Latest news with #ESS
Yahoo
a day ago
- Business
- Yahoo
Is Essex Property Trust Underperforming the Dow?
Valued at a market cap of $18.3 billion, Essex Property Trust, Inc. (ESS) is a self-administered and self-managed real estate investment trust (REIT). Headquartered in San Mateo, California, the company acquires, develops, redevelops, and manages apartment communities in selected residential areas located on the West Coast of the United States. Companies valued at $10 billion or more are generally classified as 'large-cap' stocks, and Essex Property Trust Energy fits this description perfectly. The company has ownership interests in 257 apartment communities comprising over 62,000 apartment homes, with an additional property in active development. Dear Tesla Stock Fans, Mark Your Calendars for June 30 3 ETFs with Dividend Yields of 12% or Higher for Your Income Portfolio Nvidia Is Quickly Approaching a New Record High. Is It Too Late to Buy NVDA Stock? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Essex Property Trust's stock dropped 10.6% from its 52-week high of $317.73. Shares of ESS have declined 5% over the past three months, lagging behind the broader Dow Jones Industrials Average's ($DOWI) 1.4% increase. In the longer term, shares of Essex Property have decreased marginally over the past 52 weeks, underperforming the Dow Jones' 8.6% return over the same time frame. Additionally, ESS stock has dropped marginally on a YTD basis, aligning with the DOWI's performance over the same time period. The stock has been trading below its 200-day moving average since early April. Yet, it has risen above its 50-day moving average since mid-June. ESS stock rose 1.5% following its solid Q1 2025 results on Apr. 29. The company's same-property revenues increased 3.4% year-over-year, while net operating income rose 3.3% from the prior year quarter to $284.9 million. Its core FFO came in at $3.97 per share, reflecting a 3.7% increase from the year-ago quarter and surpassing the consensus estimate of $3.92. The growth in core FFO was primarily driven by strong same-property revenue performance, increased co-investment income, and reduced interest expense. In contrast, rival Invitation Homes Inc. (INVH) has underperformed ESS stock over the past 52 weeks, declining 5.5%. Although INVH stock has returned 5.6% on a YTD basis, surpassing ESS stock. While the stock has underperformed relative to the Dow over the past year, analysts have a moderately optimistic outlook. With 27 analysts covering the stock, the consensus rating is 'Moderate Buy,' and it is currently trading below the mean price target of $309.12. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Korea Herald
13-06-2025
- Business
- Korea Herald
SNEC 2025: Sungrow Showcases Industry-Leading Renewable Energy Solutions
SHANGHAI, June 13, 2025 /PRNewswire/ -- Sungrow, the global leading PV inverter and energy storage system supplier, is presenting its comprehensive renewable energy portfolio at SNEC 2025, held from June 11 to 13 in Shanghai. Highlights include the next-generation 1+X 2.0 Modular Inverter for utility-scale PV projects, the advanced PowerTitan 3.0 Energy Storage System (ESS) platform, cutting-edge grid-forming technologies, EV charging solutions, and a diverse range of offerings for distributed generation. Catering to the utility-scale market, Sungrow debuted its latest 1+X 2.0 Modular Inverter. Winner of the iF Design Award, this inverter introduces greater modularity with a scalable block design ranging from 800kW to 9.6MW. The product's split modular design isolates critical components (IGBTs, capacitors) in the upper inverter module for quick field replacement. Operation and Maintenance (O&M) time is slashed to one hour per module swap—the easy O&M enables field engineers to perform quick replacements. The new inverter delivers outstanding reliability, featuring IP66 protection and stable operation without derating at high temperatures up to 45°C. It also incorporates AI-driven fault detection, AI-enhanced DC-side safety management, and advanced grid-forming capabilities—meeting the industry's high standards for performance, availability, and reliability. For more information, please click here. PowerTitan 3.0 ESS Platform: Setting a New Benchmark for Utility-Scale ESS Sungrow's PowerTitan 3.0 sets a new benchmark for utility-scale energy storage through unmatched flexibility, energy density, and intelligence. Offered in 10ft Flex (3.45MWh), 20ft Class (6.9MWh), and 30ft Plus (12.5MWh) versions, it supports durations from 2 to 12 hours and operates reliably in extreme conditions. The flagship 30ft Plus version is the world's largest BESS in both capacity and power density, featuring 684Ah stacking battery cells and delivering up to 12.5MW/50MWh per block, achieving over 500kWh per square meter in power density. In addition, the PowerTitan 3.0 adopts all-in-one AC-DC block design architecture, its power density accounts for both the battery system and the power conversion system (PCS). Excluding the PCS, the battery alone achieves an impressive energy density of 570kWh per square