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ARDA Power INC services
Solar Plus Storage
ARDA’s first target market is “next generation” solar energy. Solar energy is experiencing double digit growth with expectations for 40-49GW of new installations globally in 2014, up from 36GW in 2013. While solar technology is relatively mature, it is undergoing a transition to a new generation of designs that increasingly integrate energy storage to smooth generation and to better respond to demand. Recent legislation in California and Puerto Rico, high retail rates in Germany, an increasing focus on storage in China and Japan, and the decreasing cost of batteries, make storage more and more cost effective, and therefore more attractive as an integral part of solar installations. In fact according to IHS annual PV installations including storage are forecast to increase from under 200MW in 2013 to 6GW in 2017, with commercial solar installations representing the largest source of growth.
