The program supports clean energy innovation and technology development across Massachusetts. Here are some of the recent cash awardees in solar and energy storage.
Also on the rise: Terabase acquires a performance modeling software platform, Tigo launches a rapid shutdown device, and NV5 Global acquires Sage Renewable Energy.
The energy storage technology and services company said the investment will bolster its bankability as the energy storage market grows.
Also on the rise: Illinois’ solar residential market fell off the roof in Q2, Arizona approves incentives for residential energy storage, and green roofs can improve panel efficiency.
A renewables investment report from BloombergNEF noted record growth for solar projects as wind power investment eased. A 1.8% yoy rate of growth was cause for concern, however.
The partnership is the two companies’ second under Soltage’s Iris capital vehicle, and the two ultimately plan on deploying 450 MW of new distributed solar and storage projects across the United States together.
Also on the rise: Polysilicon prices are forecast to continue to rise, Ample raises $160 million from investors including Shell, and growing numbers of schools are going solar.
Also on the rise: Protesters rally to demand TVA reforms, the energy storage market is fully charged for rapid growth, and BlackRock buys a solar developer.
The five-year commitment will support solar, clean transportation, and green buildings, among other sectors.
In the last six months the solar and energy storage company has raised $680 million to support its growth.
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