U.S. Department of Energy backs solar with further $46 million for SunShot Initiative
The funding is for 48 identified solar projects spanning two SunShot programs designed to advance solar power technologies in the U.S.
SolarWorld Americas receives $6m cash lifeline
The U.S. arm of the troubled solar power company can expect to receive a $6 million infusion of cash from its lenders, which have also permitted the sale of non-operational assets.
Tesla, Neoen to build world’s largest lithium-ion battery in Australia
The installation will be paired with a wind farm in South Australia. At 129 MWh, it will become the world’s largest lithium ion battery project, and is being developed in conjunction with French renewable energy firm Neoen.
G20 nations dragging their heels on low-carbon transition, reports find
Study from Climate Transparency shows that while green finance among G20 nations has been stepped up, legacy commitments to fossil fuels mean countries will miss “well below 2 degree” warming limit set at Paris Agreement. Fossil fuel spending still four times higher than renewable spending, Oil Change International report also finds.
Great Recession-level economic losses could become reality if climate change left unchecked, research shows
Inequality will widen with many poorer parts of the US on course to see their income reduced by 20% if climate change continues to accelerate.
Buzz Lightyear: first solar-powered family car hits the market
The Lightyear One, developed by Dutch startup Lightyear, is now available for general sale at a retail price of €119,000. Company hopes to secure 200 orders by end of year.
Energy storage is already cost-competitive in the C&I sector
Cheaper battery prices sees storage playing a broader role in energy markets, particularly for commercial customers seeking to reduce peak consumption, according to research from McKinsey.
Parcel delivery giant UPS announces 25% clean energy target by 2025
Global firm commits to cut emissions from ground fleet by 12% by same date, and targets one in four of all vehicle purchases to be electric or hybrid by 2020.
Enphase Energy signs license agreement with manufacturing partner Flextronics
Deal sees the U.S. microinverter specialist license its marketing, sales and manufacturing rights to Flextronics, one of the world’s largest global electronics manufacturers and a longstanding partner of Enphase.
Apple takes another bite out of Climate Change with 2nd billion-dollar green bond
The tech giant’s latest investment in tackling climate change follows last year’s $1.5 billion green bond sale. Proceeds from this latest bond will be earmarked for eco-friendly projects, with solar at the forefront.
