John Fitzgerald Weaver
Ohm Analytics details a complex distributed solar market
Third-party ownership and California are fueling residential solar growth, as interconnection and the solar coaster are slowing larger projects.
Iowa judge rules solar supports townspeople’s “health and safety”
An Iowa judge dismissed a lawsuit from townspeople opposing a solar power facility, noting that the town’s Comprehensive Plan explicitly promotes renewable energy for the well-being of residents.
California electricity pricing exploded in the last three years, far outpacing inflation
Energy Toolbase’s latest analysis reveals, following six years of stable, inflation-adjusted electricity prices, California’s electricity bills have surged, increasing nearly three times faster than the Consumer Price Index.
“Make it burn” and other lithium-ion first responder guidance
American Clean Power has published a guide for first responders on lithium-ion battery energy storage system emergencies, offering insights based on the 2023 NFPA 855 code revision.
Sunlight Financial struggles for survival
In its recent quarterly earnings report, Sunlight Financial disclosed nearly $550 million in underwater residential solar loans, after which it executed a 20:1 reverse split to bolster their stock price, aiming to maintain it above $1/share to avert delisting.
California utility pays $175,000 settlement for false ‘renewable’ advertising
The Southern California Gas Company has agreed to a settlement of $175,000, without admitting fault, to cease claims that their gas is ‘renewable’. The company will also update its website to clarify that only 5% of its gas comes from renewable sources.
Solar racking company ESDEC eyes $5 billion valuation ahead of planned IPO
Bolstered by private equity and the acquisition of four U.S. manufacturers, ESDEC is seeking further expansion via capital raised from public markets.
NorSun developing 5 GW U.S. solar wafer facility, Meyer Burger in the wings
The experienced Norwegian solar ingot and wafer manufacturer, is advancing plans for the construction of a 5 GW solar wafer factory in the U.S. Meyer Burger has stated that the two companies are communicating heavily on the topic, as the module manufacturer expects further expansion announcements.
Domestic content guidance on solar cells and structural steel
The IRS and Treasury released the first round Domestic Content Bonus Credit Guidance – but the new guidance seems to raise more questions than it answers.
Sunlight Financial challenged to sell $550 million in residential loans
Following the Federal Reserve’s interest rate hikes, the loan products of the residential solar finance company Sunlight Financial are at risk of being sold for a loss. This has led the firm to question its ability to continue operating.
