Category: Commercialization

February 13, 2023

The 288MWh VS1 project is claimed to be Australia’s first commercial CSP plant and will begin operations in the latter part of 2025. The plant will make use of Vast Solar’s modular CSP technology. The solar company aims to demonstrate […]

February 9, 2023

The Department of Energy has moved to fund up to seven pilot enhanced geothermal system (EGS) projects to demonstrate different geologic settings, a variety of development techniques, and different well orientations. The U.S. agency on Feb. 8 announced up to […]

February 2, 2023

Better Energy and Industriens Pension have agreed to jointly invest €800m in the construction of 15 solar farms in Europe, The projects are in Denmark, Poland and Sweden and are planned to be operational by the end of 2024. They […]

January 30, 2023

Six offshore wind developers submitted proposals to develop projects as part of New York’s third solicitation. In total, the developers submitted more than 100 proposals. The New York State Energy Research and Development Authority (NYSERDA) said the solicitation resulted in […]

January 25, 2023

The company specializes in robot-enabled turbine inspection and maintenance and plans to use this funding round to grow its technical and sales functions, expand its presence in fast-growing markets including Africa and Australia, and bring new services to market. According […]

January 19, 2023

A group of utilities in the Southeast plans to file a full application for at least part of the $8 billion in federal funding earmarked to develop regional clean hydrogen hubs. The Southeast Hydrogen Hub coalition was among nearly three […]

January 18, 2023

Lightsource bp said it closed on a $267 million tax equity investment from Wells Fargo & Co. The investment is in addition to Lightsource bp’s sponsor equity investment and complements a debt financing package that closed in December 2021. Wells […]

January 6, 2023

Massachusetts intends to finance up to 40% of a wind power project in far northern Maine, potentially giving the state the partner it needs to make the project a reality. The partnership comes as states in the Northeast are struggling […]

January 4, 2023

Hannon Armstrong Sustainable Infrastructure Capital said it closed two new investments in grid-connected renewable energy assets developed, owned and operated by AES. Hannon Armstrong will make a common equity investment in a roughly 1.3 GW portfolio of operating solar and […]

January 3, 2023

Large global corporate groups continue to buy stakes in major renewable energy projects and sign power purchase agreements (PPAs) designed to provide long-term electricity for their operations. Some governments, notably India, are using PPAs to move away from coal-fired power […]

December 28, 2022

Thin film PV maker Ascent Solar Technologies lined up an equity-based financing facility of up to $50 million from two institutional investors. Under terms of the agreement, Ascent issued $12.5 million in convertible advance notes and another $2.5 million in […]

December 19, 2022

The National Renewable Energy Laboratory said it plans to award $2.9 million to 11 manufacturers of small- and medium-scale wind turbine technology through its Competitiveness Improvement Project (CIP). The awards are intended to help manufacturers of wind turbines less than […]

December 14, 2022

Countries’ timelines to becoming energy secure and reaching net-zero targets have shortened. Major contributing factors include COVID-19’s impact on supply chains and the war in Ukraine. Alongside this are external influences such as COP27, or the landmark U.S. Climate Bill, […]

December 14, 2022

The Massachusetts Clean Energy Center (MassCEC) launched a new $50 million fund to support the advancement of clean energy and climate tech by investing in early-stage start-ups. The 2030 Fund will target firms that are creating highly technical tools that […]

December 8, 2022

The U.S. Department of Energy (DOE) today announced $8 million for six solar energy research projects across six states and the District of Columbia that will provide new economic opportunities for farmers, rural communities, and the solar industry. The funding […]

December 1, 2022

The world’s oil and gas majors, along with some of the largest utility companies, continue to invest in renewable energy as they develop diversified power generation project portfolios. Among the latest is France’s TotalEnergies, which in late October announced an […]

November 28, 2022

Dallas-based Leeward Renewable Energy said it closed around $420 million in construction-to-term financing from MUFG Bank Ltd. and a $195 million tax equity commitment from Wells Fargo for its Big Plain Solar Facility in London, Ohio and its Oak Trail […]

November 28, 2022

The U.S. Department of Transportation awarded more than $100 million for infrastructure projects to support offshore wind energy projects in and around the Atlantic Coast and Great Lakes. The awards were part of more than $703 million in funding to […]

November 18, 2022

NextEra Energy announced it plans to purchase a full or partial stake in several renewable energy projects for $805 million. This would include a 49% interest in Emerald Breeze, a portfolio holding company that has about 1.5 GW of solar […]

November 17, 2022

First Solar said it plans to build its $1.1 billion, 3.5 GWdc factory in Alabama, its fourth U.S. photovoltaic (PV) solar module manufacturing facility. The new factory is part of a previously announced investment in scaling First Solar’s American manufacturing […]