High-concentration photovoltaics (CPV) firm Amonix has raised US$129.4 million in a Series B financing round led by major VC firm, Kleiner, Perkins, Caufield & Byers. Amonix had previously raised US$25 million in Series A funding from Goldman Sachs Group and received US$15.6 million in grant funding through the Department of Energy Solar America Initiative (SAI). In 2010, Amonix received US$9.5 million in stimulus funding as part of the U.S. federal Recovery Act’s Advanced Energy Manufacturing Tax Credit, bringing capital injections past US$179 million.

“Amonix CPV systems have emerged as the lowest cost solar technology for sunny and dry environments,” said Ben Kortlang, Partner of Kleiner, Perkins, Caufield & Byers. “Developers and utilities are choosing Amonix systems because of their 15-year track record in the field, high reliability, ease of deployment and industry-leading efficiency.”

The new investment will boost Amonix’ balance sheet and potentially improve customer confidence in using the company’s technology for larger scale solar projects.

Renewable Energy Trading Summit

7 June 2022

The Renewable Energy Trading Summit is the only event in Europe dedicated to renewable energy trading and will bring together renewable power asset owners, investors, exchanges, intermediaries and large energy buyers to discover the future of power sales. This unique event is designed specifically for the most senior players and will provide an excellent forum for business deals, networking and learning. The energy transition is gathering pace with renewable energy attracting increasing sums of capital each year. Solar and wind deployment is increasing annually and governments are ever-more reliant on the renewables sector to stimulate moribund economies. Retirement of fossil fuel assets continues in the background. However, without subsidies and uncertainty around PPAs, renewable asset owners are heading into the wholesale markets to trade power but are they ready for the volatility in revenue this will entail?

Inside the empirical data analysis supporting the global adoption of ultra-high power PV modules

9 June 2022

The proliferation of solar PV and other renewables is a cornerstone of the emerging new power system and, as a result, the solar industry has entered its fastest-growth period. This has become typified by surging demand for high-power PV modules that both produce more power and are more efficient than their predecessors. Providing a significant boost to power outputs, large-format modules have become a popular choice for customers the world over. Outdoor testing of modules is now providing empirical evidence of the benefits large-format modules produce, providing a crucial benchmark and invaluable data for customers to evaluate their module selection and procurement processes. In this PV Tech webinar, experts from TÜV Rheinland, CPVT and Trina Solar will discuss how to ensure science based and precision testing under field conditions, how empirical data is collected and analysed during TÜV Rheinland and CPVT’s outdoor testing, the empirical data behind a 670W module’s ultra-high power, and more.

PV ModuleTech U.S. Special Edition

14 June 2022

Join us in Napa to unlock the key to reliable PV module supply to the U.S. market in 2022 & 2023. We'll also be gathering the main players in the US solar market for some wine tasting!

How installers can meet surging consumer demand for holistic home solar, storage and EV charging systems

15 June 2022

Consumers are turning to residential renewables in significant numbers, driven by a desire to be environmentally conscious and a wave of high power prices. But turning green requires easy-to-use and, above all, safe technologies that meet expectations. Huawei is committed to building efficient, safe, reliable and grid-supporting smart PV plants that also provide smart services to consumers, and its Residential Solution has been tailored to meet consumer demand. This webinar will demonstrate the full suite of technologies offered within the Huawei Residential Solution, including a smart energy controller, smart AC charger, and AI-powered energy storage solution, and detail how it can place power back in the consumer’s hands.

Large Scale Solar USA

22 June 2022

The 11th edition of the Large Scale Solar Summit is coming to the US after 10 sell-out years in Europe! Designed as a meeting place for deal-making, we will not only discuss the most up to date topics and technologies but will also provide varied networking platforms so that developers, EPCs, manufacturers, asset owners, and investors can connect with possible clients and partners. In a year expected to break records for the solar market, join us in Texas to meet with the top players in the industry and expand your network as business booms.

Energy Next

19 July 2022

As New South Wales is gearing up to become a renewable energy superpower, an exciting clean energy event is coming to Sydney. Energy Next is a free-to-attend industry event focusing on the latest renewable energy and energy management technologies, which will be held from 19-20 July 2022 at the ICC Sydney in Darling Harbour. Organised by the same people behind the country’s largest clean energy event, All-Energy Australia, Energy Next will bring a quality exhibition and technical session series to NSW. Energy Next will also host the Clean Energy Council’s Solar Masterclass with a program developed for solar designers and installers. Across two days, Energy Next will provide an extensive exhibition, workshops and networking opportunities for those working in the renewable energy industry to meet with leading suppliers, discover the latest technologies and gain an understanding of how to successfully launch new clean energy projects.

Borrego sells 8GW+ solar, storage development business to ECP

May 26, 2022

US solar and energy storage developer Borrego will spin off and sell its development business, including its more than 8.4GW PV project pipeline, to investment firm ECP.

Better Energy, Forus partner to develop 1GW of solar PV in Finland

May 26, 2022

Danish developer Better Energy has partnered with Finish solar company Forus to develop more than 1GW of solar PV in Finland.

Solar tax credits, other financial incentives deemed critical to regionalised manufacturing growth

May 26, 2022

Leading solar manufacturers have implored governments to implement tax credits and other financial incentives to stimulate domestic PV manufacturing.

Iberdrola planning US$3.2bn green hydrogen investment

May 26, 2022

Spanish utility Iberdrola will invest €3 billion (US$3.2 billion) in green hydrogen, the company’s chairman, Ignacio Galán, has announced as he called for a stable European framework to boost investment in the technology.

PODCAST: TOPCon’s takeover and Europe’s surging energy storage demand

May 26, 2022

The Solar Media Podcast returns to discuss the continued rise of TOPCon PV modules and energy storage demand throughout Europe.

PV Tech Premium

‘2023 belongs to EPCs’: How Sterling and Wilson sees PV challenges and alternate supply chains unfolding

May 25, 2022

Solar EPC Sterling and Wilson believes an easing of PV module supply concerns, the rise of alternate supply chains and a gigawatt-scale green hydrogen market will drive both short- and medium-term growth for PV developers and EPCs.

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Inside the empirical data analysis supporting the global adoption of ultra-high power PV modules

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CPV firm Amonix raises US$129.4 million in new round of VC funding

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PODCAST: TOPCon’s takeover and Europe’s surging energy storage demand

‘2023 belongs to EPCs’: How Sterling and Wilson sees PV challenges and alternate supply chains unfolding

US ROUND-UP: Pivot Energy develops community solar portfolio, Duke Energy energises first solar plant in Florida

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Energy Next

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Borrego sells 8GW+ solar, storage development business to ECP

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Upcoming Events

Renewable Energy Trading Summit

Inside the empirical data analysis supporting the global adoption of ultra-high power PV modules

PV ModuleTech U.S. Special Edition

How installers can meet surging consumer demand for holistic home solar, storage and EV charging systems

Large Scale Solar USA