SolarEdge stock jumps as the company announces more layoffs
SolarEdge Technologies plans to lay off 400 employees globally, its fourth job-cut announcement in the past year. Recent safe harbor agreements and 45X credit sales may help the company on its path to recovery.
Sunrise brief: REC Silicon shuts down polysilicon operations in Moses Lake
Also on the rise: Predictions for the solar energy landscape in 2025. Samsung launches monobloc air-to-water heat pumps. And more.
REC Silicon shuts down polysilicon operations in Moses Lake
The reason given for the shutdown is the inability to “improve the level of some key impurities,” and would not be able to deliver a quality product in the time demanded by the company’s main customer.
Excelsior to source U.S.-made energy storage from LG Energy Solution Vertech
A new multiyear agreement will provide 7.5 GWh of fully-integrated lithium-ion energy storage, expected to qualify for the domestic content bonus.
Massachusetts city sources solar power from Illinois
The electrons won’t be delivered across state lines, but the City of Cambridge will match its electricity use with a virtual power purchase agreement from a solar project in Champaign County, Illinois.
People on the move: Arevon Energy, GS Power Partners and more
Job moves in solar, storage, cleantech, utilities and energy transition finance.
Sunrise brief: CPUC kicks community solar deadline to 2026
Also on the rise: The future of U.S. solar in five charts. Commercial and industrial rooftop solar business secures $847 million. And more.
People on the move: BrightNight, Nevados, LPL Solar and more
Job moves in solar, storage, cleantech, utilities and energy transition finance.
Canadian Solar posts Q3 net loss, falls short on revenue
The solar panel manufacturer and energy storage provider posted revenues of $1.51 billion and a net loss of $14 million.
People on the move: Array Technologies, Cypress Creek and pv magazine USA
Job moves in solar, storage, cleantech, utilities and energy transition finance.
