Greentech Media · Page 32

We may be facing one of the worst economic downturns in American history, but it hasn’t stopped the surge in battery storage development. We’re constantly hearing the phrase “world’s largest” or “record breaking” as new gigawatt-scale projects…

New Mexico has passed a key threshold in its transition away from fossil fuels. Public Service Company of New Mexico, a utility owned by PNM Resources, will build 650 megawatts of solar power and 300 megawatts of battery capacity to divest its share of the…

Tony Seba gets a lot of things right. The world-renowned thought leader, entrepreneur, educator and author accurately predicted the rapid decline in solar photovoltaic costs and lithium ion batteries. He also predicted the collapse of the coal industry and oil…

First Solar has agreed to sell its North American operations and management business to NovaSource Power Services, the company formed from SunPower’s O&M business, as part of a streamlining to focus on its core business making thin-film solar modules.  The…

In June, Massachusetts Attorney General Maura Healey asked the state's Department of Public Utilities to open an investigation into the future of natural gas companies in the state. Healey’s request was prompted by the recognition that Massachusetts cannot…

Over the past decade, Geli has seen its software put to use to design, install and operate megawatts of grid-connected and behind-the-meter battery and microgrid projects. On Thursday, the San Francisco-based startup was acquired by Hanwha Q Cells, to serve…

Distributed solar and storage company SunPower ended Q2 with gains and exceeded its previous Q2 revenue guidance. The performance offered another indication that many of the largest players in the residential solar industry have begun bouncing back from the…

ChargePoint has raised $127 million, its latest massive round of equity financing to build out a U.S. and European charging network to meet the needs of a fast-growing global electric vehicle fleet.  Wednesday’s round brings ChargePoint’s total funding to…

After years of trying, the University of Maine has brought two major energy investors onto its floating offshore wind demonstration project, announcing that units of Japan’s Mitsubishi Corp. and German utility RWE will buy and build the project — a…

Residential solar inverter rivals SolarEdge and Enphase faced the same headwinds from the COVID-19 pandemic in the second quarter, with both companies reporting a downturn in Q2 revenues. However, both companies also laid out plans for capturing a chunk of…

Eos Energy Storage spent 12 years building up a technology it says can rival the dominant lithium-ion batteries for storing grid power. Similar startups ran out of cash and fell by the wayside, but Eos has survived, and now plans to leave venture capital…

Exelon is facing the threat of closing its Illinois nuclear plants without state legislation to bolster their eroding financial prospects. But subsidiary utility Commonwealth Edison’s involvement in a bribery scandal has complicated this and other key…

With the coronavirus pandemic still raging, the U.S. government needs to find ways to boost federal revenue and help put people back to work. Leasing out more areas for offshore wind development would be a step in the right direction. The U.S. could generate…

BP will cut its oil and gas output by 40 percent by 2030 and increase its low-carbon investment ten-fold by then, the company announced Tuesday as it begins to detail its 2050 net-zero strategy. BP, which first revealed its net-zero ambitions in February,…

Shell’s new Nature-Based Solutions business has made its first acquisition, with the Anglo-Dutch oil major announcing Monday that it will buy Australia's Select Carbon. Shell has a net-zero ambition for 2050 and has been upfront about the contribution…

Policymakers looking to speed up renewable energy deployment have a best-practice case study to look to: Australia is rolling out renewables 10 times faster than the global average, offering lessons as to what factors can improve the uptake of clean energy.…

New Jersey utility Public Service Enterprise Group (PSEG), facing state clean energy mandates and an economic imperative to shift its business to regulated assets, is seeking to exit its merchant fossil and solar generation business, while retaining its…

Voluntary procurement of utility solar remains the top driver of U.S. utility PV in development, according to Wood Mackenzie.  WoodMac defines voluntary procurement as procurement based solely on the economic competitiveness against other energy…

A major source of finance for offshore wind projects may soon open up to the industry's most important technological frontier: floating turbines. Non-recourse finance, where lenders get repaid from the profits of a project and have no claim over the assets of…

Within the span of a week, major utilities Iberdrola, Uniper and NextEra all made moves into the hydrogen market, in a reminder that the miracle molecule is not the sole domain of the oil and gas sector. But whether utilities will have the ability — or…