Finance

Also in the brief: On climate, Kamala Harris has a record and profile for action, Vermont EPC Peck acquires California solar company Sunworks

Over the course of the quarter, HECO experienced a reduction of 9.2% in kWh sales, HELCO 11.7% and MECO 24.5%, demonstrating the precariousness of Maui being so dependent on the constant influx of electricity-consuming visitors.

This week’s big solar roundup has a distinct Texas flavor. The number of large solar projects is increasing in the U.S. — and pv magazine is keeping track.

Outside of a 12-month promotional period where customers don’t have to make payments on the system, Mosaic’s newest offering, PowerSwitch Zero, also includes a contactless sales tool and and installer partnership product.

“Order volumes have increased significantly” and Sunrun expects to grow megawatts deployed by over 20% sequentially in the third quarter.

Investors continue to invest and clean energy entrepreneurs continue to innovate — despite global setbacks. Here are six companies that won a total of $170 million in funding in recent days, ranging across the cleantech spectrum.

Another stalwart of the solar industry was able to take the necessary precautions in order to maintain some sense of normalcy during the pandemic, leading to a quarter of increased sales, net cash and a positive outlook to finish off the year.

While supply chain and manufacturing disruptions will lead to shipping decreases in Q3, the measures that SunPower took prior to Covid’s disruption allowed for a strong quarter, with the company experiencing increases in installations and demand.

Evergy Ventures, Arctern Ventures, Shell Ventures, Greycroft, Lerer Hippeau, Box Group, and Falkon Ventures invested in the software and fulfillment platform that helps salespeople sell solar.

Coming off of a strong, profitable first quarter, Enphase is seeing the Q2 results of Covid-19 in compressed revenue and a swing to a quarterly loss. Gross margin remains strong.