Decarbonized aviation attracts venture capital
Since 2016, some $2.4 billion worth of venture capital flowed to companies developing electric aviation and other air travel decarbonization technologies with a strong start in investment volume in 2024, according to Dealroom.co, a Dutch data and intelligence firm.
California has become rooftop solar and batteries NEM-esis
The transition to California’s new net metering, ‘NEM 3.0,’ regime was justified, in part, as a way to support residential energy storage installations but the state policy has pushed rooftop solar off a cliff.
Solar profits drying up
The Invesco Solar exchange-traded fund (ETF) under-performed the S&P 500 and Dow Jones Industrial Average (DJIA) stock indexes in January 2024. Jesse Pichel, a managing director at Roth Capital Partners, attributes this to logistics and apparent cashflow problems for some solar companies.
Renewable energy merger and acquisition opportunities for 2024
FTI Consulting said incentives in the Inflation Reduction Act could cause a “seismic shift” on the U.S. economy as a whole over the next 12 to 24 months.
Primergy secures $588 million for 408 MW solar project in Texas
Microsoft entered a power purchase agreement for 100% of the plant’s production.
The top five states for solar deployment in 2023
The Solar Energy Industries Association (SEIA) released an overview of the top states for solar installation last year.
Solar simulator for perovskite-silicon tandem PV cells, modules
A new measurment and solar simulator instrument designed for perovskite-silicon tandem cells and encapsulated mini-modules is the latest product from a collaboration between Canadian solar simulator supplier G2V Optics and U.S.-based measurement instrumentation company Sinton Instruments.
First Solar unit achieves world record CIGS solar efficiency of 23.64%
The new solar cell achieved a maximum power conversion efficiency of 23.75% and a certified efficiency of 23.64%, thus beating the previous world record of 23.35% achieved in 2019 by Japan’s Solar Frontier. The result was confirmed by the Fraunhofer ISE.
Proposed New York bill doubles residential solar tax credit to $10,000
The income tax credit is currently capped at $5,000. A proposed bill would double the cap and add provisions to enable low- to moderate-income residents to receive a refund payment.
IRS releases final rules for clean energy tax credit direct pay and transferability
The Internal Revenue Service (IRS) has released its final guidelines for the direct pay and credit transfer market created by the Inflation Reduction Act.
