Vertical solar panels are proving to be a more efficient energy source than traditional panels, especially in northern regions with harsh winters. Ullevaal Stadium in Oslo, Norway, has become a pioneer in this technology, boasting the world’s largest vertical solar panel installation on a roof. These panels, developed by Norwegian startup Over Easy Solar, offer several advantages, including increased energy yield, ease of installation, and compatibility with various urban environments.
Runergy, a leading international solar technology company, has commenced production at its new solar module manufacturing facility in Huntsville, Alabama. The facility marks a significant step in Runergy’s expansion into the North American market and is poised to become a leading solar manufacturing hub in the United States.
SolarBank Corporation announced a significant 217% increase in revenue for the fiscal year ended June 30, 2024, reaching $58.4 million compared to $18.4 million in the previous year. The company attributes this growth to expanding its Independent Power Producer (IPP) portfolio through acquisitions and ongoing project development. Despite a net loss for the year, SolarBank highlights several non-recurring expenses and an impairment loss as contributing factors, emphasizing the positive trajectory of its core business.
Sineng Electric, a global leader in solar and energy storage solutions, has shipped its first Power Conversion Systems (PCS) to the United States for a 140.8MW/140.8MWh energy storage project in Texas. This milestone signifies Sineng’s commitment to expanding its presence in the North American market and contributing to the energy transition.
Elon Musk, the visionary tech entrepreneur, has once again championed the potential of solar energy, citing the Kardashev Scale and simple math to support his claims. He argues that a small portion of Texas or New Mexico could easily power the entire United States with solar energy. Musk also highlights the immense potential of solar power, given the amount of energy the Earth receives from the sun, and emphasizes the efficiency of his own Starlink satellite network, which runs entirely on solar and battery power.
Truist Securities analyst Jordan Levy has initiated coverage on First Solar, Inc. (FSLR) with a ‘Buy’ rating and a price target of $300. Levy highlights First Solar’s competitive edge in the utility-scale solar market, driven by its innovative technology, ongoing R&D investments, and strong contracted backlog. He expects First Solar’s modules to become even more competitive with ongoing technology enhancements and forecasts $640 million in aggregate R&D spend from 2024 to 2026.
At WindEnergy Hamburg, CRRC showcases its integrated wind, solar, and hydrogen energy solutions, demonstrating how renewable energy can be efficiently harnessed and stored to support a sustainable future. With a comprehensive portfolio and global presence, CRRC is accelerating the transition towards carbon neutrality and peaking emissions.
Sprocket Power has installed state-of-the-art microgrids at three Westchester County auto dealerships, showcasing a new model for energy efficiency, resilience, and sustainability in the automotive industry. These microgrids, powered by solar energy and battery storage, not only reduce carbon footprints and costs but also ensure operational reliability during power outages.
Everlight Solar has been awarded its 19th Comparably Award, this time for Best Work-Life Balance in 2024. This recognition reflects the company’s commitment to providing employees with flexibility, support, and a healthy balance between their work and personal lives.
Everlight Solar, a leading solar energy company in the Midwest, has been recognized by Comparably for its exceptional commitment to employee work-life balance. This prestigious award, based on employee feedback, underscores the company’s dedication to creating a supportive and flexible work environment where employees can thrive both professionally and personally.
