Sunrise brief: New York announces largest state investment in renewable energy in U.S. history
Also on the rise: California proposes “blatant seizure of property” in solar ruling. Panasonic unveils new residential heat pumps. And more.
California proposes “blatant seizure of property” in solar ruling
The California Public Utilities Commission is set to vote on a virtual net energy metering program that would force renters to sell solar generation to the utility and buy it back at a higher rate, outlawing them from consuming their electricity directly.
The Hydrogen Stream: Industry groups set 2026 target for EU-US hydrogen trade
The US Department of Energy has allocated $7 billion for seven Regional Clean Hydrogen Hubs (H2Hubs) to deploy commercial-scale clean hydrogen, while the Mission Possible Partnership, RMI, Systemiq, Power2X, and industry leaders have set up the Transatlantic Clean Hydrogen Trade Coalition (H2TC) to ship US clean hydrogen to Europe by 2026.
Tax credit boost announced for solar projects serving low-income and tribal communities
Applications are now open for the Low-Income Communities Bonus Credit Program supported by the Inflation Reduction Act. The program’s goal is to expand access to low-cost and clean energy for underserved communities.
Sunrise brief: Residential solar is getting crushed by high interest rates and regulatory changes
Also on the rise: U.S. Energy Department announces $3.5 billion to shore up electric grid. Briggs & Stratton launches new lithium iron phosphate battery packages. And more.
Residential solar is getting crushed by high interest rates and regulatory changes
Many installers are filing for bankruptcy and stocks have crashed 15% to 30% or more based on weak guidance.
U.S. Energy Department announces $3.5 billion to shore up electric grid
Investing in America will fund 58 projects across 44 States to improve grid resilience and reliability.
Peak Energy moves toward establishing a domestic market for sodium-ion energy storage systems
Sodium-ion energy storage system manufacturer, Peak Energy, is working to streamline what it believes is the biggest bottleneck to scaling enough battery energy storage systems to accommodate 80% renewable energy generation and 100% carbon-free electricity by 2035.
California sets first appliance standards to balance renewables
To help balance variable renewable generation, California has set flexible demand standards for pool controls. The standards will help the state achieve its target of 7 GW of load flexibility by 2030 while saving consumers money.
Qcells completes expansion of Georgia solar manufacturing facility
The addition marks the first phase of Qcells’ factory expansion and brings module production capacity to more than 5.1 GW.
