Inflation Reduction Act (IRA) 2022: A Bill To Make US ‘The Clean Energy Leader’ Updated On Tue, Aug 16th, 2022 by Saurenergy On August 7, 2022, the US Senate approved a Bill titled the Inflation Reduction Act (IRA) 2022 after a series of discussions and debates between the Democrats and Republicans. What makes the Bill more interesting is its special focus on climate friendly provisions. Climate action has been a priority ever since President Joe Biden came […] Read more
Leading RE Producer EDF Energy Takes Solar Storage Project Online Updated On Fri, Aug 12th, 2022 by Saurenergy The 457 MW solar “Palen Solar Project” by EDF Renewable Energy, a leading renewable energy producer based out of the UK, has reached full power operation. The solar project is situated on public land in Riverside County that the US Bureau of Land Management (BLM) has determined to be suitable for the development of renewable […] Read more
Energy Solution Provider INNIO To Power Raven SR’s Plant With 100% RE Updated On Fri, Aug 12th, 2022 by Saurenergy Leading energy solutions provider INNIO, in collaboration with Raven SR- a US based company that transforms waste to fuels, has announced plans to use Jenbacher engines of INNIO with a “Ready for H2” option to produce renewable energy. The energy system will power and heat Raven SR’s S- Series hydrogen production facility at a sanitary […] Read more
Terabase Energy Raises Fund From Bill Gates’ Breakthrough Energy Ventures Updated On Fri, Aug 5th, 2022 by Saurenergy Terabase Energy, a US-based start-up, has raised USD $44 million in a Series B investment round led by Bill Gates’ Breakthrough Energy Ventures and venture capital company Prelude Ventures, among others, to accelerate the commercialization of its automated solar park building technology. The increase brings the company’s total funding to US$52 million, up from US$6 […] Read more
Longroad Energy To Invest $500 Million To Expand Renewable Energy Portfolio Updated On Wed, Aug 3rd, 2022 by Saurenergy Longroad Energy Holdings, a renewable energy developer and holding company based in the United States, has announced a $500 million equity investment by MEAG, an asset management arm for entities of Munich Re, to expand its 1.5 GW portfolio of owned assets to 8.5 GW of wind, solar, and storage projects over the next five […] Read more
US Developer Longroad in $500 Million Equity Deal With MEAG Updated On Tue, Aug 2nd, 2022 by Saurenergy US renewable energy developer Longroad Energy Holdings, LLC (“Longroad”) has announced a $500 million equity investment by MEAG, acting as asset management arm for entities of Munich Re, alongside two of the company’s existing investors, the NZ Super Fund and Infratil, a listed entity managed by Morrison & Co. The investment will support Longroad’s strategic shift from […] Read more
First Solar To Supply 2.4 GW Solar Modules To Intersect Power Updated On Mon, Aug 1st, 2022 by Saurenergy US-headquartered First Solar, has announced entering into an agreement to supply 2.4 GW of thin film solar PV modules to Intersect Power. The modules are scheduled to be delivered from 2024 to 2026. According to Intersect Power, the modules will be deployed in its solar, storage, and green hydrogen projects coming online across the USA […] Read more
From $316.05M To $530.2M, Enphase Almost Doubles Revenue in Q2 2022 Updated On Thu, Jul 28th, 2022 by Saurenergy California-based microinverter manufacturer Enphase Energy has announced its consolidated results for the second Quarter ending June 2022. Enphase reported a 42.2% non-GAAP gross margin & $530.2 million in revenue in the second quarter of 2022, while the second quarter of 2021 was $316 million along with a 40.8% non-GAAP gross margin. In Q2 of 2022, Enphase […] Read more
Policy Muddle, Economy Trip Up US Clean Energy Growth In Q2, Says Industry Association Updated On Thu, Jul 28th, 2022 by Saurenergy According to a report from the American Clean Power Association (ACPA), a US body of mostly energy developers, the rate of clean energy deployment slowed substantially in the second quarter. The association’s report blames policy headwinds, economic factors and trade issues for impacting project development and increasing the backlog of new project delays. The report […] Read more
