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US Top Destination for Indian Solar Module Exports in 2022

India’s solar module exports witnessed an unprecedented surge in 2022, recording a 321% hike year-over-year (YoY), totaling $561.6 million. It was primarily driven...

March 14, 2023

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Arjun Joshi

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Markets & Policy

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Solar
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Tracker Systems Provider FTC Solar’s Loss Narrows by 14% YoY in 2022

United States-based solar tracker systems provider FTC Solar posted a net loss of $20.5 million in the fourth quarter (Q4) of 2022, a year-on-year (YoY) improvement of...

March 2, 2023

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Gautamee Hazarika

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Finance and M&A

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Solar
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US Announces $2.5 Billion Funding for Carbon Capture Technologies

The U.S. administration’s Department of Energy (DOE) has announced $2.5 billion in funding for two carbon management programs to significantly mitigate the carbon...

February 24, 2023

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Gourav Mishra

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Technology
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Flux Power’s Q2 Net Loss Narrows to $1.7 Million on Increased Sales

Flux-Power, a U.S.-based lithium-ion energy storage solutions provider, posted a net loss of $1.7 million during the second quarter (Q2) of the financial year (FY) 2023...

February 14, 2023

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Satish Shetty

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Energy Storage

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Finance and M&A

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Market & Policy
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Lightsource bp Closes Tax Equity Investment Deal for 481 MW Solar Projects

Lightsource bp, a global utility-scale solar project developer, announced closing a tax equity investment from Wells Fargo and Company for a 481 MW solar project...

January 20, 2023

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Satish Shetty

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Finance and M&A

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Solar

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Utility Scale
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US Renewable Sector to See $114 Billion Annual Investments by 2031: Report

The Inflation Reduction Act (IRA) in the U.S. will propel the annual investment in the country’s renewable energy sector to nearly $114 billion by 2031 from $64 billion...

January 20, 2023

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Rakesh Ranjan

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Other

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Renewable Energy
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Shell to Acquire US-based EV Charging Firm Volta for $169 Million

Shell USA, a subsidiary of the oil major Shell, has acquired Volta, a U.S.-based Electric Vehicle (EV) Infrastructure company, in an all-cash transaction valued at...

January 19, 2023

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Satish Shetty

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Electric Vehicles

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Grid

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Market & Policy
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Area Lease Auction for Offshore Wind Projects in California Raises $757 Million

The Biden administration said that it has received more than $757 million in winning bids for offshore wind development rights in California, making it the third major...

December 8, 2022

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Rakesh Ranjan

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Other

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Wind
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NextEra’s Clean Energy Business Records Net Income of $729 Million in Q3 2022

The U.S.-based energy company NextEra Energy reported a third-quarter (Q3) net income of $1.68 billion, a year-over-year increase of 13.49 % compared to $1.48 billion in...

October 31, 2022

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Gautamee Hazarika

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Other

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Renewable Energy
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US, India Partner to Accelerate Sustainable Energy Transition

The United States and India recently reiterated their commitment to accelerating the transition into sustainable energy at the ministerial dialogue of the U.S.-India...

October 11, 2022

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Gautamee Hazarika

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Other

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Renewable Energy
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Energy Storage Firm ONE to Invest $1.6 Billion for a EV Battery Gigafactory in Michigan

Our Next Energy (ONE), a Michigan-based energy storage technology company, announced a $1.6 billion investment in a new battery cell manufacturing plant called ONE...

October 7, 2022

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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US Removes Safeguard Duty on Canadian Solar Products

The United States has agreed to lift safeguard duty on Canadian solar product imports after Canada, the U.S., and Mexico arrived at an understanding on an existing trade...

July 13, 2022

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Peer Mohamed Azees

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Markets & Policy

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Solar
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TotalEnergies to Acquire 50% Stake in Renewables Company Clearway for $1.6 Billion

TotalEnergies announced the signing of agreements with the Global Infrastructure Partners (GIP) to acquire 50% of Clearway Energy Group (CEG), a U.S.-based renewable...

May 26, 2022

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Satish Shetty

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Finance and M&A

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Other
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Emerging Economies Like India Must Focus on Storage Technologies: Report

A recent report by the Massachusetts Institute of Technology’s Energy Initiative (MITEI) has studied the role of energy storage technologies with variable...

May 19, 2022

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Gourav Mishra

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Energy Storage

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Market & Policy
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Fuel Cell Company Bloom Energy Records Net Loss of $78.36 Million in Q1 2022

Bloom Energy, a U.S.-based solid oxide fuel cells manufacturer, recorded total revenue of $201.04 million in the first quarter (Q1) 2022, a 3.6% year-over-year (YoY)...

May 10, 2022

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Satish Shetty

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Other

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Renewable Energy

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