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.
Electrolyzer manufacturer Electric Hydrogen completes $380 million financing
The company is manufacturing 100 MW electrolyzer systems, each of which it says can produce almost 50 tons of green hydrogen each day.
BlueWave secures $91 million in financing for five agrivoltaics projects in Massachusetts
The projects, which are scheduled to come online in 2023, will be part of the Solar Massachusetts Renewable Target (SMART) program.
How developers can capitalize on IRA support for community solar financing
The incentives in the Inflation Reduction Act are combining with an evolving distributed generation market and investors’ greater appetite for community solar to drive an uptick in renewable project financing and deployment.
Sunrise brief: California electricity pricing exploded in the last three years, far outpacing inflation
Also on the rise: Funding for second-life EV battery materials manufacturer reaches $4 billion. Model procedures for fixing distributed solar and storage interconnection. And more.
