Sunrise brief: Sunnova Energy and Stem earnings dip in Q1
Also on the rise: Groups sue FEMA and HUD to focus energy funds on distributed solar and storage. Voltaic releases battery monitoring for off-grid applications. And more.
U.S. solar industry week in review
pv magazine USA spotlights news stories of the past week including market trends, project updates, policy changes and more.
Sunnova earnings dip, unrestricted cash grows as it mends balance sheet
Sunnova Energy International, a residential solar, storage, and adaptive services company, announced declining revenues and an increased focus on cash generation in its Q1 2024 earnings report.
Stem dips on Q1 earnings, announces new solar and storage asset software
Stem Inc, an AI-driven software provider for clean energy solutions, posted a 62% slide in revenues year-over-year while net losses grew.
Groups sue FEMA and HUD to focus energy funds on distributed solar and storage
Two federal agencies that provide billions of dollars for energy-related projects should fund renewable energy, a number of groups have argued in two lawsuits and two rulemaking petitions.
Voltaic Systems unveils battery monitoring system for offgrid PV applications
The U.S.-based PV system provider for infrastructure and industrial equipment without grid access has launched a battery health monitoring software module for its flagship Core Solar Power Systems product line.
Sunrise brief: First Solar beats revenue expectations in Q1 earnings, policy tailwinds emerge
Also on the rise: Crux extends tax credit transfer discounts and support to ACP members. Schneider Electric launches new storage systems for microgrids. And more.
First Solar beats revenue expectations in Q1 earnings, policy tailwinds emerge
The U.S.-headquartered solar panel manufacturer delivered revenues of $794 million, beating consensus estimates by about 10%.
Schneider Electric launches new storage systems for microgrids
The company introduced two versions of the new BESS with enclosures of 7 feet and 20 feet with power ranges from 60 kW to 500 kW.
Habitat Energy chosen to optimize 730 MW ERCOT battery storage portfolio
To help manage battery storage and renewable energy assets, Habitat Energy signed an agreement with UBS Asset Management’s Real Estate & Private Markets business to optimize battery storage assets in four standalone projects in Texas.
