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Finance

First Solar plans to double manufacturing capacity by 2026

The U.S.-based solar panel manufacturer issued strong 2024 revenue expectations in its Q4 earnings report.

California solar and storage project secures $1.1 billion

Arevon Energy secured the funds for a 374 MW solar project with co-located energy storage.

Nova Scotia launches heat pump initiative

Partnering with Canada’s Oil to Heat Pump Affordability program will enable LMI households to receive funding to cover the full cost of switching to a heat pump.

Decarbonized industrial thermal battery startup raises $150 million

Heavy industry contributes approximately 30% of the world’s emissions. Antora Energy’s thermal batteries seek to address that problem for high-heat processes.

Investment opportunities in Africa’s clean energy transition 

Leaders from over 15 African countries will meet with U.S. stakeholders to discuss how to ensure the continued, equitable growth of renewable energy projects in each country.

Tax credit transferability attracting billions to grid-scale solar and batteries

Three recent transactions of $300-million-plus demonstrate the healthy appetite for utility-scale solar and energy storage investment.

Ascend Elements raises additional $162 million for Kentucky battery recycling facility 

Ascend Elements has raised a total of $1.2 billion toward construction of its Apex 1 facility, said to be the first factory in North America to recycle cathode precursor and cathode active materials for electric vehicle battery use. 

Reducing cost of residential solar financing with virtual power plants

Solrite Energy says its new power purchase agreement has more agreeable finance terms due to the ability of distributed solar-plus-storage to make money as part of a virtual power plant.

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Puerto Rico program to bring low-cost solar and batteries to 30,000 households 

Applications open February 22 for the DOE’s Solar Access Program for eligible single family homeowners in Puerto Rico.

Connecticut Green Bank allocates $100 million toward solar and storage projects

The funds will help facilitate the development of renewable energy infrastructure for municipalities, the commercial sector and the state. 

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