The transaction, for which Shell did not reveal the purchase price, will see the energy company pick up a U.S. project development pipeline that reportedly runs to more than 18 GW of solar generation and energy storage capacity across 26 states.
The project aims to advance the U.S. as a leader in LH2-based international supply chain development and facilitate the commercialization of both blue and green hydrogen export opportunities.
Also starting up: ROSI recycles at multiple stages of PV lifecycle, and Comcast Ventures leads a funding round for a provider of AI-powered home energy improvements.
The two energy giants have announced their intent to pivot away from fossil fuel generating assets and expand their renewable footprints.
Glasspoint received more than $130M in VC from Oman’s sovereign wealth fund, along with the venture arm of Royal Dutch Shell. The plan was to use concentrated solar arrays housed in glass greenhouses to produce steam at gigawatt scale instead of natural gas for EOR.
Executive, career and boardroom moves in solar, storage, cleantech, utilities and energy VC.
Total acquired 50% of India’s Adani Group’s solar portfolio for $510m and Shell is building its first large-scale solar farm, a 120-MW effort in Australia.
Hello wonderful people and welcome to your Thursday pvMB. today we’ve got Savion’s 8 GW project pipeline, Mrs. Butterworth going solar, 3 MW coming to Virginia schools from Standard Solar and more!
Welcome to a Veterans Day edition of the pvMB where we’ll be looking at Sungrow becoming the largest string and central inverter supplier in the United States, the choice of 8minute Solar Energy to construct Eland, and a big sPower project in Arizona.
In May, oil giant Shell invested in battery maker sonnen. Now the 112-year-old company wants to fully acquire the business.
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