Corrected — California’s lucrative energy storage incentive gets fiscally misused once again
What is it about California’s SGIP subsidy that brings out the worst in people and corporations? Usually it’s companies gaming the ratepayer-funded incentive, this time it’s installers helping individuals with second homes siphon off funds intended for the disadvantaged.
Morning Brief: Home Depot and Enel signa power contract, National Grid rebrands its renewable arm
Also in the brief: CollectiveSun raises $4 million for San Diego nonprofits to go solar, EDP has closed on a power contract for 100 MW of solar generated by two projects in Ohio and more.
Fluence acquires Advanced Microgrid Solutions, in bid to help customers monetize storage, renewable assets
“Storage is the first truly digital asset that you can put on the electric network. That means the smarter we are with digital, the better job we can do powering the electric network,” Brett Galura, CTO at Fluence said, declining to disclose the acquisition’s price tag.
Nobel Prize-winning auction geniuses want to apply their findings to renewables
Stanford professors Paul R. Milgrom and Robert B. Wilson were awarded the 2020 Nobel Prize in economics for developing a new auction theory and new auction formats for goods and services. Their findings were already successfully used in the electricity energy sector and may now meet the challenge on how to better shape clean energy procurements.
Morning Brief: Solar power will be ‘the new king’ by 2030, fuel cell SPAC, advanced reactors get $160M
Even the profitless fuel cell industry can launch a SPAC, cheered on by the current mania for hydrogen technology. Lots more in today’s brief.
Energy Funding: IPOs, M&A, VC and grants for flow batteries, fuel cells, PV trackers and equitable access to solar
Another busy funding week with solar IPOs on deck and venture capital investments — but no cleantech SPACs in the last few day, at least.
Morning Brief: Solar going to the dogs, How clean energy can prepare for the next attack
Also in the brief: L3Harris Technologies and Lightsource bp are bringing a 135-MWac solar farm to Ellis County, Texas, California Governor Gavin Newsome considering the Salton Sea for lithium exploration.
Morning Brief: Revenue streams of CAISO batteries, Entergy still on the gas, New Hampshire NEM
Also in the brief: EPA raises legal questions about California’s plan to ban new gas-powered cars starting in 2035
Morning Brief: Energy secretary slams ‘radical environmentalists,’ touts gas and nuclear as California’s energy future
Also in the brief: $1 million fine at stake as Minnesota solar developers fault Xcel for project delays, more on interconnection.
Morning Brief: Duke Energy reaches deal with Sunrun, Vote Solar to modernize rooftop PV in South Carolina
Also in the brief: 67-MWdc Lotus Solar Farm in Madera County, California, developed by 8minute Solar Energy, is now fully operational. Plus First Solar’s secondary offering for the Waltons, and Natron gets $20 million for battery scale-up.
