Sunrise brief: Solar panels, racking and inverters stationed on Tesla’s gigafactory roof offer a glimpse of the project underway.
Also on the rise: LBL report looks at compensating customers for grid-connected batteries. Supply chain problems that drove up costs of solar power equipment will ease in 2022. Efforts to retrieve lithium from geothermal brine increasing in popularity. Encore Renewable Energy, The Brattle Group, ACORE and others announced new hires.
Lightsource bp closes financing on 135 MW solar project in Arkansas and 345 MW solar project in Louisiana
Financing for both projects was facilitated by power purchase agreements. For the Arkansas project, the agreement is with Conway Corp. and for the Louisiana project the agreement is with McDonald’s and eBay.
OYA Solar closes on tax equity financing for four New York community solar projects
Three of the four projects financed under this agreement are already completed and in service, with the fourth expected to join by the end of Q1 2022.
Sunrise brief: Goldman Sachs invests $250 million in Hydrostor
Also on the rise: Nearly half of all new capacity added to the grid will come from solar. Washington community solar bill garners support. Optimizer manufacturer Alencon expands manufacturing and R&D facilities outside of Philadelphia. GoodWe rebranding reflects the ‘smarts’ in its inverters and storage technology. Three California community choice jointly issued an RFP.
Goldman Sachs invests $250 million in Hydrostor to advance long-duration energy storage projects
The investment is planned to support development and construction of Hydrostor’s 1.1 GW, 8.7 GWh of Advanced Compressed Air Energy Storage projects that are well underway in California and Australia, and help expand Hydrostor’s project development pipeline globally.
Sunrise brief: Palmetto captures PV potential of roughly 75% of U.S. rooftops
Also on the rise: Aerial inspection and site data service provider, Heliolytics, acquired by NovaSource. Solar panel recycling firm teams up with Solaris. Investment gets Texas PV developer IndustrialSun ready for launch. Community solar moves forward in Illinois. International team of researchers develop solar-powered hydrogen energy platform.
Silicon Ranch raises $775 million in equity capital
The Shell-backed U.S. utility-scale solar developer raised funds from new and existing investors.
PosiGen closes $100 million preferred equity financing
Magnetar Capital was the lead investor and will name two new members to PosiGen’s board of directors.
Heliogen nets $188 million in cash in business combination, added to NYSE
The concentrated solar power provider announced the completion of a business combination with Athena Technology Acquisition Corp.
Koch invests $150 million in GameChange Solar
Koch Strategic Platforms, a subsidiary of Koch Investments Group, invested in the commercial and utility-scale solar racking provider, marking a divergence from earlier anti-solar strategies.
