$10 billion in government loans announced for EV companies
The DOE announced a $1.25 billion loan for EVgo to build fast chargers, along with $9.6 billion for Ford and battery manufacturer SK to construct three battery factories.
Basel III Endgame shouldn’t dim the future of renewable energy financing
Tax equity investors can continue providing benefits to developers while simultaneously reducing their risk in the event Basel III Endgame is implemented in its current form.
Camp Pendleton bags $42 million for zinc-ion battery storage
Awarded by California’s Long Duration Energy Storage program, the grant will enable International Electric Power to install six megawatts of storage at one of the country’s busiest installations.
Distributed energy storage provider closes $150 million in financing
Mitsubishi UFJ Financial Group provided the funding to help Convergent Energy and Power advance its energy storage and solar portfolio in North America.
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.
Solar drone inspection software company secures $35 million in funding
Raptor Maps secured the Series C funding, and plans to use it to accelerate product development, including enhancements in solar automation, work management, and machine-learning insights.
Commercial and industrial rooftop solar business secures $847 million
Solar Landscape has secured $847 million in new funding in 2024, paving the way for more than 200 commercial rooftop solar installations.
California Public Utilities Commission kicks community solar deadline to 2026
Kicking the deadline further down the road may put the state in peril of losing the funds, as the EPA, which runs the Solar For All program, requires all awards to begin to be deployed within the first year of grant being effective.
DOE loan guarantee of $305 million for VPP project with novel ice storage
The loan intends to finance Project IceBrick, a virtual power plant consisting of up to 193 cold thermal energy storage installations at commercial buildings across California.
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.
