United States

The Swiss technology company will provide a microgrid combining battery and flywheel storage technologies to improve energy stability for around 300,000 people near Anchorage, Alaska.

In four years, the company has originated more than $1 billion in solar loans, reaching the goal it set when it was founded in 2012.

The Solar Foundation’s National Solar Jobs Census finds solar created one of every 50 new jobs in the United States in 2016, increasing by 51,000 in 2016, or 25% over 2015.

The U.S. thin film manufacturer has expanded its development center in Santa Clara, California, and acquired production equipment from First Solar and Bloo Solar.

Along with changing its name from Tesla Motors to Tesla Inc. the electric vehicle and battery maker will eliminate the SolarCity brand.

The 30 MW lithium ion battery system is the third massive system to go online in Southern California this week, totaling 77.5 MW of capacity.

The system is one of three that SCE has contracted to meet peak demand needs following its Aliso Canyon leak, as a new test for the abilities of energy storage.

Around 75 jobs will be lost during the microinverter specialist’s restructuring drive, which reflects increased price pressure across the segment, both globally and in the U.S.

SEC filing outlines proposed changes, described by company CEO Paul Nahi as “necessary to create path to sustained profitability”. Restructuring will cost estimated $2 million and follows announcement last year of staff losses.

The Florida power company’s results call indicate very rapid activity over the last year, and NextEra expects a similar rate for future development, along with dividend growth.