Finance | Page 35 of 36 | San Diego's Top Solar Company

Greenbacker Capital invests in floating solar developer

The investment marks Greenbacker’s entry into the world of floatovoltaics and will allow Noria Energy to expand its project pipeline January 25, 2022 Greenbacker Capital announced that it has, through an affiliated fund, made an equity investment in Noria Energy, a California-based solar developer with experience and specialty in developing floating solar projects (floatovoltaics). The …

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Novonix invests in Kore Power, enters supply agreement

Finance / By Staff

Novonix will acquire an approximately 5% stake in KORE Power and will become the exclusive supplier of graphite anode materials to Kore Power’s large-scale battery cell manufacturing facility in the US. January 26, 2022 Novonix, an advanced battery materials and technology company, announced it has executed a letter of intent to enter into investment and …

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Global Infrastructure Partners invest $500 million in renewable power producer BrightNight LLC

Finance / By Staff

Solas Energy Consulting acted as key technical advisor to GIP. The investment includes preferred equity and a letter of credit facility. January 27, 2022 Solas Energy Consulting announced it served as key technical advisor to Global Infrastructure Partners (GIP) for a $500 million investment in BrightNight, LLC. BrightNight is an independent power producer of renewable …

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SunCommon financing program helps Vermont organic farmers go solar

Finance / By Staff

Organic Valley, the largest farmer-owned organic cooperative in the US, is teaming up with SunCommon to help Vermont farmers go solar with zero up-front costs. February 3, 2022 SunCommon, headquartered in Waterbury, Vermont, launched a program that offers to help Organic Valley farmers go solar with zero upfront costs. Organic Valley is the largest farmer-owned …

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CommonBond now offering solar financing

Finance / By Staff

The company is projected to do $1 billion in residential solar project originations this year. February 3, 2022 CommonBond, best known for its student financing business, announced it now offers solar financing. The company did a soft launch of its solar loans in Q3 2021, and is now on pace to perform $1 billion in …

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Renewable energy heat batteries for industrial applications gain funding

Finance / By Staff

Startup Rondo Energy closed a $22 million Series A funding round to decarbonize industrial processes with equipment that converts solar and wind energy into thermal energy. February 8, 2022 Rondo Energy announced the closing of a $22 million Series A funding round to support its technology, a renewable energy heat battery aimed at reducing the …

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Water-based electrolysis for green hydrogen earns funding

Finance / By Staff

Verdagy announced it secured a $25 million investment for its new electrolyzer technology. February 9, 2022 Verdagy, a company that is developing a water-based electrolyzer for green hydrogen production, announced it achieved funding to scale its technology. The $25 million funding round was led by TDK Ventures, Orbia, BHP Ventures, Doral Energy, Tech Ventures, Kholsa …

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CommonBond enters the solar finance market, looking to help installers grow their business

Finance / By Staff

Within the new venture, the company hopes to be able to lowers costs for both installers and homeowners, and promises increased sales velocity for installers. February 10, 2022 CommonBond, a financial technology company which uses modularly-designed financial service tools to provide customers affordable, transparent, and simple ways to pay their loans, announced that it has …

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Strata Clean Energy Inland Empire Energy Storage project awarded PG&E agreement

Finance / By Staff

Strata Clean Energy’s Inland Empire Energy Storage was awarded a 15-year Resource Adequacy Agreement with Energy Settlement by Pacific Gas & Electric (PG&E), which filed an Advice Letter at the California Public Utilities Commission for approval of 6,396 megawatt hours (MWh) of new and incremental utility-scale battery energy storage systems (BESS). “The IEES project in …

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Rising electricity bills in Nigeria drive demand for solar

Finance / By Staff

The chief executive of a Nigerian commercial solar installer has pointed to the beneficial effect rising electricity prices are having on demand for his company’s services. Tony Carr, CEO of commercial and industrial solar company Starsight Energy, pointed to a “recent increase in grid [electricity] tariffs” in Nigeria as driving demand for PV after his …

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