First State Investments (FSI), a global investor in infrastructure, and Energy Capital Partners (ECP), a power and renewables private equity investor, say FSI is acquiring a 40% stake in Terra-Gen from ECP. The terms of the agreement were not disclosed. Terra-Gen, based in New York, develops, constructs and operates utility-scale wind, solar, energy storage and […]
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SunPower and Maxeon Solar Technologies have completed the strategic transaction announced last November, separating into two independent public companies. “Now is the right time for this strategic spin-off, allowing both SunPower and Maxeon to invest in key programs to drive their future profitable growth,” says Tom Werner, chairman and CEO of SunPower. “Solar power is […]
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Newly established Carlyle Group affiliate Acadia Renewable Energy LLC has acquired a portfolio of solar development projects in Maine from global solar independent power producer BNRG. The portfolio comprises eight solar projects across southern Maine. The projects will sell power to Central Maine Power and Versant Power under 20-year power purchase agreements. Once built, the […]
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Emerson has agreed to acquire Open Systems International Inc. (OSI Inc.) for $1.6 billion in an all-cash transaction. OSI Inc. is an operations technology software provider that broadens and complements Emerson’s software portfolio and ability to help customers in the global power industry. Digitization is critical for the power industry to modernize and improve the […]
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Duke Energy Florida says it plans to add three battery energy storage sites to enhance power quality, reliability and critical services during outages. They will be located at Duke Energy’s Lake Placid Solar Power Plant in Highlands County, John Hopkins Middle School in Pinellas County, and southwest of Gainesville in Alachua County. The sites will […]
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Raptor Maps, a solar software company, has raised a $5 million Series A, co-led by Blue Bear Capital, Data Point Capital and Buoyant Ventures. Other participants include notable clean energy investors Congruent Ventures, Powerhouse Ventures and the Massachusetts Clean Energy Center, along with Y Combinator. Raptor Maps solves major growing pains for solar project finance, […]
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Leyline Renewable Capital, a provider of pre-construction capital for renewable energy development, has entered into a financing arrangement with Core Solar LLC, a developer of utility-scale, de-risked solar energy projects. Under the terms of the deal, Leyline will provide development-stage capital to support development of 600 MW of utility-scale solar projects representing a portion of […]
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Verizon Communications Inc. has entered into four more long-term renewable energy purchase agreements (REPAs) totaling more than 450 MW of renewable energy capacity as part of its commitment to be carbon neutral in its operations by 2035. These agreements, which are virtual power purchase agreements, will help finance the repowering of wind energy facilities and […]
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Electriq Power, a developer of intelligent and integrated home energy storage, management and monitoring solutions, has added the PowerPod LFP, a high-performance, cobalt-free model, to its family of PowerPod residential battery systems. Electriq’s newest addition to the product line comes amid growing demand for longer-lasting, more sustainable battery alternatives. The non-toxic, non-hazardous solution features lithium-iron-phosphate […]
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POWERHOME SOLAR, a company that specializes in solar energy and energy efficiency services, is expanding its presence in Pennsylvania and opening an office in Harrisburg to provide homeowners and businesses in south-central Pennsylvania with a supplement to grid energy. POWERHOME SOLAR plans to hire up to 100 people in energy consulting, installation and warehouse positions […]
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Duke University’s effort to become carbon neutral by 2024 will add an expanded solar energy component through a partnership with an Asheville, N.C.-based solar developer. The university will bolster its renewable energy capabilities through the purchase of 101 MW of solar capacity from three new solar facilities planned for North Carolina starting as early as […]
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The U.S. Energy Storage Association (ESA), the national trade association of the U.S. energy storage industry, has issued an expanded vision for energy storage, 100×30: Enabling the Clean Power Transformation. Informed by developments in the energy storage and clean energy markets, and extrapolating upon ESA’s 2017 vision document (35×25: A Vision for Energy Storage), this white […]
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