Sunrise brief: Nextracker acquires solar foundation specialist Ojjo for $119 million
Also on the rise: Arizona’s largest energy storage project closes $513 million in financing. Aiko presents ABC solar module with world record efficiency of 25.2% at Intersolar. And more.
Arizona’s largest energy storage project closes $513 million in financing
The 1,200 MWh Papago Storage project will dispatch enough power to serve 244,000 homes for four hours a day with the e-Storage SolBank high-cycle lithium-ferro-phosphate battery energy storage solution.
A look at what caused U.S. solar stock slump in April
Financial and regulatory uncertainty plus rising module prices are affecting project timelines in the United States and domestic companies must contend with a gray market at home and aggressive pricing abroad. Jesse Pichel, of Roth Capital Partners, explores the key trends in a tough month for U.S. solar stocks.
Princeton NuEnergy scores $30 million in funding for lithium battery recycling
The low-temperature plasma-assisted separation process, developed at Princeton University and now trademarked as LPAS, produces battery-grade cathode and anode materials suitable for direct reintroduction into cell manufacturing.
New York continues long duration energy storage investments with $5M funding initiative
NYSERDA is allocating $5 million to fund up to 50% of project costs for developing energy storage systems capable of operating for 10 to 100 hours, addressing key integration challenges and promoting viable economic products within New York’s energy grid.
Swift Solar closes $27 million in funding, plans perovskite solar factory
Swift Solar, a specialist in perovskite tandem photovoltaics, plans to build a factory in the U.S. in the next two to three years to manufacture thin-film solar.
Startup Giraffe Financial aims to unravel tax credit complexities for businesses
Giraffe received a $1.5 million pre-seed round of funding and plans to help underserved small- and medium-sized businesses access IRA tax credits.
DOE announces $38 million solar supply chain incubator funding opportunity
The funds support research, development and demonstration projects that de-risk solar hardware, manufacturing, and software products.
Sunrise brief: Battery energy storage tariffs tripled; domestic content rules updated
Also on the rise: Bringing lithium-sulfur batteries closer to commercialization. Largest solar project in Wyoming moves forward. And more.
21 states accept the grid modernization challenge
The Federal-State Modern Grid Deployment initiative aims to shore up the U.S. energy grid to prepare for both challenges and opportunities in the power sector.
