Proposed merger will make zinc battery developer Eos Energy a public company
Eos has executed a letter of intent for a merger with a SPAC — which would result in Eos becoming a publicly listed company. Investors seem fascinated by energy storage this year, the long-duration variety in particular.
Duke creates REC program for individual retail customers in North Carolina
Under the company’s new Renewable Advantage program, customers can choose to subscribe to 250-kWh blocks of electricity from renewable energy resources, for a monthly charge. Part of the revenue generated by this program will support NC GreenPower’s Solar+ Schools program.
Morning Brief: California’s solar mandate in action, Amazon’s $2B climate fund
Also in the brief: generational climate divide among Republicans, installing solar in the Alaskan tundra
PV module prices are falling faster than all predictions
New research from Wood Mackenzie shows that overall system costs for installations using mono PERC modules are set to fall by as much as 20% by 2025.
Southeast states to add nearly 15 GW of solar by 2023
South Carolina is set to surpass North Carolina in solar watts per customer. Georgia and Florida will exceed the Southeast average, while utilities in Tennessee, Alabama and Mississippi will continue to lag. Overall the states will reach 5% solar generation by 2023.
House’s $1.5 trillion infrastructure bill packed with pro-solar, pro-storage provisions
In addition to making the stand-alone energy storage investment tax credit (ITC) eligible and extending a 30% solar ITC through 2025, the House bill creates a direct pay mechanism that can be used in lieu of the ITC.
Morning Brief: Best Buy’s big solar installation, Massachusetts’ largest landfill project
Also in the brief: SolarEdge is set to launch the company’s newest product, Stem Inc has launched its first solar+storage independent power producer site, PCL Construction Services has begun work on the 20 MW Odom Solar Farm and more.
AES releases massive 1 GW renewable project solicitation
AES has released an RFP for the purchase of up to 1 GW of new renewable projects as part of its partnership with Google. Here’s a breakdown of the technologies and terms the solicitation is seeking.
Global demise of coal-fired generation driven by idle and unprofitable plants
China grapples with overcapacity by slowing coal plant construction while more U.S. plants have closed during the first three years of the Trump administration than in Obama’s two terms.
Morning Brief: SEIA pushes for solar inclusion in infrastructure bill, 5% of global pv projects are nearing inverter end of life
Also in the brief: a letter calling for electric grid infrastructure, transportation and equity and environmental justice has been delivered to key members of the House, Clir Renewables has secured a $1.25 million loan with Silicon Valley Bank, 580 businesses call on congress to include clean energy in a the next stimulus package and more.
