Finance

It was a series of firsts, including a profitable full year and Megapack turning a profit that factored into CEO Elon Musk explaining that he has “never been more optimistic or excited about the future of Tesla.” Austin is confirmed as the site of the next Gigafactory.

A new report shows that both venture capital and total corporate funding to the three sectors are down, driven by battery storage funding failing to compare to a record-setting 2019.

Also in the brief: Berkshire Hathaway Energy subsidiary NV Energy goes full-on solar-plus-storage, and single-axis tracker analysis.

Also in the brief: Minnesota solar installers say they’re waiting too long for Xcel Energy grid connections, lower solar costs lead to new installations in metro Atlanta and financing for two large projects in Texas.

Longroad CEO: “There is definitely not an oversupply of tax equity.”
Project Suppliers: First Solar modules, Nextracker trackers and inverters from Power Electronics

Also in the brief: Florida Power & Light quietly reduces solar commitment, and new MWT BIPV from Sunport Power.

The wide-ranging joint report includes a section: “Undoing the Harms of the Trump Administration and Righting the Wrongs.”

Also in the brief: Energy Toolbase integrates Delta.

All of the proceeds from the $16.1 million issuance will support rooftop solar deployment in Connecticut.

The startup is building a battery using Prussian blue analogue electrodes and a sodium-ion electrolyte. Investors include ABB Technology Ventures, NanoDimension Capital, Volta Energy Technologies, Chevron, Khosla Ventures, and Prelude Ventures.