Inflation Reduction Act

US solar tracker manufacturer FTC Solar has actually reduced its net losses compared to last quarter and also Q2 2021 however has seen its revenue collapse, condemning a hostile solar market environment in the US that has seen project hold-ups and also cancellations, which it stated it now hoped was pertaining to an end.

Clearway Energy's sale of its thermal organization to investment company KKR throughout Q2 netted profits of US$ 1.29 billion, as well as saw its net income skyrocket from the US$ 32 million it recorded in Q2 2021.

Vistra Energy will certainly have more than 1,213 MW of battery storage in operation in its portfolio by 2026, the US power generation business has claimed.

The Inflation Reduction Act (IRA), that includes US$ 369 billion in energy security and climate modification programmes over the next ten years, passed in the senate on Sunday, leading the way for its motion to the House of Representatives and also succeeding signing by President Joe Biden.

Complying with solid demand in the United States market for residential solar, United States solar installer Sunrun raised its customer enhancements by greater than in Q1 as well as uploaded better-than-expected monetary results, while still making a loss.