Tesla taps LG Energy for $4.3 billion energy storage deal
Tesla has selected LG Energy Solution (LGES) to supply lithium iron phosphate (LFP) batteries for its US energy storage products in a deal reportedly worth $4.3 billion, according to South Korean media.
Tesla Energy has quietly become the company’s most profitable division
After years of negative margins, Tesla’s energy division is now a key driver of profitability. So far in 2025, the division has contributed 23% of Tesla’s total profit while accounting for just 13% of revenue, boosting the company’s overall profitability by nearly 2 percentage points.
People on the move: Fullmark, IREC and the job of the week
Job moves in solar, storage, cleantech, utilities and energy transition finance.
Nextracker beats Q2 revenue estimates, expands into robotics and AI
The solar tracker manufacturer invested over $400 million to acquire three robotics technologies.
Solar installers must educate homeowners on impact of OBBB, survey finds
In addition to educating potential customers on going solar, Aurora Solar’s CEO advises that installers must cut soft costs, adjust sales strategies and prioritize transparency.
Investments in community solar continue despite federal headwinds
A $275 million tax equity investment will go toward between 25 and 30 community solar projects across five states.
Solar project updates: EDP Renewables, Engie, Exus Renewables and more
Solar project milestones and portfolio finance updates for projects small and large on both sides of the meter across the United States.
People on the move: Deriva Energy, GroundWork Renewables, Nature Conservancy
Job moves in solar, storage, cleantech, utilities and energy transition finance. And the job of the week.
Solar developer announces job cuts after sped-up ITC phaseout
Renewable-energy development company formed from a unit of the former Borrego Solar outlines a strong financial foundation but also job curtailments needed to preserve financial strength.
Solar developer secures $260 million for 94 MW facility in Kentucky
Recurrent Energy closed project financing for Blue Moon Solar, a solar power plant currently under construction.
