Textron Systems

Industry Updates

businesswire | April 25, 2023

Heliogen, Inc. a leading provider of AI-enabled concentrating solar energy technology, announced that its Board of Directors (the “Board”) rejected the unsolicited, non-binding proposal it received on April 13th from Continuum Renewables, Inc. (“CRI”) to acquire all of the outstanding shares of common stock of Heliogen for cash consideration of $0.40 per share. After careful consideration and consultation with legal and financial advisors, the Board concl...

Industry Updates

Azelio | January 25, 2021

Azelio and Svea Solar have signed a MoU to create projects utilizing Azelio's long-span energy stockpiling, TES.POD®, coupled to PV frameworks. The joint effort will range over at any rate 3 ventures in 2021, 5 tasks in 2022, and 10 activities in 2023. A sum of 8 MW of introduced force and in excess of 100 MWh in comparable stockpiling limit. Svea Solar is Sweden's biggest solar PV installer. On the side of extending its business contributions into the energy stockpili...

Energy Storage news | April 02, 2020

Technology provider Sinexcel has announced the successful commissioning of a 72MWh pair of lithium iron phosphate (LFP) battery energy storage projects in Illinois and West Virginia in the US, to deliver frequency regulation services to the PJM Interconnection service area. Fremont, California-headquartered Energport acted as system integrator and China-headquartered Sinexcel provided containerised systems for two sites of 36MW / 36MWh. Each site comprises 36 x 40ft containers, each with 2MW / 2...

Solar+Storage

Robbins Geller Rudman & Dowd LLP | February 21, 2022

The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of SunPower Corporation securities between August 3, 2021 and January 20, 2022, inclusive have until April 18, 2022 to seek appointment as lead plaintiff in Jaszczyszyn v. SunPower Corporation, No. 22-cv-00956. Commenced on February 16, 2022, the SunPower class action lawsuit charges SunPower and certain of its top executives with violations of the Securities Exchange Act of 1934. Case Allegatio...