Canada formalizes six-year 30% federal ITC credit, among other incentives
The made-in-Canada plan mirrors the U.S. Inflation Reduction Act, including two new ITCs targeting clean energy and technology manufacturing that will remain at 30% through 2033, stepping down to 15% in 2034 before phasing out altogether after 2034.
North America represents 21% of global energy storage market by 2030
The global energy storage market is growing at a strong 23% compound annual growth rate, with annual additions projected to reach 88 GW/278 GWh in 2030, or 5.3 times the expected 2022 level for new installations, according to BloombergNEF’s 1H 23 energy storage outlook.
Fast EV charging market to grow sixtyfold by 2050
With more than 70 EV charging networks currently deployed in North America, a Wood Mackenzie report forecasts rapid growth.
Sunrise brief: Solar panel imports are picking up after months of detainment gridlock
Also on the rise: Inside transferability, or selling renewable energy tax credits. Polar Racking 19 MW Axsus tracker order for N.Y. community solar portfolio. And more.
Innergex acquires 60 MW solar portfolio in Ontario
The portfolio includes the Sault Ste. Marie 1, 2, and 3 facilities, and is expected to generate annual revenues of approximately $33.1 million in 2023.
Silfab Solar raises $125 million for U.S. cell and module manufacturing
The North American module manufacturer announced a second investment round from ARC Financial Corp.
Solar field robot mower receives SOLV Energy seed funds
Canada’s Swap Robotics received $7 million to scale its robotics-as-a-service offering.
Solar tower of power shows benefits of vertical installations
Three Sixty Solar, a commercial and utility solar developer, published a report this week that provides background on its vertically-mounted solar system’s initial 16 months in operation.
Weekly Solar Earnings Recap: REC Silicon, Sunrun and Sunnova
pv magazine USA’s recap of notable upstream solar, integrated solar, finance and rooftop installers that reported fourth quarter or fiscal year earnings over the last week.
Inverted perovskite solar cell achieves 23.9% efficiency, high durability
A U.S.-Canadian group of scientists used Lewis base molecules to improve surface passivation in a perovskite solar cell. The team produced a device with a high open-circuit voltage and remarkable stability levels.
