Energy Community

RE+ 2023: SolarEdge Launches its Most Powerful Ground-Mount Solution, Targeting U.S. Community Solar and Small-Medium Utility

Retrieved on: 
Tuesday, September 12, 2023
Technology, Engineering, Manufacturing, Batteries, Alternative Energy, Energy, Construction & Property, Building Systems, Environment, Sustainability, Software, Hardware, Green Technology, Data Management, Maintenance, Bos, Balance of system, Power inverter, Balance, SolarEdge, Energy Community, Power optimizer, Cost of electricity by source, DC, Multimedia, LCOE, IRA, PID, ROI, Economics, Renewable energy, Electric motor

SolarEdge Technologies , Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announced the U.S. launch of its new high-power, three-phase SolarEdge 330kW Inverter and its complementing H1300 Power Optimizer for community solar, agri-PV and small-to-medium scale ground mount utility PV applications.

Key Points: 
  • SolarEdge Technologies , Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announced the U.S. launch of its new high-power, three-phase SolarEdge 330kW Inverter and its complementing H1300 Power Optimizer for community solar, agri-PV and small-to-medium scale ground mount utility PV applications.
  • A lower LCOE can be achieved by reducing Balance of System (BoS) costs by up to 50% with fewer and longer strings.
  • Zvi Lando, Chief Executive Officer of SolarEdge, commented: “We are pleased to bring the benefits of power optimization and high-resolution monitoring to the utility solar segment with the introduction of our new high-power SolarEdge 330kW Inverter.
  • The technology will be on display at the SolarEdge RE+ Booth #3311.

SMT Energy & SUSI Partners Secure Tax Equity Investment For Texas Battery Storage Portfolio

Retrieved on: 
Tuesday, August 8, 2023
SETF, Electricity, ERCOT, ITC, Inflation Reduction Act of 2022, Energy Community, Renewable energy

SMT Energy and joint venture partner SUSI Partners ("SUSI"), acting on behalf of the SUSI Energy Transition Fund ("SETF) have signed a tax equity financing agreement with Greenprint Capital for a 100 MW battery energy storage portfolio located in Texas, U.S.

Key Points: 
  • SMT Energy and joint venture partner SUSI Partners ("SUSI"), acting on behalf of the SUSI Energy Transition Fund ("SETF) have signed a tax equity financing agreement with Greenprint Capital for a 100 MW battery energy storage portfolio located in Texas, U.S.
    All ten battery storage projects in the portfolio are expected to start commercial operations in the coming months, contributing to grid stability and enabling the shift towards renewable energy supplies
    DENVER, Aug. 8, 2023 /PRNewswire/ -- SUSI Partners, acting on behalf of SETF, and U.S. clean energy developer SMT Energy have secured a tax equity investment from specialised tax equity investor Greenprint Capital for a co-owned 100 MW battery storage portfolio located in South Texas.
  • The 100 MW battery storage portfolio was developed by SMT Energy, which managed the assets during construction and will continue overseeing commercial operations as minority owner.
  • The portfolio consists of ten utility-scale standalone battery energy storage projects that will help stabilise strained power grids in the region by balancing mismatches of electricity supply and demand.
  • In the U.S., battery energy storage systems became eligible for investment tax credits ("ITC") after passage of the 2022 Inflation Reduction Act, which takes account of the growing importance of battery storage technology in balancing electricity grids and enabling the shift to renewable energy supplies.

Sunrun Reports Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 2, 2023
Shift, Revenue stream, National Forest Foundation, Housing, Energy Community, AHJ, Electricity, Tree, Congress, Inflation, The Electric Company, National Renewable Energy Laboratory, Asset, California Energy Commission, Environment, Q1, Solar energy, Primary energy, Energy efficiency, Growth, US Treasury specimen book, Pressure, Public housing, PG, Home, ITC, Pacific Gas and Electric Company, PG&E, Guild Education, Acceleration, Partnership, Ford, Woman, IRA, DOE, Weather, Inflation Reduction Act of 2022, City, United States Department of the Treasury, CO2, Renewable energy, Mobile phone, Cryptocurrency, Q2, Sunrun, Energy, Subscription business model

Customers grew 20% in the second quarter of 2023 compared to the second quarter of 2022.

