SolarEdge stock jumps on Q2 revenue beat and solid earnings — despite Covid-19
SolarEdge was able to keep its streak of profitable quarters going — in what was expected to be a hard-hit quarter for solar. The company sees “signs of recovery in the U.S.”
Electrolyzer overview: Lowering the cost of hydrogen and distributing its production
Electrolyzer manufacturers are in agreement on the goal of rapidly reducing investment costs, mainly through economies of scale. Some are embracing large units, while others are betting on quantity over size. The first approach is attractive for operators of large PV plants, while the latter is better suited to operators of small systems.
Morning Brief: China labor is returning, expected to be at 70% in March and over 90% in April
Also in the brief: The coronavirus response reduced electricity demand in every country across Europe last week
Lessons to be learned from Italy’s alleged PV recycling fraud
The alleged resale in developing countries of solar modules sent for end-of-life recycling in Sicily could have an important lesson for the PV industry: select reliable recycling entities to avoid potential trouble further down the line. The PV industry should also avoid another potential risk, that of the illegal disposal of PV waste outside the EU.
Morning brief: Blackstone buys energy storage developer, Spruce solar acquisition spree continues, PV on schools
Also in the brief: Why has the number of K-12 schools powered by solar doubled in just three years? $89M energy storage pilot starts work in France, plus — a mighty wind.
Italian PV panels destined for recycling were instead smuggled to Syria and Africa
Illegally re-badged panels were sold to Senegal, Burkina Faso, Nigeria, Morocco, Mauritania, Turkey and Syria. Italian authorities found 60 tons of panels.
French solar institute and Enel announce 24.63% efficiency for heterojunction solar cell
The efficiency of the cell, made with a standard M2 wafer, was raised 0.7% by using an improved busbar-free screen printing metallization based on heterojunction processes developed with manufacturing equipment provided by Swiss specialist Meyer Burger.
ABB exits solar inverter business
This Swiss giant is following a trend as large multinational high-tech companies see their role as redesigning infrastructure rather than supplying inverters at ever lower margins. Schneider Electric has pulled out of large scale solar, Siemens’ Kaco acquisition and Junelight launch show increasing interest in the C&I and residential markets, and GE is likely to divest its power conversion business due to low profit margins in that sector.
The Pope, big oil and bankers are talking carbon taxes
Pope Francis held a closed door meeting at the Academy of Sciences with the CEOs of oil firms and investment firms to address climate change, with a group committing to support an “economically meaningful” carbon price.
From the editor: Renewable energy and information pollution
A recent article in Bloomberg View illustrates clearly the mythology and misinformation that abounds regarding renewable energy, which in many cases is spread by the media.
