Watch: Gravity-based renewable energy storage tower for grid-scale operations
Energy Vault secured $100 million in Series C funding for its EVx tower, which stores gravitational potential energy for grid dispatch.
People on the Move: Li-Cycle Holdings, Summit Ridge Renewables, Xcel Energy, and more
Job moves in solar, storage, cleantech, utilities, and energy transition finance.
Sunrise brief: FlexGen and Relectrify score big investment wins
Also on the rise: Terabase acquires a performance modeling software platform, Tigo launches a rapid shutdown device, and NV5 Global acquires Sage Renewable Energy.
FlexGen fuels growth with $150 million Apollo Global investment
The energy storage technology and services company said the investment will bolster its bankability as the energy storage market grows.
Relectrify closes multi-million dollar round of funding
The company will use the funds to expand its team, as it looks to show off the innovation of its cell-level battery management system and inverter technology.
Terabase acquires First Solar’s “PlantPredict” performance monitoring software
The software adds to Terabase Energy’s digital platform for utility-scale solar project development, engineering, and monitoring.
DOE grants aim to drive down inverter costs, advance PV fire prevention tech
Several of the projects also aim for lower costs for PV module materials or PV racking, as well as for lower defect rates on module assembly lines.
Solar power is targeted most often when California orders curtailments
Around 5% of utility-scale solar production was curtailed in 2020. Policy leaders are using a number of tools to reduce this waste of renewable energy.
NV5 Global acquires Sage Renewable
The deal is expected to help NV5 Global expand in clean energy systems, electric vehicle fleets and infrastructure, and asset management.
Arizona approves energy storage incentives for Tucson Electric customers
Regulators also approved expanding the utility’s community solar program and make 10 MW of solar capacity available for subscription.
