Nextracker announces split from majority holder, raises 2024 earnings outlook
Majority holder Flex plans to spin off its remaining interests in Nextracker. Plus, the company raised its earnings guidance for 2024.
Sunlight Financial files bankruptcy, acquired by industry consortium
Sunlight Financial, whose stock price has plummeted amid accumulating more than $500 million in underwater loans, has been acquired by a consortium led by Greenbacker Capital Management, Sunstone Credit, IGS Ventures.
Sunrise brief: Advancing iron and salt batteries with $8 million in seed funding
Also on the rise: Enphase stock slides on weakened demand, significantly lowered Q4 guidance. DOE requests input on draft roadmap to fix utility-scale interconnection. And more.
Enphase stock slides on weakened demand, significantly lowered Q4 guidance
U.S. revenues dropped 16% from the previous quarter while European sales fell 34%.
Advancing iron and salt batteries with $8 million in seed funding
Inlyte Energy moves forward in development of a nearly 50-year old battery technology with ARPA-A award, recent acquisition of Beta Research and new funding by At One Ventures.
Sunnova misses on Q3 earnings, posts sunny forecast for 2024
The energy-as-a-service provider had more losses than the expected consensus, but its stock rose based on an optimistic view for 2024.
Sunrise brief: Organic flow battery developer nets $106 million growth investment
Also on the rise: U.S. Airforce embraces e-mobility. Caribbean could become offshore floating solar PV giant. And more.
Organic flow battery developer nets $106 million growth investment
CmBlu received funding to scale its long-duration energy storage systems.
Sunrise brief: Residential solar is getting crushed by high interest rates and regulatory changes
Also on the rise: U.S. Energy Department announces $3.5 billion to shore up electric grid. Briggs & Stratton launches new lithium iron phosphate battery packages. And more.
Annual U.S. clean energy investment grows 37%
Investment grew year-over-year as it reached $213 billion, including $39 billion of investment clean energy manufacturing, according to a report from MIT and Rhodium Group.
