The solar panel manufacturer announced a five-year lease of a factory in Albuquerque, New Mexico.
Company co-founder Peter Carlsson steps down from CEO position at Northvolt in the wake of Chapter 11 announcement in the United States. The Swedish battery maker has embarked on a debt restructuring process and is seeking new sources of funding.
Also on the rise: Silfab secures $100 million to manufacture solar cells in U.S. Enphase releases portable power station. And more.
The solar microinverter provider introduced a 1500 Wh portable battery bank.
Congressmen John Moolenaar and Jared Golden introduced a new bill that aims to halt advanced manufacturing tax credits.
Half of the funding is coming from a $50 million equity investment and the other half from a green loan, which will enable Silfab to scale its solar cell manufacturing plant in South Carolina.
Also on the rise: Final rules on direct pay expands access to clean energy tax credits. Zendure releases pre-sized home solar and energy storage kit. And more.
In response to a complaint filed by Trinasolar US, the ITC intends to determine whether Runergy and Adani illegally infringe Trinasolar’s TOPCon patents.
Also on the rise: Thornova Solar starts solar cell, module production in Indonesia due to changing U.S. market regulations. Intersolar acquires Midwest Solar Expo. And more.
San Jose-based Lyten has acquired lithium metal battery technology company Cuberg from Swedish manufacturer Northvolt, which is battling to reduce costs. Lyten will spend up to $20 million developing a 200 MWh annual capacity of ‘Made in America’ batteries.
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