Finance

The Florida-based installer of SunPower and Tesla Powerwall systems announced its intent to combine with ESGEN Acquisition Corp., a special purpose acquisition company backed by Energy Spectrum Partners, in a transaction that would result in the combined company becoming a Nasdaq-listed company later this year.

NEXT Energy Technologies received a grant from the California Energy Commission for its organic photovoltaic coating for commercial windows.

The capital raise is expected to support SunPower’s residential solar and storage loan program.

Cannabis prohibition drove a culture of clandestine production in the past and solar helped growers to cultivate it at remote, off-grid sites. Now, as a global commercial cannabis market emerges, solar has an even bigger role to play.

Job moves in solar, storage, cleantech, utilities, and energy transition finance. 

The U.S. Department of Agriculture is offering funding from the Rural Energy for America Program (REAP) to farmers, ranchers and other rural market end users such as tribal organizations to fund $1 million for clean energy projects, and $500,000 for energy efficiency upgrades.

pv magazine USA’s recap of notable upstream solar, integrated solar, finance and rooftop installers that reported fourth quarter or fiscal year earnings over the last week.

The $67 million investment utilizes the Inflation Reduction Act’s (IRA) Qualified Advanced Energy Project Credit program. Once guidance for low- and moderate-income community incentives and domestic content requirements program is finalized, the developer expects to expand its partnership with the tax investor to fund additional projects in underserved and traditional energy communities.  

Oya Renewables secured $27.1 million in loan commitments from City National Bank and Greenprint Capital for the recently completed construction of 24.8 MW of community solar projects in western and northern New York state.

Also on the rise: Silicon anode lithium-ion battery cell with 500 Wh/kg density. BIPV window coating maker seeks DOE loan guarantee. And more.