Finance

Emerging market distributed renewable energy platform raises $5 million

Odyssey Energy Solutions is an investment and asset management platform for distributed solar projects in Africa and Asia. September 15, 2022 Odyssey Energy Solutions raised $5.34 million to scale its investment and asset management platform for distributed renewable energy projects. The funding round was led by Equal Ventures. Participating investors included Twelve Below, Abstract Ventures, …

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Aurora Solar platform achieves 10 million site milestone

Solar installers use the Aurora solar platform to acquire leads and to help streamline the sales process. September 6, 2022 Aurora Solar, a cloud-based platform that uses computer vision and machine learning algorithms to streamline the process of selling solar, just reached the milestone of having designed 10 million solar sites. These sites have the …

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On.Energy Secures $100 Million from UK firm to develop battery storage projects in North America

Sustainable Development Capital, LLC Energy Efficiency Income Trust plc will provide the financing to accelerate the deployment of battery energy storage systems across the United States and Canada. August 17, 2022 Sustainable Development Captial (SDCL) Energy Efficiency Income Trust (SEEIT) was the first UK listed company of its kind to invest exclusively in the energy efficiency …

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Net losses triple at US tracker maker after acquisition

New Mexico-based Array Technologies is keen to emphasize the revenue benefits of buying Spanish rival STI Norland and said US President Joe Biden’s Inflation Reduction Act would also be good for business. August 11, 2022 From pv magazine global The acquisition of Spanish solar tracker maker STI Norland by Array Technologies saw net losses for shareholders in …

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FranklinWH announces additional financing for its home energy storage solution

FranklinWH announced that both Mosaic and Goodleap will be providing financing for its energy storage systems. The US-based company’s residential whole energy storage system the Franklin Home Power system debuted in January of this year and integrates its lithium iron phosphate “aPower” battery with its aGateX intelligent control system. The 13.6 KWh battery is compatible …

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Energy storage software provider posts 246% revenue growth

Stem, provider of AI-backed energy storage software, posted record growth in Q2 2022. August 5, 2022 San Francisco-based Stem released its Q2 2022 financial results, posting 246% revenue growth. Stem is a provider of AI-backed energy storage software and services.  The company recently partnered with AlsoEnergy, a leading solar monitoring software provider, to fully integrate …

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Sungage Financial and Bodhi partner to help solar installers scale up

The solar financing provider and customer experience platform designer announce a new strategic alliance. August 3, 2022 A new partnership has been formed between Sungage Financial, a residential solar finance company, and Bodhi, an online customer experience platform that supports marketing, operations, and service for residential solar installers. The partnership has a mission to enable …

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Enphase delivers robust Q2 revenues backed by its IQ8 solar microinverter

The company issued strong guidance for Q3 as its revenues and earnings per share beat estimates. July 27, 2022 Enphase Energy, a leading provider of solar microinverters and battery energy storage, announced record revenues in Q2 2022, beating expectations and quickly sending the company’s stock up 10% in after-hours trading. The consensus for Enphase was $508 …

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