Morning Brief: First long-duration energy storage procurement, EDFR and Geenex close on 4.5 GW PV pipeline
Also in the brief: Scatec Solar to buy state-owned hydropower firm SN Power in a $1.17 billion deal, Panasonic Solar and Service Finance Company rolled out a new home energy storage financing program.
Solar racking companies are getting acquired in a consolidating market: Who’s next?
The solar racking market has quiet revenues of billions of dollars and continues to consolidate — driven by equity firms such as Esdec and Tenex. The market segment has become a small hotbed of M&A. Who’s next?
Swinerton was the lead solar EPC contractor in the US last year
IHS Markit: At 10% market share, Swinerton Renewable Energy maintained its position as the preferred EPC contractor in the U.S. First Solar and Cypress Creek intend on exiting the EPC segment, creating opportunities for established local EPCs and the emerging group of international firms eyeing the growing U.S. utility-scale market.
Total and Google Cloud develop tool to predict rooftop PV potential
The Solar Mapper uses artificial intelligence algorithms that compile data extracted from satellite images. It can estimate solar site potential and indicate the best technology for the site.
Morning Brief: Ameren Illinois chairman, ‘Our position on net metering credits has not changed’
Also in the brief: Nefarious deeds at the DOE — blocking yet another study favorable to renewables. The North American Energy Resilience Model joins the Seams study as a victims of agency bias.
New York Power Authority, environmental groups explore ways to replace gas peakers with cleaner technology
In a report this May, the PEAK Coalition said that New York City’s gas peaker plants are “perhaps the most egregious energy-related example of what environmental injustice means today.”
Array Technologies’ share price up 65% on first day as a public company
The IPO priced at $22, above the top of the anticipated range of $19 to $21 — valuing the solar firm at about $2.8 billion.
Checking in on Akon lighting Africa
Musician Akon has provided 14 African nations with solar-powered electricity via street lamps and solar panels as part of “Akon Lighting Africa,” a project aimed at providing the continent of Africa with low-cost, sustainable electricity.
Morning Brief: Home Depot and Enel signa power contract, National Grid rebrands its renewable arm
Also in the brief: CollectiveSun raises $4 million for San Diego nonprofits to go solar, EDP has closed on a power contract for 100 MW of solar generated by two projects in Ohio and more.
Fluence acquires Advanced Microgrid Solutions, in bid to help customers monetize storage, renewable assets
“Storage is the first truly digital asset that you can put on the electric network. That means the smarter we are with digital, the better job we can do powering the electric network,” Brett Galura, CTO at Fluence said, declining to disclose the acquisition’s price tag.
