Tag: solar
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Tesla Scores Another Profitable Quarter With Stable Margins and Improved Cash Position
Tesla CEO Elon Musk just contributed the quarterly earnings forecast in a”pivotal year” with continuing gains, steady margins, improved cash-on-hand and an optimistic prognosis for 2019. Musk called it the”most successful year in Tesla history” using the firm asserting an”80 percent market share of all electric vehicles in the U.S.” He expects Tesla's”nutty” development rate…
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Cypress Creek Issues Layoffs in Pivot to Growth Markets
Picture Credit: Cypress Creek Cypress Creek Renewables, a top U.S. utility-scale solar developer, has issued a round of earners affecting roughly 20% of its workforce, according to sources knowledgeable about the issue. The company said the discounts come amid an effort to refocus on its competitive markets. Jobs cuts began to take effect Friday. LinkedIn…
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RGS Energy Revives Dow’s Solar Roof, Claiming Better Efficiency and Lower Costs
Image Credit: RGS Energy A new seller says it has fixed key problems that plagued the infamously hard solar roof enterprise. RGS Energy, an old-school stand and panel firm that set up its original rooftop solar panels at 1978, entered the solar roof market from licensing the Powerhouse new from Dow Chemical, which ceased manufacturing…
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Tesla Cuts Workforce Again, This Time by 7%
Tesla CEO Elon Musk delivered employees a bad-news email on Friday, declaring a team cut of “approximately 7 percent. ” The layoff follows a 9 percent cut last June, amid a wider restructuring effort. The most recent reorganization information was buried in an email where Musk discussed the “voraciously aggressive ” industry where Tesla is trying…
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AES Completes Record-Breaking Solar and Battery Plant on Kauai
Picture Credit: AES Corporation AES Corporation established the planet ’s largest battery plant paired with solar generation Tuesday, on the Hawaiian island of Kauai. This kind of power plant produces cheap, clean energy and also uses batteries to provide power when it is most precious, instead of just as soon as the sunlight shines. That’therefore…
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Tesla’s Quarterly Production Numbers Cap an Awesome, Amazing, Horrible 2018
Image Credit: Shutterstock When it comes to notions of Tesla and Elon Musk on Twitter and from the real world, there’s not a great deal of middle earth. Musk is a once-in-a-generation genius that has bested the automobile industry and will help humankind escape fossil fuels and then slip the bonds of our planet (at…
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SolarEdge Adds EV Tech to Its Portfolio With Majority Stake in Italy’s SMRE
SolarEdge has just taken another step to extend beyond its core solar power business into other grid border technologies — specifically, the electric vehicle space. On Monday, the Israel-based company declared intends to acquire a majority stake in SMRE, an Italian EV drivetrain, charging and telemetry technology supplier. Under the terms of the price, SolarEdge will…
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10 Predictions for Rooftop Solar and Storage in 2019
Together with the solar sector chaos of 2018 behind us, lots of us are looking toward more predictable growth from 2019…at least before the Investment Tax Credit goes to zero for home and 10% for commercial on December 31, 2021. Then we’re about the solar coaster, therefore it’s unwise to be educated about a rosy…
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Sunrun Beats Out Tesla’s SolarCity on Residential Installations
New analysis shows that Sunrun’s direct company now leads in residential solar installations. According to data out of Wood Mackenzie Power & Renewables, Sunrun’s year-to-date installations through its vertically integrated station — in which the business manages funding, sales, marketing and installations — narrowly overtook Tesla-owned SolarCity installations through Q3 2018. Even though Sunrun’s direct…
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Enbala to Enable World’s Biggest Residential Solar-Plus-Storage Virtual Power Plant
Picture Credit: Shutterstock Enbala, the Denver, Colo.-based startup using applications that runs virtual power plants around North America, has landed a contract to manage the planet ’s biggest aggregation of home solar and behind-the-meter batteries together with Australian usefulness AGL. On Monday, Enbala declared it will provide the “cloud-based control and optimization platform” for AGL’s…