The oversubscribed fund was closed with the help of a commitment by Austria’s national development bank. U.S. and Swedish state-owned lenders and impact investors dominate the pool of contributors to the debt finance, which will fund small-scale installations.
The SunPower solar monitoring app draws inspiration for its user interface from unlikely non-energy sources such as Spider-Man.
The Solar Mapper uses artificial intelligence algorithms that compile data extracted from satellite images. It can estimate site solar potential and indicate the most suitable technology.
The tech giant has eliminated its entire carbon legacy and is moving toward running entirely on renewables, 24/7. More importantly, it’s looking to create pathways for other renewable purchasers to follow in its wake.
David Riester of Lacuna Sustainable Investments, looks at how, on the journey from concept to monetized power plant, renewables and energy storage projects tend to get tugged toward ‘zero’ margin, from either direction. The further the rubber band is stretched, the stronger the pull back toward zero.
As the sector continues to grow rapidly, delays in manufacturing scale-ups, difficulties sourcing raw materials and a separate path taken by the electric vehicle sector could all chuck ‘sand in the gears’, according to analyst Wood Mackenzie.
Corporations contracted a record amount of wind and solar energy through power purchase agreements in 2019, up more than 40% from the previous year’s record, says a new report from BloombergNEF. The bulk of this purchasing occurred in the U.S. with tech companies and oil and gas majors leading the charge.
The energy transition is becoming ever more apparent among power companies, as was evident at the European Utility Week event last week in Paris, which showcased the hopes and fears of energy companies. Rebranding next year to ‘Enlit’, the organizers aim to reach the whole energy industry.
The telecommunications company opened a large data center near the Turkish capital. Turkcell said it wants to improve data security by storing more information on Turkish soil.
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