Coming off of a strong, profitable first quarter, Enphase is seeing the Q2 results of Covid-19 in compressed revenue and a swing to a quarterly loss. Gross margin remains strong.
SolarEdge was able to keep its streak of profitable quarters going — in what was expected to be a hard-hit quarter for solar. The company sees “signs of recovery in the U.S.”
AES, one of the world’s largest power companies, has made a strategic investment in Sydney-based pre-fabricated solar array manufacturer 5B to meet the growing needs of its customers for solar.
Also in the brief: General Electric is selling its investment in 11 of its startups to 40 North Ventures, power lines are key to New Mexico becoming a renewable leader.
Despite strong revenue growth in the U.S., the racking company is abandoning its U.S. manufacturing (and rhetoric) to “create a globally diversified supply chain.” Quick Mount was acquired by Netherlands-based Esdec last year in a roll-up of U.S. racking companies.
In pursuit of “disrupting the global electrical and powered products industries” Amber Solutions has developed a solid-state AC/DC enabler, as well as an AC switch, which the company claims allows for greater reliability and control than anything like it before.
Executive, career and boardroom moves in solar, storage, cleantech, utilities and energy VC.
In the U.S., this year alone, there have been ten weather/climate disaster events with losses exceeding $1 billion each, according to the National Oceanic and Atmospheric Administration.
While solar modules are often defined first and foremost by their capacity, higher module capacity doesn’t necessarily translate to a more efficient system, or even a longer-term yield. Understanding this and reflecting this idea onto customers can be key to delivering the right technology.
The PV inverter market achieved record shipments in 2019, writes IHS Markit’s Miguel de Jesus, driven by booming shipments in key markets such as the United States, Spain, Latin America, Ukraine and Vietnam. Revenue rose rapidly, surpassing the $9 billion mark in 2019 for the first time.
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