Also on the rise: Solar and wind powered boat’s final voyage across the sea. Active Surfaces raises $5.6 million to develop ‘solar 2.0’. And more.
Active Surfaces is developing lightweight, flexible solar panels that can be integrated into virtually any surface and manufactured using a printed, roll-to-roll process.
Sunnova Energy International, a residential solar, storage, and adaptive services company, announced declining revenues and an increased focus on cash generation in its Q1 2024 earnings report.
Stem Inc, an AI-driven software provider for clean energy solutions, posted a 62% slide in revenues year-over-year while net losses grew.
The U.S.-headquartered solar panel manufacturer delivered revenues of $794 million, beating consensus estimates by about 10%.
The Green Bank for Rural America will support community lenders in Appalachian communities to finance climate-supporting projects including distributed solar and storage. The bank and four others received a total of $6 billion in federal awards.
The Attorney General claims these companies misled consumers about residential solar pricing, concealing inflated fees behind the federal tax credit and long-term contracts with low interest rates.
Also on the rise: Anker home energy storage system now available in North America. Nextracker cuts solar tracker carbon by 35% with recycled steel and electric furnaces. And more.
Preliminary reports from the Coalition for Green Capital say investment in clean energy projects and technologies increased 52% over 2022.
A report from Wood Mackenzie examines how the global shift to heightened interest rates to combat inflation is squeezing the energy transition.
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