Texas-based solar power contractor Freedom Solar LLC announced that Freedom Solar Financial Services LLC, the first solar financial vehicle of its kind in Texas, has raised an initial round of $7.5 million in funding to finance commercial solar projects.
The U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) and Clean Energy Group (CEG) have released the first comprehensive public analysis detailing the potential size of the commercial behind-the-meter battery storage market in the United States. NREL analyzed over 10,000 utility tariffs in 48 states, finding that more than five million of the 18 million commercial customers across the country may be able to cost-effectively reduce their utility bills with battery storage technologies.
Sofos Jamaica, a subsidiary of the Spanish multinational group Sofos Energy with offices in Kingston, announced the completion of several photovoltaic systems for the utility company Grenlec in different locations of the Caribbean island in Grenada, reaching a total capacity of 1 MW.
Solarcentury, one of the longest-standing solar companies in the world, and Hybrytec, a Colombian company leading the local solar energy market, have joined forces to develop and install the largest roof photovoltaic (PV) solar system in Colombia.
On Earth Day, SolarCity announced that it has activated a fund including an investment from Credit Suisse that is expected to finance more than $1 billion in commercial solar energy systems, including battery storage systems, for businesses, schools and government organizations across the U.S.
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