Also in the morning brief: Ormat expands energy storage presence, acquires a shovel-ready project in Upton County, Texas. RatedPower’s software for utility-scale solar. CS Energy hits 1 GW.
The financing round was led by GitLab CEO Sid Sijbrandij and cryptocurrency expert James Fickel. Proceeds will be used to expand R&D, develop prototypes and add staff.
The company’s largest-ever funding round will help it bring more than 1 GW of solar on line and position Nashville-based Silicon Ranch to enter new markets.
Aggregating DERs via virtual power plants has customers, utilities and financiers all ready to buy in. With FERC Order 2222, the question for two California aggregators is whether their models will play in less DER-friendly markets.
Although the situation in DC remains “fluid.” Also in the brief: LG Energy’s new residential battery systems, and solar on Arkansas jails with Entegrity.
Catastrophic weather events in Texas and California have led to steep insurance premium cost increases, according to a new analysis by Norton Rose Fulbright.
“Determining how many years a solar panel will last can take, well, years.”
Also in the brief: Battery material breakthrough of the day, Kern County coping with climate change, Longroad Energy plans $128 million solar farm north of Houston
Hawaii’s continued move to online permitting reduces red tape — and has the potential to grow Hawaiian solar when the state needs the revenue. The broader industry is aiming for a “fundamental reshaping of solar permitting at the federal, state, and local levels.”
Executive jobs and job moves in solar, storage, cleantech, utilities and energy transition finance.
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