OpenSolar Fundraise.  Fresh on the back of a big year for the folks at OpenSolar, the company recently closed a series B $15m funding round.  As you may recall form our prior interview with the CEO birchy, the company provides NREL validated, high quality sales and design software to installers.  They rolled out new design automation and advanced new features in 2022 and have grown to over 10% of the US resi design market by their calculations. Now you can begin to see the vision for low cost digital sales in the US in residential solar.

New Fund, Longtime Investor. Congrats to Alokh Sindher on his jump to lead an infrastructure fund with Fifth Wall. Alokh has been a staple at DESRI for more than a decade which has been a behemoth in the market for most of that time.

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• Canary Media: VC firm Fifth Wall to bankroll deployment of carbon-free building tech
• Startup Daily: Telstra Ventures backs renewables software startup OpenSolar in $22 million series B
• Politico: Big winners from Biden’s climate law – Republicans who voted against it
• Utility Dive: DOE launches $10M prize to increase community solar in underserved communities
• Energy Storage News: New York’s Energy Storage Roadmap will create ‘very, very strong market in the state’
• NPR: Solar energy could be key in Puerto Rico’s transition to 100% renewables, study says
• Bloomberg: Fine Print on Labor in US Climate Bill Complicates Rush for Tax Credits
• Reuters: Spain’s Iberdrola considers U.S. renewables stake sale, sources say
• PV-Tech: Enlight Renewable Energy files for US initial public offering
• PV-Magazine: Enlight Renewable Energy to go public on Nasdaq exchange

Opinion

• Axios: Ukraine war upended energy markets forever

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

• Utility Dive: Electricity prices surged 14.3% in 2022, double overall inflation – US report
• Energy Storage News: Battery storage can help solve Texas’ ‘Super Duck’ challenge of integrating renewable energy
• E&E News: House Republicans seek to roll back Biden’s solar policy
• Los Angeles Times: California slashed rooftop solar payments. Now opponents want a rehearing
• Bloomberg: GOP Attack on IRS Budget Undercuts Clean-Energy Credits, Treasury Says
• PV-Tech: Mexico’s government approval for solar-plus-storage plant welcomed as shift in thinking
• Canary Media: Chart – Clean energy jobs are booming. What sectors are growing most?
• PV-Magazine: New York grid operator advances 3 GW of solar, storage projects

Opinion

• New York Times: In Davos, a Skirmish Over the Role of Oil States at Climate Talks

Best, Yann

De-De-SPAC. Shell is buying EV charging network company Volta which went public a couple years ago only to lose 90% of its value since then. It’s an unfortunate reality for the companies that found hope and capital in a frothy SPAC environment. That doesn’t mean that the companies are bad or don’t have the ability to succeed, it means that they still need time and breathing room to becomes sustainable endeavors that can withstand the pressure of being public and reporting quarterly. Will more public companies, that went public via SPAC, get acquired? It’s very likely.

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: CAISO proposes tweaks to day-ahead market to account for load uncertainty
• Axios: Mayors want to fight climate change, but fear losing their jobs
• Reuters: Mayors want to fight climate change, but fear losing their jobs
• PV-Tech: ‘A significant moment for European solar manufacturers’ – EU unveils Green Deal Industrial Plan
• Energy Storage News: California utilities seek energy storage-enabled resilient microgrid and island power projects
• Canary Media: Shell buys EV-charger operator Volta for pennies on the dollar
• PV-Magazine: IRA to drive $114 billion in U.S. renewable energy investments by 2031, report says

Opinion

• Bloomberg: Winter Blackouts Highlight Need for Clean Energy

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

• Canary Media: 24/7 carbon-free energy is about to become a reality in California
• Atlanta Journal Constitution: The Jolt – Ossoff and Kemp allies battle over credit for new Qcells plants
• Utility Dive: California greenlights more than 800 MW of storage and solar to bolster power grid reliability
• Axios: “Solyndra” search impacts GOP districts
• Solar Builder: Is it feasible? Is it legal? Sunnova micro utility plan explained as CPUC mulls decision
• PV-Tech: Cubico acquires 1GW solar PV project in Brazil
• Energy Storage News: CATL to start conducting UL9540A tests through UL Solutions partnership
• PV-Magazine: Crafting a California community solar market

Opinion

• Bloomberg: A Tighter Oil Market Is Coming After an Unsteady Start

Best, Yann