Greenlots

Tesla | February 17, 2020

Tesla is working on technology for “a scalable hierarchical energy distribution grid” that could revolutionize how the electrical grid distributes solar power. To date, Tesla’s energy division, Tesla Energy, mostly involved deploying distributed solar power and energy storage assets. But last year, CEO Elon Musk said that “Tesla Energy is becoming a distributed global utility and could outgrow the automotive business“: Tesla Energy is going to be a major part of Tesla’s activity in the future. A...

Solar+Storage

Solar FlexRack | August 03, 2021

Solar FlexRack™, a division of Northern States Metals and an innovative leader in photovoltaic (PV) mounting and solar tracker solutions, announced that it has supplied its solar trackers and mounting technology to Swinerton Renewable Energy (SRE), named the top U.S. EPC, for a total of 80 MW of distributed generation solar projects. Located in Connecticut, California and Illinois, SRE's latest 30 MW of projects will utilize Solar FlexRack's TDP 1.0 and TDP 2.0 Solar Trackers in el...

Energy, Industry Updates

BorgWarner | August 04, 2022

Headquartered in San Diego, California, Rhombus offers V2G and Underwriters Laboratory-certified charging. Rhombus supplies its patented technology to EV OEMs, including Proterra, and charging and grid service providers. The transaction has an enterprise value of up to $185 million, which is being funded primarily with cash balances. Approximately $130 million was delivered at closing and up to $55 million could be paid in the form of contingent payments over the next 3 years.
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Solar+Storage

American Electric Power | May 03, 2021

AEP Energy, a subsidiary of American Electric Power (Nasdaq: AEP) and one of the largest electric energy wholesale and retail suppliers in the U.S., and Global Energy Generation LLC (Doral LLC), a leading developer of renewable energy projects, primarily in the Midwest and Mid-Atlantic regions, announced today that they have signed a long-term renewable energy purchase agreement for the Mammoth Solar project in Indiana. Mammoth Solar 1, a 480 megawatt direct current (MWdc) solar e...