This is your SolarWakeup for October 16th, 2023
Coastal Congestion. I’m not talking about the traffic in my neighborhood when New Yorkers and Canadians come to Florida, we’re talking about the grid. Generally, grids send a signal based on congestion pricing to entice more ancillary services to deliver in that node. The interesting aspect of this is that most of the offshore wind has interconnection points at the coastal region nearest the power plants. So if you imagine the wires connecting the turbines together, adding the power together and then running a wire from there to the grid where it needs to deliver energy. That interconnection points needs to be a stable foundation so it not only eliminates stress on the grid but also is able to accept the massive power coming from the offshore wind farms. That’s what the Orsted exec in the top article is trying to point out, the grid needs to be able to manage the influx at those interconnection points.
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.
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Yann
This is your SolarWakeup for October 13th, 2023
Perfect Is The Enemy. The most frustrating thing about solar is even with all of the successes, the opposition continues to be fierce from tiny concentration. Today’s announcement about working with environmental groups is why I’m so proud to serve on the board of SEIA. For the sake of the planet, resilience of the grid and maintaining lower costs for consumers, we need to build all of the solar we can, everywhere we can. Every house, building and position in the interconnection queue should be solarized. This will not only solve our grid problems, it will enable a massive decarbonization but also deploy trillions of dollars and create endless jobs. Instead, the solar industry is talking about permit issues and being stuck in interconnection backlogs. When I got into solar, a 190W panel cost $4.00/watt and every politician told me the subsidies would never go away, so we’ve done the hard part, let’s do more that let’s the industry get back to work.
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Yann
This is your SolarWakeup for October 12th, 2023
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/
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Yann
This is your SolarWakeup for October 11th, 2023
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/
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Yann
This is your SolarWakeup for October 10th, 2023
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/
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This is your SolarWakeup for October 9th, 2023
I Sit Down With Energy Storage News. Last month, in Las Vegas, I had the pleasure to sit down with Andy Colthorpe of Energy-Storage News. This is the second year in a row that Andy and I have the chance to share notes on the storage market and how it may play out. Of course, I share our FlexGen notes as well. As the storage ecosystem evolves, it’s important for companies to clearly state what we wake up thinking about and for FlexGen it’s all about turning your batteries on and keeping them on with the operating system that’s 15 years in the making. The headline says it all, if you’re building a storage asset, we think it should run on FlexGen’s energy management system.
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.
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This is your SolarWakeup for October 6th, 2023
US Goes Big On Minerals. America doesn’t nationalize industry but it has the tool belt of public private partnerships. Through direct investment, export/import banks and the loan guarantees, American companies can lead on a global stage to secure the supply chain that our Country needs for the next century.
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.
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Yann
This is your SolarWakeup for October 5th, 2023
Learn The Term, IBRs. That’s inverter based resources and NERC has it’s displeasure with how well they handle grid imperfections. I mentioned this would come to the headline a few months ago and now there’s some coverage. So now expect more specification, requirements of the inverters for the solar and battery projects that you’re building, investing in and owning. It also means, as the story explains, that projects need to be commissioned more carefully and operated with real-time capabilities so that a single asset doesn’t take down an entire grid.
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.
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Yann
This is your SolarWakeup for October 4th, 2023
Everyone Loves Solar. A new University of Maryland poll shows us once again that solar is popular, 75% of Americans support development of solar farms in their community. 87% for Democrats and 66% for Republicans. That’s as good of a bipartisan issue as you can find, especially in today’s DC.
A Manufacturing Conference. In 2012, the keynote at SPI said the US was a beneficiary in development, finance and structuring of solar deployment made possible by the lowering of costs of solar modules. Modules cost about $1/watt then, down from $4/watt. Every since, we’ve chased the elusive solar manufacturing complex here at home. Now we have a conference focused on manufacturing, that’s pretty good!
You Make A Battery, They Make A Battery. With the inventory of brands making residential storage boxes, you have to imagine the competition to get into the installers and distributors is fairly stiff. Distributors care about the following in my experience, cost of the product compared to other options, terms provided by the manufacturer for the inventory and pull through by the installer. With cost of capital at a multi-decade high, this is going to put some real pressure on the balance sheets of the manufacturers of these boxes and likely cause many of them to go direct, which is a challenge for shipping costs, credit and gaining share one installer at a time. The real benefit is options create competition for the long tail, my favorite segment of solar installer!
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.
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Yann
This is your SolarWakeup for October 3rd, 2023
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Yann