BloombergNEF has predicted that at least 50,000 California homes will install storage systems this year. That figure would quadruple the total from 2019. The forecast came on the heels of a year of record-breaking growth for home solar storage in the U.S, due to the increased need for blackout protection and utility rate hedging. While the COVID-19 pandemic has … [Read more...] about BloombergNEF: California Home Solar Battery Sales Could Quadruple in 2020
D. E. Shaw Upgrades Solar Fleet with Nextracker Tech
Nextracker, a Flex company, says D. E. Shaw Renewable Investments (DESRI), a developer and producer of renewable energy in North America, will be upgrading its entire solar fleet that uses Nextracker’s smart solar trackers with TrueCapture energy enhancement and NX Navigator monitoring software. Through machine learning and real-time data analytics, Nextracker … [Read more...] about D. E. Shaw Upgrades Solar Fleet with Nextracker Tech
Durbin Introduces America’s Clean Future Fund Act
U.S. Senator Dick Durbin (D-IL) has introduced America’s Clean Future Fund Act, a bill that would spur job creation by investing in a clean energy economy, achieve critical reductions in greenhouse gas emissions, facilitate a fair transition for workers from declining energy sectors and renew the U.S.’ commitment to technology, innovation and a sustainable … [Read more...] about Durbin Introduces America’s Clean Future Fund Act
Generac Expands its PWRcell Product Line
Generac Power Systems, a global designer and manufacturer of energy technology solutions and other power products, has introduced new products and capabilities to the PWRcell product line that offer its customers a whole-home solar backup power solution. The newly introduced products include the PWRcell Automatic Transfer Switch (ATS) with integrated load management, new … [Read more...] about Generac Expands its PWRcell Product Line
CIT Serves as Lead Arranger on Community Solar Portfolio
CIT Group Inc. says its Power and Energy business served as lead arranger for approximately $185 million in financing for a 66 MW portfolio of community solar projects. The financing was arranged on behalf of Clearway Energy Group, an operator of clean energy generation facilities in the U.S. The portfolio consists of 19 separate projects totaling 66 MW of solar generation … [Read more...] about CIT Serves as Lead Arranger on Community Solar Portfolio