US residential solar installer Sunnova continues to reduce its net loss in the first quarter of 2022, despite increasing its revenue due to a higher demand of additional energy services.
Virginia Governor Glenn Youngkin signed a bill into law that will create a tax exemption for residential and mixed-use solar energy systems of up to 25kW.
US residential solar installer SunPower launched an upgraded version of its battery storage system, dubbed SunVault, claiming it can now provide whole-home backup in the event of power failure.
Investment firm Altor Fund V has acquired a significant minority stake in residential solar company Svea Solar with a major investment aimed at accelerating the installer's expansion in Europe's residential rooftop market.
The drive to electrify Sub-Saharan Africa will require US$350 billion of investment and could reveal an alternative vision for the energy transition that focuses on a decentralised, bottom-up solar-and-storage rich grid that takes advantage of cheap solar power, according to research firm Wood Mackenzie.
Canadian Solar has started mass production of a new solar module designed for residential and commercial and industrial (C&I) rooftop applications with a maximum output of 420W.
Spanish oil and gas major Repsol and telecommunications firm Telefonica have formed a joint venture (JV) to provide solar installs and energy services across different target markets in Spain.
Falling PV prices and expanded financing options have contributed to a rise in rooftop solar deployment among lower-income households in the US in recent years, a new report from Lawrence Berkeley National Laboratory (Berkeley Lab) has said.
Clean energy marketplace and technology services platform Palmetto has raised US$375 million to support its business expansion as it looks to drive uptake of rooftop solar and expand to offer new products.
unnova continued to reduce net losses in the closing quarter of 2021 despite interconnection delays in late December, helping reduce the company’s net loss year-on-year.
