Illinois sets energy storage procurement goal
Governor Pritzker signed the Clean and Reliable Grid Affordability Act into law, directing the procurement of 3 GW of energy storage in Illinois over the next two years.
In case you missed it: This week’s top five solar news stories
pv magazine USA spotlights news of the past week including market trends, project updates, policy changes and more.
Renewable Properties increases capital facility to $120 million
Additional funds of $40 million from AB CarVal will support pipeline expansion into new markets and technologies.
U.S. would reach 100% renewable energy by 2148 at recent pace
China is outpacing the U.S. toward 100% renewables for all energy uses and is on track to reach that standard by 2051, versus 2148 for the U.S., projects a study of 150 countries by Stanford professor Mark Jacobson.
AI-based solar service provider enters largest U.S. market
Otovo, a European solar operations and maintenance service firm headed by former Sunnova CEO, enters California residential market with acquisition of Solar Service Professionals.
California introduces bill to legalize plug-in balcony solar
The legislation would reclassify small-scale solar devices as household appliances to bypass utility interconnection requirements and permitting fees.
Exus Renewables secures $400 million credit facility to fund 4.5 GW pipeline
The capital will fund development expenditures for solar, wind, and battery storage projects across North America.
Quilt launches 3-zone ductless heat pump for residential applications
U.S. startup Quilt has introduced a new three-zone ductless heat pump for residential use, offering independent temperature control across three areas with a single outdoor unit. The system uses R32 (difluoromethane) as the refrigerant and can reportedly achieved a coefficient of performance of 4.2 at 8 C.
T1 Energy completes $160 million sale of production tax credits
The transaction involves Section 45X credits generated from solar module manufacturing through December 2025.
Sunrun and HASI close $500 million distributed energy joint venture
The partnership aims to finance 300 MW of residential solar and storage capacity across 40,000 home power plants.
