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Which IRA credits offer greatest motivation to invest in clean energy?

The Inflation Reduction Act (IRA), signed into law in August, represents the single-largest investment by the federal government to combat climate change in U.S. history. One of the most significant provisions of the infrastructure law is the long-term extension of the investment tax credit (ITC), which was instrumental in launching the U.S. solar industry. The …

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ComEd to roll out residential energy storage systems for grid resiliency in northern Illinois

Initial demonstration projects are focused on select customers that have experienced outages in recent years. November 28, 2022 Commonwealth Edison, a utility operated by Exelon, is testing a battery energy storage system (BESS) system that improves grid resiliency by limiting the impact of power outages for ratepayers in its northern Illinois service territory. The utility BESS …

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Off-grid solar plus storage EV ARC systems to be deployed by Puerto Rico government agencies

Puerto Rico’s power grid requires more than $130 billion in repairs after recent hurricanes. Solar and storage companies have provided distributed energy solutions in the aftermath of increasing storms. November 22, 2022 Beam Global, a distributor of solar-plus-storage EV charging stations, announced that the Puerto Rico government will begin deploying the company’s EV Arc charging …

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Canadian Solar ships 6 GW of solar panels in strong Q3 22, with revenue a 57% yearly increase

Subsidiary CSI Solar, which produces about 10 bifacial and mono solar module models, remains on track to list on the Shanghai Stock Exchange in early 2023. November 22, 2022 Canadian Solar, a Guelph, Ontario-based integrated solar module manufacturer and development company, announced total Q3 22 shipments of 6 GW of solar modules, a 55% increase …

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Sunrise brief: Canadian Solar business inks battery deal with UBS

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UConn receives $4.4 million solar-plus-batteries predictive resilience grant

The University of Connecticut’s Eversource Energy Center will develop technologies to shorten power outages. November 21, 2022 As storms intensify and increase their frequency, the University of Connecticut (UConn) has partnered with investor-owned utility Eversource to develop clean energy solutions to prepare communities for power outages, aiming at shortening restoration times. The two organizations partnered …

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CSI Energy Solutions signs 2.6 GWh battery agreement with UBS in North America

Canadian Solar said that its CSI Energy Solutions unit signed a 2.6 GWh battery supply agreement with UBS Asset Management’s North American Real Estate and Private Markets group. The multi-year agreement will support the expansion of UBS’ expansion into the U.S. infrastructure market. The projects are scheduled for commercial operations in 2024-25. Batteries under the …

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