Sunnova misses on Q3 earnings, posts sunny forecast for 2024
The energy-as-a-service provider had more losses than the expected consensus, but its stock rose based on an optimistic view for 2024.
Group interconnection studies: Beneficial but not a panacea
IREC’s latest analysis compares group studies with serial solar interconnection studies, concluding that while group studies can help manage queue challenges, they don’t significantly expedite necessary grid upgrades.
Organic flow battery developer nets $106 million growth investment
CmBlu received funding to scale its long-duration energy storage systems.
Sunrise brief: New York announces largest state investment in renewable energy in U.S. history
Also on the rise: California proposes “blatant seizure of property” in solar ruling. Panasonic unveils new residential heat pumps. And more.
California 200 MW / 400 MWh battery storage project nets $60 million credit facility
First Citizens Bank put forth the financing for the project, located in Imperial County.
Solar-plus-storage at site of decommissioned gas-fired plant in California
A ribbon cutting was held recently for the Daggett Solar + Storage plant, one of the largest operating hybrid facilities in the country.
California proposes “blatant seizure of property” in solar ruling
The California Public Utilities Commission is set to vote on a virtual net energy metering program that would force renters to sell solar generation to the utility and buy it back at a higher rate, outlawing them from consuming their electricity directly.
Construction starts on 27 MW behind-the-meter solar for California water treatment plants
The City of Fresno and ForeFront Power began construction on the three projects, which will also include 2.3 MW of energy storage.
Residential solar is getting crushed by high interest rates and regulatory changes
Many installers are filing for bankruptcy and stocks have crashed 15% to 30% or more based on weak guidance.
Sunrise brief: Enphase launches home EV charger
Also on the rise: Downward trend for PV module prices losing momentum, California sets first appliance standards to balance renewables, and more.
