Finance

The companies received a Small Business Innovation Research (SBIR) program Phase I award from the Air Force to develop a solar-heated crucible. May 11, 2023 Above: Orbital and thin-film solar panel manufacturer Ascent Solar Technologies have received a contract from the U.S. Air Force to manufacture on-orbit thin-film solar systems. The partnered companies received a …

Above: Orbital and Ascent Solar receive federal grant for orbital thin-film panels Read More »

Texas proposes tightened renewable energy permits: An industry reacts  pv magazine USA touched base with several project developers where Texas is a primary market for solar project development activity. Many have stated that should SB 624 remain, they would consider focusing development activity in other states. Three ways to implement solar and renewables to reduce …

Sunrise brief: Solar developers react to Texas permitting proposal Read More »

Longi shipped 46.8 GW of silicon modules, representing three years of sequential growth from 24.5 GW shipped in 2020. May 8, 2023 Longi Green Energy, a crystalline silicon wafer and solar module producer, posted 128.9 billion yuan ($18.66 billion) in net revenue for its fiscal year 2022, its first year achieving over 100 billion yuan …

Longi posts 60% annual revenue increase despite polysilicon pricing sensitivity Read More »

pv magazine USA’s recap of notable upstream solar, integrated solar, finance and rooftop installers that reported quarterly or fiscal year earnings over the last week. May 4, 2023 pv magazine USA recaps the top earnings reports and conference calls for public companies that supply solar modules, silicon wafer materials, inverters, hardware and energy storage systems …

Solar Earnings Recap: SunPower, Sunrun and SolarEdge Read More »

Private equity firm KKR committed to purchasing loans made to SunPower customers. May 3, 2023 SunPower, a residential solar and energy services provider, announced it has secured a $550 million loan purchase commitment from private equity firm KKR & Co. Credit funds and accounts managed by KKR will purchase solar loans made to SunPower customers. …

SunPower secures $550 million loan purchase commitment Read More »

The add-on funding brings the energy services company’s cumulative Series E round to $250 million, and represents a significant step towards expanding Redaptive’s offerings and procuring new customers, the company said. May 3, 2023 Redaptive, a Denver-based energy efficiency service provider to commercial and industrial buildings, announced an additional equity commitment from Linse Capital, a …

HVAC, lighting and solar integrator raises Series E round Read More »

To date, Bank of America has provided $2.2 million in total funding to Grid Alternatives and has supported 200 fellows in their career advancement. April 27, 2023 The September 2021 Solar Futures Study by the Department of Energy and National Renewable Energy Laboratory indicated that “in order to achieve the Biden-Harris administration’s goal of an …

Nonprofit receives renewed commitment from Bank of America for solar fellowship Read More »

Partnership will expand business’ access to Yotta Energy’s energy storage solutions with solar loan financing backed by Sunstone Credit. April 25, 2023 Commercial buildings account for 75% of U.S. electricity consumption and present thousands of opportunities for distributed energy resources in various U.S. markets such as the Northeast. But currently the rooftop commercial and industrial …

Yotta and Sunstone partner to offer commercial storage solutions Read More »

A $3 billion Department of Energy conditional loan is expected to support Sunnova’s loan program for disadvantaged communities. April 20, 2023 Sunnova Energy International secured a $3 billion conditional loan from the U.S. Department of Energy Loan Programs Office to support a new solar loan channel called “Project Hestia.” Project Hestia is designed to increase …

Sunnova secures $3 billion for virtual power plant loan program Read More »

The Florida-based installer of SunPower and Tesla Powerwall systems announced its intent to combine with ESGEN Acquisition Corp., a special purpose acquisition company backed by Energy Spectrum Partners, in a transaction that would result in the combined company becoming a Nasdaq-listed company later this year. April 20, 2023 Sunergy Renewables, a New Port Richey, Florida-based residential …

Sunergy to go public in $475 million valuation SPAC merger Read More »