Sunrise brief: Suniva announces IRA-driven manufacturing, undermining the value of solar tariffs
Also on the rise: DOE announces $7 billion to kick off seven regional clean hydrogen hubs. Historic agreement accelerates large-scale solar development while minimizing land use impact. And more.
Global solar industry corporate funding grows 55% year-over-year
Through the first nine months of 2023, $28.9 billion of venture capital, public market, and debt financing was injected into solar, said a report from Mercom Capital Group.
Redwood Materials debuts a digital pricing tool to streamline electric vehicle battery recycling
Redwood Materials purchases hybrid and electric vehicle lithium-ion or nickel-metal hydride battery packs to process and reintroduce anode and cathode materials into the domestic market.
Solar power generation soars in Mexico, southwestern U.S.
In a new weekly update for pv magazine, Solcast, a DNV company, reports that areas across Mexico and Southern Texas saw reduced cloud, leading to 120-130% of average September irradiance.
DOE announces $7 billion to kick off seven regional clean hydrogen hubs
The hubs are collectively expected to produce three million metric tons of hydrogen each year; however, some stakeholders shared their skepticism.
Sunrise brief: 3Sun to offer Oklahoma-built modules by 2025, perovskites possible by 2027
Also on the rise: Solar cell prices are expected to hit fresh record lows following China’s Golden Week. Aqua Metals, 6K plan first circular supply chain for lithium batteries in the U.S. And more.
Sunrise brief: FERC Commissioner Allison Clements describes the path forward for renewables
Also on the rise: Solar PV LCOE expected to slide to $0.021/kWh by 2050, DNV says. Vermont utility announces emissions-free “zero outages” initiative. And more.
Fossil-intensive utilities plan to add 115 GW solar, 53 GW gas by 2030
In a renewables transition report card from the Sierra Club, only six utilities earned a grade of A, while 29 received an F. “Utilities are failing,” said the group’s executive director, “to protect our health and our collective future.”
Perch Energy raises $30M to expand community solar
The investment by Nuveen, one of the largest investment managers in the world, will provide Perch with access to Nuveen’s portfolio of affordable housing units and residential apartments.
Sunrise brief: Grid-forming inverters will enable a high-renewables grid
Also on the rise: Sonnen NEM-proofs solar batteries. How local governments are driving solar energy growth. And more.
