Enphase Q2 microinverter revenue down but notes a ‘rebound in customer demand’
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.
A residential vanadium flow battery
Flow battery firms have typically pursued utility-scale storage projects rather than the small-scale residential applications targeted by VoltStorage.
SolarEdge stock jumps on Q2 revenue beat and solid earnings — despite Covid-19
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 invests $8.6 million in startup to develop pre-fab solar arrays
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.
Morning Brief: Duke alleged to violate state law by building gas capacity without approval
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 revenue growth, Quick Mount PV to let 40 employees go and shutter California manufacturing
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.
Amber Solutions is betting big on small tech
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.
SunPower to launch 625 W shingled module
Group spinoff Maxeon Solar Technologies will produce the new Performance 5 modules with bifacial mono-PERC solar cells, made from large format eight-inch G12 wafers. The panels boast an efficiency of 21.2%.
Breaking up the patent monopoly for the benefit of batteries
The patent monopoly is at odds with the global need for battery storage technology and if this norm continues, technology will not be able to be released in time to keep up with current climate goals.
Tesla EVs show profit while solar business hits new lows in revenue and deployment
It was a series of firsts, including a profitable full year and Megapack turning a profit that factored into CEO Elon Musk explaining that he has “never been more optimistic or excited about the future of Tesla.” Austin is confirmed as the site of the next Gigafactory.
