Allume Energy receives $1.5 million bridge investment to deploy SolShare technology in Southeast U.S.
The company estimates that its technology can help residents in multi-unit buildings save up to 40% on their electricity bills.
Sunrise brief: Educating customers essential to scaling residential solar
Also on the rise: El Niño threatens U.S. winter solar generation. Sunlight Financial struggles for survival. And more.
Sunlight Financial struggles for survival
In its recent quarterly earnings report, Sunlight Financial disclosed nearly $550 million in underwater residential solar loans, after which it executed a 20:1 reverse split to bolster their stock price, aiming to maintain it above $1/share to avert delisting.
SunPower survey finds education is essential to scaling residential solar
Fewer than 5% of domestic homes are solar-powered today, as consumers list cost and confusion about IRA benefits as primary deterrents to installing energy efficient appliances and solar panels at home.
Extended grid infrastructure grant deadline encourages more Native Nations to apply
The DOE Grid Deployment Office decided to extend the deadline in response to updated disaster data, which increased grant allocations for 243 tribes to better account for the probability of climate-related disruptions on native land.
Solar racking company ESDEC eyes $5 billion valuation ahead of planned IPO
Bolstered by private equity and the acquisition of four U.S. manufacturers, ESDEC is seeking further expansion via capital raised from public markets.
Sunrise brief: Over 155 GW of U.S. solar manufacturing announced in one year
Also on the rise: Top five solar inverter vendors accounted for 71% of shipments in 2022, U.S. startup to produce perovskite glass for tandem modules and Amogy eyes commercialization of zero-emission, ammonia-powered semi-truck.
Sunlight Financial challenged to sell $550 million in residential loans
Following the Federal Reserve’s interest rate hikes, the loan products of the residential solar finance company Sunlight Financial are at risk of being sold for a loss. This has led the firm to question its ability to continue operating.
Sunrise brief: One of the largest U.S. solar projects secures $779 million financing
Also on the rise: Clearway to procure 2 GW of solar trackers from Nextracker, Boston mayor bans fossil fuel use in municipal buildings and a developer challenges Massachusetts town on solar zoning restrictions.
Sunrise brief: FERC reforms interconnection, speeding critical renewables delays
Also on the rise: SolarEdge stock trades down despite record revenue in Q2. Sunnova to participate in battery emergency program in Puerto Rico. And more.
