Sunrise brief: Solar represents over 80% of U.S. electric capacity additions in 2024


Startup Giraffe Financial aims to unravel tax credit complexities for businesses Giraffe received a $1.5 million pre-seed round of funding and plans to help underserved small- and medium-sized businesses access IRA tax credits.

CATL, Gotion deny U.S. accusations of forced labor U.S. lawmakers have urged for Chinese battery heavyweights CATL and Gotion High-Tech to be immediately added to an import ban list under the Uyghur Forced Labor Prevention Act. Both manufacturers have adamantly denied the allegations.

Bitech Technologies sells 2.4 GW of solar to focus on energy storage Bitech completed the sale of 2.425 GW of its greenfield solar projects to “a third party purchaser”. The company plans to turn its focus to its battery storage business, which it believes, could ensure better investment returns.

Hawaii’s largest solar-plus-storage facility now operational The 60 MW Kūihelani solar-plus-storage facility will generate enough electricity for 27,000 homes, with a 240 MWh battery energy storage system.

Solar represents over 80% of U.S. electric capacity additions in 2024 Combined with wind, the two technologies represent 99% of all capacity additions, according to data from the Federal Energy Regulatory Commission (FERC).

Maxeon reveals minimized risk of hotspots in IBC solar panels Maxeon’s Interdigitated Back Contact (IBC) solar panels were found to disperse heat evenly, leading to lower operating temperatures in the shade and reduced degradation.

Swift Solar closes $27 million in funding, plans perovskite solar factory Swift Solar, a specialist in perovskite tandem photovoltaics, plans to build a factory in the U.S. in the next two to three years to manufacture thin-film solar.

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