Manufacturing

The company’s shares have returned to a level slightly above where they were prior to the August 7 announcement.

The report found over 3,200 employees working at the factory at the end of 2017, and $3.7 billion in invested in the plant.

By double stacking a perovskite-silicon solar cell and using the cell in a glass-on-glass bifacial solar module, scientists model that a 30-36% efficient solar module can be attained.

A report by Technavio suggests the global market for battery materials could grow 9% annually for the next four years. Analysts point to the increasing installation of storage systems with PV as a key driver. pv magazine has covered previous reports predicting significant growth in PV and storage systems.

The IQ8 will allow off grid solar power without the need for energy storage by instantly recognizing local load demands and meeting them with available solar-generated electricity.

While the microinverter maker is still the target of an aggressive short, Roth Capital Partners has reiterated its “buy” at $6.50 per share, describing the IQ8 as a “game changer”.

The PV maker plans to pay off the high-interest mezzanine loan with revenue from its residential lease portfolio.

The Italo-Canadian PV maker is the latest company to announce U.S. manufacturing plans, and will also add 150 MW of back contact module capacity at its Canadian facilities

Elon Musk has revealed that a Saudi sovereign wealth fund has approached him with a definite offer, and has announced advisors as the company forms a special committee.

The energy giant is upgrading its Bad Creek pumped hydro storage facility from 1,000 to 1,300 MW.