Despite higher earnings in Q3, the company lowered its Q4 22 guidance to $44 million to $49 million, compared to the consensus of $73 million, reflecting recent acquisitions of European assets taken on its balance sheet.
Also on the rise: Michigan’s regulator appears friendlier to solar. Canadian Solar’s battery business inks a large supply agreement for a global investor. And more.
The University of Connecticut’s Eversource Energy Center will develop technologies to shorten power outages.
The commercial and industrial PV developer grew its portfolio over the last quarter by acquiring a 100 MW portfolio of assets in 5 states.
$15 billion of the funds appropriated under the Inflation Reduction Act will support low-income and disadvantaged communities, including $7 billion for zero-emission technologies such as rooftop solar. The other $12 billion will support additional investments in low- and zero-emission projects.
Also on the rise: New home battery can provide backup power as well as smart time of use charging/discharging. Connecticut to allow distributed resources to compete with distribution grid upgrades. And more.
Connecticut would join five other states in enabling distributed storage, solar and other non-wires alternatives to compete with traditional distribution system capacity upgrades, under a program being finalized by Connecticut regulators.
With the emerging energy justice agenda, US policymakers could use incentives to help low- to moderate-income households adopt solar, according to a recent Lawrence Berkeley National Lab report.
Also on the rise: Largest solar project in Wisconsin gets regulatory approval. Aspen Power to acquire 53MW of community solar projects from Trajectory Energy Partners. 6K awarded $1.5 million Massachusetts manufacturing grant to fund battery recycling equipment. Solar anti-circ investigation may not be determined by Commerce until late August, said ROTH.
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