Crux raises funds as it builds market for transferable clean energy tax credits
The $18.2 million in funding will help Crux grow its team and scale the volumes of annual transferable credits into the billions, the company said.
Sunrise brief: California unlikely to reach clean energy targets without rooftop solar
Also on the rise: Solar and storage accounts for one-third of transferable tax credit market in 2023. Zero-emissions mobile off-grid EV charging trailer. And more.
U.S.-made optimizers to maximize manufacturing tax credits
Solar optimizer manufacturer, Enteligent, is transitioning its production facilities to the United States in a strategic move aimed at enabling inverter manufacturers to fully capitalize on the Inflation Reduction Act’s (IRA) $0.11/W transferable tax credit.
IRA creates 100,000 clean energy jobs and attracts $110 billion in private investments
The Inflation Reduction Act of 2022 is ushering in a new decade of U.S. clean energy manufacturing and installation.
Building a U.S. battery supply chain
U.S. demand for battery energy storage systems will grow six-fold by 2030, according to a recent report by SEIA, but only with serious investment, coordination with experienced manufacturers and collaboration with allies.
First Solar closes $700 million in tax credit transfer sales
The solar panel manufacturer closed the sale of Inflation Reduction Act tax credits.
Waaree Energies to build 5 GW solar cell, module factory in U.S.
India’s Waaree Energies says it will build a solar module manufacturing facility with an initial capacity of 3 GW per year by December 2024. It plans to ramp up to an integrated 5 GW cell facility by 2027 and has already secured an offtake contract with SB Energy.
Trends in U.S. grid-scale energy storage
The IRA’s investment tax credit for energy storage along with increased utility adoption are critical drivers in the growth of energy storage; however, challenges remain in the build-out of the manufacturing of storage needed to support the U.S. goal of getting to net zero.
Guidance released for 45x clean energy manufacturing tax credits
The IRS has released guidelines for attaining the lucrative manufacturing credits contained within the Inflation Reduction Act.
SMA to build 3.5 GW inverter factory in U.S.
SMA Solar Technology AG says it will open a new 3.5 GW inverter factory at an unspecified location in the United States in 2025. The German manufacturer is currently talking with several U.S. states and potential partners to select the best production site.
