Finance

Researchers in Switzerland have found that the most effective way for governments to nudge homeowners into installing rooftop solar PV sytems hinges on individuals being told how much money they’ve lost by not getting it sooner.

Honeywell purchased $27.5 million in ESS common stock and intends to purchase $300 million in ESS product, with $15 million prepaid. The collaboration enables Honeywell to integrate ESS technology into its global offering, and ESS gains license to Honeywell’s flow battery intellectual property.

Researchers in Sweden investigated the complex non-linear tradeoffs between capacity expansion costs and reliability levels of off-grid PV mini-grids and found that capacity expansion based solely on cost-minimization may result in several reliability issues.

Electra Power, an Israeli energy supplier, is now in negotiations to sell its PV operations for up to $7.88 million. Last year, it reported an operational capacity of 4.7 MW and a project backlog of 25 MW.

EDF Renewables UK and Ireland, a unit of French energy giant EDF, has acquired UK solar installer SAS Energy. It says the acquisition will facilitate new projects in the solar, electric vehicle, and battery storage sectors.

CRISIL, an Indian data analytics company, has announced plans to acquire Bridge To India Energy, in a move aimed at strengthening its presence in the renewables consulting market.

Shell, which acquired Sonnen four years ago, is now actively seeking a majority shareholder for the Germany storage system specialist.

Teralight has signed a 23-year power purchase agreement (PPA) for 108 MW/433 MWh of solar-plus-storage capacity. It will sell electricity to Dalia Power Energies under a tariff linked to the Israeli Electricity Authority’s regulated production tariffs.

As the global North ponders e-mobility dilemmas such as how to source sufficient materials to meet electric car demand, fresh evidence has emerged of how solar can decarbonize transport and farming in Africa.

With an overall investment cost of US$182 million, the Kom Ombo plant is expected to be commercially operational in January 2024.