Finance

Also on the rise: Common Energy raises $16.5 million to expand community solar access nationwide. Scientists, industry players reveal plans for new LETID testing standard. OMCO Solar shores up manufacturing with $5 million investment. First Resilient Service Station microgrid project completed in Massachusetts. olar Alliance to design and build 500 kW solar project in Kentucky. Emissions-free battery recycling facility will use electricity rather than smelting.

The investment will allow OMCO to manufacture its Origin Tracker Torque Tubes at OMCO’s Indiana and Arizona locations.

Enel X completed the construction of a microgrid with solar-plus-battery storage to operate the facility and offer EV charging

The investment, provided by S2G Ventures will help the company expand consumer access to local, community solar projects across the country, as the US looks to achieve DOE’s goal of expanding installed solar capacity to 20 GW by 2025.

Also on the rise: Western and Southeastern utilities’ progress in advancing 194 GW of solar projects is a mystery. Michigan utility seeks land siting utility scale solar. Approximately 858 GWdc of solar and over 1 TWh of batteries are in development. Summit Ridge energizes Montgomery County’s first ground-mount community solar project. PG&E $11 million pilot programs to accelerate vehicle-to-everything technologies. 50 states of solar incentives: Rhode Island.

The small but mighty state of Rhode Island was the first in the nation to set a goal of 100% renewables by 2030,

Also on the rise: Utility TVA targets 10 GW of solar by 2035, currently owns 1 MW in operation. Maxeon unveils whole home energy management system SunPower One. Washington DC outpacing its own solar goals, for now. AES to supply Microsoft with 110 MW of solar, 220 MWh of storage. Self-healing perovskite solar PV cells can withstand fierce cosmic radiation. Porsche AG leads $400 million series C funding of US high-performance battery cell fabrication.

SolarEdge has reported record revenue in its latest three-month update and expects to have even more business in the second quarter, even if gross margin and profit has declined.

Also on the rise: Solar farm in Baltimore City to power university medical system as well as low-income area residents.NJR Clean Energy Ventures breaks ground, or rather water, on 9 MW floating solar project. Top ten hybrid solar and storage plant observations. 22 Senators call on Biden to end anti-circumvention investigation.

The facility bundles a letter of credit and equipment financing to support the company’s project pipeline.