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.
Investment opportunities in Africa’s clean energy transition
Leaders from over 15 African countries will meet with U.S. stakeholders to discuss how to ensure the continued, equitable growth of renewable energy projects in each country.
Tax credit transferability attracting billions to grid-scale solar and batteries
Three recent transactions of $300-million-plus demonstrate the healthy appetite for utility-scale solar and energy storage investment.
Ascend Elements raises additional $162 million for Kentucky battery recycling facility
Ascend Elements has raised a total of $1.2 billion toward construction of its Apex 1 facility, said to be the first factory in North America to recycle cathode precursor and cathode active materials for electric vehicle battery use.
Reducing cost of residential solar financing with virtual power plants
Solrite Energy says its new power purchase agreement has more agreeable finance terms due to the ability of distributed solar-plus-storage to make money as part of a virtual power plant.
Puerto Rico program to bring low-cost solar and batteries to 30,000 households
Applications open February 22 for the DOE’s Solar Access Program for eligible single family homeowners in Puerto Rico.
Connecticut Green Bank allocates $100 million toward solar and storage projects
The funds will help facilitate the development of renewable energy infrastructure for municipalities, the commercial sector and the state.
Sunrise brief: Enphase Q4 revenues drop 35% in U.S. and 70% in Europe
Also on the rise: Recurrent Energy secures $160 million for Louisiana solar project. Solar corporate funding rises 42% globally in 2023. And more.
Enphase Q4 revenues drop 35% in U.S. and 70% in Europe
Reduced demand and reduced shipments due to high unsold inventory at distributors cratered the company’s revenues in its Q4 2023 report.
