Power electronics giant SolarEdge announced today it will shut down its energy storage division. This will result in the loss of 500 jobs, mostly in South Korea. The company expects to save $7. Panasonic will discontinue its solar and battery storage business, the. . Support CleanTechnica's work through a Substack subscription or on Stripe. Despite the closure, the company emphasized its plans to honor all warranties and continue providing customer service and support. While this may come as no surprise to those closely following the industry, the move carries major implications for homeowners. . In competition, PV paired with lithium-ion battery storage has become the industry standard, offering cheap, flexible, and easily scalable energy. And then there are the contracts. Ivanpah's long-term power purchase agreements with PG&E and Southern California Edison are set to expire.
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