Some SVB Thoughts. For the past week, the ups and downs of the SVB coaster have been in the background of the headlines that stated the obvious, solar/storage/renewables is booming. Here’s what I would say, since this is not the platform to get into the theories on what caused SVB to fail, to those that haven’t yet experienced the ups and downs of the solar market. If you ever try to bring an investor through the door for your project, you’ll find that one firm trashes your ideas while another loves it and funds it. Keep calm, carry on, and find your aligned partner. Next week we’ll talk about the capital finding homes in storage, or those trying to turn storage models into solar models.
For Real This Time. LAST DAY March Madness Bracket. Games kick off today at noon. There is no cost to enter and you can know as much about NCAA as me to make your picks, i.e. no knowledge required. Login to your ESPN account or click here and find the SolarWakeup group. The winner gets to write this column about the topic of your choice. Feel free to forward this to your colleagues and friends in the industry as well. (If you want proper shout outs while leading, make sure to pick a name that identifies you)
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- Reuters: Texas solar boom turns to battery dash as grid pain looms
- Bloomberg: The Commodities Billionaire Betting on Power Lines for the Energy Transition
- Automotive World: Connected Energy’s second life storage systems complete one of the UK’s largest EV fleet charging
- Utility Dive: NERC issues alert, recommendations to solar resources following inverter-based grid disturbances
- PV-Tech: Leeward Renewable Energy secures US$180 million financing for solar project in Texas
- Energy Storage News: US installed almost as much battery storage in 2022 as previous two years combined
Opinion
Best, Yann