Hello sun seekers, today I’m here to shed some light on some exciting solar industry updates. Ranging from solar companies reviving operations, to technological advancements, the world of solar energy has some bright news to share.
First up, Suniva is buckling up to reinitiate their solar cell factory based in Georgia. Known for its production of high-efficiency monocrystalline silicon solar cells, this solar company is setting the stage for increased production. It like the phoenix rising, Suniva is coming back stronger, thanks to their ties with Germany’s Centrotherm.
The world of solar energy isn’t just about producing energy, but also about intelligent energy consumption. And this takes us to our next topic – blending residential heat pumps with PV and battery storage. Breakthrough research from Germany’s Fraunhofer Institute for Solar Energy Systems suggests introducing rooftop solar arrays for home use, in concert with battery storage and heat pumps. This method reflects a two-pronged approach – improving heat pump proficiency whilst trimming down reliance on grid electricity. So, when you’re thinking about solar panels for your home, remember that combination is key.
Let’s also pour spotlight on another solar-related breakthrough. Lithos technology introduces a shift in the lithium extraction process, and here’s the catch: it uses less water! They’ve recently applied for a $30 million DOE grant that would help increase their prowess in sustainably producing lithium hydroxide.
In addition, Crux is in the news for attracting funds, aimed at building a market for transferable clean energy tax credits. The secured $18.2 million will bolster Crux’s team, helping it to scale up the annual transferable credit volume into billions.
Moving on, it’s time to look at improving solar tracker technology. Nextracker, a solar tracker and software provider, has ambitiously amplified its 2024 earnings guidance, following an increase of 20% in the share price, post the earnings report.
Lastly, don’t miss out on Vesper Energy’s recent accomplishment. By securing a whopping $590 million, they’ve financed a massive Texas based solar project. Estimated to generate enough electricity for a demand equivalent to 160,000 homes, this project is truly tapping into the solar bounty.
These updates fortify my belief that solar companies are striving towards contributing to a sustainable world while also persistently innovating for greater efficiency. So, when considering solar panels for your home or exploring options for a residential solar array for home, keep these evolving developments in mind. The solar industry is not just about absorbing sunlight, but also about radiating innovative and sustainable solutions that could change the world as we know it. Stay tuned for more solar news the next time sun rises.
Original Article: https://pv-magazine-usa.com/2024/02/02/sunrise-brief-suniva-to-restart-idled-solar-cell-factory-in-georgia/
