Sunnova

Sunnova Energy International, a residential solar, storage, and adaptive services company, announced declining revenues and an increased focus on cash generation in its Q1 2024 earnings report.

Over 2,000 locations will host Sunnova representatives helping customers start their inquiry into solar, storage, and home energy management.

Solrite Energy says its new power purchase agreement has more agreeable finance terms due to the ability of distributed solar-plus-storage to make money as part of a virtual power plant.

Also on the rise: Solar power purchase agreement prices rise 15% year-over-year. Maine blueberry grower goes solar. And more.

Also on the rise: U.S. House Energy Committee expresses outrage over solar sales tactics. Trends in U.S. grid-scale energy storage. And more.

Committee sent a letter to Jigar Shah’s Loan Program Office asking questions about Sunnova’s sales tactics and customer support, in light of their recently granted $3 billion VPP guaranteed loans.

The Inflation Reduction Act and Bipartisan Infrastructure Law mark an epochal shift in the landscape of clean energy policy, heralding a new era for the solar and energy storage sectors in the U.S.

Also on the rise: TotalEnergies adds a 280 MW Texas solar facility to its portfolio. Sunnova misses on Q3 earnings, posts sunny forecast for 2024. And more.

The energy-as-a-service provider had more losses than the expected consensus, but its stock rose based on an optimistic view for 2024.

Also on the rise: California ends summer with 5 GW energy storage record. Sunnova secures $3 billion Department of Energy loan. And more.