Finance

The US manufacturer secured an equity-based financing facility to support R&D of its CIGS thin-film solar solutions. December 21, 2022 Ascent Solar Technologies, a thin-film solar manufacturer, secured a $50 million equity financing from two institutional investors.  The company said it intends to use the net proceeds for general corporate purposes including financing its continued …

Ascent Solar nets $50 million investment to manufacture flexible thin-film PV Read More »

The independent power producer and climate-focused investment manager reported this growth in its Q3 2022 report. December 9, 2022 Greenbacker posted its Q3, 2022 results, reporting a 61% year-over-year growth in its operational asset capacity. The independent power producer and climate technology investment manager raised nearly $60 million in capital in three months through September …

Greenbacker grows operational renewable energy capacity 61% year-over-year Read More »

With initial output anticipated in late 2024, production at the KOREPlex gigafactory in Arizona is expected to double to 12 GWh of lithium-ion battery cells produced to meet expected market demand in energy storage and electric mobility applications. November 30, 2022 KORE Power, a U.S.-based manufacturer of high-energy-density lithium-ion pouch cells and module configurations, announced …

KORE Power raises capital from Siemens and Quanta for 6 GWh Arizona gigafactory Read More »

The company reports that disappointing earnings are the result of ongoing supply chain constraints affecting global shipments and order timing, indicating that it will pursue an additional price increase in 2023. November 16, 2022 REC Silicon ASA, a producer of silicon materials to the PV and electronics market, sold 299 metric tons of polysilicon in …

REC Silicon Q3 report reveals 24.7% dip in polysilicon sales Read More »

The commercial and industrial PV developer grew its portfolio over the last quarter by acquiring a 100 MW portfolio of assets in 5 states November 14, 2022 Altus Power, a commercial and industrial solar development company, increased its sequential portfolio by 100 MW during Q3, while the company recorded revenues of $30.4 million, a 51% …

Altus Power increases portfolio by 100 MW, increasing revenue 51% Read More »

The updated Voyager module clamp for attaching First Solar modules builds off the Slide and Glide, using a fastener to secure and ground modules to the rail. November 9, 2022 FTC Solar, a solar tracking equipment provider, announced a new Voyager clamping product that enables a quicker installation of First Solar Series 6 and Series …

FTC Solar reveals updated Voyager clamping system, posts Q3 results Read More »

A 750 MW project in Ohio will make use of the company’s DuraTrack mounts. Plus, Array beats Q3 earning estimates. November 9, 2022 Array Technologies announced that its DuraTrack solar trackers were selected for a 750 MW solar project in Ohio. The project, among the largest in the United States, will cover 4,500 acres, mounting …

Solar tracker provider Array Technologies reports Q3 earnings surprise, chosen for 750 MW project Read More »

The solar inverter provider’s announcement was made amid a Q3 earnings call with record revenues reported. October 26, 2022 Enphase Energy, a major provider of solar microinverters, held its Q3, 2022 earnings report, announcing record revenues of $634 million. The company operated with GAAP gross margins of 42.2%, net income of $114 million, and diluted …

Enphase to open several U.S. manufacturing lines Read More »

In a report that tracks solar funding through the first nine months (9M) of 2022, Mercom Capital said that $18.7 billion of corporate investments took place in the United States solar industry. The figure represented an 18% decrease from the $22.8 billion raised in 9M 2021. This total includes all venture capital funding, public market, …

U.S. corporate funding of solar reached $18.7 billion through nine months this year Read More »

VPPs represent an innovative way to efficiently use distributed solar and storage, offering savings and backup power to renters. In California, PearlX and Sunnova, among others, are launching services that connect renters with solar, backup energy storage, and bill savings. September 28, 2022 California multifamily renters will soon have access to a variety of services …

Virtual Power Plants (VPP) to unlock energy savings, backup power for renters Read More »