Solar power purchase agreement prices rise 21% year over year
PPA prices are increasing due to rising costs, said a report by LevelTen Energy.
Canada’s largest behind-the-meter solar project
Construction has begun on two solar projects in Alberta, one of which will include a flow battery energy storage system.
MIT scientists develop concentrated solar power system to produce hydrogen
Massachusetts Institute of Technology (MIT) scientists have developed a train-like concentrated solar power (CSP) system for hydrogen production, with plans to build a prototype in the coming year. They say that this innovative system can capture up to 40% of the sun’s heat to produce environmentally friendly hydrogen fuel.
Plus Power raises $1.8 billion to advance construction of five energy storage facilities
The transactions will support construction of BESS facilities in the Salt River Project in Arizona as well as in the ERCOT market in Texas.
New opportunities for 4-hour-plus energy storage
Energy storage with more than four hours of duration could assume a key role in integrating renewable energy into the U.S. power grid on the back of a potential shift to net winter demand peaks, says the National Renewable Energy Laboratory (NREL).
Solar panel waste is not a significant problem
Solar panel waste will not be a problem because there is so little of it. However, there is a short-term problem in some places because panel deployment is growing fast and recycling is playing catch up.
Turkish manufacturer Energate Solar announces expansion into US with new facilities
The company announced its two-year investment plan, which includes establishment of two facilities that are expected to ramp up production capacity to 2 GW in the country.
Sunrise brief: Suniva announces IRA-driven manufacturing, undermining the value of solar tariffs
Also on the rise: DOE announces $7 billion to kick off seven regional clean hydrogen hubs. Historic agreement accelerates large-scale solar development while minimizing land use impact. And more.
Global solar industry corporate funding grows 55% year-over-year
Through the first nine months of 2023, $28.9 billion of venture capital, public market, and debt financing was injected into solar, said a report from Mercom Capital Group.
Redwood Materials debuts a digital pricing tool to streamline electric vehicle battery recycling
Redwood Materials purchases hybrid and electric vehicle lithium-ion or nickel-metal hydride battery packs to process and reintroduce anode and cathode materials into the domestic market.
