Sunnova aimed to tap into the opportunities in the market as its electricity prices are about US$0.43 per kWh, three times the average power price in the US.
US Residential solar company Suntuity Renewables has been acquired by special purpose acquisition company Beard Energy Transition Acquisition Corp (Beard) to become a listed company on the New York Stock Exchange.
As photovoltaic technology goes mainstream, driving a market evolution in how solar is installed and financed, how is one of its stalwarts and pioneers – Qcells – adapting to this consumer-focused future?
An increase in strategic, self-generating renewable energy ‘prosumers’ in the energy market has the potential to lead to ‘death spirals’ for utilities, according to research from the Tokyo University of Science.
As distributed energy resources such as residential solar rooftop increase in the next decade, its use for virtual power plants could save US utilities up to US$35 billion, according to a study from consultancy The Brattle Group.
US residential solar installer Sunnova posted an improved adjusted EBITDA of US$14.6 million in the first quarter of 2023, while it is expecting a year-on-year increase of up to 114% in its adjusted EBITDA this year.
US residential solar installer Sunnova has secured a conditional commitment from the US Department of Energy which will offer up to US$3 billion in a partial loan guarantee.
