Recording of Tuesday, June 18, 2024 | The smarter E Europe Conferences 2024 | Conference Program | Language: English | Duration: 7:49 .
In the competitive solar industry, inverters need to innovate continuously to advance technology and meet market demands. Solar inverters convert DC electricity from solar modules into AC for grid feeding and are evolving into comprehensive energy management systems with increased battery integration rates. As battery prices decrease and national policies favor residential storage, hybrid inverter shipments are expected to rise sharply – projecting 45% of residential inverter shipments by 2024, escalating to 75% by 2030. The commercial sector remains fragmented but is poised for growth with modular energy storage solutions as battery costs fall. Software capabilities will be a critical differentiator, enabling seamless integration of solar PV, batteries, electric vehicle charging, and heating systems. Dynamic tariffs globally necessitate advanced features like curtailing output during excess supply or negative revenue periods. Cybersecurity becomes crucial amid geopolitical tensions and data sharing within grids; Chinese manufacturers must heed these requirements when exporting. Enhanced functionalities such as voltage control through grid-forming inverters stabilize renewable grids mimicking traditional fossil fuel services while paving the way towards a fully renewable future with additional benefits like black start capability. Progress includes reduced tracker use due to steel conservation efforts and robotics adoption in solar trackers’ prefabrication processes aiming at mining applications advancement along agrivoltaics utilization increase.
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Joe Steveni
Research Analyst - Clean Energy Technology
S&P Global
Liam Coman
Solar Research Analyst
S&P Global
The advances in technology along the solar value chain in recent years have been breathtaking: Innovations have included considerably larger wafers, new cell technologies, much higher-efficiency solar modules, smarter inverters with management systems that can control fully electrified high-tech homes and less material-intensive fixed or tracking mounting systems that can be installed faster and boost system yields. This session will provide an overview of the latest technologies.
Further Talks of this session:
Speaker
Dr. Harry Wirth
Director, Division Power Solutions
Fraunhofer Institute for Solar Energy Systems ISE
Germany
Speaker
Molly Morgan
Senior Research Analyst
Exawatt
United Kingdom
Speaker
Arvid Bürkle
Head of Product Lifecycle Management
KACO new energy GmbH - A Siemens Company
Germany
Speaker
Dr. Peter Fath
CEO
RCT Solutions GmbH
Germany
Speaker
Helena Li
Executive President
Trina Solar
Singapore