Sunnova misses on Q3 earnings, posts sunny forecast for 2024
The energy-as-a-service provider had more losses than the expected consensus, but its stock rose based on an optimistic view for 2024.
Sunrise brief: Organic flow battery developer nets $106 million growth investment
Also on the rise: U.S. Airforce embraces e-mobility. Caribbean could become offshore floating solar PV giant. And more.
Organic flow battery developer nets $106 million growth investment
CmBlu received funding to scale its long-duration energy storage systems.
Sunrise brief: Residential solar is getting crushed by high interest rates and regulatory changes
Also on the rise: U.S. Energy Department announces $3.5 billion to shore up electric grid. Briggs & Stratton launches new lithium iron phosphate battery packages. And more.
Annual U.S. clean energy investment grows 37%
Investment grew year-over-year as it reached $213 billion, including $39 billion of investment clean energy manufacturing, according to a report from MIT and Rhodium Group.
Plus Power raises $1.8 billion to advance construction of five energy storage facilities
The transactions will support construction of BESS facilities in the Salt River Project in Arizona as well as in the ERCOT market in Texas.
Global solar industry corporate funding grows 55% year-over-year
Through the first nine months of 2023, $28.9 billion of venture capital, public market, and debt financing was injected into solar, said a report from Mercom Capital Group.
DOE announces $7 billion to kick off seven regional clean hydrogen hubs
The hubs are collectively expected to produce three million metric tons of hydrogen each year; however, some stakeholders shared their skepticism.
Sunrise brief: Perch Energy raises $30M to expand community solar
Also on the rise: Swedish battery manufacturer to open factory in Canada. Growth of solar, wind cuts emissions in global electricity sector. And more.
Perch Energy raises $30M to expand community solar
The investment by Nuveen, one of the largest investment managers in the world, will provide Perch with access to Nuveen’s portfolio of affordable housing units and residential apartments.
