Canadian Solar raises $150 million to fund possible acquisitions
The company said it will use the proceeds for its long-term strategic growth plans, including investing in its battery storage business and growing its storage pipeline.
Sunrise brief: Investors are targeting renewables–and hydrogen–like never before
Also on the rise: Solar capacity additions are recovering from a subdued 2020, utilities ask for 50 MW of solar in West Virginia, and Broad Reach gets a $400 million equity commitment.
Energy storage firm Broad Reach gets a $400 million equity infusion
The funding commitment comes as Apollo takes a 50% stake in the company from venture capital firm EnCap Energy.
CSI Solar to cooperate with CATL on battery energy storage
CSI’s parent Canadian Solar said it has a global battery storage pipeline of 21 GWh, including 2.9 GWh under construction.
Sunrise brief: Battery recycling is hot, but lightbulb moments lag
Also on the rise: SunPower will market a VPP offering for energy storage customers, and mPrest CEO Andy Bennett talks with pv magazine about the potential for DER under Build Back Better.
SunPower launches VPP offering for its energy storage customers
The company will manage charging and discharging the batteries, while keeping some electricity in reserve for backup power to the home.
American Battery approved to build battery recycling facility in Nevada
The facility will include a battery recycling building, an office building with laboratories, and a finished goods warehouse.
RFP alert: PS Oklahoma seeks up to 1,350 MW of solar
Battery energy storage capacity may be included, and the solar projects must be sited in Oklahoma.
Sunrise brief: Solar’s share of the generation mix could hit 20% by mid-century, EIA says
Also on the rise: A trade court tossed out a Trump action on bifacial modules, and a real estate giant will use its C&I database to identify sites for rooftop solar and energy storage.
Sunrise brief: Global energy storage market set to hit 1 TWh by 2030, BNEF says
Also on the rise: Rooftop solar fires are a real and growing risk, A-SMACC says it could refile anti-dumping tariff petitions, and five New England colleges now are powered by solar under a novel PPA arrangement.
