Finance

PG&E will award up to $43 million through the Microgrid Incentive Program to develop clean energy projects in northern and central California. March 28, 2025 Pacific Gas and Electric Company (PG&E) intends to award up to $43 million in Microgrid Incentive Program (MIP) grant funding for the development of nine new community-driven microgrids throughout its Northern and Central …

Nine solar-plus-storage community microgrids planned for California Read More »

Many of the largest clean-energy developers and investors in the U.S. would likely increase their activity in the U.S. clean energy sector as long as no changes were made to energy tax credits, according to study by American Council on Renewable Energy. March 20, 2025 Billions of dollars in private-sector investments could be chilled from …

Instability, uncertainty put U.S. energy dominance at risk Read More »

Nonprofit recipients of $14 billion in federal grants and loans will keep up court fight in hopes of winning release of approved grants for solar and other clean-energy projects nationwide. March 19, 2025 Three nonprofit brokers of clean technology investment won an unequivocal, but temporary, gain in their tug-of-war with the U.S. Environmental Protection Agency …

Ruling: EPA barred from seizing Green Bank funds Read More »

The 200 MWh Fort Duncan energy storage project currently under construction is expected to be operational by summer 2025 in ERCOT territory. March 18, 2025 Recurrent Energy, a subsidiary of Canadian Solar Inc. closed project financing and tax equity for its Fort Duncan Storage project. German bank Nord/LB led the project financing, which includes a construction and …

Texas storage project secures $183 million in financing and tax equity Read More »

Despite residential solar company Sunnova Energy’s financial turmoil, the company will pay bonuses totaling $2.125 million to its top four executives. The decision was approved through its Compensation and Human Capital Committee. The executives who will receive a bonus include: President and CEO Paul Mathews, awarded $750,000 Executive Vice President and Chief Financial Officer Eric …

Amid financial turmoil, Sunnova awards $2.125 million in bonuses to top executives Read More »

The funding in large part will support the manufacturing scale-up of Terabase’s robotics-assisted assembly line, Terafab, March 13, 2025 Terabase Energy has more than $200 million in funding after the company closed its $130 million Series-C financing round. Terabase said the Series C funding will enable it to rapidly deploy its technologies at scale, which …

Terabase surpasses $200 million in funding with Series C round Read More »

DSD Renewables, a developer of solar, energy storage and EV charging stations for commercial, industrial and municipal customers announced it secured a $140 million tax equity investment from Morgan Stanley Renewables. The transaction marks the first time DSD Renewables will transfer tax credits created by the Inflation Reduction Act (IRA) to corporate buyers. The IRA …

DSD Renewables closes $140 million IRA tax credit transaction Read More »

Two projects totaling 430 MW are expected to be supported by the funding. March 11, 2025 Renewable energy developer, owner and operator Arevon Energy announced it secured $509 million for its Kelso 1 & 2 solar projects under development in Scott County, Missouri. The two large utility-scale solar projects are expected to add 430 MW …

Arevon secures $509 million for two Missouri solar projects Read More »

Paul Mathews named as president and CEO of this struggling residential solar energy company, as it repositions to improve cash flow. March 10, 2025 One week ago Sunnova Energy, a residential solar-plus-storage installer, said its cash flow was not sufficient to meet obligations and fund operations, and it outlined steps it would take to try …

William J. Berger steps down as CEO of Sunnova Read More »

From ESS-news Battery energy storage system (BESS) projects under development in the United States by businesses owned by two of the world’s biggest asset management companies are nearing completion after the award of a supply deal and a finance package. The e-Storage division of Sino-Canadian business Canadian Solar will supply 370 of its SolBank 3.0 lithium ferro-phosphate (LFP) batteries …

Supply deal and finance for another 2.2 GWh of US batteries Read More »