Canadian Solar sees turnover and profits surge
The Chinese-Canadian solar manufacturer reported a 41% year-over-year increase in total module shipments to 2.2 GW in the first quarter. Revenue grew by 70% to $826 million, while net profit improved significantly from $17.2 million to $110.6 million.
Climeworks just raised $75M to pull CO2 out of the atmosphere
Direct-air capture, along with its mythic sisters, clean coal and carbon capture and sequestration, is a process where CO2 from fossil generators and industrial sources is captured, treated and injected into underground earth formations for permanent storage or for industrial use.
Morning Brief: natural gas company to go solar, Duke receives 2 GW of proposals
Also in the brief: Q Cells and Silfab achieve top performer rating in the 2020 PV Module Reliability Scorecard, Tigo sues APS.
Has the rooftop solar tracking market been created by Point Load Power?
Startup Point Load Power is looking to create the market for rooftop trackers, claiming that the company’s PV Booster, paired with bifacial modules, can generate 70% more energy per panel than ordinary racking.
Cities ‘could generate hundreds of times more solar power than they do today’
While applauding the rooftop solar progress of dozens of cities, a report from Environment Texas offers policy options for further progress. Per capita solar leaders are Honolulu, San Diego, Albuquerque, San Jose and Burlington, Vermont.
Morning brief: Solar on the family farm, LIPA shutting down steam, PG&E emerging from bankruptcy
Also in the brief: product announcements from GAF Energy, REsurety and Point Load Power.
Renewable energy and the free market economy
How the heavy-handed federal government is straying from its free market ideals and slowing down the renewable energy industry. Take FERC’s recent mandated Minimum Offer Price Rule (MOPR) in the PJM market, for example.
A 17.5%-efficient PV tile for building-integrated solar rooftops
Roof Tiles Technology of the U.K. has developed a solar tile with a claimed efficiency of 17.5% and power output of 175 W per square meter. The company’s founder, Antonio Lanzoni, said a PV system featuring the product would cost 25% to 30% more than a standard solar rooftop.
Job moves: Helena Kimball promoted to CEO at Cthulhu-backed solar startup; plus Strata, sPower, KCE, Borrego, Sunpro
Executive and boardroom moves in solar, storage, cleantech, utilities and energy VC.
Permitting utility-scale battery energy storage projects: lessons from California
There are three distinct permitting regimes that apply in developing battery energy storage projects, depending upon the owner, developer, and location of the project.
