USA

A 100-MW solar farm in the United States state of Arizona that will serve community-based not-for-profit power and also water utility Salt River Project (SRP) as well as tech group Meta Platforms Inc (NASDAQ: META) was inaugurated recently, SRP said on Monday.

Since the Inflation Reduction Act became law in August 2020, companies have announced more than 100,000 clean energy jobs in the US, according to an analysis by the nonprofit advocacy group Climate Power. The law provides billions of dollars in tax credits and other incentives to develop green industries.

United States zinc-based batteries supplier Eos Energy Enterprises Inc (NASDAQ: EOSE) last week said it anticipates to report yearly revenues constant with its previous guidance, while additionally making a forecast for 2023, and introducing a new agreement that expands its pipe.

Lumin, a smart circuit company, has now integrated its software with Enphase and SolarEdge energy storage products, allowing participating homeowners to easily personalize and manage circuits and prolong battery runtime. This integration joins Lumin’s other energy-saving products, and is a major step forward in the solar energy industry.

US renewable energy player Pristine Sun Corporation has announced a $250 million capital commitment from strategic private equity and family office investors to develop renewable energy projects. This will allow the firm to develop, finance, and build up to 5 GW of its solar projects.

US technology conglomerate Meta Platforms Inc. (NASDAQ:META) has taken a step towards its goal of sourcing 100% renewable energy for its operations by signing a multi-year contract with energy and commodities trader Vitol. The contract involves the purchase of renewable energy credits and other environmental attributes from Vitol's 50-MW Ocotillo Wells solar project in California.

ComEd as well as Summit Ridge Energy (SRE) have actually introduced the opening of the 75th community solar advancement in ComEd's service territory. The 2.5-MW Speedway Solar project 10 miles southern of Joliet, Illinois, will supply greater than 350 ComEd consumers with accessibility to the benefits of solar power as well as savings on their energy bills.

The customer will purchase the complete output of the 200MW project

Power from the 263MW project has actually been offered to US retailer Target

Vitol and Meta have entered into an agreement to provide renewable energy credits and other environmental attributes from a 50MW solar and storage plant in California. This is part of Vitol's growing corporate offering to enable companies to source renewable energy for their operations.

Solar energy innovation company Nextracker Inc. is seeking to raise as high as $535 million in what could be among the initial major US initial public offerings of the year.

Our Next Energy Inc (ONE), a Michigan-based energy storage technology company, has raised $300 million in a Series B round, valuing the company at $1.2 billion post-money. This capital will fund ONE's first lithium iron phosphate (LFP) battery cell factory, and marks a shift from venture capital-funded start-up to a manufacturer supported by growth capital.

Renewable Properties announced the signing of PPAs for five projects with PG&E that will bring the benefits of clean solar energy to low-income Californians, totaling nearly 30 MW.

El Dorado School District (ESD) School Board as well as faculty members gathered to commemorate the district's freshly built 1.75-MWAC solar array. The project will certainly balance out 88% of the district's power use as well as expenses, saving ESD over $128,000 every year in energy costs.

WEC Energy Group buys 80% interest in the 250-MW Samson I Solar Energy Centre in Texas for $250 million, advancing their sustainable energy portfolio.