storage Downstream companies received the most funding with $68 million followed by Lithium-based Battery companies with $65 million.

The top VC funded companies included: Microvast Power Systems with $400 million, Battery Energy Storage Solutions (BESS) with $66 million, Forsee Power brought in $65 million, Advanced Microgrid Solutions (AMS) raised $34 million, and Primus Power raised $32 million.

Battery Storage Top 5 VC Funded Companies in 2017(1)

Eighty-six VC investors participated in Battery Storage deals in 2017 compared to 62 in 2016.

In 2017, announced debt and public market financing for Battery Storage companies remained steady at $177 million raised in 12 deals compared to $175 million generated by eight deals in 2016.

Three project funds totaling $446 million were announced in the Battery Storage category in 2017, compared to $820 million raised in 2016 in seven deals.

Nine Battery Storage project funding deals were announced in 2017 totaling nearly $2.1 billion. By comparison, just $33 million was raised in four deals in 2016.

There were six M&A transactions in the Battery Storage category in 2017, of which only two disclosed transaction amounts. In 2016 there were 11 M&A transactions, three of which disclosed transaction amounts.

Podcast: How to sell solar in the Midwest with Inovateus Solar President TJ Kanczuzewski

Smart Grid

VC funding in the Smart Grid sector rose to $422 million in 45 deals in 2017, compared to $389 million raised in 42 deals in 2016. Total corporate funding, including debt and public market financing, came to $1.2 billion compared to $613 million in 2016.

The top VC funded companies in 2017 were ChargePoint, which brought in $82 million and $43 million in two separate deals, Actility which received $75 million, Brilliant which secured $21 million, and Particle and Urjanet each raising $20 million.

Eighty-eight investors funded Smart Grid companies in 2017, compared to 82 in 2016. Top VC investors in 2017 included: ABB Technology Ventures, Braemar Energy Ventures, Chrysalix Venture Capital, Clean Energy Finance Corporation, Energy Impact Partners, EnerTech Capital, GE Ventures, innogy, National Grid, Obvious Ventures, and Siemens.

Smart Charging of plug-in hybrid electric vehicle (PHEV) and vehicle-to-grid (V2G) companies had the largest share of VC funding in 2017 with $155 million in 10 deals, followed by Demand Response companies with $94 million in four deals.

In 2017, five debt and public market financing deals totaling $774 million were announced, compared to $224 million raised in five deals in 2016. There were no IPOs announced for Smart Grid companies in 2017.

There were 27 M&A transactions recorded in the Smart Grid sector (just seven of these deals disclosed transaction amounts) in 2017 totaling $2.5 billion. In 2016 there were 15 transactions (four disclosed) for $2.4 billion. The top disclosed transaction was the $1.1 billion acquisition of Aclara by Hubbell.

Efficiency

VC funding for the Energy Efficiency sector fell to $384 million in 38 deals in 2017 compared to $528 million in 33 deals in 2016. Total corporate funding, including debt and public market financing, was $3.3 billion, compared to $3.8 billion in 2016.

The top VC funded companies were View, which raised $100 million, followed by Kinestral Technologies with $65 million, RENEW Energy Partners with $40 million, Power Survey and Equipment brought in $24 million, and Stack Lighting with $16 million.

Efficient Home/Building companies captured the most funding with $172 million in five deals in 2017. A total of 51 investors participated in funding deals in 2017 compared to 72 investors in 2016. Energy Impact Partners was the most active investor in 2017.

In 2017, debt and public market financing announced by Energy Efficiency companies fell to $2.9 billion in 16 deals compared to the $3.2 billion raised in 16 deals in 2016. 2017 saw seven Property Accessed Clean Energy (PACE) financing deals bring in more than $1.6 billion compared to 12 deals that brought in $2.3 billion in 2016.

There were two securitization deals in 2017 for nearly $581 million compared to nine securitization deals for $1.8 billion in 2016. Securitization deals have now exceeded $4.5 billion in 24 deals since 2014.
M&A activity for the Efficiency sector in 2017 dropped to 10 transactions, three of which disclosed transaction amounts. In 2016, there were 14 M&A transactions with five that disclosed transaction amounts.

The largest disclosed transaction was the $526 million acquisition of LEDvance by a Chinese consortium consisting of IDG Capital, MLS, and Yiwu.

— Solar Builder magazine

JLM Energy is going with Ideal Power for power converters in 750-kW purchase order

JLM Energy Phazr MicroStorage

JLM Energy’s Phazr MicroStorage mounts easily on solar racking and plugs into the microinverter and solar panel with MC4 connectors, virtually eliminating design and installation costs. Phazr comes in 7 sizes to pair directly with the solar panel wattage. Two Phazr’s can go behind each panel for up to 5 hours energy storage. Phazr has no single point of failure and provides the lowest total cost of ownership for energy storage on the market today. Works for Residential & Commercial applications. (PRNewsfoto/JLM Energy)

JLM Energy is big into commercial and industrial (C&I) energy storage systems for ‘behind the meter’ peak shaving solutions in the California market. The company just announced it will be incorporating Ideal Power Inc‘s 30-kW Stabiliti power conversion technology as part of a $750,000 purchase order.

The latest JLM purchase order is for 25 30-kW dual-port Stabiliti series power conversion systems, to primarily provide ‘behind the meter’ peak shaving solutions to California manufacturing and industrial companies. The units are currently scheduled for delivery in March 2018.

