Nissan has joined the bandwagon with Tesla by entering in the electricity sector with rooftop panels along with a battery storage product. The integrated solar panel and battery system will allow the consumers to store electricity as well as generate it.

United Kingdom: Nissan has forayed into the electricity sector with rooftop panels along with their battery storage product. Nissan is planning to launch the solar rooftop panels as well as a battery in the United Kingdom.

The project, Nissan Energy Solar, is being termed as a generation-to-acceleration scheme which will provide the customers with a roof-mounted solar panel and a battery which will store some of the electricity they generate

The car-maker is entering into the sales of a stand-alone solar, storage and vehicle charging system after it forged partnerships in the initial months of 2018 with E.On and Ovo Energy.

Nissan is planning to launch an integrated system will allow energy users to generate their own solar power, which can either be stored in a battery or used to charge an electric vehicle. This would enable the consumers to reduce their overall energy bills by almost two-thirds. The system includes a home energy management function which will aid the users to control the energy output.

The officials from Nissan informed that the all-in-one system is priced at USD 5,200 for six solar panels, or USD 10,300 for panels and a 4 kWh battery. The customers can pick either a new battery, or a “second-life” pack made from cells that have been recycled from electric vehicles that are still functional and suitable for daily storage.

Nissan is anticipating that its leading position in developing electric vehicles like the Nissan Leaf, will give the group an edge in the emerging low-carbon economy. The group reportedly also plans to stop selling diesel cars in Europe as part of its aim to sell one million electric vehicles a year by 2022.

The CEO for Nissan’s energy services arm hopes that the initiative will ensure the adoption of electric vehicles without creating additional strain on the grid.

According to TechSci Research, the initiative by Nissan to enter Solar Power would act as a stepping stone for Solar Energy in the United Kingdom and other companies will also follow suit. The initiative by Nissan will transform the global energy market and help in moving towards a low carbon economy. The all-in-one systems, will enable the consumers to create electricity with the solar panels and battery, allow them to regulate the energy output, thereby  reduce the electricity bill. Increasing adoption of Solar rooftop panels will pave the way for the adoption of Solar Backsheets.

According to the recently published report by TechSci Research, “Global Solar Backsheet Market, By Type (Fluoropolymer and Non-Fluoropolymer), By Installation (Roof Mounted, Floating Power Plant and Ground Mounted), By Application (Utility, Industrial, Commercial, Residential and Military), By Company and By Geography, Forecast & Opportunities, 2023”, Global Solar Backsheet Market is projected to reach USD 2.40 Billion by 2023, at a CAGR of over 7% during the forecast period. The global market growth is driven by growing global solar PV installations, growing adoption of renewable technologies and rising need to reduce carbon emissions. Based on type, the market has been categorized into fluoropolymer and non-fluoropolymer. The non-fluoropolymer segment is expected to grow at the fastest rate during the forecast period due to its cost-effectiveness. Based on installation, the market has been segmented into Roof-Mounted, Ground-Mounted, and Floating Power Plant. The floating power plant market is projected to grow at the highest CAGR during 2018-2023. The growth of the market can be attributed to the ability of these plants to generate more power due to the cooling nature of water. Floating power plants also solve land constraints issues, which is a major hurdle in ground-mounted solar installations. Some of the leading players in the solar Backsheet market include Cybrid, Jolywood, Krempel, Hangzhou First etc.

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