The U.S.-based thin-film solar panel manufacturer raised its expectations for 2023 as its order backlog grows.
Curtailment, or deliberately reducing output, rises as solar generation exceeds available transmission capacity.
Majority holder Flex plans to spin off its remaining interests in Nextracker. Plus, the company raised its earnings guidance for 2024.
The company will invest $800 million to open the manufacturing plant.
The company announced the North American launch of its inverter, which is designed for commercial and industrial installations.
U.S. revenues dropped 16% from the previous quarter while European sales fell 34%.
The lithium-ferro-phosphate battery cell factory will provide an estimated 1,000 jobs to the Tucson, Arizona area.
The energy-as-a-service provider had more losses than the expected consensus, but its stock rose based on an optimistic view for 2024.
CmBlu received funding to scale its long-duration energy storage systems.
Sandia National Laboratories and CSolPower are researching the use of landscaping gravel as a thermal energy storage medium.
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