The world’s largest wind turbine maker is expanding its offerings to include solar power and batteries, Bloomberg reported.
Vestas Wind Systems A/S told Bloomberg adding solar power and storage to its portfolio will allow the company to sell hybrid renewable plants that generate energy around the clock.
“We broaden the scope to sustainable energy,” Chief Executive Officer Anders Runevad said. “We see a fairly rapid increase in interest, people asking for hybrid is growing. That’s definitely in itself a new revenue stream to tap into.”
According to Vestas, the expansion appeals to them because they see the renewable technologies as complementary to one another. In a hybrid plant, electricity from solar and wind farms can be stored for later, meaning the plant wouldn’t need to turn to fossil fuels at night or when the wind dies down.