Energy Update
On Friday, solar financing company Sunlight Financial announced the closing of its previously-announced business combination with Spartan Acquisition Corp. II, a publicly-traded special purpose acquisition company (SPAC) sponsored by funds managed by an affiliate of Apollo Global Management, Inc.
Sunlight partners with contractors nationwide to provide homeowners with financing for the installation of residential solar systems and other home improvements.
Earlier this month, the New Jersey legislature passed two pieces of legislation that will help increase solar development across the state.
New York Governor Andrew M. Cuomo this week announced that New York plans to explore the potential role of green hydrogen as part of the state’s comprehensive decarbonization strategy.
Most people don’t give the color of their roofs a second thought, but it could be costing their business a lot of money.
White or light gray roofs can increase rooftop bifacial PV energy yields by up to 25 percent and increase the return on investment by up to 10 percent, according to new research by Opsun, a bifacial PV racking company.
To ensure greater simplicity in the way the multinational energy company is managed, ENGIE has rearranged its organizational structure with the establishment of four energy business units and a technical services arm.
The new organizational structure, which came into effect on 1 July 2021, will help ENGIE increase its focus on core businesses to better operational performance, a statement from the group’s COO Catherine MacGregor states.
As solar power proliferates, at a certain point, it’s time to consider adding energy storage to help stabilize the grid. Take California’s duck curve problem as an example. The state has more than 31 GW of installed solar capacity and is ranked number 1 in the nation for solar according to SEIA. But all that solar means that between the hours of about 4-9 PM, as the sun is setting and folks are getting home and cranking up their appliances, the grid becomes strained.
Community solar programs are popping up across the U.S. Not only do they allow for the proliferation of more clean energy because new solar arrays can be constructed in just the right locations, but they also allow any utility customer to go solar by subscribing to a project and earning bill credits that lead to savings of around 10% on electric bills.
DOE announces 52M for 31 hydrogen projects; issues RFI for projects to which Avangrid responds
As a result of harsh drought conditions in California in 2021, the U.S. Energy Information Administration expects the state’s hydroelectric generation to be lower in 2021 than it has been in recent years.
A new collaborative project led by researchers at the University at Albany Atmospheric Sciences Research Center (ASRC) could soon offer a new approach to tap into this vast amount of renewable energy.
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