Also on the rise: El Niño threatens U.S. winter solar generation. Sunlight Financial struggles for survival. And more.
Researchers at the University of Tennessee found that operational and contracted utility-scale solar installations in the state will require up to nearly 15,000 acres of land. To meet Tennessee Valley Authority’s goal of adding 10 GW by 2035, another 100,000 acres of land will be needed.
In its recent quarterly earnings report, Sunlight Financial disclosed nearly $550 million in underwater residential solar loans, after which it executed a 20:1 reverse split to bolster their stock price, aiming to maintain it above $1/share to avert delisting.
In a new weekly update for pv magazine, Solcast, a DNV company, predicts that El Niño will likely bring lower than normal solar power production through winter in the United States. Its analysis is based on data collected from previous El Niño events.
Reducing the cost of solar electricity will be the key to unlocking the next chapter of the energy transition: a green hydrogen economy, according to Jim Tyler, CEO of solar technology company Erthos.
Fewer than 5% of domestic homes are solar-powered today, as consumers list cost and confusion about IRA benefits as primary deterrents to installing energy efficient appliances and solar panels at home.
Also on the rise: Microsoft invests in 6.6 MW solar facility in Mississippi. Texas to activate its first virtual power plants. And more.
A pilot project tests how consumer-owned small energy devices like batteries, generators, electric vehicle chargers and more can be virtually aggregated and participate in the wholesale electricity market.
Clearloop received an upfront payment for long-term renewable energy credits from Microsoft, a decarbonization investment in the Panola II Solar Farm.
A proposed amendment would supersede the 10% reduction cap currently enforced by law.
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