SunPower secures $450 million to support loan business
The capital raise is expected to support SunPower’s residential solar and storage loan program.
Maryland passes energy storage target of 3 GW in 10 years
It is now the 10th U.S. state to set a goal for energy storage procurement.
Invoke eminent domain, Marshall Plan for renewable energy, said JP Morgan CEO
Jamie Dimon placed the energy transition in the crosshairs in a letter to shareholders.
Global consensus shows solar must grow over 7,000% by 2050 to decarbonize
Just over 1 TW is installed to date, but a global coalition of national research institutions said 75 TW or more will be needed by mid-century to meet decarbonization goals.
Renewables to represent 69% of U.S. capacity additions through mid-century
The Energy Information Administration said the Inflation Reduction Act may lead to a cumulative 1.4 TW of solar by 2050.
Sunrise brief: Energy community guidance is in
Also on the rise: Rhode Island’s Solar Neighborhoods Act would mandate solar on parking lots and new construction, a battery materials manufacturer commercializes a new silicon anode with a promised 20% boost to EV range, and more.
Guidance released for energy community 10% tax credit adder
Renewable energy developers received guidance from the Internal Revenue Service on an important Inflation Reduction Act provision.
Rhode Island considering solar for all new construction and parking lots
The Solar Neighborhoods Act aims to mandate solar power systems covering at least 80% of the site’s electricity usage, or at least 50% of a parking lot area, while also proposing EV charging infrastructure requirements.
Tracking clean energy initiatives under the Inflation Reduction Act
A new website called IRAtracker.org clarifies how the Inflation Reduction Act is taking shape and being implemented across more than a dozen federal agencies.
Ultrathin solar cells self-repair radiation damage in space
Third-party testing confirms a high level of resilience to the conditions of space in silicon-based solar cells developed by Arizona-based Solestial.
