Shares of Vivint dropped after the solar installer/financier posted a larger-than-expected fourth-quarter loss and sales missed expectations. Vivint posted a net loss of $33.5 million, compared with a loss of $12.9 million, in the year-ago quarter.
“2019 was a remarkable year for energy storage and the record-breaking fourth quarter numbers reaffirm the industry’s tremendous growth.”
Also in the morning brief: Solar irradiance and coal deliveries fall, Schletter goes with extra-strong pile-driven foundations
Also in the brief: A great month for solar in Oahu, Connecticut’s two biggest electric utilities are “dragging their feet” on shared solar, and Ørsted in Rhode Island.
Also in the brief: Engie and JLL develop an energy program for State Fund, Oklahoma Gas and Electric is set to develop solar projects for the Chickasaw and Choctaw tribes, PG&E pays Topaz in January.
Cutting costs and integrating clean energy with local reactive power generation.
Also in the brief: Solar Support partners with SEMIKRON to tackle utility-scale inverter stack shortage, investors say changes at Hawaiian Electric can ‘happen fast,’ Dynamic Energy sells 11 MW solar + storage portfolio to Amp Energy and more.
Solar contractors added another 1.8 gigawatts of small-scale solar in the ten sunniest states last year. In Hawaii and California, solar groups described their ambitious policy goals to keep the momentum going.
“Smart imports” could be the solution Hawaii needs. Two new bills that would allow smart imports are pending this month in Hawaii’s 2020 legislative session.
Stem, a behind-the-meter energy storage startup that has raised hundreds of millions, is up for sale, according to reports in SparkSpread.
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