Energy Update
Thin film PV maker Ascent Solar Technologies lined up an equity-based financing facility of up to $50 million from two institutional investors.
Under terms of the agreement, Ascent issued $12.5 million in convertible advance notes and another $2.5 million in convertible advance notes in a concurrent private placement transaction.
Net proceeds are expected to pay fees and expenses related to the financing and for working capital and other general corporate purposes.
For an industry accustomed to experiencing the highest of highs and the lowest of lows, 2022 tested clean energy's tolerance maybe more than any other.
Solar and energy storage developer Primergy Solar said it closed with Rabobank a $75 million revolving credit facility with the option to increase it up to $200 million.
The facility is expected to be used to support the company’s solar and solar+storage project development pipeline across the U.S.
A new approach to manufacturing perovskite solar cells addressed previous problems and yielded devices with high efficiency and excellent stability, researchers at the National Renewable Energy Laboratory (NREL) report in the journal Science.
Sacramento Municipal Utility District (SMUD) and Swell Energy announced an agreement for Swell to act as the aggregator for a virtual power plant initiative called My Energy Optimizer Partner+.
The initial effort is intended to bring 20 MWh and 10 MW of renewable capacity to SMUD by recruiting, installing and aggregating capacity from customers’ battery storage systems located in the utility’s service area in California’s capital city.
Form Energy will build its first iron-air battery manufacturing facility in West Virginia, the company and state officials announced.
By Elizabeth Ouzts, Energy News Network
By year’s end, North Carolina regulators will issue their plan for how Duke Energy should zero out its carbon emissions, shaping the profile of the Charlotte-based utility’s electricity generation over the next three decades.
In the lead-up to the release of the Carbon Plan — a requirement of a bipartisan state law that passed last year — the Energy News Network is spotlighting some of its most hotly contested aspects.
MEXICO CITY (AP) — Mexico plans to ask U.S. President Joe Biden for as much as $48 billion in financing for solar projects, Foreign Relations Secretary Marcel Ebrard said Dec. 20.
Ebrard said the request will be presented to Biden at the upcoming Jan. 9-10 meeting of U.S., Canadian and Mexican leaders in Mexico City.
The U.S. Postal Service said it now expects to acquire at least 66,000 battery electric delivery vehicles as part of its 106,000 vehicle acquisition plan for deliveries between now and 2028.
The vehicles are expected to begin to replace the Postal Service’s aging delivery fleet of more than 220,000 vehicles.
The Postal Service said it anticipates at least 60,000 Next Generation Delivery Vehicles (NGDV), of which at least 75% (45,000) will be battery electric.
BENGALURU, India (AP) — For renewable energy companies in India, it’s a good time to be in business.
One of India’s largest renewable energy firms, Renew Power, will be among the corporations big and small hoping for a piece of a $2.6 billion government scheme that encourages the domestic manufacturing of components required to produce solar energy. It’s the biggest such incentive in India’s history.
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