J.P. Morgan commits $680 million tax equity financing for solar and storage
The funds support project developer Ørsted’s portfolio in Texas and Arizona.
“Green zealots” scare Florida administration from 100% renewable goal
In a significant policy reversal, Florida has scrapped its renewable energy targets for 2050, imposed a complete ban on offshore wind projects, and eased regulations for gas pipeline expansions.
The Hydrogen Stream: Nikola to sell 100 fuel-cell hydrogen trucks to Port of LA
In a hydrogen news roundup: Nikola plans to sell 100 hydrogen fuel-cell trucks for logistic operations in California, Volvo has started developing hydrogen combustion trucks, and Airbus has announced plans to launch a study into hydrogen projects in the US state of Georgia.
Solar industry panel cautions about 2025 Texas Legislature
According to BloombergNEF’s just released 1H 2024 US Clean Energy Market Outlook, Texas promises to top the charts in terms of solar, wind and battery storage deployments in the period from 2024 to 2035. But it’s position as the number one U.S. state for renewable energy is not a given, as panelists made clear at last week’s RE+ Texas conference in Houston, Texas.
Solar peaks at 123% of grid, supplies 31% of California’s April electricity
The Golden State set multiple clean energy records in April, with solar power increasingly dominating the grid, supported by robust energy storage solutions.
What tax credit transfer buyers need to know about IRA compliance
The key to ensuring expected financial returns from the IRA comes down to a single word: compliance, and tax credit compliance is fraught with risk and complex to manage.
Sunrise brief: Rooftop bladeless wind energy innovation secures $9 million in funding
Also on the rise: A faltering SunPower now offers Tesla Powerwall 3 to residential solar customers. California is now a batteries-included rooftop solar market. And more.
California is now a batteries-included rooftop solar market
About 60% of customers have included battery energy storage with their rooftop solar installation, up from roughly 10% prior. However, a “sustained downturn” is expected for the market.
SunPower now offers Tesla Powerwall 3 to residential solar customers
SunPower Financial reported it has expanded its suite of solar financing options to include loan and lease financing through Mosaic for Tesla battery installations.
Bladeless wind energy innovation aims to compete with rooftop solar
A compact, “motionless” wind turbine with a magnetic generator designed for large commercial rooftops provides 5 kW of capacity per unit. Aeromine Technologies secured Series A funding for scaling its innovative design.
