Inflation Reduction Act Paves the Way for Faster Transition to Clean Energy in the US
In a significant development, President Joe Biden signed the 'Inflation Reduction Act of 2022,' which the U.S. House of Representatives and the Senate had passed. The Act addresses issues of ...
United States Added 13.4 GW of New Wind Capacity in 2021: Report
The United States added 13.4 GW of wind power capacity in 2021, with nearly $20 billion of investments in new wind projects during the year, according to the latest report ...
More Than Enough Land is Available to Support Solar, Wind Development in the US
The National Renewable Energy Laboratory (NREL) has released two new data sets containing 2,000 U.S. wind energy zoning ordinances and 1,000 solar energy ordinances at the state, county, township, and ...
US Added 955 MW of New Energy Storage Installations in Q1 2022
The U.S. energy storage market added 955 MW and 2,875 MWh of new installations across all segments in the first quarter (Q1) of 2022, taking the total grid-scale installations capacity ...
New York State Awards 1 GW of Solar Plus Energy Storage Projects to EDF Renewables
EDF Renewables North America, a wholly-owned subsidiary of the French utility EDF Group, announced that its three solar plus energy storage projects were awarded long-term contracts by the New York ...
President Biden Waives Duties on Solar Module Imports from Southeast Asia for Two Years
President Joe Biden has announced a 24-month duty exemption on solar modules and cells imported from Cambodia, Malaysia, Thailand, and Vietnam to ensure that the domestic solar industry has access ...
REC Silicon’s Revenue Surged 23% YoY to $34.6 Million in Q1 2022
U.S.-based producer of advanced silicon materials REC Silicon recorded revenue of $34.6 million in Q1 2022, a year-over-year (YoY leap of 23% from $28.1 million in the same period last ...
Solar Tracking Systems Company FTC Solar’s Revenue Dips 25% in Q1 2022
U.S.-based solar tracker systems provider FTC Solar recorded a revenue of $49.5 million in the first quarter (Q1) of 2022, a year-over-year (YoY) drop of 25%compared to $65.7 million in ...
Itron’s Revenue Dips by 9% in Q1 2022; Margins Reduce Due to Component Constraints
Itron, a U.S.-based energy and water resource management solutions provider, reported a revenue of $475.3 million for the first quarter (Q1) of 2022, a 9 % year-over-year (YoY) decrease compared ...
LG Announces its Exit from Global Solar Module Business, to Shut the Alabama Unit
South Korean tech giant LG Electronics has announced that it would exit its global solar panel business, a decision backed by its board of directors, following a comprehensive review of ...
Sale of Electric Cars Doubled YoY in 2021 Globally Reaching 6.6 Million: IEA
The sale of electric cars more than doubled to 6.6 million in 2021 compared to 3 million in 2020, accounting for 9% of the global car market, International Energy Agency ...
New York’s Distributed Solar Roadmap Aims at an Additional 4 GW by 2030
The New York State Energy Research and Development Authority (NYSERDA) and the New York State Department of Public Service (DPS) have submitted a comprehensive roadmap to expand the state’s successful ...
US-Based Power Utility Issues RfP to Acquire 250 MW of Solar Plus Storage Projects
Platte River Power Authority, a U.S.-based power utility company, has issued a request for proposals (RfP) to acquire 250 MW of solar and/or co-located battery storage projects. The last date ...
US Court Revokes Trump’s Decision to Reimpose Tariffs on Imported Bifacial Solar Panels
In a development that could have significant implications for the solar industry, the U.S. Court of International Trade (CIT) has overturned the Trump administration's decision to allow the reimposition of ...
US Solar Industry’s New Goal Increased from 20% to 30% of Power Generation by 2030
The Solar Energy Industry Association (SEIA) has increased its target for Solar+ Decade to account for 30% of overall power generation in the United States by 2030. The previous target ...
Ford, SK Innovation to Invest $11 Billion to Build Mega EV and Battery Facilities
Ford Motor Company and SK Innovation plan to invest $11.4 billion to develop electric vehicle and battery manufacturing facilities in the United States. The companies will form a new joint venture called BlueOvalSK ...
Lightsource bp Secures $1.8 Billion Credit Facility for Solar Expansion
Solar developer Lightsource bp has secured a $1.8 billion credit and trade finance facility to support its global expansion strategy. The company plans to develop 25 GW of solar projects ...
Clean Energy Platform Arcadia Raises $100 Million in Series D Funding
Arcadia, a clean energy platform that connects homeowners to clean energy programs in the United States, has secured $100 million in funding. The Series D funding round was led by ...
Renewable Energy Developer Altus Power to Go Public in a SPAC Deal
Renewable energy developer Altus Power (Altus) has announced a business combination with CBRE Acquisition Holdings (CBAH), a special purpose acquisition company (SPAC), resulting in Altus becoming a publicly-traded company on ...
TransAlta to Acquire 122 MW Solar Portfolio from Copenhagen Infrastructure Partners
TransAlta Renewables has signed an agreement to acquire a 122 MW operational solar portfolio in North Carolina, United States. The company will acquire the portfolio from a fund managed by Copenhagen ...
WTO Rejects China’s Claims on Safeguard Measures Imposed by the US on Solar Imports
A special panel constituted to look into the dispute between China and the United States regarding safeguard measures imposed by the United States on importing certain crystalline silicon photovoltaic cells ...
Using Hydrogen to Economically Backup Wind and Solar Power: MIT Research
According to research supported by the MIT Energy Initiative (MITEI), hydrogen-fired power generation can be a cost-effective alternative to backing up solar and wind power. Emre Gençer and Drake D ...
US Solar Market Adds a Record 5 GW in Q1 2021
According to the latest U.S. Solar Market Insight Q2 2021 report, released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, the U.S. solar market has surpassed 100 GW of ...
US Grid-Scale Storage Capacity Could Grow Over 125 GW by 2050: NREL
In a recent report published by National Renewable Energy Laboratory (NREL) under the Storage Futures Study (SFS), analysts found significant market potential for utility-scale diurnal storage (up to 12 hours) ...
US Energy Storage Market Installs 910 MWh of New Systems in Q1 2021
The United States installed 910 MWh of new energy storage systems in the first quarter (Q1) of 2021 – an increase of 252% over Q1 2020, making it the biggest Q1 ...
