Sunnova to participate in battery emergency program in Puerto Rico
Distributed solar and storage customers sign up with Sunnova to participate in the Flex Power Program. By compensating customers for the power supplied by their batteries, they are incentivized to participate in the program designed to provide energy that reduces strain on the grid and minimizes blackouts at critical times.
DOE announces over $450 million for solar-plus-storage in Puerto Rico
The funding will support the installation of solar and storage, as well as providing outreach to identify and connect eligible households.
Maxeon’s PV module capacity hits 2.5 GW in Mexico
Maxeon Solar Technologies says it has invested $70 million to upgrade its panel factory in Mexicali, Mexico, to 1.8 GW. The remaining capacity is provided by a 700 MW facility that the Singapore-based manufacturer operates in Ensenada.
Sunrise brief: Caltech researchers beam solar from space
Also on the rise: FEMA funds $97 million Puerto Rico microgrid with 15 MW solar, 12 MWh storage. Redflow to build 20 MWh redox-flow battery in California. And more.
FEMA funds $97 million Puerto Rico microgrid with 15 MW solar, 12 MWh storage
The microgrid project is a rare example of the allocation of disaster relief funds for rebuilding Puerto Rico’s grid with solar and storage.
CSI Solar announces initial public offering pricing on Shanghai Stock Exchange
Canadian Solar’s global module, battery and inverter solutions business is issuing 541 million shares, or 15% of 3.6 billion outstanding shares, at $1.17 per share (11.10 RMB) raising the equivalent of $848 million in proceeds.
Sunrise brief: Solar tariff moratorium remains in place
Also on the rise: Enphase launches IQ Battery 5P residential battery in U.S. and Puerto Rico. Solar energy in New York state covered record 20% of state power demand. And more.
Enphase launches IQ Battery 5P residential battery in U.S., including Puerto Rico
The IQ Battery 5P works in conjunction with the Enphase Energy System and can be configured for self-consumption, savings, or full backup functionality.
Powin signs manufacturing agreement with Jabil to produce 2 GWh U.S. storage systems
Powin has selected Jabil as its manufacturing partner to produce Powin’s Stack750 Centipede energy storage systems. Beginning in Q4 2023, Jabil will produce an initial annual capacity of 2 GWh, with plans to ramp up production to 4 GWh per year.
Maxeon raises $199.4 million in equity for IBC module manufacturing expansion
The producer of Maxeon and SunPower brand solar modules is raising capital from a $157.4 million underwriting of shares and a separate $42 million private placement with TCL Zhonghuan.