JLM Energy’s primary customers are companies that operate printing, food processing, metal fabrication and finishing, plastic and foil converting and coating businesses where manufacturing equipment and processes often require large surges in electrical power. JLM’s Gridz commercial energy storage systems effectively provide the necessary peak surges without drawing electricity demand from the grid and electric utility, reducing electrical demand charges and utility expenses considerably.

JLM Energy’s solar+storage now automated with Hawaii tariff data to manage usage

“The supply partnership with Ideal Power expands fulfillment capacity and improves support of a growing fleet of JLM’s commercial energy management and microgrid systems, including our Gridz and Measurz offerings,” said Bob Montano, vice president of operations for JLM Energy. “We’re a technology-driven, customer focused com-pany, and we’re excited to continue working with Ideal Power to optimize energy use and maximize savings through safe and reliable solutions for our customers.”

“We are thrilled to provide JLM Energy with our latest power conversion technology to enable cost effective, flexible and efficient systems,” said Ideal Power CEO Dan Brdar. “We’re confident that Ideal Power’s UL 1741 SA certified 30 kW Stabiliti series products can help serve JLM’s pipeline of commercial storage projects.”

— Solar Builder magazine

JLM Energy is going with Ideal Power for power converters in 750-kW purchase order

JLM Energy Phazr MicroStorage

JLM Energy’s Phazr MicroStorage mounts easily on solar racking and plugs into the microinverter and solar panel with MC4 connectors, virtually eliminating design and installation costs. Phazr comes in 7 sizes to pair directly with the solar panel wattage. Two Phazr’s can go behind each panel for up to 5 hours energy storage. Phazr has no single point of failure and provides the lowest total cost of ownership for energy storage on the market today. Works for Residential & Commercial applications. (PRNewsfoto/JLM Energy)

JLM Energy is big into commercial and industrial (C&I) energy storage systems for ‘behind the meter’ peak shaving solutions in the California market. The company just announced it will be incorporating Ideal Power Inc‘s 30-kW Stabiliti power conversion technology as part of a $750,000 purchase order.

The latest JLM purchase order is for 25 30-kW dual-port Stabiliti series power conversion systems, to primarily provide ‘behind the meter’ peak shaving solutions to California manufacturing and industrial companies. The units are currently scheduled for delivery in March 2018.

JLM Energy’s primary customers are companies that operate printing, food processing, metal fabrication and finishing, plastic and foil converting and coating businesses where manufacturing equipment and processes often require large surges in electrical power. JLM’s Gridz commercial energy storage systems effectively provide the necessary peak surges without drawing electricity demand from the grid and electric utility, reducing electrical demand charges and utility expenses considerably.

JLM Energy’s solar+storage now automated with Hawaii tariff data to manage usage

“The supply partnership with Ideal Power expands fulfillment capacity and improves support of a growing fleet of JLM’s commercial energy management and microgrid systems, including our Gridz and Measurz offerings,” said Bob Montano, vice president of operations for JLM Energy. “We’re a technology-driven, customer focused com-pany, and we’re excited to continue working with Ideal Power to optimize energy use and maximize savings through safe and reliable solutions for our customers.”

“We are thrilled to provide JLM Energy with our latest power conversion technology to enable cost effective, flexible and efficient systems,” said Ideal Power CEO Dan Brdar. “We’re confident that Ideal Power’s UL 1741 SA certified 30 kW Stabiliti series products can help serve JLM’s pipeline of commercial storage projects.”

— Solar Builder magazine

Siemens, AES-owned company makes big splash with new solar + storage system

Fluence

Fluence, an energy storage company owned by Siemens and The AES Corporation, launched a new platform, SunFlex Energy Storage, that will enable solar facilities to sell up to 50 percent more clean energy per site. The Fluence SunFlex Energy Storage technology platform builds upon many of the controls and architectural principles from Advancion and Siestorage, the company’s two technology platforms and the experience gained from working with solar developers such as sPower and AES Distributed Energy.

“Solar and energy storage are the cheapest way to provide power in a number of markets today, and will reach economic parity in many more countries over the next five years,” said Stephen Coughlin, president and CEO of Fluence. “With Fluence’s SunFlex Energy Storage platform, customers can now deliver clean, abundant and low-cost solar energy on-demand, day or night.”

The new platform captures the solar energy that otherwise would be lost during daily peak solar hours, and will increase the volume of energy delivered from a single site by up to 50 percent by allowing developers to add more solar panels without the cost of changing their interconnection. In addition, the new platform improves plant stability by smoothing and limiting the ramping of solar output, and in many areas, simplifies the interconnection process for combined solar and storage facilities. These improvements are only available from tailored energy storage solutions like Fluence’s SunFlex Energy Storage platform. In addition, energy storage can expand the capabilities of solar facilities by increasing the capacity factor of the plant and adding new sources of revenue from frequency regulation and other grid services.

Report: Energy storage would benefit more than 5 million commercial customers

“The Fluence team originally developed energy storage solutions to replace inefficient or underutilized traditional power infrastructure assets such as power reserves, peaking, or wires,” said John Zahurancik, COO of Fluence. “Today, as new power investment is flowing mainly into new solar generation, we have the chance to make this more efficient from the start. With our solution, we can get more solar energy from the same site and make the best use of our power networks.”

— Solar Builder magazine