Also on the rise: Enphase Energy microinverter receives first UL interconnection certification. Arkansas judge upholds full rate net metering. Renewable energy advocate, Glick, nominated for another FERC term. And more.
SolarEdge has reported record revenue in its latest three-month update and expects to have even more business in the second quarter, even if gross margin and profit has declined.
Also on the rise: Solar farm in Baltimore City to power university medical system as well as low-income area residents.NJR Clean Energy Ventures breaks ground, or rather water, on 9 MW floating solar project. Top ten hybrid solar and storage plant observations. 22 Senators call on Biden to end anti-circumvention investigation.
Enphase expects the volume of business generated to rise again for the April-June period, accompanied by another bump in battery shipments.
A recent offering of 2 million shares at $295 arms the company with capital for “acquisitions and general corporate purposes.” Philip Shen, managing director, ROTH Capital Partners said in an industry note the offering was “well timed,” reiterating a buy rating.
Microinverter provider Enphase entered an agreement with Swell Energy to participate in distributed virtual power plants in California, New York, and Hawaii.
Semper Solaris will install Enphase’s IQ microinverters and batteries. The microinverters have the ability to island the home off-grid in the case of a power outage.
Also on the rise: Enel project joins portfolio of energy + storage installations in Texas. ESS microgrid to provide critical backup to fire-prone region of California. AES acquires Community Energy Solar, bringing U.S. pipeline to more than 40 GW.
Rebates are offered to home battery-owning customers who share data or dispatch power during peak hours.
A quarterly update top-loaded with promising business growth in the company’s residential segment revealed commercial and industrial operations supplied an $8 million loss to the three-month figures, with supply chain issues and project timetables blamed.
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