XSOL Signs Agreement with First Solar to be its Supplier in Japan
One of the largest providers of PV solar panels in the world, First Solar, signed an agreement this week for XSOL to supply First Solar’s cadmium telluride (CdTe) thin film modules in Japan. Installations of 100 MW are the target of the agreement.
This agreement comes after First Solar announced last year that they intended to invest $100 million in mega solar projects. With XSOL’s support, First Solar’s advanced tech can now be used to smaller projects as well.
“First Solar is investing in Japan’s energy future,” Head of Business Development for First Solar in Japan Karl Brutsaert said. “This agreement with XSOL enables us to deliver safe and clean solar electricity on an even broader basis. XSOL is a leader in solar power in Japan, and we look forward to partnering with them to realize solar power’s promise in Japan.”
First Solar’s panels are highly efficient, generating up to 8 percent more energy than standard crystalline silicon modules. The panels also have a superior temperature coefficient, which results in greater energy yield in warmer climates. First Solar’s panels are known for their innovativeness and efficiency and they hope their efforts in Japan will be fruitful.
“First Solar’s differentiated technology will be valued by our customers,” XSOL’s Direector, Akira Waki, said. “Further, First Solar modules are recognized by 3rd party scientists as leading in ecological efficiency, and First Solar already has in place a globally-proven module recycling program, enabling us to meet our commitments to save the global environment and broaden solar power accessibility.”
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.