JinkoSolar jumps 12% after disclosing G2 Battery launch in Europe

Shares of solar module maker JinkoSolar (JKS) moved up approximately 12% on Thursday to close at $46.43 per share after reporting earlier that it launched G2 Battery Into the European market at Intersolar Europe. The upgraded product, JKR-B1250~2750-A is a high-performance energy storage system designed for residential and small commercial applications. It features a self-developed Jinko HV battery with a single pack capacity of 3,84 kWh, which uses a long cycle high-quality cell that can reach 6000 cycles at room temperature… “We are once again raising the bar, this time not only in the PV business, but also in the Energy Storage System by offering a wide range of intelligent new energy solutions that set new standards for the growing demands of the market,” said Frank Niendorf, the General Manager Europe for JinkoSolar. Other companies in the space include: First Solar (FSLR),Canadian Solar (CSIQ), SunPower (SPWR) Sunrun (RUN) .