Plug Power’s $1.6 billion loan guarantee for clean hydrogen facilities
The Department of Energy’s Loan Programs Office announced a conditional commitment for loan guarantee to help finance construction of up to six facilities across several U.S. states to produce clean hydrogen using Plug Power’s own electrolyzer technology.
Catalyze secures $100 million to support 79 MW New York solar portfolio
The funding comes from NY Green Bank, which is requiring that a significant percentage of solar project subscribers benefit disadvantaged communities.
Sunrise brief: Opposition stymies solar – sometimes
Also on the rise: Solar and wind powered boat’s final voyage across the sea. Active Surfaces raises $5.6 million to develop ‘solar 2.0’. And more.
Active Surfaces raises $5.6 million to develop ‘solar 2.0’
Active Surfaces is developing lightweight, flexible solar panels that can be integrated into virtually any surface and manufactured using a printed, roll-to-roll process.
Sunnova earnings dip, unrestricted cash grows as it mends balance sheet
Sunnova Energy International, a residential solar, storage, and adaptive services company, announced declining revenues and an increased focus on cash generation in its Q1 2024 earnings report.
Stem dips on Q1 earnings, announces new solar and storage asset software
Stem Inc, an AI-driven software provider for clean energy solutions, posted a 62% slide in revenues year-over-year while net losses grew.
First Solar beats revenue expectations in Q1 earnings, policy tailwinds emerge
The U.S.-headquartered solar panel manufacturer delivered revenues of $794 million, beating consensus estimates by about 10%.
New green bank to support distributed solar and storage in the Appalachian region
The Green Bank for Rural America will support community lenders in Appalachian communities to finance climate-supporting projects including distributed solar and storage. The bank and four others received a total of $6 billion in federal awards.
Minnesota sues GoodLeap, Sunlight, Mosaic and Dividend over dealer fees
The Attorney General claims these companies misled consumers about residential solar pricing, concealing inflated fees behind the federal tax credit and long-term contracts with low interest rates.
Sunrise brief: Maxeon sues REC, Hanwha Qcells for alleged TOPCon patent infringement
Also on the rise: Anker home energy storage system now available in North America. Nextracker cuts solar tracker carbon by 35% with recycled steel and electric furnaces. And more.
