Energy storage has arrived: A Retrospective on Infocast, Q CELLS, and Other Powerful Contributors

Infocast Projects & Money Conference kicked off 2022's renewable conference schedule. Multiple renewable development and investment companies were in attendance including solar developer Q CELLS USA Corp. Q CELLS delivered thought leadership to some of the high-profile speaking panels and helped set the exciting tone for 2022.

News provided by

Q CELLS USA Corp.

Feb 10, 2022, 13:30 ET


IRVINE, Calif., Feb. 10, 2022 /PRNewswire-PRWeb/ -- Over the week of January 24th, renewable developers and investors descended upon New Orleans for the Projects and Money event, hosted by Infocast.

With multiple panels and discussions, plus events like the Wednesday's Networking Reception sponsored by [Q CELLS USA Corp. (Q CELLS USA), the attendees got a chance to learn about the changing financial markets surrounding renewable energy and make new connections in preparation for 2022's expected heavy growth.

Venkatesh Inti, a Senior Director of Development at Q CELLS USA, had the chance to speak on a panel discussing the outlook of M&A transactions in 2022. The panel discussed how dynamic the renewable energy market is and some of the risks factors those developers are considering.

Here are some big takeaways from some of the other panels:

1. Modules coming from US manufacturing facilities is a clear advantage.

  • a. US Customs seizure of panels is partly causing the supply chain bottleneck

2. Energy storage has arrived and can function as a standalone solution

  • a. In the past, standalone energy storage wasn't seen as financially viable on its own.
  • b. Storage and solar hybrid projects were the norm for storage to qualify for ITC.
  • c. Now, developers are taking on energy storage development without ITC

3. Energy storage offers good return on investment

  • a. It was previously viewed as too risky, now a revenue mix is seen as a strength.
  • b. Returns are achieved within a very short period since a battery has a much shorter useful life compared to a typical utility-scale solar project.

4. Using renewable portfolios to capture volatility

  • a. Developers are monetizing their assets by entering into financial energy contracts as well as dispatching their energy storage.

Vitaly Lee, talking during his panel Looking Beyond the Conventional PPA, discussed solar module supply chain issues, "Q CELLS USA has been insulated from a lot of those supply chain constraints because of our access to our affiliate Q CELLS America Inc. module supplier. We're looking to leverage that supply and partner with developers who are running into delays and see if we can help them move their projects forward."

About Q CELLS USA
Q CELLS USA Corp. ("Q CELLS USA") develops, invests, and delivers photovoltaic (PV) and energy storage system (ESS) projects through Development and Engineering, Procurement, and Construction (EPC) solutions in North America. The company brings a decade of global leadership in solar PV to deliver utility-scale power generation plants customized for local and regional energy markets.

It is an affiliate of Q CELLS Co., Ltd., one of the world's largest and most recognized photovoltaic manufacturers for its high performance, high quality solar cells and modules. It is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ). Q CELLS USA is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 7 business enterprise in South Korea. Q CELLS USA offers the full spectrum of PV solutions from the core technology of cells and modules to large scale project development and investment. For more information, visit: https://www.qcellsusa.com and on LinkedIn.

Safe-Harbor Statement
This press release contains forward-looking statements. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and RBC and Q CELLS' operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Except as required by law, RBC and Q CELLS does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:
Q CELLS USA Corp., Media Representative
E-mail: [email protected]
Phone: 619-750-5712

Media Contact

Nick Centera, Q CELLS USA Corp., 6197505712, [email protected]

SOURCE Q CELLS USA Corp.