GM expands its electric vehicle investment and plans more U.S. battery manufacturing capacity
The automaker said it is accelerating plans for two new battery cell plants in the United States to complement the Ultium Cells LLC plants under construction in Tennessee and Ohio.
People on the move: Lafayette Square, Nexamp, Connecticut Green Bank, and more
Job moves in solar, storage, cleantech, utilities, and energy transition finance.
Sunrise brief: Renewable energy consumption grew in 2020 as fossil fuels and nuclear shrank
Also on the rise: Black & Veatch unit sets financing for 137 MW Texas project, Rockefeller Foundation partners to fund distributed renewable projects in Africa, and DroneBase closes a funding round as it expands its solar presence.
Tax equity stress isn’t going away, yet renewable projects still need investment
Renewable project finance has to become more dynamic and greater risks will have to be taken in order to meet clean economy mandates, a panel of experts said during an ACORE event.
ACORE insight: The federal agenda for energy and climate
As part of ACORE’s Finance Forums, experts on federal energy policy outlined what policies are needed to help drive the Biden Administration’s clean energy and climate change policies.
Department of Energy announces $200 million in new funding for batteries and EVs
The funds support DOE national lab efforts and create partnerships in batteries, electric vehicles, connected vehicles, and will span five years.
Unifrax plans manufacturing line for lithium-ion battery technology
The global manufacturer of specialty materials announced plans to build its first silicon fiber anode production line for lithium-ion battery improvement.
Sunrise brief: U.S. solar industry passes 100 GW of installed capacity, SEIA report says
Also on the rise: Stem and CleanCapital extend their business ties and eye C&I energy storage, Heliogen raises $108 million from industrial heavyweights for its CSP refinery, and Ameresco will deploy a solar array at Cannon AFB.
Supply chain constraints are starting to hit the solar industry, SEIA says
A Q1 market report said the biggest impact has been on utility-scale projects, with some developers trying to rework PPAs. It warned that “compounding cost increases across all materials are just beginning to affect installers.”
CI Renewables acquires KDC Solar
CI will continue continue KDC Solar’s operations, with the specific focus of providing clean energy solutions for companies and institutions with electric loads greater than 2 MW.
