Solar becomes top source of electricity in California
Over the past 12 months, solar power has become California’s largest source of electricity, a trend likely to continue.
Tesla deploys 9.6 GWh of batteries in Q2, 10 GWh Nevada cell factory ‘nears completion’
The electric vehicle company reported flat energy storage growth quarter over quarter but nearly 50% growth year to date compared with 2024. Tesla has deployed 37.9 GWh over the past four quarters and is approaching 100 GWh total deployed.
Senate seeks to tax the very idea of solar power
The latest version of the Reconciliation Bill includes a 30% excise tax on solar projects if its components or intellectual property originate from entities linked to foreign adversaries—even if those projects don’t claim tax credits.
Solar surpasses 10% of U.S. electrical generation for a full month for the first time
In April, solar photovoltaics accounted for 10.64% of all electricity generation, according to the EIA. Combined with wind, the two sources neared 25%, while carbon-free electricity edged above 49%.
Sunnova solar assets stable, paying interest, while bankruptcy continues
Bond analyst KBRA, which has rated $6 billion of solar-backed securities issued by the recently bankrupt Sunnova, is maintaining its ratings and says the loan and lease packages remain stable investments, independent of the reorganizing company.
Batteries are stabilizing the Texas power grid
A study by North American Electric Reliability Corporation found that ultra-fast response times of batteries help to stabilize the grid better than slower thermal sources.
Interconnection shake-out: 160 GW of solar advances as 12% of projects bow out
About one-sixth of queued solar capacity now holds signed interconnection agreements, signaling real progress even as developers pull more than 130 GW of projects amid tightening interconnection rules.
RFP alert: Massachusetts takes steps toward 40 GWh of energy storage
The Commonwealth issued a draft request for proposals of 1.5 GW of batteries with storage durations of 4 to 10 hours, primarily funded through the state’s Clean Peak Standard. The procurement is part of a broader effort to procure 5 GW of energy storage by 2030.
Political resolve, geothermal risk and global capital & perspective: ACORE Finance Forum
With political uncertainty still looming over U.S. clean energy policy, globally experienced industry leaders at the ACORE Finance Forum shifted their focus to execution. From gigawatt-scale deployment to geothermal innovation, panelists highlighted strategies for navigating disruption without losing momentum.
Political instability and optimism collide at ACORE Finance Forum
Financing challenges, manufacturing uncertainty, and soaring data center demand dominated day one of the ACORE Finance Forum, but the biggest concern was political: proposed changes to the Inflation Reduction Act, described by one speaker as a potential “self-goal,” cast a shadow over an otherwise optimistic outlook for clean energy investment.
