Also in the brief: Macquarie Group and Siemens AG are forming Calibrant Energy, a venture that will invest in the energy-as-a-service sector in the U.S.
Over the course of this strange year, American residential solar companies such as Sunrun, Vivint, SunPower and Tesla claimed they could weather the Covid storm with remote selling and new online strategies. It turns out they were right. BloombergNEF forecasts that Americans will install 3 gigawatts of solar on residential rooftops in 2020.
The utility is looking to move forward with a new rebate structure worth half the value of net metering, despite regulators’ orders to keep the rate in place until questions about the calculations Ameren is using to justify the new rate can be answered.
Solar advocates appeal to the courts as the state’s utilities and Public Utilities Commission move to cut bill credits to community solar subscribers — and potentially open the door to further reductions.
Also in the brief: David Crane’s SPAC closes its IPO this morning at $230 million, Romeo Systems, a maker of lithium-ion battery packs for EVs is going public via SPAC, FERC OKs CAISO EV charging, storage updates
The Spanish solar tracker builder is hoping to debut on the stock markets of Madrid, Barcelona, Bilbao and Valencia this year. American solar tracker company Array Technologies has also filed to go public.
150 MW of capacity are available for development in 2021, with at least 40% of all approved projects required to reserve at least 51% of their capacity to serve low- and middle-income households.
Researchers in the UK have analyzed 25 years of electricity-production and carbon emissions data from 123 countries. Their findings show renewables are considerably more effective than nuclear in reducing carbon emissions from energy generation and that the two technologies tend to get in each other’s way when considered in a joint approach.
The iron and steel sector is the “world’s largest industrial source of climate pollution.” This steel mill in Pueblo, Colorado will be the first in North America to rely on solar power.
Also in the brief: Even after a report stated the company is a fraud, a reported SEC investigation and the resignation of its founder, some traders continue to buy Nikola shares. Plus the Utah solar residential solar struggle continues — there’s a public comments session today.
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