Solar inverter company Ginlong Solis goes public, now listed on the Shenzhen Stock Exchange

ginlong solis

Ginlong (Solis) Technologies has landed on Shenzhen Stock Exchange, making it the world’s only stock listed company with its main business being string inverters. Till today, the company stock value is over 4 billion RMB.

Ginlong (Solis) Technologies is publicly offering 20 million shares, including 20 million IPO shares offered at 26.64 yuan per share and raising funds of 533 million yuan. The post-public-offering share capital of Ginlong (Solis) Technologies is 79.999952 million in total. Ginlong (Solis) Technologies principally engages in the research and development, production, sale and service of distributed PV system core unit groups string inverter. In 2018, its operating income reached 831 million yuan with the net profit of 118.0641 million yuan.

Founded in 2005, Ginlong (Solis) has grown to be a leading high-level technical research and development team, many of whom are experts in the field. In the process of R & D and product industrialization, Ginlong (Solis) already has many domestic and foreign authorized patents along with continually pioneering new technologies and has become the technological pioneer in the industry. Ginlong (Solis)’s products have been exported to more than 80 countries in the world. Since its establishment, the company has adhered to the global layout and independent brand strategy, taking product reliability and performance advantage as its core competitiveness. The top ten customers of Ginlong (Solis) are mostly from Asia, Europe, America, Oceania and other countries and regions, and has accumulated advantages of brand and market.

Through this listing, Ginlong (Solis) will further expand the market and push brand “Solis” to more countries.

— Solar Builder magazine

DynaPower debuts next-generation energy storage system

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Leveraging over a decade worth of experience in deploying over 500 MWs of battery energy storage worldwide, Dynapower ready to debut its next generation of fully integrated behind-the-meter and front-of-the-meter energy storage systems. The CPSi, MPSi, and DPSi are purpose built for commercial and industrial, utility scale, and solar plus storage applications.

The latest generation of Dynapower energy storage systems not only lower the cost of deploying energy storage, they provide increased system performance and industry-leading reliability to provide the greatest value available today.

Systems are available with Dynapower’s proprietary Dynamic Transfer and Black Start capabilities and are suitable for grid-tied and microgrid applications. Each system is backed by 24/7 technical support and a full team of aftermarket service technicians and preventative maintenance programs. Systems are compatible with other OEMs’ solar power electronics.

— Solar Builder magazine

Energy Toolbase to open new office in Hawaii

Hawaii solar power regulation

Energy Toolbase announced the opening of a new office in Hawaii to service customers in-state and throughout the Asia Pacific region, including Australia. The sales and support office will enable the company to better serve the needs of their rapidly expanding customer base and provide more hours of support overlap across different time zones.

Energy Toolbase has established itself as an industry-leading software platform for analyzing the economics of solar + storage projects. Over 1,000 distributed energy organizations worldwide utilize the platform to model and propose their projects. The new office location will provide support for three of the leading behind-the-meter energy storage markets in the world: California, Hawaii and Australia. The new location will enable the company to interact more directly with customers, understand their regional market specific needs, and stay current on the evolving policies and regulations in each market. Energy Toolbase also recently became a member of the Hawaii Solar Energy Association (HSEA).

“We’ve been steadily growing our userbase in both the Hawaiian and Australian market, which really made it a necessity for us to open this new office” said John Gurski, CEO of Energy Toolbase. “This is a long-term decision and we plan to be in these markets for many years to come.”

“We’re super excited to launch this new location and continue providing first class service to our customers in California, Hawaii, Australia and the rest of the APAC region” said Matt Cimo, Western Regional Sales Manager, who will lead the new office in Hawaii. “On behalf of our entire team out here: Aloha and Mahalo!”

The new office is located at 770 Kapiolani Blvd in downtown Honolulu. This is the fourth office location for Energy Toolbase. The company is headquartered in Stuart, Florida, with offices in Murrells Inlet, South Carolina and Pasadena, California.

— Solar Builder magazine

This Swedish PV production equipment provider is expanding into direct sales of solar roofs

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Swedish solar energy technology leader Midsummer launched a new energy producing metal sheet roof “Midsummer solar roofs”. This signals a broader effort to expand from mainly selling production equipment for thin film solar panels into the end market for solar panels for various roofs, facades, vehicles etc through in-house production and via contract manufacturers.

To meet increasing demand from mainly the U.S. market, Midsummer is rapidly expanding its production capacity of DUO machines, its innovative and unique manufacturing tool for thin film flexible CIGS solar cells.

The company has decided to also directly address the end market, both B2B and B2C, for solar panels suitable for different types of roofs, facades, vehicles, landfills etc in urban areas. To support this expansion, Midsummer is looking into issuing Green Bonds of up to $USD 53.4 million

The company’s new business model would include in-house production of solar panels for the end market and the establishment of a network of contract manufacturers in addition to its present production of manufacturing equipment.

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A first step in Midsummer’s new strategy and product offering is ”Midsummer solar roofs”, a standing seam metal roof that is integrated with Midsummer’s thin film solar panels and with a high energy efficiency. The roofs are delivered pre-installed with solar panels and the installation is as simple as for any standing seam metal roof without solar cells. In order to further simplify for the customers, Midsummer offers installation with turnkey contracts.

Besides building integrated solar roofs, Midsummer’s panels are suitable for a range of other roofs – corrugated roofs, membrane roofs, shingles etc – and also facades, vehicles, landfills, tents etc. Midsummer’s light, thin and flexible solar panels can be walked upon like any other metal roof and the weight does not differ significantly from a standard metal roof, nor does the appearance or the price.
Midsummer solar roofs have an expected lifetime of 25 years with a guarantee of 15 years for the roof, a five-year warranty for the solar panels and a guarantee that the roof delivers 90 percent of the installed peak power after ten years and 80 percent of the installed peak power after 25 years.

What’s new

The new model solar cell roof is narrower than the previous one, which makes the roof more aesthetically pleasing and also increases the installed power per square meter. Midsummer solar roofs also offer the option to connect the solar panels with each other for longer roofs, which means that Midsummer can supply its metal roof with integrated solar panels in lengths up to 12 meters.

“In recent years, solar energy and the installation of solar panels has grown rapidly across the world,” said Sven Lindström. CEO. Midsummer. “In order for this development to continue and for even more customers to be attracted by it, products with stylish design are required. We take the next step in this development with our refined metal roof Midsummer solar roofs. With the solar panels pre-integrated into the roof, this product is a no-brainer for both new buildings and for many older buildings.”

Midsummer’s DUO system has taken the position as the most widespread manufacturing tool for thin film flexible CIGS solar cells in the world. Midsummer is today the world leader in the production of light, flexible, robust solar panels with high energy efficiency.

The company’s new business model would include in-house production of solar panels for the end market and the establishment of a network of contract manufacturers in addition to its present production of manufacturing equipment.

— Solar Builder magazine

Pegasus Solar solar mounting product line added to Sunnova approved vendor list

Pegasus solar

Sunnova Energy Corporation added Pegasus Solar’s complete product line to its exclusive Approved Vendor List (AVL), noting that Pegasus’ Comp and Tile Replace mounts have proven waterproof designs, are easy to install, have a low cost and are covered by a 25-year warranty.

“We are excited to partner with Sunnova on offering our mounting systems to their channel partners,” said Kai Stephan, Chief Executive Officer of Pegasus. “Together, we’re enabling solar at lower costs and with the highest-quality, longest lasting components.”
Pegasus Solar supplies its mounting solutions to Sunnova’s channel partners through select distribution networks across the nation.

— Solar Builder magazine