Key Points: 
  • Customers grew 20% in the second quarter of 2023 compared to the second quarter of 2022.
  • Total revenue was $590.2 million in the second quarter of 2023, up $5.6 million, or 1%, from the second quarter of 2022.
  • Net income attributable to common stockholders was $55.5 million, or $0.25 per diluted share, in the second quarter of 2023.
  • Sunrun is hosting a conference call for analysts and investors to discuss its second quarter 2023 results and business outlook at 1:30 p.m. Pacific Time today, August 2, 2023.

Highlights - Energy Community Parliamentary Plenum - Committee on Industry, Research and Energy

Retrieved on: 
Monday, May 15, 2023
Parliament of Albania, Energy Community, Fit, Albania, European Green Deal, Energy, European Parliament, European, Drug

Energy Community Parliamentary Plenum

Key Points: 
  • Energy Community Parliamentary Plenum
    15-05-2023 - 17:00
    The aim of the Energy Community Parliamentary Plenum, organised on the 23rd of May, is to bring together Members of the European Parliament and the Parliaments of Albania, Bosnia and Herzegovina, Kosovo, North Macedonia, Georgia, Moldova, Montenegro, Serbia and Ukraine, in order to solidify a parliamentary dimension in the Energy Community process.
  • This Parliamentary Plenum meeting will focus on the progress in implementing the 2030 targets and the implications of the European Green Deal and the Fit for 55 Package, as well as on how to ensure an integrated and green post-war energy sector in Ukraine.

NEW FINANCIAL PARTNERSHIP FUELS POSIGEN'S MISSION TO PROVIDE SOLAR AND ENERGY EFFICIENCY TO UNDERSERVED COMMUNITIES

Retrieved on: 
Monday, May 15, 2023
RFP, Partnership, Energy Community, Eye, LMI, Partner (business rank), Inflation, Brookfield (corporation), Inflation Reduction Act of 2022, Growth, Renewable energy

Through its unique business model, PosiGen works to close the clean energy affordability gap by making solar and energy efficiency available to all homeowners regardless of income.

Key Points: 
  • Through its unique business model, PosiGen works to close the clean energy affordability gap by making solar and energy efficiency available to all homeowners regardless of income.
  • "This new partnership with Brookfield will allow PosiGen to help even more underserved communities by making solar and energy efficiency available to households traditionally unable to access these benefits," says Thomas Neyhart, CEO of PosiGen.
  • "The successful public-private partnership Solar for All helped increase solar deployment in LMI communities by 320% between 2015 and 2020.
  • PosiGen continues to run campaigns in underserved communities helping those with the highest energy burden access solar and energy efficiency to reduce their costs."

Sunrun Reports First Quarter 2023 Financial Results

Retrieved on: 
Wednesday, May 3, 2023
Shift, Revenue stream, Housing, Energy Community, Safety, Electricity, Congress, Inflation, National Renewable Energy Laboratory, Asset, California Energy Commission, Diversity, ESG, Development, Environment, Solar energy, Primary energy, Energy efficiency, Growth, US Treasury specimen book, PG, Home, SAN, ITC, PG&E, Guild Education, Partnership, Ford, Woman, IRA, Global warming potential, Weather, City, Inflation Reduction Act of 2022, United States Department of the Treasury, CO2, Renewable energy, Mobile phone, Risk management, Pharmaceutical industry, Iron ore, Reinsurance, Video game, Sunrun, Guild, Energy, Subscription business model

Demand for clean affordable energy from Sunrun continued to accelerate in the first quarter, with over 30% growth in sales.

Key Points: 
  • Demand for clean affordable energy from Sunrun continued to accelerate in the first quarter, with over 30% growth in sales.
  • Customers grew 20% in the first quarter of 2023 compared to the first quarter of 2022.
  • Total revenue was $589.8 million in the first quarter of 2023, up $94.1 million, or 19%, from the first quarter of 2022.
  • Sunrun is hosting a conference call for analysts and investors to discuss its first quarter 2023 results and business outlook at 1:30 p.m. Pacific Time today, May 3, 2023.

Classes Begin at New Green Job Training Center in Chicago

Retrieved on: 
Tuesday, May 2, 2023
Energy Community, Black Men United, IRA, Black, Certification, Office of Intelligence and Analysis (Treasury Department), Inflation, Citizenship, Department of the Treasury, SRE, Knowledge, Inflation Reduction Act of 2022, Renewable energy, Veteran

CHICAGO, May 2, 2023 /PRNewswire/ -- The Sustainability Hub, a new Chicago job training center jointly developed by Power52's Ecademy and 548 Enterprise (548), has proudly welcomed the first twenty trainees to its clean energy job training program.

