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.
First Citizens Bank put forth the financing for the project, located in Imperial County.
Hitachi Energy will take majority ownership in eks Energy, a power electronics and energy management solutions provider.
The California Public Utilities Commission is set to vote on a virtual net energy metering program that would force renters to sell solar generation to the utility and buy it back at a higher rate, outlawing them from consuming their electricity directly.
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