Array Technologies IPO to raise $100 million: 6 takeaways from the S-1
Profitable solar tracker company Array Technologies is going public the old-fashioned way and eschewing the SPAC method being employed by other renewable companies such as QuantumScape and ChargePoint. Did we mention the company was profitable?
Morning Brief: Duke alleged to violate state law by building gas capacity without approval
Also in the brief: General Electric is selling its investment in 11 of its startups to 40 North Ventures, power lines are key to New Mexico becoming a renewable leader.
Solar-plus-storage has a 99.8% capacity value in California
“The energy from solar can consistently charge a 4-hour storage device having the same installed capacity” prior to the hours of peak demand, says a new study. In Arizona and New Mexico the capacity value is 99%.
Morning Brief: California ISO brings the largest battery storage resource in the nation online
Also in the brief: IREC on energy storage interconnection, Wunder Capital and partners to invest more than $100 million in U.S. commercial solar, Photosol buying land rights near coal plants with eye toward transmission, and NREL on recycling solar panels.
More utilities bypassing natural gas bridge and going straight to renewables
Utilities that are transitioning away from coal are starting to view the creation of a natural gas “bridge” to renewable energy as an unnecessary step.
Advocates seek solar on all new houses in ten states
“The most efficient time to install solar panels is when the builders are on the roof in the first place,” said Bronte Payne with Environment America.
Solar opportunities ‘ignored’ across 100 million acres in the Southwest
The Bureau of Land Management “has ignored most possibilities” for utility-scale solar “on its vast land holdings across the solar-rich Southwest,” says a paper. Renewable energy development accounts for less than 1% of economic activity on BLM lands, while oil and gas account for 70%, according to BLM data.
Record low solar PPAs in the Southwest mean ‘carbon capture is not going to save coal plants’
Recently approved solar PPAs could spell trouble for proponents of retrofitting the state’s San Juan Generating Station to capture the coal-fired plant’s carbon dioxide emissions.
Replacing peakers with storage to achieve the greatest health benefit
Regulators and community groups can use a new interactive resource to see the emissions impacts of existing and proposed peaker units. Storage developers may also find the tool helpful, to identify peakers likely to be replaced.
The world added .115 terawatts of solar power in 2019 for a cumulative .629 terawatts
IEA PVPS report: Global solar demand increased by 12% in 2019 compared to 2018 — but that was BC. According to the report, photovoltaics provided just under 3% of global electricity needs in 2019.
