Author: solarenergy
Chinese inverter manufacturer Sungrow shipped 130 GW of inverters last year, making a profit of $1.3 billion. April 29, 2024 Vincent Shaw Chinese inverter and battery maker Sungrow reported annual revenue of approximately $10.18 billion for 2023, a significant increase of 79.47% from the previous year. Net profit attributable to shareholders of listed companies was $1.33 billion, up 162.69% year-on-year.Sungrow attributed the profit margin growth to factors such as growing brand premium, product innovation, scale effects and reductions in freight costs and foreign exchange gains.Sungrow’s main activities produce PV inverters, energy storage systems and investment and development in new energy.…
Octopus Energy offers ‘UK-first’ referral program for solar energy and heat pumps. Image: Libra energy Octopus Energy has announced the launch of its solar and heat pump referral scheme, offering £100 in incentives. This initiative, driven by the aim of decarbonising UK households, will enable anyone who receives a heat pump or solar system installation from Octopus to refer friends and family for their own low carbon technology installation. Those who refer will receive £100, while those who have the technology installed will receive £100 off the fitting. Octopus Energy retail customers can get a £100 credit on their account,…
By Contributing Author April 9, 2024 By Emily Obenauer | Site trackerThomas Edisons pioneering generating plant – the granddaddy of all power plants – today would be considered a distributed energy source. After all, it only served one borough in New York City when it caught fire in 1882.Today, DERs and advanced energy systems are proliferating, with distributed solar energy playing a role about half of it of the expected capital expenditure for these systems in the coming years. That doesn’t apply to utility-scale solar, according to analysts at Morgan Stanley to expect will increase by around 42 GW per…
(Credit: Daniel Aufgang) Tanning bed has collaborated with TriMac Engineering to develop 10 MW of community solar in Enon, Nova Scotia, as well as projects in Sydney, Halifax and Annapolis, Nova Scotia with a capacity of 7 MW each. The projects, owned by the AI Renewable Fund, are being developed under a community solar program announced by the Nova Scotia government last month. TriMac and SolarBank are expected to apply for a community solar program contract from the province in July. If approved, construction will start next year. New gardens under the Community Solar Program…
Carbon credit trading marketThe latest research released by AMA Research on the global ‘Carbon Credit Trading’ market evaluates the market size, trend and forecast to 2030. The ‘Carbon Credit Trading’ market research covers key research data and proves to be a useful tool for managers. analysts, industry experts and other key figures get access to ready-made and self-analytical research to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.Get free access to the sample report in PDF version along with graphs and figures @ https://www.advancemarketanalytics.com/sample-report/188208-global-carbon-credit-trading–market?utm_source=OpenPR/utm_medium=Rahul Some of the key players profiled in the study include:Newterra…
Smart panel maker Lumin has announced that the Lumin Smart Panel now integrates with the Tesla Powerwall family of home batteries to read and respond to charge status. This includes Powerwall+, Powerwall 2 and Powerwall 3 batteries. Lumin products have always been compatible with all batteries, inverters and charging centers, including Powerwall. This latest integration enables intelligent energy optimization based on battery charge status, resulting in longer backup runtime. By monitoring the battery’s state of charge, Lumin automatically offloads less important loads as the battery discharges, based on the homeowner’s priorities. For the integration, homeowners must have the latest version…
On April 11, the U.S. Bureau of Land Management (BLM) published final rules for leasing and rental rates for renewable energy projects on public lands. The final rules closely follow recommendations from the Solar Energy Industries Association (SEIA) to streamline clean energy development on federal lands. The new rules will: Reduce rents and fees for renewable energy projects until 2035 and eliminate double payments for renewable energy developers; Extend lease terms for sustainable projects to 50 years; Eliminate competitive leasing requirements in priority development areas; And Make it easier to develop standalone energy storage projects on public lands. Below is…
Anker SOLIX has announced the commercial launch of the Anker SOLIX X1 Home Energy Storage System across North America. The X1 home backup power system using LFP chemistry features a stackable and compact modular battery design, wide temperature range performance and an innovative energy optimizer. This combination aims to redefine residential backup power, offering significant cost savings and increased energy independence. The Anker SOLIX X1 is available to order by contacting the sales team. “Soaring energy bills, power outages and the shift toward eco-friendly living are driving more people to residential solar energy backup,” said Shaun Xiong, General Manager of…
Industrial activities of Amphenol has officially announced that solar junction box production has begun in January 2024 at its new factory in Mesa, Arizona. The company spoke exclusively to World of solar energy about the planned solar supply chain factory last October. Amphenol’s Arizona plant houses a dozen production lines, each with a capacity of approximately 100,000 junction boxes per month. The first line is operational and produces approximately 3,000 junction boxes per day. Two more lines are added. (If a 400 W module is used as standard, World of solar energy estimates the facility’s full annual production potential at…
By SB staff April 9, 2024 Ameresco Inc. has completed the installation of a solar energy facility on the roof of Northeastern University’s Boston campus.The installation takes the form of a solar energy system on the roof on top of the university’s monument Snell Library Building. In total, the implemented solar system provides 157.78 kWp DC of power for the university library, which receives more than 2 million visitors per year. The solar system was declared active and online on March 13 after a successful commissioning.As Northeastern University develops environmentally responsible strategies to decarbonize its campus, the Snell Library Rooftop…