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.
Distributed rooftop solar fulfilled 14% of Australia’s energy consumption over this summer, a record level that exceeded all other renewable sources and brown coal generation.
The residential solar industry in the US will be set for a growth spurt in 2023 and beyond as homeowner concerns combine with the blossoming impacts of the Inflation Reduction Act (IRA). So says the first “Solar Industry Snapshot” report from solar PV software provider Aurora Solar.
The number of residential solar and storage systems installed in Germany increased 52% in 2022 compared with the previous year, whilst three quarters of Germans would consider installing rooftop solar.
US clean energy platform Palmetto has raised US$150 million from private equity firm TPG's climate investment arm TPG Rise Climate to increase clean energy adoption and access to residential solar across the US.
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.
