The Investment Ecosystem. It was my first solar conference that I heard a VC talk about investing in solar companies looking for a 10x return. This was 2007 and the VC was Abe Yokell, and I thought he must have misspoke because how could you turn 10million into 100million in solar (in 2007). Now it’s 2023 and the fund is Congruent Ventures which closed on fund III with $300million of fresh capital for existing investments. The top of the funnel matters for innovation, and the ability to create 10x returns exists. Look at Nextracker, which was acquired for an astounding $330million in 2015, but is now worth over 5billion.
The Details On Bulk Power Security. UL releases new standards, many companies expanding ISO to include security, and SEIA is co-hosting an important discussion on Secure Renewables. On June 7th, you can get smart on the topic in DC by joining me and many others at the conference, check out securerenewables.com to find out more. It’s not just the modules and power conversion but the importance of controls, software and monitoring that needs to meet the moment for the role the solar and storage industries want to play in the energy transition.
A CRA To Push Back On. Stay in the know on all things regarding the CRA, which could create a reversal of Biden’s two year delay of the Auxin case. Over 400 companies signed on to a letter to ask Congress to focus on the future while a House Committee moved the CRA forward.
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
Opinion
News
1 Canary Media:
Congruent raises new $300M climatetech fund despite market slowdown
2 PV-Tech:
UL Solutions publishes new solar and storage cyber security requirements
3 Utility Dive:
EPRI launches 3-year initiative to address grid constraints, develop tools to serve coming EV loads
4 Bloomberg:
Republicans Fight a Solar Boom That’s Made Texas King of Clean Energy
5 Axios:
Rapidly developing El Niño set to boost global warming
6 Reuters:
US House committee votes to repeal Biden solar panel policy
7 Energy Storage News:
US$150 billion in US clean energy investments announced since Inflation Reduction Act
Opinions:
8 PV-Magazine:
FEMA’s $13 billion for Puerto Rico’s grid could shift to solar if lawsuit succeeds
Have a great day!
Yann
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
Opinion
News
1 Utility Dive:
With looming EV load spikes, PG&E, Duke, other utilities adopt new rate design and cost recovery strategies
2 Axios:
Want a tax break on an electric car? You'll need to buy American
3 National Law Review:
New Mass. AG continues hard line against local bylaws that hinder battery energy storage systems
4 Canary Media:
A huge new clean energy transmission line gets the green light
5 PV-Tech:
400 solar companies petition US Congress to uphold AD/CVD waiver, warning of US$1 billion in retroactive duties
6 Energy Storage News:
Berkshire Hathaway-owned US utility Pacificorp targets 7.4GW energy storage by 2029
7 Bloomberg:
Taiwan’s Battery-Swapping Stations Now Double As Mini Power Plants
8 PV-Magazine:
UL and NREL set cybersecurity standards for distributed energy, inverters
Opinions:
9 Reuters:
Germany sees 'a chance' COP28 can reach fossil fuel phase-out deal similar to G7 - official
Have a great day!
Yann
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
Opinion
News
1 PV-Magazine:
Since IRA, $150 billion investment, 46 factories, 18,000 jobs in renewable energy
2 Utility Dive:
NERC opposes expanding physical security rules for critical substations following Duke, PSE, other attacks
3 Virginia Mercury:
Dominion’s renewable projects approved by regulators despite cost concerns
4 Reuters:
Britain looks to widen renewables support scheme
5 Energy Storage News:
European Union’s mandatory Battery Passport sustainability effort starts to take shape
6 Canary Media:
This NASA tech might just spur a major grid battery breakthrough
Opinions:
7 Bloomberg:
How to Find the Next Generation of Breakthrough Tech Startups
Have a great day!
Yann
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
Opinion
News
1 New York Times:
A key part of America’s plan to slash carbon emissions
2 Bloomberg:
Germany Retires Nuclear Plants in Hopes of Greener Pastures
3 Utility Dive:
Chinese supply chains for critical infrastructure threaten the US power grid
4 Axios:
What carbon removal can — and can't — achieve
5 Reuters:
G7 ministers set big new targets for solar and wind capacity
6 PV-Tech:
Bids for Germany’s 1.95GW ground-mounted solar systems receive overwhelming subscription
7 Energy Storage News:
Developer - fewer eyes on 9.9MW ‘distributed play’ segment of ERCOT storage market
8 PV-Magazine:
Solarcycle solar recycling specialist raises $30 million in new funding
Opinions:
9 Canary Media:
California is a rooftop solar giant. New rules could change that
Have a great day!
Yann
