Sunnova misses on Q3 earnings, posts sunny forecast for 2024
The energy-as-a-service provider had more losses than the expected consensus, but its stock rose based on an optimistic view for 2024.
Sonnen unveils “NEM proof” function for solar batteries
The company released an optimized time-of-use solution to unlock value under California’s net energy metering 3.0 electric rate environment.
Sunnova secures $3 billion Department of Energy loan
The agreement will advance Project Hestia, a low-income distributed clean energy program.
Sunrise brief: U.S. energy storage sets Q2 high water mark
Also on the rise: Not all ‘lithium-ion’ batteries are dangerous. Solar industry should focus on virtual power plants, says DOE’s Jigar Shah. And more.
Solar industry should focus on virtual power plants, says DOE’s Jigar Shah
With the days of solar net metering “numbered” and more utilities looking to deploy virtual power plants that compensate owners of distributed storage, industry veteran Jigar Shah sees virtual power plants as a route to industry success.
Sunrise brief: Arizona to vote on 37% slash to solar net metering
Also on the rise: Microsoft invests in 6.6 MW solar facility in Mississippi. Texas to activate its first virtual power plants. And more.
Texas to activate its first virtual power plants
A pilot project tests how consumer-owned small energy devices like batteries, generators, electric vehicle chargers and more can be virtually aggregated and participate in the wholesale electricity market.
SolarEdge joins Xcel Energy’s virtual power plant incentive program in Colorado
The Renewable Battery Connect initiative will call on home battery owners to discharge power to the grid when electricity demand is especially high, and provide them with financial incentives in return.
Leap raises $12 million to expand virtual power plant business
The funding round was led by Standard Investments with several other investors participating.
Turning EV charging centers into islanding solar microgrids
An electric bus charging station on Martha’s Vineyard is using microgrid controllers to turn solar-plus-storage EV charging centers into microgrids that provide power when the grid goes down.
