Ironridge shareholders sue Esdec over 2019 merger, allege fraud
The shareholders have filed a lawsuit alleging that Esdec concocted a plan to defraud them and has been avoiding buyout payments.
Sunrise brief: Work starts on 300 MW solar plus storage project
Also on the rise: Rural utilities add solar to support growth, the biggest deals of 2020 in solar finance, and CAMS acquires an O&M provider.
5 takeaways from a new NREL report on electrification’s future
The report looks at the potential impacts of widespread electrification on the U.S. electricity system—specifically, generation and transmission infrastructure investments, fuel use, system costs, and emissions.
Minnesota Power targets 100% carbon-free energy by 2050
The utility plans to retire or convert its remaining coal-fired units and procure more wind and solar power.
Canada Infrastructure Bank inks MOU for massive energy storage project
The federal corporation said the Ontario project will be the largest battery energy storage facility in Canada and among the largest in the world.
Amazon to share 120 MW of solar with D.C. suburb
The company and the county agreed through a virtual power purchase agreement to offtake generation from Dominion Energy’s upcoming 120 MW solar facility in Virginia.
Sunrise brief: NREL ups its cybersecurity research capabilities
Also on the rise: Tenaska could add 300 MW of solar to Indiana, advocates appeal an unfavorable ruling in Alabama, and a novel approach to combining solar and wind at one site.
Water use in the West can hurt…or help…the energy sector, report says
The researchers said this is one of the first studies to show that water sector adaptation can have as large an impact on the electricity sector as the direct effect of climate change itself.
Clear clogged interconnection queues with transmission planning: report
Interconnection queues, in which solar, wind and storage make up 90% of the projects, are “excessively slow, creating a backlog of unbuilt projects.” The culprit is inadequate transmission planning, says a new report.
Total corporate funding into the solar sector rose 24% in 2020
Despite a slow start and a downturn in venture capital and private equity funding, total funding saw a significant rise, including the largest amount of projects acquired in a single year to date and the largest amount of securitization financing ever in a year.
