Midweek Recap. The SolarWakeup Buyer’s Group is launched and we doubled in size yesterday alone. You too can join the group and save. More info here as well as online portal for easy registration.
Uber For Solar. Palmetto closed their series b with $29 million in new venture money. I talked with their CEO and President just a few months ago (here). The software company enables more residential solar to be built and helps those that want to get into the industry.
Ideology Meets Reality. Biden wants 100% by 2035 and some are getting stuck on the definition of 100%. I want to hear how we get to 100% even if it means 80% and how it would happen politically. What rules have to be changed and what markets open up for this industry to create opportunities for jobs and growth?
PG&E Has No Shame. PG&E, freshly out of bankruptcy and still a convicted felon, is offering incentives for energy storage installations. Except that the program, SGIP, is legislative and CALSSA, solar advocates and partners were the driving force to get the bill passed in spite and not because of PG&E. They may administer some of the funds but today is a good day to remember your need to renew or increase your funding for CALSSA.
Seeing Green. Solar stocks are hot, no denying that. It’s also great to see that solar pros that took a bet on their companies by getting paid in shares, options and stock grants are seeing a real return for their hard work. We have genuine 8 figure value creation in this industry now. Enphase reported yesterday, positive results but down for the quarter as expected with a positive guide for Q3 as well as being sold out of their energy storage system for Q3. SunPower and Vivint Solar report today after the market closes.
Not So Green. BP cut its dividend in half, that won’t be good for the investors that trust on that quarterly payment.
- PV-Magazine: Palmetto lands $29 million for residential solar software and home energy spend
- Axios: Biden’s 100% carbon-free hurdle
- Solar Power World: PG&E to provide financial assistance to Californians installing residential batteries
- GreenBiz: Electric truck fleets will need a lot of power, but utilities aren’t planning for it
- UtilityDive: PSEG to sell almost 7 GW of fossil fuel generation, retain nuclear plants
- Bloomberg: Clean-Tech Stocks Finally Have Enough Muscle to Buck a Downturn
- Reuters: BP halves dividend after record loss, speeds up reinvention
- Energy News Network: How Connecticut’s cautious first step on shared solar turned into a false start
- PV-Tech: American Electric Power subsidiary seeks solar output in PJM area
- Los Angeles Times: California sued over climate change policy — by the nation’s biggest gas utility
Opinion
Best, Yann
The post This is your SolarWakeup for August 5th, 2020 appeared first on SolarWakeup.com.
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