Business

After raising $6 million in funding, the team at Myst AI is bringing to market advanced electricity forecasting models that can help electricity companies forecast electricity demand, renewable production and market prices more accurately than ever before.

The summer of battery storage rolls on, with zinc hybrid cathode technology now announcing massive development news.

This pv magazine series, done in collaboration with industry experts, will analyze the challenges and opportunities created by the new generation of 500 W and greater panels.

The company launched today with $12 million in seed funding, boasting advantages over lithium-ion in performance, price, operability in extreme weather and decades of use in the aerospace industry.

Also in the brief: Pennsylvania has its first project using Commercial Property-Assessed Clean Energy financing, Gov. John Bel Edwards of Louisiana has signed two executive orders to reduce greenhouse gas emissions and enhance coastal resilience and more.

“Storage is critical for equity,” says Sunrun CEO Lynn Jurich — and putting more standalone storage on the grid means less electricity going through wires in wildfire-prone areas.

As California’s energy crisis rages, one company has been paying customers handsomely to to power down in times of peak strain on the grid.

The new investment will allow for the financing of more than 10,000 residential solar systems.

On the journey from concept to monetized power plant, renewable/storage projects tend to get tugged toward “zero” margin (from either direction); and the further the rubber band is stretched, the stronger the pull back toward zero.

A new report released by Ernst & Young shows that power and utility deals in the Americas saw huge drops in volume and value due to the Covid-19 pandemic, though commitment to renewable investment remains strong.