Fossil fuels already peaked, growth in renewables exponential
The Rocky Mountain Institute said global demand for fossil fuels peaked in 2019, and renewables are occupying that demand due to low costs and shifts in global capital.
FREYR Battery signs 10 GWh plus battery agreement
The non-binding agreement with Impact Clean Power covers batteries produced through 2030 and may be worth $1.8 billion.
LG Energy Solution and Hanwha Group partner on battery development
The South Korean partners will invest in ESS-exclusive battery production lines in the U.S. and develop technologies for ESS battery solutions.
Tigo Energy raises $50 million from L1 Energy
Tigo’s new capital is from L1 Energy, an investment fund of LetterOne (L1), which manages $6 billion in energy investments worldwide.
Nextracker to go public
Flex announced that its subsidiary, Nextracker, has publicly filed a registration statement for an initial public offering.
Sunrise brief: Construction begins on one of the largest solar projects in the U.S.
Also on the rise: Renewable energy commercialization center to be built next to NREL. GameChange Solar launches 1P-2Row Genius Tracker. And more.
500 MW compressed air energy storage project in California secures offtaker
Under a 25-year agreement valued at nearly $1 billion, a California community choice aggregator will purchase 200 MW of 8-hour energy storage from Hydrostor’s planned 500 MW facility.
Ørsted to commence construction on 471 MW Texas solar project
The facility, which is expected to begin construction this month, ranks within the top ten largest solar projects in the United States.
Colorado renewable energy research and commercialization center to neighbor NREL campus
The State of Colorado selected NexCore to build the 40-acre Glo Park renewable energy center.
GameChange Solar launches 1P-2Row Genius Tracker
This is the third recent product launch by the U.S. tracker manufacturer, which also announced increased domestic manufacturing capacity to 24 GW annually.