Key Points: 
  • CHICAGO, May 2, 2023 /PRNewswire/ -- The Sustainability Hub, a new Chicago job training center jointly developed by Power52's Ecademy and 548 Enterprise (548), has proudly welcomed the first twenty trainees to its clean energy job training program.
  • With funding from Summit Ridge Energy (SRE), the Sustainability Hub is providing comprehensive job training and employment opportunities to local Illinois job seekers eager to start a career in the clean energy economy.
  • Chicago based community organizations have facilitated community outreach to connect local residents with the training program.
  • "This program is delivering clean energy training to prepare our graduates for careers in the green economy.

SunPower Secures New $450M Financing Commitment to Meet High Solar Loan Demand

Retrieved on: 
Wednesday, April 12, 2023
SunPower, Treasury, Service provider, Growth, Partnership, Health, NYSE, HASI, Energy Community, Renewable energy

The vehicle will acquire loans made to SunPower customers and is non-recourse to SunPower.

Key Points: 
  • The vehicle will acquire loans made to SunPower customers and is non-recourse to SunPower.
  • We continue to build and strengthen our suite of world-class financing products to meet growing demand.
  • "We are proud to work with financing partners who share our commitment to clean energy and feel confident that we have access to the capacity to meet growing demand with attractive loan financing for years to come."
  • With SunPower Financial, SunPower offers a seamless solution for purchasing solar and other home energy services through a single provider, including design, sales, installation, warranty and financing.

Summit Ridge Energy and Qcells Announce Largest Community Solar Partnership in the U.S.

Retrieved on: 
Thursday, April 6, 2023
Partnership, Solar energy, Energy Community, Policy, Electricity, LMI, History, IRA, Kilowatt-hour, Administration, Inflation, Community, Investment, Edward M. Kennedy Serve America Act, SRE, Climate, Inflation Reduction Act of 2022, Legislation, Renewable energy, Q-FISH, DALTON

This marks the largest equipment purchase in history within the community solar industry and is viewed by Qcells and SRE as the beginning of bringing American-made clean energy to communities large and small.

Key Points: 
  • This marks the largest equipment purchase in history within the community solar industry and is viewed by Qcells and SRE as the beginning of bringing American-made clean energy to communities large and small.
  • A  majority of the solar panels purchased by SRE  will be produced in Qcells' US manufacturing facilities.
  • "Community solar is key to bringing affordable, reliable clean energy to communities large and small, urban and rural, low-income or working class.
  • We need to meet 21st-century challenges with 21st-century ingenuity, and this latest community solar partnership will help do just that.

Sunrun Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Wednesday, February 22, 2023
Inflation, Revenue stream, Inflation Reduction Act of 2022, Family, California Energy Commission, United States Department of the Treasury, Parental leave, Entrepreneurship, CO2, Home, Safety, Policy, Weather, Record, Solar energy, Asset, City, Energy efficiency, Woman, Intuition, SK Group, Energy Community, ITC, US Treasury specimen book, Partnership, Ford, Tesla Energy, National Renewable Energy Laboratory, Growth, Ministry of Energy, Environment, PG, IRA, Health, Congress, Software, PG&E, Electricity, Guild Education, Primary energy, Cryptocurrency, Management, Renewable energy, Nursing, Risk management, Video game, Mobile phone, Holding company, Sunrun, Subscription business model, Guild, Energy

Customers grew 21% in the fourth quarter of 2022 compared to the fourth quarter of 2021.

Key Points: 
  • Customers grew 21% in the fourth quarter of 2022 compared to the fourth quarter of 2021.
  • Net Subscriber Value was $16,569 in the fourth quarter of 2022, an increase from $13,259 in the third quarter of 2022.
  • Total revenue was $609.2 million in the fourth quarter of 2022, up $173.9 million, or 40%, from the fourth quarter of 2021.
  • Sunrun is hosting a conference call for analysts and investors to discuss its fourth quarter and full year 2022 results and business outlook at 1:30 p.m. Pacific Time today, February 22, 2023.