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Finance

On.Energy Secures $100 Million from UK firm to develop battery storage projects in North America

Sustainable Development Capital, LLC Energy Efficiency Income Trust plc will provide the financing to accelerate the deployment of battery energy storage systems across the United States and Canada.

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Net losses triple at US tracker maker after acquisition

New Mexico-based Array Technologies is keen to emphasize the revenue benefits of buying Spanish rival STI Norland and said US President Joe Biden’s Inflation Reduction Act would also be good for business.

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Sunrise brief: Designing for 100% renewables with real-time retail pricing could yield benefits of 9% or more 

Also on the rise: Catalyzing solar in the US: a manufacturer’s perspective. FranklinWH announces additional financing for its home energy storage solution. And more.

FranklinWH announces additional financing for its home energy storage solution

Mosaic and GoodLeap add FranklinWH to their approved battery vendor lists

SEIA and environmental groups comment on proposed changes to Community Reinvestment Act

In May federal banking regulators proposed sweeping changes, which include shoring up the underserved against climate disasters, but SEIA and environmental groups asked them to go further in financing renewables to benefit LMI communities.

Energy storage software provider posts 246% revenue growth

Stem, provider of AI-backed energy storage software, posted record growth in Q2 2022.

Sunrise brief: Battery storage operation under net billing provides virtually no grid value, says Berkeley Lab study

Also on the rise: US added 15 GW generating capacity, 4.2 GW solar in first half 2022. Pairing agrivoltaics and pollinator habitat with community solar in New York. And more.

Sungage Financial and Bodhi partner to help solar installers scale up

The solar financing provider and customer experience platform designer announce a new strategic alliance.

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Sunrise brief: Global energy storage deployment may reach 500 GW by 2031

Also on the rise: Bill Gates-backed fund invests in automated utility-scale solar installation platform. It’s time to fix our nation’s broken interconnection process. And more.

Bill Gates-backed fund invests in automated utility-scale solar installation platform

Terabase Energy raised $44 million in funding round, supporting digital and robotic platform for building utility-scale solar power plants.

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