Maxeon challenges Nasdaq delisting threat, plans reverse stock split
Maxeon has challenged Nasdaq’s decision to potentially delist it from the Global Select Market and is now implementing a reverse stock split to raise its bid price above the required threshold. A hearing on the matter is pending.
U.S. solar industry on track to install 250 GW in five years
According to the U.S. Solar Market Insight Q3 2024 report, in the two years since passage of the IRA the solar industry has added 75 GW of new capacity to the grid, representing over 36% of all solar capacity built in U.S. history.
Sunrise brief: Setting standards for solar supply chain transparency
Also on the rise: Kimberly-Clark Corp. signs $230 million+ tax credit transfer deal with Schneider Electric. BLM seeks comment on two large-scale solar projects. And more.
The U.S. is building a solar trade wall
Chinese companies with Southeast Asian production lines have taken advantage of the production costs and trade restrictions that make U.S. panels more costly. However, shifting trade disputes are putting price advantages under the spotlight, writes InfoLink analyst Jonathan Chou.
Construction begins on 400 MW solar and storage project in Utah
Developed by rPlus Energies, the clean energy project that represents an investment of over $1 billion will include 400 MW / 1,600 MWh of battery energy storage.
U.S. solar industry standards for solar supply chain transparency
The Solar Energy Industries Association (SEIA) submitted a draft industry standard to help companies comply with Customs and Border Patrol (CBP) traceability requirements for solar component imports.
Reaching 45% solar generation would save Southeast utilities $20 billion/year
Annual savings of $20 billion are possible across six Southeastern states by reaching 45% solar generation by 2035, according to a national laboratory study.
BLM seeks comment on two large-scale solar projects
Cowboy Solar is a 200 MW project in New Mexico and Copper Rays is a 700 MW project in Nevada.
Finding a renewables project site in ERCOT by considering “the shift factor”
For renewable energy developers, finding a site in Texas can feel like searching for a needle in a haystack due to grid constraints, environmental concerns, and other factors. Help is now available, as Sultan Ennab, of Electric Power Engineers (EPE), explains, with reference to the Energy Reliability Council of Texas (ERCOT) grid.
Kimberly-Clark Corp. signs $230 million+ tax credit transfer deal with Schneider Electric
The U.S. manufacturer of personal care products will fund four new battery energy storage projects, supporting its decarbonization goals as well as grid resiliency.
