Customized Energy Solutions and the U.S. Energy Storage Association have released a new report analyzing the regulatory, legislative and market developments relating to energy storage across the nation’s RTOs and ISOs in the first quarter of 2020.
Longi and Sungrow both announced solid financial results last week. Module maker China Solar delayed the resumption of trading on the Hong Kong stock exchange, and polysilicon producer GCL-Poly unveiled plans to raise up to $16.8 million by issuing shares. Coal miner Baofeng Energy, meanwhile, announced the construction of what it claims will be the world’s largest PV-powered hydrogen plant, and Seraphim and Lu’An Solar revealed that they will open a 5 GW PV panel factory in China’s Jiangsu province.
Enphase Energy’s Q1 revenue exceeded expectations as the company set an all-time gross margin record and announced plans for a new manufacturing location. Enphase stock is up 15%
Also in the brief: DOE to invest more than $5 million in tribal energy infrastructure
Permitting and Google search data show substantially more resi solar installs in Q1 2020, compared with the same period in 2019. Data suggests that major national installers, leveraging online sales, are better positioned than most to weather the COVID-19 pandemic.
While utilities, municipalities and states across the U.S. struggle to find a cost-effective way to get to 100% carbon-free power, some companies, like Wärtsilä North America, think that the answer is closer than we realize.
Despite the pandemic, capital is still pouring into solar.
Also in the brief: Elon Musk on cusp of a $730 million award, the 16 Camilla Solar Plant has reached commercial operation, a project approved in Maine and more.
Given Hawaii’s audacious renewable energy goals it seems logical that industries such as solar can help be a big part of that recovery.
Lennie Moreno, the CEO of Sofdesk, navigates the new world of selling solar remotely — in our free webinar today.
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