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Finance

Sunrise brief: Residential solar installer Lumio files for bankruptcy

Also on the rise: Trinasolar US displays 2000 V module, trackers, energy storage and more. U.S. DOE announces $125 million to fund two Energy Innovation Hubs. And more.

U.S. DOE announces $125 million to fund two Energy Innovation Hubs

The U.S. Department of Energy will provide $125 million in funding for two Energy Innovation Hub teams to accelerate energy storage technologies. The research focus will be energy storage for both transport and stationary storage applications.

Clearway closes $550 million financing for solar-plus-storage project in Kern County

The 140 MW solar and 472 MWh storage project is expected to generate enough electricity to power 63,000 homes.

Canadian Solar drops 15% post Q2 earnings report

The solar company logged $1.64 billion in revenue, down from $2.36 billion in the previous year’s Q2.

Sunrise brief: California advances flexible demand that can absorb renewable power

Also on the rise: Google invests in 800 MW solar project in Illinois. PV systems can now support grid as fossil fuels decline. And more.

Startup Enteligent secures $6 million to scale solar EV charging

The company offers a DC-to-DC electric bidirectional electric vehicle charger that allows EVs to charge directly from solar panels without the need to convert to AC.

Google invests in 800 MW solar project in Illinois

The Double Black Diamond Solar project may be the largest solar installation east of the Mississippi when complete in 2025.

A look at IRA successes and failures

David Burton, attorney with Norton Rose Fulbright and specialist in energy tax law, looks at tax credit transfer, domestic content, energy communities, prevailing wage and more.

Solar inverter manufacturer financial stability ranking updated

The latest financial stability ranking of inverter manufacturers from Sinovoltaics lists Hoymiles Power Electronics, Eaton, Enphase, Kstar and Delta Electronics as the top five.

U.S. DOE announces $1.45 billion loan for Qcells solar panel factory

The Department of Energy announced a conditional commitment to loan Qcells for its Georgia factory producing solar ingots, wafers, cells, and panels.

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