Inslee drops presidential bid, a shakeup at SolarEdge: pvMB 8/22/19

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Inslee drops out of Presidential race – In somber news for the most climate-focused of the 2020 presidential candidates, Washington State Governor Jay Inslee has announced that he will be ending his bid for the presidency. “It’s become clear that I’m not going to be carrying the ball, I’m not going to be the president, so I’m withdrawing tonight from the race,” Inslee shared with Rachel Maddow of MSNBC.

 

Oh, and speaking of politics, as an update to yesterday’s brief, Kamala Harris has announced on one of her two twitter accounts that she will be participating in CNN’s September 4th climate change town hall.

 

SolarEdge CEO shakeup –SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), announced today that in the past few days, Co-Chairman, CEO and founder, Mr. Guy Sella’s previously disclosed health condition has declined significantly. In that connection, he has taken a leave of absence, effective immediately, to address his health issues. The Board of Directors has announced that Mr. Zvi (Zivi) Lando, has been appointed to serve as Acting Chief Executive Officer. Mr. Lando has served as EVP Global Sales since joining SolarEdge in 2009. Prior to joining SolarEdge, Mr. Lando held several different technology and management positions at Applied Materials, including in his last role, as Vice President and General Manager of Baccini Cell Systems Division in the Applied Materials Solar Business Group.” Source: SolarEdge

 

Vistra to close four Illinois coal plants – In accordance with announcements earlier this year, Vistra Energy has confirmed that it will be closing four power plants in order to meet the requirements of the recently approved revisions to the Multi-Pollutant Standard rule imposed by the Illinois Pollution Control Board. The four plants to be closed are the Coffeen Power Plant, Duck Creek Power Plant (in Canton), Havana Power Plant, and Hennepin Power Plant. That MPS rule will require Vistra to retire 2000 MW of generation by the end of the year. Assuming that the Illinois  Coal to Solar and Energy Storage Act passes, Vistra has announced that the lost generation will likely be replaced by renewables. Source: Vistra Energy

 

Sunspec delivers fourth industry best practice – The Distributed Energy Resource (DER) market is transforming rapidly. In fewer than 12 months, the conversation amongst DER asset investors has shifted from “what’s my lowest cost PV module option?” and “should I add batteries?” to “how can I diversify revenue streams?” and “what is the best cybersecurity strategy?” The SunSpec ecosystem has been driving this transformation. The SunSpec Certification program, now focusing on California (IEEE 2030.5/CSIP) and U.S. National Electrical Code (NEC) 2017 (PV Module Safety/Rapid Shutdown) requirements, has engaged eight global SunSpec Authorized Testing laboratories, many serving multiple customers. The SunSpec/Sandia Cybersecurity Working Group, more than 350 people strong, achieved an important milestone by delivering its fourth industry best practice this month. The SunSpec Public Key Infrastructure (PKI) welcomed 10 new companies and is helping to build the networked DER economy.” Source: Sunspec