Finance

Startup EPC brings deep experience to U.S. solar and battery energy storage development

The team of solar veterans behind Aquila Energy intend to focus on deploying new and repowering aging clean energy sites by collaborating on engineering, supply chain management and construction across each solar and battery energy storage project. February 6, 2025 Aquila Energy announced its launch in the U.S. solar and battery energy storage market. Made up …

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Indigenized Energy completes Solar for All projects

Indigenized Energy completed what it says are the nation’s first Solar for All (SFA) kickoff projects. The residential solar-plus-storage installations were completed for the Chippewa Cree Tribe in Box Elder, Montana, and the Oglala Sioux Tribe in Porcupine and Pine Ridge, South Dakota. Both Tribes belong to the 14-member Tribal Renewable Energy Coalition (TREC), awarded $135.5 million in Solar for All …

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Battery materials startup’s technology to boost battery performance

Battery materials startup Elevated Materials has brought to market ultra-thin, uniform lithium films that can be applied across graphite, silicon and lithium metal anodes. Elevated Materials launched as an independent company after it spun out of Applied Materials, a chip equipment maker. The technology was developed over the past decade by Applied Materials. The company …

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Enphase full-year revenues down 42%

Enphase annual revenues declined amid an overall downturn in the residential solar market. The company improved its margins and significantly expanded U.S. manufacturing. February 5, 2025 Fremont, California-based Enphase Energy, the world’s largest provider of solar microinverters, announced its Q4 2024 revenues, slightly beating Wall Street consensus expectations. The company delivered $382 million in revenues, …

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Global clean energy investment surpassed $2 trillion in 2024

Investment was more than double of 2020 totals, said a report from BloombergNEF. The U.S. led in Energy transition debt issuances, which grew its investments 5% year-over-year to $206 billion. January 30, 2025 A report on energy transition investments from BloombergNEF showed that global investment in clean energy technologies hit a record of $2.1 trillion …

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Meteomatics secures $22 million to help businesses navigate extreme weather impacts

Meteomatics will use the funding to help meet the growing demand for insights into hyperlocal extreme weather events. January 30, 2025 Meteomatics, a Swiss weather intelligence company that forecasts the weather’s impact on some of the world’s leading businesses, closed a $22 million Series-C funding round, which was led by Armira Growth. Meteomatics said it …

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Nextracker delivers strong earnings beat amid market uncertainty

The solar tracker provider delivered $679 million in gross profits in its fiscal yYear 2025 Q3 earnings report. January 29, 2025 Nextracker, a manufacturer of utility-scale solar tracker mounts, reported its fiscal year 2025 Q3 earnings, beating Wall Street expectations amid market uncertainty industry wide. Share prices are up as much as 25% in the …

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Agrivoltaics business model analysis shows 16% to 43% return on investment

An analysis of sheep-raising and grazing costs indicates that breeding flocks yield higher overall profits, while purchasing and reselling a new flock each year may result in a higher return on investment due to reduced off-season upkeep costs. January 29, 2025 Agrivoltaic business models for raising and grazing sheep suggest returns on investment ranging from …

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Loan guarantee of $1.7 billion to help U.S. producer scale clean hydrogen

Plug Power seeks to scale up production, liquification and storage for fuel cell vehicles in transportation and logistics. January 24, 2025 New York-based hydrogen producer Plug Power Inc. recently secured a $1.66 billion loan guarantee from the U.S. Department of Energy’s (DOE) Loan Programs Office, one of the last loans to close before the change …

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For marginalized communities in Chicago, partnership brings solar opportunity

The pre-apprenticeship program targets residents in areas that have historically been excluded from economic opportunities or have been subject to disproportionate burdens of pollution. January 21, 2025 Marginalized communities and residents in Illinois are being offered a new pre-apprenticeship program that aims to address workforce gaps in the clean energy and construction industries. The partnership …

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