Our Latest Quarter. On Thursday I spoke to the market about FTC Solar’s latest quarter and the progress were making in our execution. Our revenues continue to steadily rise as many of you recognize the technology that FTC makes has improved labor efficiency and innovates on many fronts. With our team rising to the occasion and growing, we’re in a great spot to keep up the momentum. The business is made up of the innovative 1P tracker and our amazing team, you can find both in Munich this week at the Intersolar show, booth A5.131. If you need to get in touch with someone from my team, just let me know.
Opportunity To Invest. The latest headlines from Dominion Energy show the opportunity that’s ahead for all the businesses in the energy sector. Strong financial performance by the utility, driven by the growth in energy demand, which is just at the start of the capex investments that so many businesses are planning to make show that our economy is inextricably tied to energy access.
News
1 PV-Magazine:
FTC Solar revenue jumps 58% in Q1
2 Reuters:
Dominion beats quarterly estimates on Virginia, South Carolina power demand
3 Utility Dive:
Corning increased solar Michigan facility investment to $1.5B
4 Bloomberg:
Buffett Exit to Lift Energy Executive Abel to Berkshire CEO
5 Axios:
New report sees corporate climate risk tripling by 2050
6 PV-Tech:
Stonepeak acquires stake in Repsol’s 777MW US solar-plus-storage portfolio
7 Energy Storage News:
Cygni Energy opens 4.8GWh BESS assembly plant in Hyderabad, India
8 Canary Media:
Chart - Clean energy dominated global power construction in 2024
Opinions:
9 New York Times:
What Australia’s Vote Means for Climate in a Major Coal Economy
Have a great day!
Yann
Intersolar Europe. Are you heading to Munich for Intersolar? I will be there alongside my FTC Solar colleagues to talk about all things smart trackers and how we’re aggressively rewriting the roadmap for helping asset owners to get their trackers to work smarter for them. Reach out if you’ll be in town!
Opinion
News
1 Reuters:
Spain's grid denies dependence on solar power to blame for blackout
2 Bloomberg:
Brookfield Weighs US Manufacturing Investment Following Tariffs
3 Axios:
From subs to bases, "climate change crap" has consequences for U.S. military
4 CNBC:
First Solar stock plunges as CEO says Trump tariffs pose ‘significant economic headwind’
5 PV-Tech:
Hanwha to buy REC Silicon for US$88.8 million, shareholders criticise ‘lowball’ offer
6 Wall Street Journal:
Solar-Panel Installer Sunnova Prepares for Bankruptcy Filing Within Weeks
7 Utility Dive:
Policy uncertainty could trigger ‘recession’ for renewables, analyst says
8 Energy Storage News:
Fluence to provide BESS for NTR’s grid-forming Finland project
9 Canary Media:
North Carolina factories and mills cool on clean energy transition
10 PV-Magazine:
Legislators call for increased transparency with PJM
Opinions:
11 New York Times:
Climate Change Urgency Has Declined. The Green Transition Hasn’t.
Have a great day!
Yann
Intersolar Europe. Are you heading to Munich for Intersolar? I will be there alongside my FTC Solar colleagues to talk about all things smart trackers and how we’re aggressively rewriting the roadmap for helping asset owners to get their trackers to work smarter for them. Reach out if you’ll be in town!
Opinion
News
1 Bloomberg:
The Five Seconds That Plunged Spain Into Darkness
2 UtilityDive:
MISO summer capacity prices jump to $666.50/MW-day as power supplies shrink
3 The Hill:
Restrictions on wind, solar unpopular among Texas Republicans
4 PV-Magazine:
U.S. residential solar falls to lowest-ever $2.50 per watt, said EnergySage
5 Reuters:
Spanish grid operator's first assessment rules out cyberattack behind blackout
6 Solar Builder:
U.S. energy storage industry commits $100 billion in domestic batteries
7 PV-Tech:
Nexamp secures US$340 million financing for US distributed solar and energy storage
8 Solar Power World:
Panasonic quits solar and energy storage business
9 Canary Media:
Community solar is winning over Republican lawmakers around the US
Opinions:
10 New York Times:
Trump’s 100 Days of Upending Climate Policy
Have a great day!
Yann
Intersolar Europe. Are you heading to Munich for Intersolar? I will be there alongside my FTC Solar colleagues to talk about all things smart trackers and how we’re aggressively rewriting the roadmap for helping asset owners to get their trackers to work smarter for them. Reach out if you’ll be in town!
Opinion
News
1 Politico:
Republicans sprint to wrap up Trump’s tax bill
2 Wired:
Grid-Scale Battery Storage Is Quietly Revolutionizing the Energy System
3 Utility Dive:
FirstEnergy faces minimal direct tariff impact, but ‘uncertainty’ weighs on customers - CEO
4 Canary Media:
A mass exodus begins at the Energy Department
5 Axios:
Oil drilling giants start tallying tariff drag
6 Reuters:
China's wind, solar capacity exceeds thermal power for first time, energy regulator says
7 PV-Tech:
Boviet Solar opens US module assembly plant in North Carolina
8 PV-Magazine:
New York redirects surplus solar funds after 10 GW distributed solar goal
Opinions:
9 Grist:
Balcony solar took off in Germany. Why not the US?
Have a great day!
Yann
