Customers are willing to pay a premium for a brand name with a strong warranty.
The acquisition is Q Cells’ first energy storage acquisition and marks its move into the U.S. commercial and industrial (C&I) solar-plus-storage market.
Also in the brief: Evergy launches a ‘Sustainability Transformation Plan,’ SOMAH celebrates its first birthday and more.
Also in the brief: Connecticut’s cautious and failed first step on shared solar, and which states are making the most progress on emissions? Not the ones you think.
Evergy Ventures, Arctern Ventures, Shell Ventures, Greycroft, Lerer Hippeau, Box Group, and Falkon Ventures invested in the software and fulfillment platform that helps salespeople sell solar.
Coming off of a strong, profitable first quarter, Enphase is seeing the Q2 results of Covid-19 in compressed revenue and a swing to a quarterly loss. Gross margin remains strong.
Also in the brief: San José Clean Energy and Peninsula Clean Energy have launched a joint request for offers for the purchase of 1 million MWh annually of new, long-term renewable energy.
SolarEdge was able to keep its streak of profitable quarters going — in what was expected to be a hard-hit quarter for solar. The company sees “signs of recovery in the U.S.”
This bankruptcy comes with a political edge — because the startup received $737 million in a U.S. federal loan guarantee as part of the 2009 stimulus package — during the Obama administration.
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