This substantial investment signals software’s critical role in driving the mainstream adoption of solar.
Many of my VC compatriots in Silicon Valley still sneer at the SPAC, and several I know actively encourage their portfolio companies to avoid SPAC sponsors.
“A product for also-rans who can’t go public the normal route.”
“Frankenstein financial engineering for speculators and amateurs.”
To which I say, BALDERDASH!
Also: Despite a rosy forecast, creating energy storage projects with competitive economics has been an elusive endeavor. Plus, rate design innovations are boosting the energy transition and Plug Power raises $1 billion for U.S. green hydrogen infrastructure build-out.
Victory in the economic realm (increasingly the case with solar, solar-plus-storage and wind) is no guarantee of market victory if the regulations are stacked against renewables.
Also in the brief: A New Mexico regulator has recommended denial of El Paso Electric’s planned expansion of the Newman Generating Station, Gemserv has launched a digital platform aimed at helping businesses transition to electric vehicles and more.
The projects will each be among the largest installations in their respective states and advance Cubico’s expansion into the American solar market.
This year’s pv magazine Quality Roundtable USA looked at extreme weather, and how resiliency can be built through modern O&M. Representatives from DuPont, Stäubli, Nextracker and RETC took to the virtual stage to discuss weather-related damages, and how to harness quality materials and workmanship to industry’s advantage, particularly when it comes to insurers. Ariel Re and NovaSource, meanwhile, looked at issues like risk management insurance solutions and asset stabilization. Case studies and presentations on the field performance of PV modules, and extreme hail and fire, were also included.
“Because economies were shut down, we also had concerns about the companies in which we had investments, and we had to think about how we could help those companies get through the pandemic.”
Also in the brief: how the Clean Energy Equity Act can help NJ rebuild better, Dominion signs a power contract for a 75 MW project in Virginia and more.
Executive jobs and job moves in solar, storage, cleantech, utilities and energy transition finance.
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