Energy Storage News•about 2 months ago
‘Rapid growth but disorderly competiton’: Longi enters energy storage industry with PotisEdge deal
Key Takeaway
Longi's entry into the energy storage market via acquisition signals a major shift towards integrated solar-plus-storage solutions, promising increased competition and potentially more cost-effective, bundled offerings for developers and large power consumers.
AI Summary
- •Solar PV giant Longi has acquired system integrator PotisEdge, marking its official entry into the energy storage industry.
- •This move signals increased vertical integration within the renewable energy sector, with a major manufacturer now offering integrated solar-plus-storage solutions.
- •Longi's entry is expected to intensify competition in the rapidly growing energy storage market, potentially leading to more competitive pricing and diverse product offerings for developers and large power consumers.
- •The article highlights 'rapid growth but disorderly competition' in energy storage, suggesting a dynamic market with evolving supply chains and opportunities for strategic partnerships or acquisitions.
Topics
datacenterm&aoemsolarstorage