Hornsdale and its big Tesla battery exceed expectations as storage revenue surges
The surge in storage revenue due to specific grid conditions in Australia was one of the main factors behind a 61% year-on-year increase in revenues that Neoen saw in the first quarter of the year.
The future of cars is electric – but how soon is this future?
According to a new report by Bloomberg New Energy Finance, 58% of global passenger vehicle sales in 2040 will come from electric vehicles, yet they will make up less than 33% of all cars on the road.
Sunny places could see average solar prices of $0.01 or $0.02 per kilowatt-hour within 15 years
New research models that the price of solar will continue to drop faster than previous predictions. This would mean that building new solar would be routinely cheaper than operating already-built fossil fuel plants, even in today’s world of ultra-cheap natural gas.
Morning Brief: Trump administration slaps retroactive rent bills on solar, wind on federal lands
Also in the brief: Lightyear gets a key supplier, a nine-project network in New York, the 25th National Solar Tour of Homes and more.
New Columbia Solar closes the biggest-ever tax equity deal for D.C.-based solar
$40 million is coming down the pipeline via an agreement between New Columbia Solar and Franklin Park Infrastructure. The money will not only help New Columbia to expand its team, but also bring 30 MW of distributed solar to the area with the nation’s most aggressive renewable energy standard.
Historic Hawaiian tender will increase state’s solar capacity 50%
16 project winners totaling 460 MW in capacity have been chosen by Hawaiian Electric Company to fill its most ambitious renewable procurement yet. The move will bring jobs to one of the areas hardest-hit by virus-related unemployment.
Morning Brief: Secret Air Force space plane to beam solar power to Earth, Tesla’s ‘million-mile’ battery
Also in the brief: DOE kicks off $230 million advanced reactor demonstration program, and the global coal industry will never recover from the Covid-19 pandemic.
SunPower sells off its O&M business to Clairvest, gets regulatory approval for Maxeon spinoff
SunPower has had to make fundamental changes to continue to be relevant in a solar industry very different from that of its roots. The company aims to become an energy service provider and is leaving low-cost manufacturing to its Chinese partner.
Morning Brief: Spruce Finance acquires Clearway Energy’s residential solar portfolio, GM to go 100% renewable at Spring Hill
Also in the brief: Ginlong Technologies plans to raise over $100 million, the US–China trade war and COVID-19 have massively impacted coal financing, SunPower’s planned split and establishment of Maxeon Solar Technologies has received approval in China and more.
Glasspoint, a Shell-funded solar enhanced-oil-recovery startup, is in liquidation
Glasspoint received more than $130M in VC from Oman’s sovereign wealth fund, along with the venture arm of Royal Dutch Shell. The plan was to use concentrated solar arrays housed in glass greenhouses to produce steam at gigawatt scale instead of natural gas for EOR.
