Energy storage manufacturer NeoVolta phase one approved for $250 million DOE loan
The company will now enter a technical due diligence phase.
Sunrise brief: Utility-scale solar tracker provider FTC Solar posts loss in Q3 earnings
Also on the rise: U.S. solar industry association at COP29. $110 million secured for 300 MWh battery project in California. And more.
Utility-scale solar tracker provider FTC Solar posts loss in Q3 earnings
The company posted a loss of $0.10 per share, narrowly missing Wall Street estimates.
Two Wisconsin solar projects financed through asset purchase agreement
The two sites, Good Oak and Gristmill, will be built by OneEnergy Renewables with handover to We Energies, Wisconsin Public Service Corporation and Madison Gas and Electric Company at commercial operations.
Battery recycler wins $475M loan from Department of Energy
The loan will support Li-Cycle in further advancing a lithium-ion battery recycling facility in Rochester, in New York state, which may then become a source of battery materials.
SolarEdge posts $1.21 billion net loss in Q3
SolarEdge reported $260.9 million in revenue for the third quarter of 2024, down from $725.3 million in the same quarter last year. The Israeli manufacturer also posted an operating loss of more than $1 billion, with 850 MW of inverters and 189 MWh of batteries shipped for PV applications.
Renewable microgrid projects in remote and tribal communities to receive federal support
A federal partnership program will offer financial and technical assistance to remote and tribal communities that are at any stage of microgrid planning or development.
Sunrise brief: Grandpa’s grid is not built to supply consumers what they need
Also on the rise: Utility-scale solar additions hit 46.8 GW since start of 2023. Primergy closes $225 million in financing for solar-plus-storage portfolio. And more.
Primergy closes $225 million in financing for solar-plus-storage portfolio
The financing includes a $125 million tax credit sale for Gemini, one of the largest solar-plus-storage facilities operating in the U.S.
Solar tracker manufacturer Nextracker reports 29% year-on-year growth
The U.S. manufacturer of sun-tracking solar mounts posted $1.35 billion in revenue for the first half of fiscal year 2025.