meter. This high integration helps reducing land footprint by 45% and cabling by 10%, significantly lowering CAPEX for customers. In terms of energy efficiency, with an all-in-one AC-DC block design, stacking battery cell, and liquid-cooled silicon carbide (SiC) PCS, the platform achieves an industry-leading round-trip efficiency (RTE) of 93.5%. From a safety perspective, as system capacity scales up and long-duration energy storage advances, the risks associated with parasitic balancing currents and short-circuit currents increase significantly. The PowerTitan 3.0 integrates standard short cables within the liquid-cooled container, enabling DC cables stay inside the container. This effectively eliminates the risk of DC-side short circuits while also addressing the issue of parasitic balancing currents between clusters, further reinforcing its safety advantages. C&I Solutions: Empowering Every Business As industrial and commercial users strive to cut emissions and control energy costs, Sungrow's C&I energy solutions offer reliable and scalable clean energy. Among the highlights is Sungrow's latest C&I liquid-cooled ESS, the PowerStack 255CS. Equipped with advanced 314Ah battery cells, it offers flexible power capacities—257kWh (2-hour system) or 514kWh (4-hour system)—along with over 90% round-trip efficiency and a 20-year design life. Fully integrated with PCS, EMS, and BMS, and certified under stringent global safety standards such as UL9540 and NFPA855/69/68/14, the system ensures seamless operation across a wide range of scenarios, including C&I standalone ESS, PV plus ESS, EV chargers plus ESS, and microgrids. Also on display is the SH125CX, a powerful 125kW hybrid inverter. Combined with PowerStack 255CS, it forms a fully DC-coupled solution ideal for medium and large-scale C&I projects. Additional smart devices such as power optimizers and rapid shutdown units further enhance energy yields and safety—optimizing every kilowatt and maximizing return on investment. Residential Solutions Offers Greater Independence, Reliability, and Efficiency As the region experiences rapid urbanization and rising energy costs, there is a clear shift toward residential solar-plus-storage solutions that offer greater independence, reliability, and efficiency. Sungrow's residential portfolio is designed in response to these needs, setting a new benchmark for intelligent and user-centric home energy management. A highlight is the upcoming residential low-voltage ESS solution MG5/6/8/10RL hybrid inverter series (up to 10kW), combined with the MGL060 battery (6kWh each). This next-generation solution is flexible, robust, user-friendly, and fully optimized for home energy needs, with the official launch coming soon. Sungrow also presents its full lineup of microinverters (450W–2,000W), designed for various residential applications such as balconies and rooftops. With more power generation, plug-and-play functionality, and one-click network configuration, Sungrow provides users with a more efficient and convenient experience. In addition to its solar and storage solutions, Sungrow also showcased its EV charging portfolio, featuring the 480kW ultra-fast charger with advanced isolated air-cooling technology, and the 7kW AC charger designed to meet the needs of both commercial and residential users. About Sungrow Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 28 years. As of December 2024, Sungrow had installed 740 GW of power electronic converters worldwide. The Company is recognized as the world's No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the world's most bankable energy storage company (BloombergNEF). Its innovations power clean energy projects across the globe, supported by a network of 520 service outlets guaranteeing excellent customer experience. At Sungrow, we're committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit:
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Business Standard
12-06-2025
- Business
- Business Standard
SECI invites bids for 2,000 MW solar project with energy storage system
State-owned SECI on Thursday invited bids for setting up a 2,000 MW solar project with co-located energy storage systems in India. In February, the Central Electricity Authority (CEA) issued an advisory on co-locating energy storage systems with solar power projects, a move aimed at enhancing the cost efficiency and stability of the grid. As per the bid document on the SECI website, the selection of a solar power developer (SPD) for the Inter-State Transmission System (ISTS) grid-connected project with 1000 MW/4000 MWh Energy Storage Systems (ESS) will be under a tariff-based competitive bidding (SECI-ISTS-XX) process. Solar Energy Corporation of India Limited (SECI), under the Ministry of New and Renewable Energy (MNRE), is a nodal agency for auctioning renewable energy projects. The last date to submit online bid is July 22, and for offline it is July 24, 2025. The bids will be opened on July 25. "The projects shall be located at the locations chosen by the bidder/SPD at its own discretion and cost, risk and responsibility," the document