Longroad Energy installing U.S.-made First Solar modules in Arizona solar-plus-storage plant
The 220 MWdc solar and 214 MWac / 855 MWh Serrano solar-plus-storage project will also feature Powin’s BESS, Sungrow inverters, and Nextracker trackers.
Decarbonized aviation attracts venture capital
Since 2016, some $2.4 billion worth of venture capital flowed to companies developing electric aviation and other air travel decarbonization technologies with a strong start in investment volume in 2024, according to Dealroom.co, a Dutch data and intelligence firm.
Solar profits drying up
The Invesco Solar exchange-traded fund (ETF) under-performed the S&P 500 and Dow Jones Industrial Average (DJIA) stock indexes in January 2024. Jesse Pichel, a managing director at Roth Capital Partners, attributes this to logistics and apparent cashflow problems for some solar companies.
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.
