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Climate First Bank launches residential solar loan platform

The solar loans, available to Florida customers, come with no dealer fees. The company seeks partnerships with residential and commercial installers in the state. May 24, 2022 Climate First Bank, an FDIC-insured climate change focused community bank, announced it launched its first digital solar loan platform for residents of Florida. The loan platform features a …

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Amazon is lead investor in US-based solar cell production facility

Ambient Photonics will build a fully automated manufacturing facility to produce solar cells for powering consumer electronics. May 17, 2022 Ambient Photonics secured $31 million in Series A financing for a solar cell production facility, led by Amazon through its Climate Pledge Fund, and Ecosystem Integrity Fund, Future Shape, and I Squared Capital also participating in …

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CommonBond banks on residential solar financing success

The fintech company will now focus exclusively on its solar business, which has quickly become its best-performing product since launching in 2021. May 13, 2022 Financing provider CommonBond has recognized the boom in residential solar has just begun, announcing it has pivoted its business to focus exclusively on solar financing. Its solar financing product was …

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Electric vehicles are cheaper than gas-powered, depending on the state and incentives

Owning an electric vehicle can save drivers thousands of dollars per year, with $6,000 average savings over the vehicle’s lifetime, but the savings is dependent on rebates, state fees, and the cost of gas and electricity. May 12, 2022 As gas prices escalate in the United States, many Americans are considering investing in an electric …

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OMCO Solar shores up manufacturing with $5 million investment

The investment will allow OMCO to manufacture its Origin Tracker Torque Tubes at OMCO’s Indiana and Arizona locations. May 10, 2022 OMCO Solar, an OEM manufacturer of solar tracker and mounting solutions for the community, commercial, and utility-scale markets, announced that it has invested an additional $5 million into its solar manufacturing capabilities, bringing its …

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First Resilient Service Station microgrid project completed in Massachusetts

Enel X completed the construction of a microgrid with solar-plus-battery storage to operate the facility and offer EV charging May 10, 2022 Alltown Fresh in Ayer, Massachusetts runs on solar, thanks to a recently completed project with Enel X. The project is the first of the InnovateMass Resilient Service Station Challenge—the purpose of which is …

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Common Energy raises $16.5 million to expand community solar access nationwide

The investment, provided by S2G Ventures will help the company expand consumer access to local, community solar projects across the country, as the US looks to achieve DOE’s goal of expanding installed solar capacity to 20 GW by 2025. May 10, 2022 Common Energy announced that it has received a $16.5 million investment from S2G …

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SolarEdge expects to break more records in Q1

from pv magazine Global Israeli solar inverter and battery maker SolarEdge has said it expects its record-breaking run for revenue, including from its solar business, to continue during the April-June 2022 reporting period. Announcing its first-quarter 2022 figures, the manufacturer said the new high for revenue posted during the January-March period, of $655 million, is …

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Solar and energy developer Origis Energy closes $375 million credit facility

The facility bundles a letter of credit and equipment financing to support the company’s project pipeline. May 3, 2022 Origis Energy, a Miami, Florida-based developer of renewable energy projects announced the closing of a bundled $375 million credit facility that included both a letter of credit and equipment financing. The funds are expected to support …

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Enphase predicts another revenue landmark this quarter

From pv magazine Global US microinverter manufacturer Enphase Energy has predicted the record revenue generated in the first three months of the year will be bettered in the current quarter. The California-based company, which also manufactures batteries, posted revenue of $441 million in the January-March window, up 7% from the $413 million recorded in the …

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