Win The Win And +. Not everyone is aware that SEIA is heading into board of directors elections and unfortunately, the current chair, George Hershman, is termed out. After 4 years at the helm alongside Abby Hopper, George helped guide the association through unique times to say the least. Having spent the last year and a half serving as the chair of the energy storage division, I can see how the prioritization of the association has put us in a position to lead on many issues as the issues never really stop. From Covid times to the IRA passage, SEIA has been in the middle of the discussion in and around DC.
Hardware Needs Good Software. Yesterday’s announcement from Apple hits close to my daily business life. The iPhone 15 was getting hot, the kinds that makes it physically unable to be touched. The reason for the iPhone malfunction wasn’t the processor or battery but the software that enables the hardware to do what it was supposed to do. Unlike solar panels, that are activated by sunlight, the entirety of a battery storage system is enabled by the software that runs it. Whether it works, and how well it works, is determined by the operating system specified by the asset owner. So just like Apple, don’t overlook this step in your next storage project.
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/partners or contact capital@palmetto.com for more.
- PV-Magazine: Teeing up the “Solar + Decade”
- CNBC: Apple will issue a software update to address iPhone 15 overheating complaints
- Utility Dive: Climate models underestimate renewables progress, overstate net zero costs: study
- Bloomberg: US Weighing Record $1 Billion Loan for Massive Lithium Mine in Nevada
- Axios: Get ready for winter: The first frost is coming
- Reuters: Europe’s solar industry warns against tariffs on imports
- PV-Tech: US DOE provides US$3.3 billion loan to Sunnova for data collection and analysis
- Canary Media: These 25 utilities are united by one big goal: 80% less CO2 by 2030
- Energy Storage News: Energy storage can make community solar more financially resilient in wake of bank failures
Opinion
Best, Yann