On the company’s Q4 earnings call, the world-leading EV manufacturer again prioritized delivering cars over growing low-margin energy storage products, while solar products were barely noted. Both verticals grew though, solar by 68% and storage by 32%.
Also on the rise: LBL report looks at compensating customers for grid-connected batteries. Supply chain problems that drove up costs of solar power equipment will ease in 2022. Efforts to retrieve lithium from geothermal brine increasing in popularity. Encore Renewable Energy, The Brattle Group, ACORE and others announced new hires.
A local drone pilot found that solar panels, racking, and inverters are starting to be stationed on the roof of Tesla’s manufacturing facility under construction in Texas.
Also on the rise: Clean energy bonds issued in California, EV charging stations with integrated advertising space, DART mission uses solar power to redirect Earthbound asteroids, and the Bezos Earth Fund supports tribal-led program.
The lawsuit stems from a 2019 whistleblower complaint alleging that the company failed to properly notify its shareholders, customers and the public of fire risks associated with solar panel system defects over the course of several years.
Also on the rise: D.E. Shaw lines up financing for a 149 MW solar project, Sunnova prices its latest securitization, and DOE awards $40 million for solar innovation projects.
More than $200 million in equipment will be sold as Tesla plans to ramp up and expand operations at a Buffalo manufacturing facility.
Tesla Megapacks will be installed at California load centers in a four year series of projects called the Falcon portfolio.
The state’s Energy Commission wants to grant licenses in less than 45 days for battery energy storage systems 20 MW or larger in size.
Also on the rise: Three startups that aim to change the solar and clean tech sectors, battery companies join effort to improve cycling performance, solar PV shipments rose in 2020 as demand grew and costs fell, and more.
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