Market Chatter: China Solar Panel Makers Seek Foray into Storage Systems Amid Lower Photovoltaic Sales
China's top solar panel makers are scrambling to diversify into battery storage expansion as photovoltaic installations slow, Reuters reported Thursday, citing company executives.For instance, Jinko Solar (SHA:688223) is looking to grow its battery manufacturing capacity to up to 14 gigawatt-hours from 5 gigawatt-hours, Reuters said, citing regional technical head for energy storage systems Titus Koech.JA Solar Technology's (SHE:002459) battery products were on display at its booth during the SNEC photovoltaic conference, marking a shift from its usual solar energy demonstrations, the report said.LONGi Green Energy Technology (SHA:601012) advertised its solar-plus-storage integration on the conference's screen, the report said.For a Trina Solar (SHA:688599) executive, the integration is the "second growth curve" following solar energy, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)