Q CELLS signed a memorandum of understanding (MoU) with Samsung Electronics to strengthen both companies’ strategic cooperation in the global residential energy market. The companies will be connecting their devices and software platforms to provide comprehensive energy services — everything from solar PV energy generation and energy storage to power consumption and intelligent energy management — with the goal being a one-stop shop for the “Zero Energy Home.”
Q CELLS’ role in the business partnership is to provide solar modules and energy storage systems (ESS) to customers, as well as Q CELLS’ self-developed home energy management system, Q.ONNECT. This combination of hardware and software allows homeowners to collect and manage all data on energy generation, storage, and total usage in real time. In addition, Q.ONNECT will provide the optimal ESS operation service based on the expected charging amount data according to the local weather forecast.
This data, when linked to Samsung Electronics’ SmartThings platform, will give homeowners more control to optimize home energy use. SmartThings is Samsung’s open smart home platform that can link to Samsung and non-Samsung devices, empowering users to manage their home appliances from one central hub. Together with Q CELLS’ technology, the SmartThings Energy service will give homeowners a clearer view of how energy is consumed by heat pumps and appliances, letting them set up a more sustainable energy management plan.
In addition, the two companies plan to develop business cooperation such as joint sales mainly in the U.S. and Europe, where the residential energy market has matured, as well as domestic and overseas demonstration projects.
“Through close cooperation between two Korean companies, we expect to provide our global customers with competitive energy solutions,” said Hee Cheul (Charles) Kim, CEO of Q CELLS. “We hope that the synergy with Samsung Electronics will strengthen our leading position in the global residential energy market.”
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