Next2Sun and iSun Build First Vertical Agrivoltaics System in the USA
- None.
- None.
Insights
The collaboration between iSun, Inc. and Next2Sun Mounting Systems GmbH introduces a novel vertical agrivoltaics system in the USA, which may influence iSun's revenue streams and market positioning. The project's commencement in Vermont represents a strategic entry into a niche market, potentially diversifying iSun's product offerings and bolstering its sustainability credentials.
Financially, such ventures can attract government incentives and tax breaks, improving the company's bottom line. However, initial capital expenditures and the adoption rate of new technology could affect short-term profitability. Long-term, the success of this technology could lead to increased market share and a stronger competitive edge in the renewable energy sector.
Vertical bifacial agrivoltaics is an emerging technology that allows simultaneous agricultural use and solar energy generation, potentially revolutionizing land-use efficiency in renewable energy. The system's ability to generate power during periods of low solar availability could position iSun favorably within the energy market.
The collaboration with Next2Sun also signifies a transatlantic partnership that could facilitate technology transfer and innovation. This move aligns with industry trends prioritizing dual-use solar installations and may set a precedent for future agrivoltaic projects.
The integration of Next2Sun's vertical bifacial photovoltaic technology into iSun's portfolio underscores a significant shift towards sustainable energy solutions with minimal land-use conflict. This technology's alignment with climate action and energy transition goals enhances iSun's corporate social responsibility profile.
Moreover, the support from the German Federal Ministry for Economic Affairs and Climate Action indicates international recognition and backing, potentially influencing investor confidence in iSun's commitment to sustainability and innovation in the renewable energy sector.
DILLINGEN,
Picture 1: Wheat harvest at the Next2Sun solar park Donaueschingen-Aasen,
For 50 years, iSun has enabled the important transitions of our world by accelerating the adoption of proven technological innovations that improve our lives. From the clean rooms that enabled silicone chip production, to the telecommunication installation services that connected industries and consumers to the internet, iSun has enabled the most important technological transformations of the last century. While these technologies and our capabilities have changed over the years, our commitment to accelerating the adoption of proven, world-changing technologies has remained steadfast. Today, iSun believes that clean renewable solar energy is the most important investment we can make. We are driven to use our capabilities to accelerate the transition from dirty to clean energy.
Next2Sun is the inventor, innovation and technology leader in vertical bifacial photovoltaics. The basic concept of vertically installed, bifacial solar modules shifts solar power production to times of usually low availability and avoids the overbuilding of agricultural land. For the success of the energy transition, this means fewer conflicts of use, better coverage of electricity demand and lower storage requirements. Next2Sun has developed a wide range of products based on the vertical bifacial system technology and the patented frame system developed for it, and brought them to market maturity, in particular the vertical bifacial agrivoltaics system and the bifacial solar fence. As a result, Next2Sun today offers solutions for a variety of applications for the agricultural, public, commercial and private sectors as a multi-award-winning market and technology leader.
The first common agrivoltaics project of Next2Sun and iSun will be realised in
"The Next2Sun system is an excellent supplement to our product portfolio," says iSun CEO Jeffrey Peck, "Thanks to the vertical mounting of the modules and the adaptability of the installation to the needs of the farmer, the valuable land is almost completely preserved for agriculture."
Next2Sun AG CEO Heiko Hildebrandt is also looking forward to the collaboration: "In iSun, we have found a partner who, like us, wants to accelerate the energy transition. With our vertical bifacial agrivoltaics system, we can make an important contribution to this, especially in areas such as the north-east of the
This project is supported by the German Federal Ministry for Economic Affairs and Climate Action as part of the Renewable Energy Solutions Programme of the German Energy Solutions Initiative.
German Energy Agency (dena)
The German Energy Agency (dena) is a centre of excellence for the applied energy transition and climate protection. dena studies the challenges of building a climate-neutral society and supports the German government in achieving its energy and climate policy objectives. Since its foundation in 2000, dena has worked to develop and implement solutions and bring together national and international partners from politics, industry, the scientific community and all parts of society. dena is a project enterprise and a public company owned by the German federal government. dena’s shareholder is the Federal Republic of Germany. www.dena.de/en
German Energy Solutions Initiative
With the aim of positioning German technologies and know-how worldwide, the German Energy Solutions Initiative of the Federal Ministry of Economics and Climate Action (BMWK) supports suppliers of climate-friendly energy solutions in opening up foreign markets. The focus lies on renewable energies, energy efficiency, smart grids and storage, as well as technologies such as power-to-gas and fuel cells. Aimed in particular at small and medium-sized enterprises, the German Energy Solutions Initiative supports participants through measures to prepare market entry as well as to prospect, develop and secure new markets. www.german-energy-solutions.de/GES/Navigation/EN/Home/home.html
Renewable Energy Solutions Programme (RES Programme)
With the RES programme, the Energy Export Initiative of the Federal Ministry of Economics and Climate Action (BMWK) helps German companies in the renewable energy and energy efficiency sectors enter new markets. Within the framework of the programme, reference plants are installed and marketed with the support of the German Energy Agency (dena). Information and training activities help ensure a sustainable market entry and demonstrate the quality of climate-friendly technologies made in
View source version on businesswire.com: https://www.businesswire.com/news/home/20231221552696/en/
Next2Sun AG
Tanja Göller
Franz-Meguin-Straße 10a
66763 Dillingen
Phone: 0049 3222 18090
E-Mail: info@next2sun.de
www.next2sun.com
iSun, Inc.
Kyle Kiser
400 Ave D, Suite 10
Phone: 802-658-3378
Email: info@isunenergy.com
www.isunenergy.com
Source: iSun, Inc.
FAQ
What is the collaboration between iSun, Inc. and Next2Sun Mounting Systems GmbH about?
What is the goal of the project in Vermont?
Who is supporting this collaboration?
