The company applied to the SEC to list its Class A common stock on the Nasdaq Global Select Market under the symbol “FLNC.”
The project would be right at home in Kern County, which already hosts multiple utility-scale projects in the 100 MW+ range.
The act would boost investment in U.S. solar manufacturing.
Energy produced by the facility will serve WPPI Energy member communities in three states under a 20-year power purchase agreement.
Also starting up: Omnidian raises $33 million for solar performance services, and Lilac Solutions grabs $150 million for lithium brine extraction.
A root cause report on a West Texas power disturbance found that, in many cases, the solar industry “is not proactively identifying abnormal performance issues” related to inverter-based resources.
Community solar development is set to accelerate as the program full capacity allotment is now available. Low-income customers have had their discount doubled.
Four energy storage companies were awarded $18 million as part of the Energy Department’s Long Duration Storage Shot.
The array will supply energy to a steel mill in Texas and is expected to reach commercial operation by the summer of 2023.
Ubiquity Solar plans annual production capacity of 350 MW of utility-grade PV cells and 1.5 MW of advanced space-grade PV cells for aerospace customers.
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