Q CELLS positions US solar-storage market in its crosshairs with Geli acquisition

• Q CELLS has actually signalled its intent to target the United States solar and also storage market by acquiring San Francisco-based storage services carrier Growing Energy Labs Inc (Geli).

Q CELLS stated it anticipated the procurement to aid note its entrance right into the United States dispersed energy market having actually currently released services in both Europe and Australia.

Geli's offering makes up an end-to-end software program system that professes to improve the process of designing, offering and taking care of energy storage possessions. It uses a suite of artificial intelligence-led tools to determine the ideal size of energy storage space systems as well as suitable profits heaps for clients to target.

Q CELLS said that by leveraging Geli's proprietary innovation it would have the ability to provide even more in-depth bundles of solar and storage installs that consist of both hardware and software solutions.

Hee Cheul Kim, CEO at Q CELLS, said there is enhancing demand for even more detailed power solutions, especially in the energy storage area.

"We are excited to welcome the Geli group and work together to strengthen our competitiveness in the global dispersed power market. Q CELLS as well as Geli's consolidated capacities will certainly allow us to offer smart energy solutions to our clients, and together we can unravel the next phase towards a cleaner tomorrow," he said.

Earlier this year Q CELLS introduced its Q.HOME Cloud remedy, which incorporates home solar and energy storage space solutions with a cloud-based part used to make sure residences are offered with a "100% lasting power supply". The solar and storage space elements provide the mass of a home's power, while the cloud service is used to attach homes to other renewable resources throughout any kind of deficiency periods.

The solution is currently offered in Germany and also Austria, however it is expected to be broadened into various other markets.