Executive moves in solar, storage, cleantech, utilities and energy transition finance.
Also in the brief: Scatec Solar to buy state-owned hydropower firm SN Power in a $1.17 billion deal, Panasonic Solar and Service Finance Company rolled out a new home energy storage financing program.
The solar racking market has quiet revenues of billions of dollars and continues to consolidate — driven by equity firms such as Esdec and Tenex. The market segment has become a small hotbed of M&A. Who’s next?
A weekly round up of investments and exits in solar and energy transition technologies.
The Solar Mapper uses artificial intelligence algorithms that compile data extracted from satellite images. It can estimate solar site potential and indicate the best technology for the site.
“Storage is the first truly digital asset that you can put on the electric network. That means the smarter we are with digital, the better job we can do powering the electric network,” Brett Galura, CTO at Fluence said, declining to disclose the acquisition’s price tag.
An independent power producer, AEP OnSite Partners, will be the first to deploy Wärtsilä’s new storage product. The 9 MW/15.6 MWh battery system will respond to PJM market signals and reduce the city’s peak demand by about 9 MW, while saving $1 million per year in transmission and capacity costs
Another busy funding week with solar IPOs on deck and venture capital investments — but no cleantech SPACs in the last few day, at least.
The 4.1 MW array, developed by Next2Sun, was constricted with roughly 11,000 bifacial panels, provided by Chinese manufacturer Jolywood.
Born from an Oxford research group, the startup is looking to make its name by developing all-perovskite tandems, something no other company has done.
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