Trouble for sea freight and other logistical issues made their mark on solar stock prices at the beginning of 2024. The Invesco Solar ETF fell by 21% for January 2024, while the S&P 500 increased by 2% and the DJIA increased by 1%. Within the United States, the top three solar stocks for the …
The U.S.-based solar panel manufacturer issued strong 2024 revenue expectations in its Q4 earnings report. February 28, 2024 First Solar, U.S.-based manufacturer of cadmium telluride thin-film solar panels, now in its 25th year of operations, released its Q4, 2023 earnings. Revenues totaled $1.16 billion, coming in slightly below expectations of $1.32 billion. The company reported …
First Solar plans to double manufacturing capacity by 2026 Read More »
Partnering with Canada’s Oil to Heat Pump Affordability program will enable LMI households to receive funding to cover the full cost of switching to a heat pump. February 23, 2024 The Government of Canada is working to make heat pumps more affordable for more Canadians through its Oil to Heat Pump Affordability (OHPA) program. Now Nova Scotia …
Heavy industry contributes approximately 30% of the world’s emissions. Antora Energy’s thermal batteries seek to address that problem for high-heat processes. February 22, 2024 Antora Energy, a company seeking to decarbonize industrial heat and power, announced it raised $150 million in a Series B funding round. The round was led by Decarbonization Partners, a partnership …
Decarbonized industrial thermal battery startup raises $150 million Read More »
Leaders from over 15 African countries will meet with U.S. stakeholders to discuss how to ensure the continued, equitable growth of renewable energy projects in each country. February 22, 2024 This year’s Powering Africa Summit (PAS) will explore the theme, “Capital Flows Underpinning the Energy Transition.” U.S. government stakeholders, institutional investors, private financiers, and service …
Investment opportunities in Africa’s clean energy transition Read More »
Three recent transactions of $300-million-plus demonstrate the healthy appetite for utility-scale solar and energy storage investment. February 21, 2024 U.S. utility-scale solar had a record installation year in 2023 and is forecast to nearly double its record year in 2024. Solar and batteries are dominating the project queues. Solar represents 58% of expected capacity additions …
Tax credit transferability attracting billions to grid-scale solar and batteries Read More »
Ascend Elements has raised a total of $1.2 billion toward construction of its Apex 1 facility, said to be the first factory in North America to recycle cathode precursor and cathode active materials for electric vehicle battery use. February 21, 2024 Ascend Elements, a Massachusetts-based manufacturer of recycled battery materials raised $162 million in new …
Ascend Elements raises additional $162 million for Kentucky battery recycling facility Read More »
The funds will help facilitate the development of renewable energy infrastructure for municipalities, the commercial sector and the state. February 8, 2024 The Connecticut Green Bank, a financial institution that is accelerating the green economy in Connecticut and striving to reduces the energy cost burden of commercial and private consumers, has doubled the amount of …
Connecticut Green Bank allocates $100 million toward solar and storage projects Read More »
Reduced demand and reduced shipments due to high unsold inventory at distributors cratered the company’s revenues in its Q4 2023 report. February 6, 2024 Enphase Energy, a California-based global provider of solar microinverters, energy storage and other related technologies, announced its Q4, 2023 revenues, reporting a miss on revenues despite sharply lowered expectations. The company …
Enphase Q4 revenues drop 35% in U.S. and 70% in Europe Read More »
Over $34.3 billion was raised over 160 deals, said a report from Mercom Capital. February 6, 2024 Mercom Capital Group released its corporate funding report for the solar industry for 2023, noting a 42% increase in funding globally year-over-year. The report tracks venture capital funding, public market, and debt financing into the solar sector, which …
Solar corporate funding rises 42% globally in 2023 Read More »
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