Listen Here. It has been a minute since you’ve heard me on a podcast. But now you can change that by listening to the latest episode of Factor This! With John Engel. John, who’s been covering the market for Renewable Energy World, and I had a great chat talking about this (newsletter) and you (the reader) and of course, all things energy storage.

One Major Highlight. Having spent the last two years, day and night, living energy storage, I can tell you that one of the biggest items that need to be defined for folks is who does what. Let me highlight the big ones. First is the manufacturer, either a direct OEM that makes the box or an integrator that uses contract manufacturing to make the box. That box is the DC Block. Then comes the PCS manufacturer, that makes the inverter and related power electronics skid. Last is the operating system, which brings together the digital controls hardware (servers) and the EMS platform. This is a unique nexus of coded/configured hardware and robust software platform. With FlexGen, we’re the operating system with the added touch of providing commissioning services to the storage asset owner.

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

• Renewable Energy World: Talking energy storage with Yann Brandt
• PV Magazine: U.S. energy storage market set for take off
• Solar Power World: Treasury caps underserved-community ITC adders at 1.8 GW of projects annually
• Reuters: BP names new onshore renewables head after latest departure
• Bloomberg: Doerr to Back Solar Company Ahead of Merger With Thiam’s SPAC
• Politico: GOPs’ newest attack on Biden’s climate law – China
• Utility Dive: FERC approves Western Resource Adequacy Program for regional capacity sharing
• PV Tech: Denham Capital buys distributed solar company Solops for US$200 million
• Canary Media: Carbon credits could soon help fund distributed clean energy projects

Opinion

• East Bay Times: California’s new solar panel rules must be ditched, critics say

Best, Yann

It Hasn’t Happened Yet. Looking at the top story tells the story. California is well ahead in the EV transition compared to other states but the drive to electric is happening everywhere. I see cars plugged in that I didn’t even know made an electric version, we’ve come a long way from the EV1. Electric cars just look like cars these days. How, when, where and how much they charge is the grid problem plaguing operators and part of the essence of why so much storage is required for flexibility across the grid.

The New Tracking Frontier. Last week Nextracker held their IPO which went as planned, underpriced with a solid pop on day one. The real story is the market expansion that tracking innovator Nevados is bringing to the industry. Eliminating the need for a flat square piece of land in order to get tracking production, the company is opening up markets across the Country with a mega order announcement.

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

• Utility Dive: Most US states lag California in EV adoption by at least 5 years
• PV Magazine: The top five U.S. sports stadium solar adopters
• PV-Tech: All-terrain tracker provider Nevados signs 2GW maiden US supply deal with Ampliform
• Bloomberg: Saudi Aramco Says ESG Investing Threatens Energy Security
• Energy Storage News: California’s ‘Lithium Valley’ will incentivise battery value chain investments
• RMI: We Need More Women in Science and Leadership
• Axios: Everything we know about the gas leak in the L.A.-Las Vegas pipeline

Opinion

• Reuters: Column – Fantasy league matchmaking between oil majors and transition upstarts

Best, 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

• Axios: Nextracker raises $638 million in year’s largest IPO
• PV-Tech: How the US can take full control of PV manufacturing and technology out to 2050
• PV-Magazine: IRA spurs 101k clean energy jobs in first six months
• Bloomberg: Duke Takes $1.3 Billion Charge on Renewable Unit for Sale
• Reuters: EU leaders agree targeted, temporary support for green industry
• Solar Power World: Ampliform deploying Nevados trackers in 2-GW solar project pipeline
• GreenBiz: Wind and solar power generated more electricity in the EU last year than gas. Here’s how

Opinion

• Utility Dive: Renewables would provide cheaper energy than 99% of US coal plants, and catalyze a just energy transition

Best, Yann

Trading NXT. Yesterday, Nextracker priced an enlarged IPO at $24 per share. At some point early this morning, you can see the legacy single axis tracker start trading on the public markets. Compared to the peers, Nextracker is going public at a lower valuation multiple but it is by all accounts a major event for cleantech as the first IPO in a bit.

 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

• Bloomberg: Nextracker Tops Goal to Get $638 Million in Biggest 2023 US IPO
• PV-Tech: Enlight Renewable Energy to raise US$293 million in IPO
• Reuters: Renewable spurt pushes power towards emissions ‘tipping point’
• Energy Storage News: EIA: US battery storage deployments expected to double during 2023
• Utility Dive: Value of new transmission jumps in 2022 on high power prices, extreme weather – Berkeley Lab report
• CNBC: Inflation Reduction Act has spurred 100,000 new green jobs so far: Here’s where they are
• PV-Magazine: Desert Quartzite solar-plus-storage plant gets greenlight from BLM

Opinion

• Axios: Cities race to add EV charging stations — pronto

Best, Yann