Clean energy funding roundup: batteries under solar panels, carbon capture acquisition, ultracaps
Yotta Energy just won seed funding to install batteries under solar modules — in an architecture analogous to microinverters and optimizers.
SolarEdge boosted by record solar revenues in Europe and strong residential growth
Despite the pandemic, residential solar growth continues. Commercial solar, always the problem child, is having trouble coping with the virus.
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.”
Despite revenue growth, Quick Mount PV to let 40 employees go and shutter California manufacturing
Despite strong revenue growth in the U.S., the racking company is abandoning its U.S. manufacturing (and rhetoric) to “create a globally diversified supply chain.” Quick Mount was acquired by Netherlands-based Esdec last year in a roll-up of U.S. racking companies.
European consortium bid to bring 25.4%-efficient heterojunction-IBC solar cell into mass production
The EU-funded Nextbase project aims to manufacture heterojunction, interdigitated back-contact solar modules for less than €0.275/W. Solar panels featuring the Nextbase cell tech are expected to have a conversion efficiency of 23.2%, according to the European Commission.
Updated: A roundup of venture capital funding in clean energy
Batteries have won the lion’s share of recent cleantech venture capital — but here are some recent funding rounds for fusion, graphene, electrical panels, circuit breakers, geothermal drilling and direct-air capture of CO2.
Climeworks just raised $75M to pull CO2 out of the atmosphere
Direct-air capture, along with its mythic sisters, clean coal and carbon capture and sequestration, is a process where CO2 from fossil generators and industrial sources is captured, treated and injected into underground earth formations for permanent storage or for industrial use.
Morning brief: Trump’s war on solar, Europe’s biggest green hydrogen project
Also in the brief: The $400 million, 500 MW PV project in Oman, Tampa Electric Company is looking to double its solar capacity, New York passes renewable siting legislation and more.
Morning Brief: Reporting from Shanghai on implications of the outbreak on the solar supply chain
Also in the brief: Enphase ships storage; homeless encampments using secondhand solar; big batteries.
Your guide to solar market growth in the global ‘gigawatt club’
Some 15 countries are able to lay claim to the status of being members of solar’s “gigawatt club” in 2019, according to projections from BloombergNEF. To kick off 2020, pv magazine’s global team of correspondents and editors have highlighted 10 fast-growing solar markets to evaluate where the opportunities, and potential risks, lie.
