Thursday, August 6, 2020

Q CELLS Acquires Geli

Irvine-based solar cell and module manufactuer Q CELLS said this morning that it has is acquiring San Francisco-based energy storage software maker Growing Energy Labs, Inc. (Geli). Financial terms of the acquisition were not announced. Q CELLS said the buy will help expand its offerings in the Integrated Energy Storage Solutions area. Geli develops software used for design, automation, and management of Battery Energy Storage Systems (BESS)--software which uses load profiles, electricity tariffs, and other data to optimize the use of stored solar energy. Q CELLS said it will use Geli's artificial intelligence technology for the C&I distributed energy market, to be able to provide integrated energy solutions through packaged hardware and software capabilities (solar+storage).