Business

Despite higher earnings in Q3, the company lowered its Q4 22 guidance to $44 million to $49 million, compared to the consensus of $73 million, reflecting recent acquisitions of European assets taken on its balance sheet.

The U.S. Department of Treasury has begun to release guidance on the Prevailing Wage & Apprenticeship language in the Inflation Reduction Act, which goes into effect January 23, 2023.

Puerto Rico’s power grid requires more than $130 billion in repairs after recent hurricanes. Solar and storage companies have provided distributed energy solutions in the aftermath of increasing storms.

Subsidiary CSI Solar, which produces about 10 bifacial and mono solar module models, remains on track to list on the Shanghai Stock Exchange in early 2023.

Also on the rise: Michigan’s regulator appears friendlier to solar. Canadian Solar’s battery business inks a large supply agreement for a global investor. And more.

The listed EV company expanded its partnership with Continental to provide driver assistance, smart key and passive key access, and crash sensors.

Batteries provided by CSI are central to UBS’ energy storage strategy and part of the expansion of its US infrastructure business

Solar Earth claims its 42-Watt sidewalk-mounted PV system can provide 75% of a traffic intersection’s power in an outage, while the utility will have to cover the remainder with batteries or a generator.

Intersect Power expected to be the largest buyer and operator of First Solar technology by 2029.

The company’s first 46 kW solar canopy was recently deployed in Brownsville, NYC, and features a low 4.5% shading factor.