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Month: July 2024

DOE announces $861 million loan for utility-scale solar and storage installations in Puerto Rico

The U.S. Dept. of Energy (DOE) Loan Programs Office (LPO) announced a conditional commitment for a loan guarantee of up to $861.3 million to Clean Flexible Energy. The loan guarantee will finance the construction of two solar PV farms equipped with battery storage and two standalone battery energy storage systems in Puerto Rico. The facilities …

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Generac awarded up to $200 million from DOE for solar and storage in Puerto Rico

The funds seek to build energy resilience in Puerto Rico, where hurricanes and other extreme weather frequently leave residents without power. July 18, 2024 Generac Power Systems announced it has been awarded a grant of up to $200 million over a five year term by the Department of Energy to install distributed solar and energy …

Generac awarded up to $200 million from DOE for solar and storage in Puerto Rico Read More »

First Solar completes construction of 1.3 million-sq.-ft R&D center

First Solar today commissioned its new research and development (R&D) innovation center in Lake Township, Ohio. The Jim Nolan Center for Solar Innovation is dedicated to the late James “Jim” F. Nolan, a former member of First Solar’s Board of Directors and the architect of the company’s cadmium telluride (CdTe) semiconductor platform. The facility covers …

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1-GWDC Gemini Solar + Storage project now connected to US grid

The largest solar + storage project in the United States is now connected to the grid. The Gemini Solar + Storage project, built by Primergy Solar and Quinbrook Infrastructure Partners, will deliver power to Las Vegas and other Nevada and Southwest communities. Credit: Primergy “Gemini broke the mold with a historic amount of solar and …

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Solar corporate funding drops to $16.6 billion in H1

High interest rates, an uncertain rate trajectory and timeline, increasing trade barriers, supply chain challenges, concerns about the presidential election’s impact on the sector, and constantly evolving trade policies have created a climate of uncertainty. July 18, 2024 From pv magazine Global Total corporate funding in the solar sector reached $16.6 billion in the first …

Solar corporate funding drops to $16.6 billion in H1 Read More »

Greenskies completes 575-kW rooftop array for California office complex

Greenskies announced the completion of a 575-kW roof mount solar system at Belvedere Place, a prominent Class A office complex in Mill Valley, California, located just north of the Golden Gate Bridge. With over 1,000 solar panels installed, the system is expected to meet 95% of the 105,000-square-foot buildings’ electricity demand, with tenants benefiting from …

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Peak Energy to use latest funding round to launch production of sodium-ion ESS

Peak Energy, a U.S.-based company developing giga-scale energy storage technology for the grid, will use its $55 million Series A funding round to launch full-scale production of its sodium-ion battery technology. Xora Innovation led the financing round with participation from Eclipse, TDK Ventures, Lachy Groom, Tishman Speyer, TechEnergy Ventures, Doral Energy-Tech Ventures and DETV-Scania Invest. “As …

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Generac using $200 million DOE grant to help Puerto Ricans get solar + storage

Generac Power Systems has been awarded a grant of up to $200 million over the five-year term of the award agreement with the U.S. Dept. of Energy as part of the $1 billion Puerto Rico Energy Resilience Fund (PR-ERF). Under the PR-ERF’s Programa Acceso Solar (Solar Access Program), Generac will facilitate the installation of residential …

Generac using $200 million DOE grant to help Puerto Ricans get solar + storage Read More »

Peak Energy secures $55 million Series A funding to manufacture sodium-ion batteries

The company plans to deliver its first systems in 2025 and open a full-scale production facility in 2027. July 17, 2024 U.S. manufacturer Peak Energy announced it has secured a $55 million Series A funding round to scale production of grid-scale sodium-ion batteries. The funding round was led by Zora Innovation, a investing platform of …

Peak Energy secures $55 million Series A funding to manufacture sodium-ion batteries Read More »

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