Tesla has decimated its solar business from installation peaks of years past and its market share lead has long been surrendered to Sunrun and others. In December, it claimed it would install 1,000 building-integrated solar roofs per week – a figure it has not come close to achieving in six months. Is this any way to run a solar business?
This investment comes on top of US$100 million invested in 2018. Venture capital and corporate funding of new energy technologies continues despite – or perhaps because of – the pandemic.
Span’s ambition is to “transform the electrical panel into an intelligent gateway” and expand the adoption of solar and electric vehicles, as well as storage systems like Panasonic’s residential battery.
Winners of the island state’s largest ever renewable energy procurement include AES, Hanwha, Engie, EDF, Longroad.
The coal era could be said to be officially over in the United States.
German startup Sinn Power has combined wave, wind and solar power to create what it claims is the world’s “first floating ocean hybrid platform.”
The startup claims to be “the world’s top supplier of graphene” and plans to release a non-flammable, environmentally friendly lithium battery that can charge “18 times faster than anything that is currently available on the market” — within the next year.
SunPower has had to make fundamental changes to continue to be relevant in a solar industry very different from that of its roots. The company aims to become an energy service provider and is leaving low-cost manufacturing to its Chinese partner.
The holy grail of energy storage has always been low-cost and long-duration. Form Energy intends on deploying a 1 MW/150 MWh system with a Minnesota utility before 2023, an unprecedented energy storage duration if successful.
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