Greensmith, a leading provider of grid-scale energy storage software and integration solutions, announced that it has completed its $12.3 million Series C round of financing. The round was led with a $5 million dollar strategic investment from American Electric Power, one of the largest electric utilities in the United States, serving nearly 5.4 million customers in 11 states. Following Fuels …

New York State Assembly members Kevin Cahill and Barbara Lifton introduced a carbon tax bill into the Assembly this week. The bill would tax carbon emissions with the ultimate goal of reducing carbon dioxide emissions. This is an ambitious effort that starts a discussion at the state level on what a market-based solution to climate change should look like. The …

ReneSola has announced that it has sold its 34.6 MW Port Farms utility scale project in the United Kingdom to Foresight Solar Fund Limited. This represents ReneSola’s second project sale to Foresight Group, a leading, independent infrastructure and private equity investment manager, following the sale of its 6.4 MW Field House project in July 2015 to other funds managed by …

The Public Utilities Commission voted to keep solar net metered customers on existing rates until the Commissioners determine long-term rules by December 31. The Commission’s decision allows Nevadans to go back to work. The solar market shut down last Thursday when NV Energy declared that the previous cap had been hit. Hundreds of solar workers appeared before the Commission during …

The Ross Solar Group has completed two record setting solar installations for Gengras Motor Cars at the dealership group’s Volvo and Chevrolet facilities on Connecticut Blvd., in East Hartford Conn. Comprised of 1,280 high efficiency SunPower E-Series solar panels, the two systems, are the largest single SunPower rooftop solar installations to date in East Hartford. FFP New Hydro LLC has …

Panasonic is currently the runaway leader in the nascent battery market for electric vehicles, but LG Chem has the potential to overtake it in what will be a $30 billion market in 2020, according to Lux Research. Panasonic’s 39% share of the battery market for plug-in vehicles makes it the leading supplier, but its reliance on a single deal with …

Duke Energy has issued a request for proposals (RFP) for about 53 megawatts (AC) of utility-scale solar capacity to be in-service in its South Carolina service areas by the end of 2016. The announcement is another step forward in Duke Energy’s Distributed Energy Resource Program, which was approved by the Public Service Commission on July 15. It marks an important …

Renewable Energy Group (REG) completed its acquisition of substantially all the assets of Imperium Renewables, Inc. REG paid Imperium $15.0 million in cash and issued 1.675 million shares of REG common stock in exchange for substantially all of Imperium’s assets, including the 100-million gallon nameplate biodiesel refinery and terminal at the Port of Grays Harbor, WA. For two years post-closing, …

Solexel, a leading US-based producer of high-performance solar PV technology, has successfully finalised a round of financing that included Riyadh Valley Company, the venture capital investment arm of King Saud University of Saudi Arabia. Through investor introduction services provided by naseba, the investment will be used to help transition Solexel into revenue. Solexel’s innovative high performance, lightweight solar PV panels …

Twenty teams have successfully navigated the first technology gate of the U.S. Department of Energy’s (DOE) Wave Energy Prize to become official qualified teams. The 20 qualified teams, selected from the field of 92 official registered teams announced on July 6, will continue their quest to double the energy captured from ocean waves and win a prize purse totaling more …