Morning Brief: New Zealand invests in flow batteries, ‘NextGrid’ goes off the rails
Also in the brief: Tesla’s Q Con virtual power plant presentation, the University of Arkansas’ solar design contest, M&A during the pandemic, dodecahedrons and more
Pandemic-related uncertainty in the US solar industry — and the case for an ITC extension
Renewable energy industry officials are hopeful that a post-pandemic comeback is possible in 2021 but, “Supply chain issues haven’t played out yet,” said George Strobel of Monarch Capital.
Q Cells takes top share of the US distributed solar module market
The company claimed 25.2% of the residential solar module market, while controlling 13.3% of the commercial and industrial market, according to WoodMac’s Q1 2020 U.S. PV Leaderboard. The achievement marks the first time Q Cells has topped both markets, as well as the first time any company has held a residential market share of 25% or greater.
Electricity consumption up for pizza and liquor stores, down for dry cleaning and religion
Electrical demand across most, but not all, industries is down due to the pandemic. Yet, while hospitals and pizza shops drive demand, it remains to be seen how much of this new load will be met with renewable energy.
Morning Brief: What does the pandemic mean for the energy transition?
Also in the brief: Michigan solar installers say their future depends on lifting the energy cap. Plus, chickens.
California values distributed energy resources fairly — and ratepayers score a big win
Until now, the value of distributed energy resources has been robbed by as much as 50% because the CPUC’s avoided cost calculators did not include avoided transmission costs in valuations of DERs.
Job moves at NEXTracker, Tesla, Fluence, Mosaic, Vote Solar, Voltus, Nomura Greentech
Executive and boardroom moves in solar, storage, cleantech, utilities and energy VC.
Battery startup FreeWire raises $25 million in funding
The funding was led by an existing investor of FreeWire, BP, and will allow the company to commercialize its upcoming Boost EV Charger, as well as expand operations across the United States and into Europe.
Morning Brief: 8minute Solar adds 3 GW of large-scale solar projects to the pipeline, Total wins projects in France
Also in the brief: California regulators will include avoided transmission costs to the valuation of distributed energy resources, the Southeastern Pennsylvania Transportation Authority has signed two power contracts, Philadelphia has reopened its Solarize Philly program and more.
Fitch rates 550 MW First Solar-installed Topaz project notes at ‘C’ despite superb performance
The credit rating of the Topaz project has been at “C” since 2019 because of the liability of having a bankrupt offtaker — PG&E. In the meantime, the ratings document affords some insight into mega-project finance and power generation performance.
