It’s The Friday Rundown. We’re heading into the tail end of the year, everyone is doing budgets and ready for the 2024 that 2023 was supposed to give us. Don’t forget to budget your policy spend in time and money!
Upgrades, You Need To Plan For. This hasn’t affected your solar plants but it will affect your battery plants within the first few years of operation and then many times throughout the life. You’ll need to regularly comply with regulatory specifications and upgrade your plant to take advantage of more revenue streams. Read today’s top story to see who’s doing this well and doing it now.
Utility Capital Stockage. Utilities are getting their balance sheets into shape for a massive deployment of capital in the coming years. This is causing some pain in the stock prices but ultimately should be seen as a positive for future investments being made towards the energy transition. Of course, there are trillions in external investments ready to be made for utilities as an offtaker, a path that some utilities without the needed capital will have to take if needed.
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.
- Solar Builder: FlexGen streamlines energy storage site upgrade process to meet regulatory standards
- Utility Dive: Utilities likely to continue selling non-core assets amid $745B in planned spending – Moody’s
- New York Times: In a U.S. First, a Commercial Plant Starts Pulling Carbon From the Air
- Axios: A setback for small nuclear reactors as Idaho plan scrapped
- Reuters: Wind woe opens door for alternative green ideas: podcast
- PV-Tech: ‘Massive increase’ in solar module defects poses ‘significant risk’ to PV industry – CEA
- Renewable Energy World: Electricity markets may need to change to support the clean energy transition
- Canary Media: Mainers reject historic bid to make for-profit utilities publicly owned
Opinion
Best, Yann