It’s Like the Sun Never Stops Shining: SolarOne Ties up with Silent Power
Image source: Solar Tribune, http://bit.ly/Obbc2Z
French call it mariage, the proper pairing of foods and wine. The same terminology can be applied to Hanhwa’s recent investment in Silent Power’s solar inverter-battery technology.
Solar power doesn’t just happen with panels on the rooftop collecting sunlight. Sunlight is an inherently fickle source of energy. The sun rises and set. Clouds cover it. The tilt of the earth means more sunlight in summer and less in winter.
All of these factors make it difficult to balance the energy collected and the energy spent. Peak time for sunlight may not correspond with peak time for energy use. That’s why it comes off a s smart choice for Hanwha SolarOne, a part of Korea’s giant Hanhwa Group, to invest $8 million in Silent Power.
Hanwha SolarOne and Silent Power will work together to provide customers with packages that include Hanwha SolarOne’s highly efficient photovoltaic (PV) panels and Silent Power’s OnDemand Energy Appliance. Hanwha’s solar panels will absorb the sunlight to turn the rays into energy and store the energy with Silent Power’s battery technology. These two companies are set out to make solar energy a more attractive source of renewable energy for everyone by making it more storable and, therefore, more stable.
Image source: gosolaract, http://bit.ly/OzpUSK
The first bundled product using Hanwha SolarOne’s PV panels with Silent Power’s battery technology will be ready by September 2012, and the two companies expect the market to be huge as residential, commercial and industrial markets are increasingly looking for a stable renewable energy source.