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Navitas Semiconductor to Begin Trading on Nasdaq on Oct 20
California-based solar tools vendor Navitas Semiconductor has announced the completion of its business mix with Live Oak Acquisition Corp. II. Live Oak II investors extremely authorized the deal on October 12, 2021 with over 98% authorization rating. Gallium nitride (GaN) is a next-generation semiconductor innovation that is stated to run up to 20x faster than heritage silicon, and enables approximately 3x more power as well as 3x faster butting in half the size as well as weight. Navitas' GaNFast ™ power ICs integrate GaN power as well as drive plus defense as well as control to supply simple, little, rapid and also effective efficiency, claimed the company. GaNFast power ICs are integrated in over 130 mobile battery chargers, which is more than all other GaN companies combined, and also consists of fast chargers from Xiaomi, LG, Dell, Amazon, Oppo, Anker, Belkin and also dozens of other significant OEMs. With over 130 licenses issued or pending, as well as substantial trade secrets including a proprietary procedure layout package (PDK), Navitas believes it has a multi-year lead in next-generation GaN power ICs, stated the business. Navitas' usual shares and also warrants will begin trading on Wednesday, October 20, 2021 on the Nasdaq Global Market under the ticker symbols "NVTS" and "NVTSW". Gene Sheridan, Navitas CEO and founder will sound the opening bell at the Nasdaq MarketSite on the exact same day, as well as review the company's mission to become the next-generation power semiconductor leader. The deal's pipeline, originally oversubscribed and also upsized at $145mm on May 7, 2021, had actually risen to $173mm at closing, with all investments at the original terms. Additional funding from Live Oak II's cash-in-trust, net of redemptions, increased the gross profits raised in the purchase to greater than $320mm. Navitas anticipates the additional resources will accelerate item advancement and also growth from an industry-leading placement in GaN mobile quick chargers into consumer, business, solar and also EV markets, as well as offer funds for non-organic development. " From start-up to public business in simply 7 years, our objective at Navitas is to end up being the next-generation power semiconductor leader & amaze our world," said Gene Sheridan, chief executive officer and also founder. "We are at the correct time, with the right innovation and also absolutely the appropriate team to increase the globe's change from fossil fuels to clean, electrical energy. Let's Go GaNFast!" Deutsche Bank Securities and also Jefferies are functioning as co-financial consultants to Navitas.
Oct 20, 2021 // Markets & Finance News, USA, North America, Gallium nitride, GaN, GaNFast™ power ICs, Gene Sheridan, Live Oak Acquisition Corp. II, Navitas Semiconductor
Enphase states grid-forming IQ8 microinverter will begin delivering in December
microinverter is Enphase's most powerful microinverter to day as well as has a California Energy Commission (CEC) performance of 97%. The numerous kinds of IQ8 enable
Oct 25, 2021 // Inverters, USA, Enphase Energy, North America, Badri Kothandaraman
First Solar to double US production capacity with new 3.3 GW Ohio plant
Solar ship 5.5 GW of its modules, which were created at its Ohio and also California research and development (R&D) centres as well as feature a layer of
Jun 9, 2021 // Manufacturing News, USA, First Solar, Mark Widmar, North America, first solar inc, Ohio, capacity expansion announcements, cdte thin film modules
Enphase IQ8 microinverters currently delivering in the U.S.
is Enphase's most effective microinverter to date as well as has a California Energy Commission (CEC) performance of 97%. The multiple kinds of IQ8 enable
Dec 28, 2021 // Inverters, USA, Enphase Energy, North America, Badri Kothandaraman, IQ8 microinverter
Solar Power Will Make Up Virtually Half Of New U.S. Electric Generating Capacity In 2022
be in Texas (6.1 GW, or 28% of the national total amount), complied with by California (4.0 GW). Natural gas. In 2022, we anticipate 9.6 GW of new all-natural
Jan 11, 2022 // Markets & Finance News, USA, Solar, Battery Storage, North America, nuclear, wind, gas
Canada's e-Zinc elevates $25 M to advancement long-duration energy storage
in remote or off-grid applications. For example, e-Zinc is partnering with the California Energy Commission to show how e-Zinc's battery can power organizations with
Apr 12, 2022 // Markets & Finance News, e-Zinc, BDC Capital, energy storage solution, Anzu Partners, Canadian Pension Fund, Eni Next, Series A financing, Toyota Ventures
Tesla rallies Powerwall proprietors to demonstrate how they can help Texas grid
The company ran a similar virtual power plant (VPP) project last summer in California. In the Texas demonstration, Tesla plans to verify to ERCOT that a Powerwall
Jun 1, 2022 // Storage, USA, TESLA, North America, powerwall
NREL perovskite experiment discloses improved stability, scientists declare 30%+ performance is feasible
for building a pilot manufacturing center in its headquarters of San Jose, California. And also, earlier this month, Perovskite-based PV supplier Saule
Jun 16, 2022 // Technology, USA, NREL, perovskite, North America, doe, perovskite cells
BayWa enlisted for solar-plus-storage-plus-hydrogen project in France
system in Texas it just recently offered to Eni New Energy, one in California for which it authorized a PPA with an offtaker lately, and also 2 in the UK it
Aug 26, 2022 // Plants, Large-Scale, Commercial, Storage, France, Europe, solar-plus-storage, baywa r.e., green hydrogen, renewables integration
Spain's PV Hardware to Establish Solar Tracker Facility in USA
solar tracker-maker has been operating in the United States from California given that 2011 and also it has provided more than 2.5 GW in 36 solar PV
Sep 12, 2022 // Manufacturing News, clean energy, USA, PVH, North America, PV Hardware, Solar Tracker, Inflation Reduction Act
Spain's Enfinity Global to Acquire 400 MW Solar Projects in United States
power portfolio consists of 28 functional solar PV nuclear power plant in California, North Carolina and also Idaho. The portfolio got to COD within the last 5
Sep 27, 2022 // Plants, Capital Dynamics, Power Purchase Agreements, PPAs, PV Power Plant, Enfinity Global, Carlos Domenech, Ricardo Diaz
New York leads coalition of 22 US states in lawsuit against Trump’s energy plan
rule.    States involved in the lawsuit include New York, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland,
Aug 16, 2019 // Solar, USA, New York, Trump, lawsuit, Affordable Clean Energy, Environmental Protection Agency, Letitia James, Clean Power Plan
Biden-Sanders task force calls for 500m photovoltaic panels in 5 years
shield Americans' lives as well as futures. From Houston, Texas, to Paradise, California; from San Juan, Puerto Rico, to Davenport, Iowa, the last 4 years have
Jul 13, 2020 // Residential, Markets & Finance News, Market Research, USA, North America
Altus Purchases 220 MW Solar Portfolio from RE Equity Firm TGC in United States
are nearing building conclusion. The majority of the portfolio is located in California, New York City, New Jersey, as well as Massachusetts. TGC stated that the
Jan 6, 2023 // Markets & Finance News, Altus Power, TGC, True Green Capital Management, Chris Kirkman, Gregg Felton, Panos Ninios, True Green Capital Fund III
EnerVenue to build 1-GWh manufacturing facility for metal-hydrogen battery systems in Kentucky
nationwide footprint. The firm lately expanded its procedures in Fremont, California, as well as secured long-term materials as well as equipment supply agreements
Mar 29, 2023 // Manufacturing News, Storage, USA, North America, EnerVenue