said. A single project can be set up at multiple locations with different delivery points. The ESS component needs to be co-located with the project. However, in case of a project at multiple locations, the ESS needs to be co-located with at least one of the components, it said. Under the special condition of the bid, "ESS of at least 0.5 MW/2 MWh capacity for 1 MW project capacity shall mandatorily be installed as part of the project. It is clarified that ESS charged using a source other than solar power would not qualify as solar power". As per the National Electricity Plan published by the Central Electricity Authority, in order to integrate the 364 GW of solar and 121 GW of wind capacity by 2031-32, India would require 73.93 GW/411.4 GWh of storage capacity (26.69 GW/175.18 GWh from PSP - Pumped Storage Project - and 47.24 GW/236.22 GWh from BESS). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Reuters
12-06-2025
- Business
- Reuters
TotalEnergies' Saft to build Fukushima battery storage site
PARIS, June 12 - French oil major TotalEnergies' ( opens new tab subsidiary Saft has been selected to build a 1 gigawatt-hour battery energy storage system in Japan's Fukushima, the company said on Thursday. Part of a larger project by Asian renewable developer Gurin Energy, the system will be able to provide over 240 megawatts of power for four hours. Construction is expected to begin next year, Total said in a statement. Battery storage systems are designed to stabilize electricity grids that receive volatile power swings from intermittent sources such as solar and wind farms. Japan plans to install 10 gigawatts worth of energy storage capacity as it seeks to increase the share of renewables in its electricity mix to nearly 40% by the end of the decade, up from around 27% currently. "Asia is a critical region for the sustained, long-term growth of Saft's Energy Storage System (ESS) business," Vincent Le Quintrec, Saft's ESS sales and marketing director said in a statement. TotalEnergies itself operates four solar parks in Japan and has bid for tenders in the country's nascent offshore wind market, as part of its strategy to develop an integrated electricity business alongside oil and gas.
Korea Herald
12-06-2025
- Business
- Korea Herald
Desay Battery Unveils Innovative Energy Storage Solutions at SNEC PV+ Expo, Announces Strategic Partnership with Turkish Energy Leader Demir Enerji
HUIZHOU, China, June 12, 2025 /PRNewswire/ -- Desay Battery, a global leader in energy storage innovations, achieved a key milestone at the 2025 SNEC PV+ Expo, by announcing a strategic partnership with Demir Enerji, Turkey's leading energy company. Both parties are committed to collaborating on several energy storage projects in Ukraine, including the MHP Chicken Block Solar + ESS 2.5MW/5MWh project, MHP Project #1 with a capacity of 2MW/5MWh and Project #2 with 20MW/40MWh, as well as the VOLTAGEG project with 10MW/40MWh. "Through our partnership with Demir Enerji, we are excited to bring our most advanced energy storage technologies to Turkey's dynamic energy market," said Vice-President Jack Guo of Desay Battery. "This collaboration is a significant step in our global expansion strategy and highlights our dedication to advancing the transition to clean energy globally." At the exhibition, Desay Battery showcased cutting-edge battery cell technology, featuring a diverse range of products. This lineup included high-performance lithium-ion cells (DLP-100, DLP-280, DLP-314) as well as the innovative DSP-60 sodium-ion battery. In addition to cell technology, Desay Battery unveiled its modular energy storage systems, which consist of scalable lithium modules at 100Ah and 280Ah, along with 52S battery packs that allow for flexible integration. For commercial and industrial applications, the company introduced the Lumos energy storage cabinets with capacities of 215kWh and 344kWh. For residential use, offerings included the 10-25kWh LV Residential ESS and the 21kWh HV DCDC Residential ESS (280Ah), designed to provide efficient and space-saving solutions for homes. Furthermore, Desay Battery exhibited large-scale infrastructure solutions, including the Vita 5MWh Utility ESS liquid-cooled container storage system, which supports grid stability, as well as UPS battery cabinets designed for critical backup power. The products showcased not only highlight Desay Battery's leadership in energy storage technology but also demonstrate the company's deep understanding of diverse application needs, along with its ability to deliver precise, tailored solutions. "With over 20 years of specialized experience, Desay Battery has firmly positioned itself as a Tier 1 energy storage provider, recently earning a spot on BloombergNEF's Energy Storage Tier 1 List for Q2 2025. This recognition underscores the company's vertically integrated approach, which covers the entire spectrum from cell development to complete system integration. Supported by state-of-the-art manufacturing facilities and rigorous quality control processes, Desay Battery continues to set the standard in the energy storage industry."
