so storage ALONE would qualify for the ITC? no need for solar also to qualify?
where there is a significant enough "residential" Demand Charge, there will be a residential storage market. Many utilities risk speeding up storage's adoption by fighting residential solar through imposing residential demand charges. Currently a very few markets have residential demand charges--so there is no immediate need for a residential product from IPWR. PLaying in the C&I space is risky enough. ...and you want IPWR to double down and produce a product for an even less formed market??
LG is in the process of supplanting Panasonic as the world's #1 battery maker--they will be getting all of tesla's business soon.
"residential AC battery" --so many sales with so little profit. Wait til you see the actual bottom line. Princeton power is also very good at selling their products at a loss. this is a pump and dump retail stock play
they are worthless NOW and they will be worth the same later.
common shareholders will get $0 for their shares (that means YOU)
Generally LMT doesn't move into "small" markets. Thus I am assuming LMT has caught wind of CA's need for ancillary services at "utility scale" and not JUST behind the meter storage trough SGIP. However, that doesn't mean IPWR's gear will be bought by LMT for projects they win.
NObody realizes how big Lockhead has been betting into solar as EPC. Big solar projects.
What will the impatient whiners say about this?
LOL..."new member" today. Could it be a Whine and Cheese Club founding member behind the new ID?
That is some "analysis" alright.
the same result that Loral Space found...globalstar has always been in on the scam.
btw--Enphase is OVERRATED.
Enphase Energy Inc. said its partners in Australia and New Zealand, the first markets for its energy storage products, have committed to selling twice as many of its batteries as expected in the face of increasing competition from companies including Tesla Motors Inc.
The California-based solar-technology company has received commitments for about 60,000 batteries in the two countries over the next 12 months, Nathan Dunn, Asia-Pacific managing director, said by phone Tuesday. Distributors have agreed to take about 24,000 units in the second half of this year, compared with its forecast of 12,000, he said.
Enphase is joining companies from Tesla to LG Chem Ltd. in jumping into the Australian battery market to take advantage of a surge in rooftop solar panel installations. Declining state payments for feeding power produced from solar panels to the electricity grid will give consumers an incentive to use batteries to store power in Australia, Dunn said.
“There’s a lot of talk around energy storage in the market at the moment, that is one of the reasons why we’re seeing such a large uptake,” Dunn said. “People are now realizing that there is a greater opportunity to have greater control of that energy storage proposition.”
Storage trials have been carried out across Australia, according to a report released Tuesday by the Clean Energy Council, the Melbourne-based trade group. Battery technology may be the “missing piece that will transform the way Australians use and think about energy once it becomes affordable,” the study found.
While the technology’s high prices are discouraging customers today, Australian utility AGL Energy Ltd. said it expects costs to decline about 60 percent in the next five years.
until very recently the real implications of Aliso Canyon's leak were not apparent to a wide audience--the heat wave in CA might jumpstart even more aggressive plans for action to could help CA avoid an "emergency" situation that could result in rolling blackouts.
of course they will eventually. The winners all got caught hacking the online SGIP system--they are being dealt with and the program will survive this scandal. The leak at Aliso Canyon has created a shortage of ancillary service providers in CA--where are they going to get those services??? SGIP storage, that's where. There really aren't any other options w/o breaking the bank or CA regulations on air quality.
Australia recently passed some of the most progressive policies in the world supporting energy storage. Not surprising Australia is now a focal point for IPWR. Technically they should have no issues with certification
IPWR is already working with LG Chem on projects with LG PV modules--JUST not this project. LG continues to work with IPWR despite working with other companies. This is LG Electronics so they might not follow lock step with LG Chem, but LG is using IPWR in many cases. One example doesn't create a "rule".