Executive and boardroom moves in solar, storage, cleantech, utilities and energy VC.
Solar developers, including First Solar, believe that a direct cash payments solution could keep solar projects on track and help developers monetize the ITC in the event that tax equity financing dries up.
New data from The Harris Poll and LG show that LG’s solar web traffic, as well as quote requests for residential systems are both trending high since the onset of the Covid-19 pandemic. Now, the issue becomes turning this interest into concrete sales.
“The standard electrical panel has not seen major innovation for nearly a century.”
Also in the brief: Developers pitch 16 GW of solar in coal-fueled Indiana, solar co-ops launch to help Ohioans go solar, plus green hydrogen as post-pandemic energy choice.
Vivint beat estimates with $91.2 million in revenue in Q1, though, like with most other third-party solar companies, that was outweighed by $51.9 million in losses from operations. Installation figures fell during the quarter and are only expected to fall further, as Covid-19 runs its course on residential solar.
It’s solar earnings season and there’s a clear, non-surprising theme: The first quarter was strong and largely unimpacted by the pandemic, but the second quarter and 2020 as a whole is uncertain.
Even though the U.S. market is showing some signs of stabilizing, the decline in installation rates in April alone was 33%.
Enphase Energy’s Q1 revenue exceeded expectations as the company set an all-time gross margin record and announced plans for a new manufacturing location. Enphase stock is up 15%
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