Finance

U.S. revenues dropped 16% from the previous quarter while European sales fell 34%. October 27, 2023 Enphase Energy, the largest global supplier of solar microinverters, has had a difficult year, with its stock falling more than 75% from all-time highs late last year. Its performance has struggled in line with other residential solar market leaders, …

Enphase stock slides on weakened demand, significantly lowered Q4 guidance Read More »

Inlyte Energy moves forward in development of a nearly 50-year old battery technology with ARPA-A award, recent acquisition of Beta Research and new funding by At One Ventures. October 27, 2023 Inlyte Energy, the recipient of $8 million in seed funding, was founded by Dr. Antonio Baclig, who incubated the company as a 2021 Activate Fellow …

Advancing iron and salt batteries with $8 million in seed funding Read 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. October 26, 2023 Sunnova Energy International posted its Q3, 2023 earnings, noting a quarterly loss of $0.53 per share, a higher loss than the consensus estimate of a loss of $0.34 per share. Losses …

Sunnova misses on Q3 earnings, posts sunny forecast for 2024 Read More »

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Sunrise brief: Organic flow battery developer nets $106 million growth investment Read More »

CmBlu received funding to scale its long-duration energy storage systems. October 25, 2023 Petaluma, California-based CMBlu announced it received $106.7 million of equity investment from global infrastructure group STRABAG SE to scale its long-duration energy storage technology.  CMBlu’s product combines advantages of both redox flow batteries and solid-state batteries. Its product, called the Organic SolidFlow, …

Organic flow battery developer nets $106 million growth investment Read More »

Through the first nine months of 2023, $28.9 billion of venture capital, public market, and debt financing was injected into solar, said a report from Mercom Capital Group. October 16, 2023 Solar energy continues to attract more funding as the world moves along the transition from fossil fuels to renewable and emissions-free energy. This year, …

Global solar industry corporate funding grows 55% year-over-year Read More »

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Sunrise brief: Perch Energy raises $30M to expand community solar  Read More »

The company is manufacturing 100 MW electrolyzer systems, each of which it says can produce almost 50 tons of green hydrogen each day. October 11, 2023 Electrolyzer manufacturer Electric Hydrogen has completed an oversubscribed $380 million Series C financing, bringing the company new capital to ramp up the manufacturing and deployment of green hydrogen systems. …

Electrolyzer manufacturer Electric Hydrogen completes $380 million financing Read More »

The investment by Nuveen Real Estate, one of the largest investment managers in the world, will provide Perch with access to Nuveen’s portfolio of affordable housing units and residential apartments. October 11, 2023 Perch Energy announced a $30 million investment from Nuveen, a real estate investment manager. The partnership will provide Perch with access to …

Perch Energy raises $30M to expand community solar Read More »

The company estimates that its technology can help residents in multi-unit buildings save up to 40% on their electricity bills. August 30, 2023 Australia-headquartered Allume Energy announced it received a $1.5 million bridge investment from Elemental Excelerator and the Schmidt Family Foundation, which Allume plans to use to deploy its technology and bring rooftop solar …

Allume Energy receives $1.5 million bridge investment to deploy SolShare technology in Southeast U.S. Read More »