Business

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.

Also in the brief: Powerhome completes a solar installation at Indianapolis Colts HQ, Chevron is making a Series A investment in the three-year-old nuclear fusion startup Zap Energy, more than 200 workers are needed for a solar project being developed in Cherokee, Alabama and more.

As Covid-19 cases surge across the country, SPI moves its October trade show from Las Vegas to virtual. 

When only 8% of the solar workforce is African American, framing the problem in terms of access issues for low-income communities sidesteps the inextricable link between race and energy, advocates say.

Long story short, it’s possible for the U.S. to run 100% on renewable energy. How we get there is the long story.