ITC. Important Action. Let’s go! The solar industry needs you to click this link, RIGHT NOW! There is real traction to drive the ITC extension into a tax package which even exists as a stand alone bill right now. Congress wants to know that the industry stands with SEIA and other advocates saying that this is important. Especially for residential installers, you have to take 30 seconds and sign your company on to this letter. If you have questions about this, please hit reply and shoot me a note. Otherwise, sign on now and send it out on your twitter/facebook/linkedin accounts. We need as many solar companies to sign on as we can.
Inverter Consolidation Continues. ABB is out of the inverter business based on a company announcement early yesterday. This is going to cause the company to write down over $400million dollars and take one more technology company off the market. Power-One, which was bought by ABB, was one of the first string level inverters that went after the larger scale market in Europe and had some traction in the US. Solaredge and Enphase have caused the market to turn upside down with module level electronics. Both of those companies may be looking for some of the ABB talent now to double down on their growth plans.
Institutionalizing C&I. Sol Systems and Capital Dynamics are partnering on distributed asset investments. A market that has long been considered too fragmented and hard to portfolio is getting real infra capital. I’m a big fan of both companies and see a strong future for them. Now go faster!
- Bloomberg: Big Buyer of U.S. Solar Farms Bets on Smaller Installations
- PV-Tech: ABB’s retreat from solar inverters to cost firm US$470m
- Greentech Media: Stem Steps Into Grid-Scale Storage With Partnership in Massachusetts
- Axios: Bernie Sanders and AOC mull a “climate emergency”
- Renewable Energy World: EON switches all U.K. customers to 100% renewable power
- GreenBiz: 10 questions for Shell’s New Energies VP
- Utility Dive: Solar + wind + storage developers ‘gearing up’ as hybrid projects edge to market
Opinion
Have a great day!
Yann