Hanwha SolarOne links with US storage technology specialist

Hanwha's move is a way to differentiate from larger Chinese rivals, say analysts

Hanwha SolarOne is to sell solar modules alongside an energy storage system after its biggest shareholder invested in Silent Power, a US storage technology specialist.

Hanwha plans to market its panels in conjunction with Silent Power's battery-based system from September this year to residential, commercial and industrial markets.

Hanwha Group, the South Korean conglomerate that owns 49.5% of China-based Hanwha SolarOne, led Silent Power's Series B funding round with an $8m investment.

Hanwha says the investment is “an aggressive move into an important market downstream and lays the foundation for a robust partnership”.

Solar panels tend to produce most energy from 9am to 3pm, which may not correspond to the period when demand is at its highest.

The…

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login