Solar racking companies are getting acquired in a consolidating market: Who’s next?
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?
Blackstone enters the electric bus and van race, plus the return of seed-stage solar investing
A weekly round up of investments and exits in solar and energy transition technologies.
Total and Google Cloud develop tool to predict rooftop PV potential
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.
Fluence acquires Advanced Microgrid Solutions, in bid to help customers monetize storage, renewable assets
“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.
Wärtsilä’s 9 MW battery storage system reduces a city’s demand peaks, saves transmission costs
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
Energy Funding: IPOs, M&A, VC and grants for flow batteries, fuel cells, PV trackers and equitable access to solar
Another busy funding week with solar IPOs on deck and venture capital investments — but no cleantech SPACs in the last few day, at least.
Agrivoltaic project with vertically mounted bifacial panels goes online in Germany
The 4.1 MW array, developed by Next2Sun, was constricted with roughly 11,000 bifacial panels, provided by Chinese manufacturer Jolywood.
Swift Solar looks to reinvigorate and push the perovskite market forward
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.
Soltec plans IPO — another solar tracker company going public
The Spanish solar tracker builder is hoping to debut on the stock markets of Madrid, Barcelona, Bilbao and Valencia this year. American solar tracker company Array Technologies has also filed to go public.
Nuclear ‘not an effective low carbon option’
Researchers in the UK have analyzed 25 years of electricity-production and carbon emissions data from 123 countries. Their findings show renewables are considerably more effective than nuclear in reducing carbon emissions from energy generation and that the two technologies tend to get in each other’s way when considered in a joint approach.
