The 1.3 GW portfolio of projects are among the first to take advantage of the domestic content adder from the Inflation Reduction Act and are also qualified for the energy community credit adder.

The energy storage provider beat fiscal year guidance for both revenue and adjusted gross profit.

The Clean Energy and Jobs Act includes several bills that include a mandate that utilities sell 100% of electricity generation from emissions-free sources, though environmentalists argue it has opened the door for non-clean sources to participate.

Developers secured $1.3 billion in financing for a project in Utah and over $300 million each for project portfolios in Arkansas and the Dominican Republic.

The funding adds to a $500 million equity investment made in Longroad Energy in 2022.

There are currently about 72,000 solar rooftops in the target region that includes Washington D.C., Northern Virginia and parts of Maryland.

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

“The reality is that without adequate electric grids and processes in place to connect this new wave of electricity supply with demand, it will be hard, if not impossible, to reach our clean energy goals,” writes Jeff Perry of Agilitas Energy.

Hail losses in exceeded $1 billion in the United States in 2021.

With net metering waning in the United States and utilities looking for ways to affordably bolster their electricity networks, the US Department of Energy (DOE) is trying to support virtual power plant (VPP) deployment. Solar industry veteran Jigar Shah, known as the father of the solar power purchase agreement, is now leading the charge at the department’s Loans Programs Office.