Sunrise brief: Goldman Sachs invests $250 million in Hydrostor
Also on the rise: Nearly half of all new capacity added to the grid will come from solar. Washington community solar bill garners support. Optimizer manufacturer Alencon expands manufacturing and R&D facilities outside of Philadelphia. GoodWe rebranding reflects the ‘smarts’ in its inverters and storage technology. Three California community choice jointly issued an RFP.
Goldman Sachs invests $250 million in Hydrostor to advance long-duration energy storage projects
The investment is planned to support development and construction of Hydrostor’s 1.1 GW, 8.7 GWh of Advanced Compressed Air Energy Storage projects that are well underway in California and Australia, and help expand Hydrostor’s project development pipeline globally.
Sunrise brief: Palmetto captures PV potential of roughly 75% of U.S. rooftops
Also on the rise: Aerial inspection and site data service provider, Heliolytics, acquired by NovaSource. Solar panel recycling firm teams up with Solaris. Investment gets Texas PV developer IndustrialSun ready for launch. Community solar moves forward in Illinois. International team of researchers develop solar-powered hydrogen energy platform.
Silicon Ranch raises $775 million in equity capital
The Shell-backed U.S. utility-scale solar developer raised funds from new and existing investors.
PosiGen closes $100 million preferred equity financing
Magnetar Capital was the lead investor and will name two new members to PosiGen’s board of directors.
Heliogen nets $188 million in cash in business combination, added to NYSE
The concentrated solar power provider announced the completion of a business combination with Athena Technology Acquisition Corp.
Koch invests $150 million in GameChange Solar
Koch Strategic Platforms, a subsidiary of Koch Investments Group, invested in the commercial and utility-scale solar racking provider, marking a divergence from earlier anti-solar strategies.
Stepping UP in 2021: #3 Sustainable electricity and corporates’ critical solar role
Despite the global Covid-19 pandemic and recession, corporate purchases of clean energy are booming. Several factors are driving this trend, including falling costs, a heightened appetite for sustainability among consumers and investors, and increased political will for net-zero development. In recognition of this, the UP Initiative spent Q3 2021 investigating sustainable electricity supply. How are PPA models evolving? What are the critical issues around residual energy? And how can greenwashing be avoided? Read on to discover more.
Lightsource BP closes $376 million in financing, breaks ground on two massive projects
The 293 MW Sun Mountain solar project, set to be located in Pueblo, Colorado, and the 173 MW Bellflower solar project, set to be constructed east of Indianapolis will each be among the largest in their respective states.
Pine Gate completes financing for two Michigan solar projects
The two projects will bring more than 50 MW of solar to Consumers Energy customers across the state.
