Renewable energy merger and acquisition opportunities for 2024
FTI Consulting said incentives in the Inflation Reduction Act could cause a “seismic shift” on the U.S. economy as a whole over the next 12 to 24 months.
Primergy secures $588 million for 408 MW solar project in Texas
Microsoft entered a power purchase agreement for 100% of the plant’s production.
DOE announces $9.5 million award for Iowa’s first microgrid project
The Montezuma project with a 3 MW solar installation and a battery energy storage system is expected to lower energy costs for residents by as much as 18% and to reduce transmission costs for the utility by 34%
First Solar plans to double manufacturing capacity by 2026
The U.S.-based solar panel manufacturer issued strong 2024 revenue expectations in its Q4 earnings report.
California solar and storage project secures $1.1 billion
Arevon Energy secured the funds for a 374 MW solar project with co-located energy storage.
Nova Scotia launches heat pump initiative
Partnering with Canada’s Oil to Heat Pump Affordability program will enable LMI households to receive funding to cover the full cost of switching to a heat pump.
Decarbonized industrial thermal battery startup raises $150 million
Heavy industry contributes approximately 30% of the world’s emissions. Antora Energy’s thermal batteries seek to address that problem for high-heat processes.
Investment opportunities in Africa’s clean energy transition
Leaders from over 15 African countries will meet with U.S. stakeholders to discuss how to ensure the continued, equitable growth of renewable energy projects in each country.
Tax credit transferability attracting billions to grid-scale solar and batteries
Three recent transactions of $300-million-plus demonstrate the healthy appetite for utility-scale solar and energy storage investment.
Ascend Elements raises additional $162 million for Kentucky battery recycling facility
Ascend Elements has raised a total of $1.2 billion toward construction of its Apex 1 facility, said to be the first factory in North America to recycle cathode precursor and cathode active materials for electric vehicle battery use.
