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SMA Solar Profits From The Sun, Order Book At €2 billion On September 30

German Solar Inverter Major SMA Solar is riding the solar wave well, with sales at record highs. For the quarter ended September 2023, the firm reported a strong financials for all business segments in 9M/2023 with close to 85% YoY increase in consolidated sales. PV Inverter sales during the year crossed 12.89 GW of PV inverter […]

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Battery Management Firm Element Energy Raises $111 Million

US battery management firm Element Energy, a Menlo Park-based Battery Management Technology company founded in 2019, has announced the close of $111 million in capital comprised of a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital Partners, L.P. The Series B round is co-led by one of […]

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Berkeley, DOE Produce Database To Map Solar PV Facilities

Berkeley Lab and USGS (U.S. Geological Survey) in collaboration with the U.S. Department of Energy’s (DOE) produced a publicly available database. The detailed Large-Scale Solar Photovoltaic Database (USPVDB) aims to map ground-mounted photovoltaic (PV) facilities with capacity of 1 megawatt. This come alongside US’s DOE (Department of Energy) data, that released an online dataset of […]

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Sri Lanka Releases Tender for 70 MW Solar Projects

Sri Lanka-government owned Ceylon Electricity Board (CEB) has issued a tender for the development of ground-mount solar projects for a cumulative capacity of 70 MW. The projects under the Sri Lanka tender will range from a capacity of 1 MW to 5 MW. The last date for the submission of Sri Lanka tender for 70 […]

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Swift Current’s 197 MW Castle Gap Wind Project Set Into Motion

Swift Current has announced that it has kickstarted operations of its 197 MW Castle Gap Wind Project established in Central Texas. The project supplies power to retail giant, Target Corporation. Swift Current and Target Corporation have forged a partnership by way of a virtual power purchase agreement. Presently, the wind project is generating enough energy […]

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Top 5 Reasons Why Solid State Batteries Are Just Around The Corner

Electric Vehicles (EVs) across the world are now seeing wider adoption. A 2023 report from the International Energy Institute (IEA) states that in 2022 alone, the world saw sales of around 10 million electric cars. The advent of Lithium-ion batteries gave a fillip to the industry with its energy density and recharging virtues. However, even […]

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Hithium & Perfect Power Join Forces for 1 GWh Energy Storage

Manufacturer of stationary energy storage products for large-scale energy project developers as well and commercial and industrial sector, Hithium has forged a partnership with energy storage project developer Perfect Power LLC. The agreement was signed at Hithium’s headoffice located in China. The agreement will pave the way for Hithium to supply battery products of 1 […]

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Canadian Solar Sets Sights on 5 GW Wafer Unit in Thailand

Solar manufacturer Canadian Solar is set to introduce a 5 GW solar wafer production unit in Chonburi, Thailand. The manufacturing facility, which will boast N-type wafer, will be operational by next year in March. In 2024, it will supply to the TOPCon cell manufacturing unit in Thailand. Later, by year 2025, the wafers will be […]

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InterGlobe, Archer Partner To Launch All-Electric Air Taxi Service in India

Indian travel and hospitality conglomerate InterGlobe Enterprises and Archer Aviation have announced entering into a memorandum of understanding (MOU) to launch and operate an all-electric air taxi in India. Archer Aviation deals with electric vertical takeoff and landing (eVTOL) aircraft. The firm said that Archer’s midnight aircraft is a piloted, four-passenger electric vertical takeoff and landing […]

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