US to Invest $23 Billion for Clean Energy Deployment, Launches Two New Programs
The U.S. Department of Energy (DOE) has launched two new program offices – the Grid Deployment Office and the Office of State and Community Energy Programs – which together will ...
Daily News Wrap-Up: 2G Ethanol Plant Worth ₹9 Billion Inaugurated in Haryana
Here are some noteworthy cleantech announcements of the day from around the world: Prime Minister Narendra Modi inaugurated a 2G ethanol plant at Panipat Refinery in Haryana. The plant was ...
Fuel Cell Manufacturer Bloom Energy Records Net Loss of $118 Million in Q2 2022
Bloom Energy, a U.S.-based solid oxide fuel cells manufacturer, recorded total revenue of $243.24 million in the second quarter (Q2) 2022, a 6.4% year-over-year (YoY) growth compared to $228.47 million ...
Clearway Energy’s Net Income from Renewables Up 207% to $83 Million in Q2 2022
U.S-based clean energy company Clearway Energy Group (CEG) recorded a net income of $83 million from its renewable segment in the second quarter (Q2), a year-over-year (YoY) rise of 207% ...
US Forms $20 Million Consortium to Accelerate Research in Cadmium Telluride Solar Cells
The U.S. Department of Energy (DOE) announced the launch of a Cadmium Telluride (CdTe) Accelerator Consortium, a $20 million initiative aiming to rapidly reduce the cost of the second most ...
Longroad Energy to Invest $500 Million to Expand Wind, Solar and Storage Portfolio
U.S.-based renewable energy developer and holding company Longroad Energy Holdings has announced an equity investment of $500 million by MEAG, an asset management arm for entities of Munich Re, for ...
Residential Solar Firm Sunnova’s Revenue Surges 121% YoY to $147 Million in Q2 2022
Sunnova, a U.S.-based residential solar company, recorded revenue of $147 million in the second quarter (Q2), a year-over-year (YoY) leap of 121% from ~$67 million last year. The company attributed ...
Enphase Energy’s Revenue Surges 66% YoY to $530 Million in Q2 2022
Microinverter-based solar-plus-storage systems company Enphase Energy recorded second-quarter (Q2) revenue of $530.2 million, a year-over-year (YoY) increase of 66% from $316.05 million in Q2 2021. The company said that the ...
US Announces $96 Million Funding to Expand EV Charging Access
To help the decarbonization of the domestic transportation sector, the U.S. Department of Energy (DOE) has announced a funding of $96 million to expand electric vehicle (EV) charging accessibility and ...
Amazon Invests in Green Hydrogen Companies in the US And Europe
E-commerce conglomerate Amazon announced new investments in green hydrogen companies through its $2 billion Climate Pledge Fund in its efforts to decarbonize global operations. The latest investments are in the ...
US Announces $56 Million Funding to Boost Innovation in Solar Manufacturing and Recycling
The Biden-Harris Administration announced $56 million in funding, alongside a new set of initiatives to augment the innovation in solar manufacturing and recycling to make energy more cost-effective and create ...
Reusing Discarded Materials Could Spawn a Circular Economy in Energy Storage Sector
Experts at the U.S. Department of Energy’s (DOE's) National Renewable Energy Laboratory (NREL) have outlined key measures to limit and reuse the materials used in diverse designs of photovoltaics and ...
Developers Consortium to Buy Over 6 GW of Modules Annually to Support Local Manufacturing
Four U.S-based independent power producers have formed a consortium to bolster the country's rapid scaling of domestic solar manufacturing. They plan to spend over $6 billion on solar modules to ...
Construction of Two Solar Projects of 465 MW Capacity in California Approved
The U.S. Department of Interior's Bureau of Land Management (BLM) has approved two solar projects with a cumulative capacity of 465 MW being developed by Clearway Energy near Desert Center ...
ReneSola Power’s Revenue Dips 85% YoY to $3.5 Million in Q1 2022
China-based supplier of green energy products ReneSola Power recorded a revenue of $3.5 million in the first quarter (Q1) of the current fiscal year (FY), a year-over-year (YoY) dip of ...
US Installed 3.9 GW Solar Capacity in Q1 2022, a 24% YoY Slump
The United States solar sector installed 3.9 GW of solar capacity in the first quarter (Q1) of 2022, a 24% year-over-year (YoY) decrease compared to 5 GW installed in the ...
Increased Solar Module Shipments Take Maxeon’s Revenue up 35% YoY in Q1 2022
Solar module manufacturer Maxeon Solar Technologies posted revenue of $223 million in the first quarter (Q1) of 2022, a year-over-year (YoY) surge of 35% from $165 million in the previous ...
US Seeks Public Feedback on $2.5 Billion Transmission Lines Program
In a bid to expand and strengthen power transmission lines across the country, the United States Department of Energy (DOE) recently issued a Request for Information (RFI) to collect public ...
Energy Storage Firm Stem Posts 166% Growth in Revenue, Secures Supply Chain for 2022
Stem, a smart energy storage company, posted revenue of $44.1 million in the first quarter (Q1) of 2022, a year-over-year (YoY) spike of 166% from $15.4 million in the same ...
US Announces $3 Billion Funding to Boost Domestic Battery Manufacturing & Supply Chains
The U.S. Department of Energy (DOE) announced $3.16 billion in funding from President Biden’s ‘Bipartisan Infrastructure Law’ to expand domestic battery manufacturing, bolster domestic supply chains, and spur job creation ...
Tender Issued to Procure 1.3 GW Power from Wind & Solar Projects in Indiana
American Electric Power Service Corporation (AEPSC), on behalf of Indiana Michigan Power Company (I&M), has issued a request for proposal (RfP) to procure power from 800 MW of wind and ...
US Solar Industry Grows by 19% YoY with 23.6 GW Installed in 2021
According to the latest U.S. Solar Market Insight report, released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, the U.S. solar sector has installed a record 23.6 GW of ...
SoftBank’s Renewable Energy Platform Receives $600 Million Equity Investment from Ares
SB Energy, SoftBank Group's U.S. Climate Infrastructure Technology platform, announced that funds managed by the Infrastructure and Power strategy of Ares Management Corporation are leading a strategic equity investment of ...
Lease Auction for Offshore Wind Firm in US Raises a Record $4.37 Billion
The U.S. Department of the Interior announced the New York Bight Offshore Wind Lease auction results, which was the nation’s highest-grossing competitive offshore energy lease sale in history. The department said around ...
Tender Issued to Procure Renewable Power to Meet Energy Shortfall in Idaho & Washington
U.S.-based energy company Avista Corporation has issued a request for proposals (RfP) to procure power from renewable power projects to meet capacity and energy shortfalls between 2026 and 2030 in ...
