Finance

It’s been a busy two months since Joe Biden became president. Here are highlights of key initiatives on the energy and cleantech fronts.

Also on the rise: SaskPower will build a battery energy storage system, Energize Ventures and CDPQ will invest $125 million in energy transformation tech, and Loanpal securitizes $421 million of residential solar loans.

The $2 trillion package includes a proposed 10-year extension of the ITC and PTC and calls for further incentives to add transmission capacity. Most solar advocates liked it, but one nonprofit panned it as being too industry-friendly.

Tax credits are great, but many individuals and businesses don’t pay enough in taxes to make them work. Why not create a paradigm shift in how credits are distributed?

The bill aims to thaw frozen tax-equity markets and help the solar and clean energy sectors recover from the economic effects of the Covid-19 pandemic.

Also on the rise: New York housing authority residents help install 1 MW of rooftop solar, Nevada regulators OK a $2.5b transmission line, PG&E equipment sparked a deadly 2020 wildfire, and a RGGI auction sets a new high for CO2 prices.

Check out this week’s list of some of the newest announcements related to clean energy products.

The federal agency aims to advance next-generation batteries and electricity-conducing materials.

The electricity savings could equal the monthly cost of the 25-year loan for a residential solar system.

The new commitment builds on the solar financing platform’s existing business with a Silicon Valley-based credit union.