Sunnova plans IPO, 200,000 call on Washington for climate debate: pvMB 6/12/19

Hello and, as with every other Wednesday, welcome to your Hump Day MB! Today we’ll be looking at Walmart and US Solar’s 36 project deal, POWERHOME solar expanding to Missouri, an Economy-wide analysis of decarbonization of the Pacific Northwest and much more. Let’s dive in!

June 12, 2019 Tim Sylvia

Image: KIUC

Sunnova is planning $1 billion IPO – “Sunnova Energy Corp, which finances and manages residential solar and storage systems across the United States, is planning a stock market flotation that could value the company at more than $1 billion, including debt, people familiar with the matter said.” Source: Reuters

EEI recognizes AES Lawai plant – For their work in the creation of the world’s largest solar+storage plant to date, Kauai Island Utility Cooperative’s Lawai plant, AES Distributed Energy has been awarded the Edison Electric Institute’s 2019 Edison award. The award is widely considered to be the electric power industry’s most prestigious honor. The project is comprised of a 28 MW solar system, coupled with a 20 MW, five-hour duration energy storage system which helps the island generate 55% of its power from renewable sources. Source: Kauai Island Utility Cooperative

200,000 signatures collected for climate debate – Right now, activists are gathering outside of DNC headquarters in Washington, DC to demand the Democratic party reverse its stance against hosting a primary debate on the climate crisis. During the protest they will be delivering more than 200,000 petition signatures from people across the country in support of a climate debate. Source: Greenpeace

Walmart, US Solar announce 36 project, 36 MW deal – In yet another corporate renewable procurement deal, Walmart, a leader in the corporate renewable clubhouse, has an agreement with US Solar to subscribe to 36 of US Solar’s 1 MW community solar gardens located throughout the state of Minnesota. While the fleet of gardens is not yet complete, all will be operational by the first half of 2020. Source: US Solar

POWERHOME expands to Missouri – “Residents of Missouri soon will have another alternative to grid power with the recent expansion of POWERHOME Solar (POWERHOME) into the Show-Me State. Missouri marks the eighth state in the company’s footprint, and its new office will be in St. Charles, a western suburb of St. Louis… POWERHOME designs, permits, sells, finances, installs, maintains and monitors solar energy systems and panels for residential and commercial applications. The company works with homeowners and business owners to create custom rooftop or ground-mounted solar systems that generate renewable energy, lower electric bills and reduce carbon footprints… To begin building its Missouri workforce, POWERHOME will have hiring managers on site June 17-20 to conduct open interviews and make hiring decisions for sales positions at its St. Charles office from 9 a.m.-6:30 p.m. CT. Those interested should send an email to careers@powerhome.com.” Source: POWERHOME Solar

Dearborn Homes development goes solar – Chicago’s Dearborn Homes public housing development, which features over 660 residential units, will soon be powered by a 750 kW solar installation. The installation is set to be handled by VLV Development, as a part of The Future Energy Jobs Act. The project is being supported financially by a $4 million grant that ComEd received from the U.S. Department of Energy to design and deploy solar and battery storage technology in a microgrid. Source: ComEd

Greenpeace says next president must phase out fossils – Greenpeace has released a substantial report outlining the necessity of the next United States President to phase out fossil fuels entirely. From the executive summary “Decades of failed leadership and climate denial have brought us to this moment of crisis. Words are no longer an adequate response — we must have rapid and ambitious action from our elected leaders. For the next president and Congress, real climate leadership means not only saying yes to real solutions like a rapid transition to renewable energy with equitable ownership and participation, but also saying no to the destructive impacts of fossil fuel extraction.” Source: Greenpeace

Economy-wide analysis of decarbonization of the Pacific Northwest – “Meeting the Challenge of Our Time: Pathways to a Clean Energy Future for the Northwest is the first economy-wide analysis to examine decarbonization pathways mapped to the Northwest’s economic and institutional realities. The Clean Energy Transition Institute commissioned this study to understand how Idaho, Montana, Oregon, and Washington could technically and economically achieve a low-carbon economy over the next three decades.” Source: Clean Energy Transition

And now, for a fun little end for your brief, EIA has released a graphic on utility-scale solar plant capacity factors by state:

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