NEM 3.0

SunPower has posted a lowered customer growth for four quarters in a row and a net loss of US$247 million for FY2023.

The solar industry in California “has experienced devastating results in the form of business closures and depression-level layoffs”.

The California Public Utilities Commission yesterday (16th November) voted to approve a ‘proposed decision’ changing the state’s virtual net energy metering (VNEM) scheme.

sonnenConnect will deploy a time of use (TOU) algorithm which, in conjunction with a battery (which NEM 3.0 reportedly incentivises), “ensures customers will not pay peak-period pricing at any point throughout the year”, the company said.

US distributed solar provider Sunrun has reported GAAP revenue growth of 44% year-on-year through 31 December 2022, with a similar 40% rise in Q4 last year compared with Q4 2021. 2022 also saw record solar installations for the company.

Residential solar installer SunPower has invested in its California sales and marketing division to ensure that as many customers can apply for favourable net energy metering (NEM) 2.0 rates.

PV Tech Premium spoke with Chris Hopper, co-founder and CEO at Aurora Solar about the advantages of using AI-powered software to streamline the process of installing solar panels.

NEM 3.0, the latest iteration of California’s rooftop solar net metering scheme, was passed yesterday by the California Public Utilities Commission (CPUC). Vocal public debate surrounded the legislation before the vote as solar industry workers and representative bodies called for revisions to the proposed decision.

On 15 December, the California Public Utilities Commission will vote on the latest net energy meeting (NEM) proposal regarding the state’s rooftop solar market. Ahead of the vote, activists have taken to the streets in a series of demonstrations against the legislation, and the California Solar and Storage Association (CALSSA) and other representative groups have been vocal in their criticism of the proposal.

The California Public Utilities Commission’s (CPUC) most recent net energy metering (NEM) proposal is too extreme and will discourage homeowners from adopting residential solar, according to Bernadette Del Chiaro, executive director of clean energy business group the California Solar and Storage Association (CALSSA).