Markets

The IRS and Treasury released the first round Domestic Content Bonus Credit Guidance – but the new guidance seems to raise more questions than it answers.

Also on the rise: Enphase releases solar products optimized for NEM 3.0. Nikola announces recall of battery electric vehicles, pauses sales after fire investigation. And more.

Forward Analytics estimates that building 350 solar installations will grow Wisconsin’s economy by funding local businesses, stimulating the regional real estate market and increasing jobs.

The solar microinverter and battery energy storage provider released updates to its product suite to maximize returns under the new net metering rates regime in California.

Also on the rise: Top five solar inverter vendors accounted for 71% of shipments in 2022, U.S. startup to produce perovskite glass for tandem modules and Amogy eyes commercialization of zero-emission, ammonia-powered semi-truck.

Solar pre-cooling consists of using residential PV systems to run air conditioners to pre-cool residential and commercial buildings. It offers benefits in terms of mitigating low minimum demand in electricity networks, flattening the grid’s net demand profile, and reducing electricity bills.

The company’s ammonia-to-power technology could present a solution to decarbonize the heavy-duty trucking sector.

Also on the rise: Nikola bags $58.2 million for hydrogen stations to fuel heavy-duty vehicles. How New York State can stay on track with green-grid goals. And more.

The Office of the New York State Comptroller suggests streamlining three parallel processes to ensure a carbon-free grid by 2040.  

Following the Federal Reserve’s interest rate hikes, the loan products of the residential solar finance company Sunlight Financial are at risk of being sold for a loss. This has led the firm to question its ability to continue operating.