Also on the rise: First Solar joins Enphase and SolarEdge on the S&P 500 Index. A solar-powered camper boat. And more.
New headquarters will help onshore advanced silicon anode materials for U.S. battery supply chain.
The battery Gigafactory will bring 300 initial full-time jobs, scaling up to 1,000 cumulative jobs over time.
The 15-year old solar inverter and electronics company will have a $600 million pre-money equity valuation when it goes public by Q2, 2023.
With initial output anticipated in late 2024, production at the KOREPlex gigafactory in Arizona is expected to double to 12 GWh of lithium-ion battery cells produced to meet expected market demand in energy storage and electric mobility applications.
Powin is expected to install battery systems over the next few years with SMA’s power inverters and other solutions.
Bill Gates-backed Rondo Energy released the “brick toaster” heat battery, a unit that stores renewable energy and dispatches heat and electricity for processes in steel, cement, chemical manufacturing, and more.
Puerto Rico’s power grid requires more than $130 billion in repairs after recent hurricanes. Solar and storage companies have provided distributed energy solutions in the aftermath of increasing storms.
Also on the rise: Michigan’s regulator appears friendlier to solar. Canadian Solar’s battery business inks a large supply agreement for a global investor. And more.
The listed EV company expanded its partnership with Continental to provide driver assistance, smart key and passive key access, and crash sensors.
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