Tesla lands 15.3 GWh Megapack supply contract
Tesla has received a giant order from U.S. developer Intersect Power, equating to around 165% of the total battery energy storage systems it deployed in Q2 2024, which saw the highest quarterly deployment in the company’s history to date.
Sunrise brief: First Solar commissions 1.3 million square-foot R&D facility
Also on the rise: North American solar power purchase agreements rise 3% in Q2 Intersect Power closes $837 million in financing for three Tesla battery systems in Texas. And more.
Intersect Power closes $837 million in financing for three battery systems in Texas
Each project comprises 86 Tesla Megapacks and will provide a capacity of 320 MWh of battery storage with a two-hour duration.
North American solar power purchase agreements rise 3% in Q2
LevelTen Energy released its quarterly PPA Price Index Report, showing an increase in prices following a modest drop in Q1.
First Solar commissions 1.3 million square-foot R&D facility
The Jim Nolan Center for Solar Innovation in Lake Township, Ohio includes a high-tech pilot manufacturing line allowing for the production of full-sized prototypes of thin film and tandem PV modules.
Generac awarded up to $200 million from DOE for solar and storage in Puerto Rico
The funds seek to build energy resilience in Puerto Rico, where hurricanes and other extreme weather frequently leave residents without power.
S&P Global launches daily spot market price assessment for solar panels
The tool has been billed as the world’s first independent daily spot market price assessment for solar panels. S&P Global says it has been launched to aid transparency in technology pricing as solar modules become increasingly commoditized.
Solar corporate funding drops to $16.6 billion in H1
High interest rates, an uncertain rate trajectory and timeline, increasing trade barriers, supply chain challenges, concerns about the presidential election’s impact on the sector, and constantly evolving trade policies have created a climate of uncertainty.
Sunrise brief: U.S. residential solar down 20% in 2024
Also on the rise: $1B in financing for 400 MW/1600 MWh solar-plus-storage project. Peak Energy secures $55 million Series A funding to manufacture sodium-ion batteries. And more.
Peak Energy secures $55 million Series A funding to manufacture sodium-ion batteries
The company plans to deliver its first systems in 2025 and open a full-scale production facility in 2027.
