Half of the funding is coming from a $50 million equity investment and the other half from a green loan, which will enable Silfab to scale its solar cell manufacturing plant in South Carolina.
After this initial acquisition of 151 MW, the European independent power producer plans to build a portfolio of up to 2 GW in the U.S. by 2030.
In a partnership with Duke Energy valued at an estimated $248 million, the U.S. Department of Defense will be the exclusive purchaser of all output generated by two new solar facilities, which will serve five military bases.
Allowing flexible interconnection for large solar projects can reduce costs and speed deployment, benefiting developers, ratepayers and utility staff, said a presenter at a North Carolina conference of utility regulators.
Researchers at the University of South Carolina have successfully transitioned their highly-durable lithium-sulfur battery technology from coin to pouch cells and reported competent energy densities.
State-by-state insights shared at the RE+ Southeast conference held in Atlanta this month.
If approved, the project will be sited adjacent to the operational Robinson Nuclear Plant.
The company invested $150 million in a new manufacturing operation in South Carolina and released new residential and commercial solar panels.
Erthos projects span five states across U.S. including one on tribal land in Utah.
President Biden delivered a speech celebrating the $500 billion in recent private investment in U.S. manufacturing. Solar inverter manufacturer Enphase announced its first shipments from a U.S. contract manufacturing facility, owned and operated by Flex.
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