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Q CELLS, KSI sign strategic agreement to collaborate on project development and financing

Q CELLS, KSI sign strategic agreement to collaborate on project development and financing
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Q CELLS' acquisition of GELI: 'Software is key to unlocking value of battery storage'


Published: 22 Feb 2021, 09:25
By:
Andy Colthorpe
GELI s new owner since the end of 2020 is vertically-integrated solar PV company Q CELLS. Image: Q CELLS via Facebook.
Battery storage systems can deliver multiple services and provide customers and sites with backup power, but their value in doing so remains largely dependent on “highly sophisticated” software.
Dan Loflin, CEO of specialist software company Growing Energy Labs Inc (GELI) and Dr Ryan Wartena, the company’s VP of strategy, spoke to
California-headquartered GELI was notable in the industry for being one of the few pure-play software companies in the energy storage space, focusing on the commercial and industrial (C&I) market. Their value proposition largely included allowing C&I entities to lower energy costs by reducing peak demand and therefore the high proportion of electricity costs they have to pay to their electricity suppliers in the form of monthly demand charges, w ....

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Q CELLS sets sights on US C&I market as it completes Geli acquisition


Published: 22 Dec 2020, 10:52
By:
Andy Colthorpe
Q CELLS home energy storage systems at a European trade show in 2019. After launching an all-in-one renewable energy package for the residential market, the company is now also going after the C&I segment. Image: Solar Media.
Vertically-integrated solar company Q CELLS has completed the acquisition of US-based Growing Energy Labs Inc (Geli) that was announced in August.
The integration of the two companies’ US operations is already underway, Q CELLS said. With Geli primarily focused on an end-to-end software platform for the design and installation of energy storage systems including artificial intelligence technologies and Q CELLS on solar, the new parent company wants to use the combined capabilities to take on the commercial and industrial (C&I) segment of the energy market. ....

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