Finance

Production of “green hydrogen” using renewables economically is a key focus. November 19, 2024 With hydrogen increasingly eyed as a promising alternative fuel for the transportation and energy sectors, vastly more hydrogen will be needed and processes for producing it cleanly will become more important. Methods for producing hydrogen are color coded for how free …

Hydrogen demand attracting investment, new technology and larger projects Read More »

Sunrise brief: California cuts interconnection costs for distributed solar developers that agree to export limits Also on the rise: NABCEP conference 2024 shining bright in Raleigh. KKR and EIG invest more than $1 billion in equity …

NeoVolta announced it has completed phase one of its application for a $250 million loan from the U.S. Department of Energy (DOE) Title 17 Loan Program Office (LPO). The company has been approved by DOE LPO for its phase one application and will now move to the phase two technical due diligence stage. The company …

Energy storage manufacturer NeoVolta phase one approved for $250 million DOE loan Read More »

The company posted a loss of $0.10 per share, narrowly missing Wall Street estimates. November 12, 2024 FTC Solar, a global provider of solar tracker systems, technology, software, and engineering services, announced its Q3 2024 earnings. The company posted a loss of $0.10 per share, coming it slightly worse than the expected loss of $0.09 …

Utility-scale solar tracker provider FTC Solar posts loss in Q3 earnings Read More »

OneEnergy Renewables, a public benefit corporation, announced plans to build two utility-scale solar projects in Wisconsin. The projects will have a combined capacity of approximately 165 MW, advancing the state toward its net-zero by 2050 goal. The two projects are financed through an asset purchase agreement with We Energies, Wisconsin Public Service Corporation (WPS) and …

Two Wisconsin solar projects financed through asset purchase agreement Read More »

From pv magazine Global Israel-based inverter maker SolarEdge reported $260.9 million in revenue for the three-month period ending in the third quarter of 2024. This marks a 2% decline from the previous quarter and a 64% drop compared to the same period in 2023. Revenue from its solar segment totaled $247.5 million, up 3% on the prior …

SolarEdge posts $1.21 billion net loss in Q3 Read More »

A federal partnership program will offer financial and technical assistance to remote and tribal communities that are at any stage of microgrid planning or development. November 8, 2024 The U.S. Department of Energy is accepting applications from remote and tribal communities to receive technical and financial assistance for microgrid development. Microgrids powered by renewables, DOE …

Renewable microgrid projects in remote and tribal communities to receive federal support Read More »

U.S.-based solar tracker manufacturer Nextracker (Nasdaq: NXT) posted its earnings through the first half of fiscal year 2025, reporting significant growth and a strengthening balance sheet. Nextracker secured $1.35 billion in revenue through 1H FY 2025, representing 29% year-over-year growth. Fiscal year 2025 Q2 revenue increased 11% year-over-year to $636 million. The company’s adjusted EBITDA grew …

Solar tracker manufacturer Nextracker reports 29% year-on-year growth Read More »

The U.S. thin-film solar manufacturer posted revenues roughly 18% short of Wall Street consensus expectations. October 30, 2024 U.S. headquartered solar panel manufacturer First Solar released its Q3, 2024 earnings report. The company missed on expectations for revenue and moderately lowered its guidance for full year 2024 revenues. First Solar (FSLR) posted revenues of $887 …

First Solar misses on Q3 revenue, lowers 2025 guidance Read More »

Residential solar customers typically purchase their project via a loan, cash, or a third-party owned contract like a lease or power purchase agreement (PPA). Marketplace operator EnergySage shared data through the first half of 2024 on trends in residential solar loan packages. As of the end of 2023, WoodMackenzie reported that 57% of residential solar …

What to expect in a residential solar loan Read More »