Along with changing its name from Tesla Motors to Tesla Inc. the electric vehicle and battery maker will eliminate the SolarCity brand.
The U.S. market for microgrids will grow from a near zero installation level in 2012 to 50 GW by 2025 and a value of $500 billion by 2030, according to Andy Skumanich, a principal at SolarVision Consulting.
Current solar customers are grandfathered for 15 years, but customers who sign up next year will see their net-metering benefits decline over time.
After President Donald J. Trump announced plans to close the Office of Energy Efficiency and Renewable Energy (EERE), most solar observers assumed the Sunshot Initiative was dead, too. But an announcement yesterday of a new round of funding proves the vital program isn’t quite dead yet.
This is one of three massive systems which SCE has contracted to meet peak demand following its Aliso Canyon gas leak, as a new test for the abilities of energy storage.
Around 75 jobs will be lost during the microinverter specialist’s restructuring drive, which reflects increased price pressure across the segment, both globally and in the U.S.
In the latest 50 States of Solar Report from the North Carolina Clean Energy Technology Center, net metering once again topped the list of actions of policies that states tried to change in 2016.
The move is a step toward regaining regulatory compliance, in advance of a potential purchase by Brookfield.
Through no fault of its own, the energy-storage manufacturer revealed on its most recent earnings call that the continuing SunEdison fiasco cost it $500 million in revenue in 2016 – but it lived to tell the tale.
The Florida power company’s results call indicate very rapid activity over the last year, and expects a similar rate for future development, along with dividend growth.
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