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Markets & Policy

HVAC, lighting and solar integrator raises Series E round

The add-on funding brings the energy services company’s cumulative Series E round to $250 million, and represents a significant step towards expanding Redaptive’s offerings and procuring new customers, the company said.

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People on the move: Morningstar, SolarEdge, RWE Clean Energy and more

Job moves in solar, storage, cleantech, utilities and energy transition finance.

Virtual power plants could save utilities up to $35 billion by 2033

The Brattle Group compares the net cost of providing 400 MW of resource adequacy from three resource types: a natural gas peaker, a grid-interconnected battery system, and a VPP composed of residential demand flexibility technologies.

Sunrise brief: Solar testing group warns of degradation risk for TOPCon 

Also on the rise: Big PV plants may have positive climate impact in deserts, say researchers. California bill to mandate bidirectional chargers for all EVs sold after 2026. And more.

Delta-Q reaches full-scale production of electric vehicle charger with DC-DC converter

The Vancouver-based company introduced a 3.3 kW charger with a converter compatible with the vehicle’s auxiliary DC loads.

BayWa r.e. procures credit facility for 2024-26 portfolio

Funding will support BayWa r.e.’s efforts to advance its pipeline of solar, solar-plus-storage (1.1 GW) and storage projects (188 MWh) across five states.

Oregon utility’s IRP calls for 400 MW energy storage development

The 400 MW nameplate capacity projects can provide enough clean power for 260,000 homes at four-hour intervals during peak power usage times such as weeknights from 5 p.m. to 9 p.m.

California bill to mandate bidirectional chargers for all EVs sold after 2026

California’s legislature advanced SB-233 last week. If the 14 million+ cars currently registered in the state had a 75 kWh battery, the combined energy storage would amount to just over a terawatt-hour.

Colorado passes bill to speed up solar permitting, inspection

HB-1234 provides nearly $1,000,000 to help local governments streamline solar permitting and inspection to support solar adoption.

Sunrise brief: Five state energy leaders describe how IRA incentives are helping their states

Also on the rise: Permitting, grid resiliency and fusion energy are top of mind at BNEF Summit. LG launches U.S. residential energy storage system. And more.

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