Berlin, Germany, February 21, 2019
Hanwha Q CELLS GmbH ("Qcells" or "The Company"), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd., has entered into a pilot phase cooperation with German storage experts TESVOLT that will see the two companies collaborate on providing containerized stationary storage systems and storage solutions for commercial applications in the French and Swiss markets.
Qcells´ growing portfolio of solar and storage products includes the Q.HOME⁺ ESS HYB-G2 scalable energy energy storage system, which was piloted in Germany last year. This modular battery system can be scaled up to a maximum of 20 kWh capacity, at increments of 4 kWh.
During this pilot phase cooperation, Qcells will market TESVOLT´s high performance products - such as its containerized stationary storage solutions designed for commercial and industrial (C&I) customers - alongside Qcells´ portfolio of solar and storage products via a single Qcells sales contact.
This technical alliance has been introduced into France and Switzerland to help support these market´s growing demand for energy independence and self-consumption of solar energy, and to help enable more and more installers to meet the requirements of France´s ZNI tenders for non-interconnected zones. Qcells´partnership offer with TESVOLT includes the installation, monitoring, service and support of these storage systems.
Qcells showcases storage and broad solar solutions portfolio at trade fair
Held between February 13-15 in Lyon, France, the BePositive expo showcased
changing energy sector which sees renewables, and particularly solar, increasingly brought to the fore.
Qcells, as one of the leading players in the French solar market, was one of the 519 exhibitors at the BePositive trade fair, and showcased not only its Q.HOME⁺ ESS HYB-G2 storage solution and its collaboration with TESVOLT, but also its complete portfolio of solar modules available in the French market (including the award-winning Q.PEAK DUO-G6 half-cut cell module) as well as the Q.FLAT mounting system for C&I rooftop installations.
Qcells´Head of Sales France, Stephan Maurel, said: "TESVOLT has rapidly established itself as one of the most innovative storage providers in the C&I and small utility-scale space in Europe, so we are delighted to have partnered with them on this storage alliance in France and Switzerland."
"We are very happy that Qcells has chosen TESVOLT as partner to complete its high-performance storage solutions to the commercial and containerized stationary storage segment," said Michael Geib, VP Sales of TESVOLT Qcells has an outstanding position as technology and market leader in the French market and as such we see in Qcells the ideal partner to push our market presence in France."
Maeng Yoon Kim, Head of EU Sales at Qcells, added: "The BePositive event was yet another fantastic opportunity to assess the French solar market, which has received immense government support in recent years. Qcells expects further strong growth in France as the market matures and storage solutions become increasingly popular."
"The BePositive trade fair was a great opportunity to explain and demonstrate this intelligent storage concept to the french market, as well as to showcase Qcells´broadening solar portfolio, which includes market-leading solar modules and innovative mounting systems that have been designed to lower LCOE significally," Stephan Maurel concluded.
ABOUT HANWHA QCELLS
Hanwha Q CELLS Co., Ltd. ("Hanwha Qcells") is 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) with its diverse international manufacturing facilities in Malaysia and China. Hanwha Qcells offers the full spectrum of photovoltaic products, applications and solutions, from modules to kits to systems to large-scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, the company provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental and residential markets. Hanwha Qcells is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 10 business enterprise in South Korea. For more information, visit: http://www.hanwha-qcells.com.
This press release contains forward-looking statements. These statements constitute "forward- looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. 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 an -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. Further information regarding these and other risks is included in Hanwha Qcells filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, Hanwha Qcells does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Hanwha Q CELLS GmbH
Oliver Beckel, Ian Clover
Tel: +49 (0)3494 6699 10121