Industry Updates

Industry updates from RSS feeds and other sources

September 14, 2022

Grid-Scale Energy Storage Reached Record Installations in Q2 – Solar Industry

According to Wood Mackenzie, a Verisk business, and the American Clean Power Association’s (ACP) latest U.S. Energy Storage Monitor report, the U.S. energy storage market set a new record in the second quarter of 2022, with grid-scale installations totaling 2,608 MWh – the highest installed capacity for any Q2 on record. Grid-scale storage was boosted […]

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September 14, 2022

CSI Energy Introduces SolBank Energy Storage for Utility-Scale Projects – Solar Industry

Canadian Solar Inc.’s CSI Energy Storage, which is part of its majority-owned CSI Solar Co. Ltd. subsidiary, is launching SolBank, a proprietary battery solution for utility-scale applications. CSI Energy Storage is also expanding its battery manufacturing capacity from the existing 2.5 GWh to 10 GWh by the end of 2023. The SolBank is a lithium […]

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September 14, 2022

Former Orsted Exec Forms Bluestar Energy Capital – Solar Industry

Declan Flanagan, former CEO of Orsted’s onshore business, has launched Bluestar Energy Capital, a new global renewable energy investment platform with an initial $100 million in capital for greenfield renewable energy development. “A huge amount of capital is seeking a role in the energy transition, but a scarcity remains of the right kind of capital […]

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September 14, 2022

Correlate Acquires Aegis Renewable Energy to Expand into Northeast Market – Solar Industry

Correlate Infrastructure Partners Inc., an energy optimization and clean energy solutions provider for North America, has signed a nonbinding letter of intent to acquire Aegis Renewable Energy Inc. Aegis is a commercial, industrial and community solar company focused on solar project development and engineering, procurement and construction services in the eastern United States. Upon completion, […]

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September 14, 2022

X-ELIO Signs PPA to Power BASF Freeport Site with Solar Energy – Solar Industry

BASF and X-ELIO have signed a 12-year power purchase agreement (PPA) to supply 48 MW of solar power to BASF’s Verbund site in Freeport, Texas. The BASF Freeport site is one of BASF’s six global Verbund sites. “With this agreement, we take a big step forward, reaching 100 percent of the site’s purchased power to […]

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September 13, 2022

McDonald’s Signs 15-Year VPPA with EDF Renewables for Apollo Solar Project – Solar Industry

EDF Renewables North America has signed a 15-year virtual power purchase agreement (VPPA) with McDonald’s Corp. The 255 MW AC / 332 MW DC Apollo Solar project, located in Texas, is expected to begin delivery of low carbon electricity in June 2024. “We applaud McDonald’s for taking action on climate change and are honored to […]

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September 13, 2022

Renewables Contribute to Downward Shift in Carbon Intensity of Power Generation – Solar Industry

From 2016 to 2020, the carbon intensity of U.S. power generation fell 18%, driven by a shift in the U.S. electricity generation mix away from coal and toward natural gas and renewables, reports the U.S. Energy Information Administration (EIA). The carbon intensity of power generation measures the amount of CO2 emitted to produce a unit […]

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September 13, 2022

Energy Toolbase, Luminia Unveil Platform for Commercial Solar Financing – Solar Industry

Energy Toolbase has launched Luminia‘s financing solution onto the ETB Developer platform to allow for in-platform power purchase agreement (PPA) and Property Assessed Clean Energy (PACE) loan financing for commercial solar, energy storage and energy efficiency projects. With Luminia’s financing solutions, ETB users can now instantly pre-qualify and quote Clean Energy PPA and PACE loans […]

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September 13, 2022

CSI Solar Introduces EP Cube Energy Storage with Power Management Control – Solar Industry

Canadian Solar Inc.’s majority-owned subsidiary, CSI Solar Co. Ltd., is launching the EP Cube, a lightweight all-in-one residential energy storage solution. The EP Cube will be scalable and customizable from 9.9 kWh to 19.9 kWh capacities. It will include an all-in-one design with hybrid inverter and stackable battery modules, requiring minimal wall space. The EP […]

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