The energy solutions providing arm of Q CELLS North America is partnering with development company Kendall Sustainable Infrastructure (KSI) to co-develop and finance solar and storage projects.
Q CELLS brings its full suite of solutions including Energy Management Software (EMS), BESS expertise and renewable energy hardware. In addition to expertise, Q CELLS has allocated capital for investment into KSI projects in the United States including those that could include solar modules, BESS, grid services and its Geli EMS.
For select energy storage projects, Q CELLS will also be able to offer its Grid Equity financing product, designed to de-risk energy storage projects in KSI’s project portfolio. Q CELLS’s Grid Equity solution optimizes the value of energy storage systems by participating in ISO wholesale markets and demand response programs.
Dan Loflin, Senior Vice President of Q CELLS North America’s Distributed Energy Solutions business said, “We are thrilled to begin working with KSI, and see this partnership as an impactful step forward in demonstrating our capabilities as a complete energy solutions provider. We look forward to engaging in project development initiatives with KSI through providing our hardware, software and financing solutions designed to maximize returns while de-risking energy storage revenues.”
John Chaimanis, Co-Founder and Managing Director of Kendall Sustainable Infrastructure said, “Teaming up with Q CELLS enhances our competitiveness by adding a rare capability in the marketplace. Q CELLS brings outstanding reliability and well-timed innovation. Working together will allow us to continue delivering on our promise of ‘value-added finance’ in a world of commodity capital. We’re excited to leverage Q CELLS’ complete energy solutions package.”
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If the US rather wishes to continue importing solar panels from mainly China (Malaysia and Viet Nam mentioned in the article, these manufacturer are likely to be subject to Chinese ownership) instead of building up its own indigenous solar manufacturing industry, the industry will continue facing these challenges. In comparison, the EU spent EUR 6 blin in 2020 for the import of panels from China. In order to reduce its supply dependency, is now rethinking its industrial policy designed to re-vitalize its own solar manufacturing industry. It’s a long and hard way, but not impossible.