Sunrise brief: Virtual power plants could save utilities up to $35 billion by 2033 


Virtual power plants could save utilities up to $35 billion by 2033  The Brattle Group compares the net cost of providing 400 MW of resource adequacy from three resource types: a natural gas peaker, a grid-interconnected battery system, and a VPP composed of residential demand flexibility technologies.

People on the move: Morningstar, SolarEdge, RWE Clean Energy and more Job moves in solar, storage, cleantech, utilities and energy transition finance. 

Ikea bets on Meyer Burger’s heterojunction solar modules  Between 2025 and 2029, the investment company of the Swedish furniture group will purchase solar modules produced in the U.S. by the Swiss photovoltaic manufacturer. The agreement is the basis for Meyer Burger to increase annual production capacity at its Arizona site to around 2 GW.

HVAC, lighting and solar integrator raises Series E round  The add-on funding brings the energy services company’s cumulative Series E round to $250 million, and represents a significant step towards expanding Redaptive’s offerings and procuring new customers, the company said.

Commercial Solar Guy sells 101 MW New York portfolio, seeks additional 60 acres  The solar developer is also seeking another 16 MW of solar, mostly in the NYSEG power company region, to fill out the portfolio.

Solar assets are underperforming expectations by 8%, what is the root cause?  kWh Analytics says that finding the root cause of the underperformance through forensic analysis can help mitigate losses.

50 states of solar incentives: Utah  More large-scale solar is likely on the way for Utah, as the Federal Energy Act of 2020 aims to deploy 25 GW of solar, wind, and geothermal production on public lands no later than 2025. One of the first land areas that was vetted for this development is in Utah

SunPower secures $550 million loan purchase commitment Private equity firm KKR committed to purchasing loans made to SunPower customers.

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