Total will be acquiring 676,000 shares worth about $31 million, according to SEC filings.
Falling battery costs, shifting utility strategies and new PUC policies are drawing fresh entrants and incumbents into an invigorated energy storage sector.
Also in today’s brief: New Hampshire solar wildlife access, Iowa solar compromises
Does the update to California’s solar mandate undermine residential solar and storage, as advocates claim? Or does the new definition of “community solar” provide more choice to builders and low-income homeowners? The answer might be “yes” to both questions.
“First Solar, at its core, is a technology and module manufacturing company,” said Mark Widmar, CEO of First Solar. “Given the significant evolution of developing utility-scale PV projects in the United States, we believe now is an appropriate time to evaluate our options with respect to our U.S. project development business line.”
The leaders in solar module-level power electronics are profitable and making enormous jumps in revenue. All signs point to a strong 2020 for residential solar — which could keep the momentum going.
Also in the morning brief: Maine’s renewable procurement, Scatec Solar’s big South African solar plant, Silfab Solar’s manufacturing expansion in Washington, plus the NABCEP conference is next month.
Yotta has a potential solution for solar-plus-storage in the urban environment. Will the micro-storage startup become the next SolarEdge or Enphase? Or the next JLM energy? And whatever happened to SolPad?
Executive and boardroom moves in solar, storage, cleantech, utilities and venture capital.
A likely profitless 2019 will bring Bloom’s streak to 76 profitless quarters. Its most recent business math error has the firm restating years of earnings.
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