Hanwha Group, a top 10 South Korea-based industrial conglomerate, has led US-based energy storage provider Silent Power’s series B funding round with an $8m investment.
The strategic partnership will bundle Hanwha SolarOne’s photo-voltaic (PV) panels with Silent Power’s distributed energy storage device, the OnDemand Energy Appliance.
Charles Kim, president of Hanwha SolarOne, said: “Hanwha SolarOne is building the solar economy of the future with focused, strategic partnerships like this collaboration with Silent Power.”
The ability to store energy for later…
