SunPower’s distributed-generation services platform, as well as storage and digital solutions, will be key to its long-term growth, CEO Tom Werner said in an earnings call this week.
The shift in strategy means the bank will move away from using RECs as its primary tool to meet its renewable energy goals.
The economic feasibility of plant factories has been questionable because of energy costs. Now, customers of one containerized farm provider in the United States can opt for 100% clean energy with a subscription service.
A spin-off of the Connecticut Green Bank, IPC is a not-for-profit investment fund that scales clean energy financing and channels investment capital to communities that need it most.
“We’ve averaged 2.4 cents a kilowatt hour for the last six months for PPAs. That’s actually too low. I think we would be fine at 3.4 cents… I don’t think that solar and wind industries would skip a beat [without their tax incentives], and they have other policy mechanisms.”
An improved quarter for Enphase was carried partially by the U.S. launch of the Encharge storage system, as well as impressive revenue improvements in the European market.