Sunrise brief: DOE aims to expand community solar by 700% in four years
Also on the rise: Under new ownership, a Norwegian module maker could add 1 GW of U.S. capacity; Sunrun add $1 billion to a finance facility; and a natural gas-friendly renewable energy bill passes in North Carolina.
Reliance Industries acquires REC Group, plans 1 GW U.S. module facility
The move comes as Reliance pushes forward with its $10 billion plan to expand in the renewable energy industry.
Controversial renewable bill passes North Carolina Legislature
The bill’s long-term commitments reduced oversight for Duke Energy outweigh the renewable capacity increases and coal retirements it promises, according to those against it.
Sunrun boosts its financing pot by $1 billion
The non-recourse lending facility serves as a warehouse facility to temporarily finance solar assets prior to arranging long term financings.
Convergent acquires 5 MW/20 MWh energy storage project in NYC
The system would be connected to the ConEdison grid as a distributed generation asset, and could come online in 2022.
Green hydrogen MOU signed by Intersect Power and Electric Hydrogen
The collaboration will focus on pairing and integrating renewable power with Electric Hydrogen’s electrolysis system.
Iron flow battery tech shows promise for mid-duration energy storage
The ESS battery systems have a prescribed design life of 25 years, but the battery modules, electrolyte, plumbing, and other components may well last for decades longer with proper maintenance.
DOE wants to power 5 million homes with community solar by 2025
the goal represents a 700% increase in installed community solar capacity and comes with the tandem goal of creating $1 billion in energy bill savings.
Scaling up distributed solar and storage could save ratepayers $109b by 2030
A report found that the U.S. must deploy a minimum of 103 GW of distributed solar and 137 GW of distributed energy storage by 2030 to achieve climate and equity goals at the lowest cost.
Alliant Energy completes its first community solar installation
The 1 MW installation is set to provide power to up to 1,000 customers, with more projects planned for Wisconsin and Iowa.
