News & Insights

SunPower Completes Spinoff of Manufacturing Assets to Newly Formed Company Maxeon
7/30/20

A transaction first announced in November 2019, Sunpower has now split into two companies; SunPower as the solar and storage company, and Maxeon Solar Technologies. This deal will allow SunPower to focus on its core business, which is providing residential and commercial solar/storage while Maxeon will continue to produce the high quality panels that Sunpower is known for. The idea is to allow SunPower to focus on its strengths and simplifying their responsibilities. Since the companies founding in 1985, SunPower has survived the ups and downs of the solar industry. This split intends to streamline business and boost future financial outlook for both companies.

Creative Accounting as Duke Energy NC Aims to Revamp Their Grid: Implications for Duke Customers
7/30/20

The first round of hearings regarding Duke's $2.3 Billion plan to upgrade their grid have concluded, revealing their approach to fund such a project. Duke is attempting to use something called "def feral accounting", which makes it possible for the utility "to recover those in a future rate case without listing those costs as expenses on it is quarterly financial reports ... The key is that deferral accounting lets a utility charge its customers for the financing costs for projects, ensuring that the utility does not have to pay the interest on the money it has to borrow to build them." This is nothing new, as one-time, sudden expenditures for utilities such as construction of generation plants are funded. However, in this case, many believe this is an inappropriate use of the funding method. There are a few concerns from major stakeholders, such as ratepayers, commissioners, and regulators.

Black Turbine Blades Reduced Bird Mortality By 72%
7/30/20

Despite the environmental benefits we get from using the wind to generate renewable energy, there was always a somewhat depressing side effect that left environmentalists slightly torn when advocating for wind power. The trade off was that turbines worldwide killed an estimated 300,000 birds per year. The macabre reality is that this is, well, worth it to most people, who point towards the expectation that using turbines saves ecosystems, and thus, not just birds but many animals. However, this blemish on wind-powers otherwise outstanding record got researchers thinking about creative solutions to decrease the mortality rate.

How Much Further Can Solar Advance? Is it Worth it To Wait?
7/30/20

With a dynamic industry such as the energy sector, constant changes in technology, efficiency, and manufacturing dictate how a market responds and plans for the future. It makes sense; why ride a horse and buggy when you can get an automobile? Why use oil lamps when you can use LED bulbs? Many are now asking a similar question: Why go solar now when the future could bring a new generation of more advanced Photovoltaic systems? It's a fair question, especially when you look at the trajectory in solar advancements in recent decades. In 1954, the first silicon solar panel was created, which had an approximate efficiency of 6%. It took until 2010 before the average commercial panel produced at around 12%. Today, panel efficiencies are approximately 17-19%, while many panels are even higher in the low 20%-range. This begs the question (or a host of questions really): how efficient can panels get? How long will they take to get there? How will costs change over this transition? A recent article from BBC tries to provide some clarity in an constantly changing field, and attempts to tackle these hard hitting questions.

BP sells petrochemicals business for $5 Billion
7/30/20

Petroleum Goliath BP, or British Petroleum, recently announced a deal with massive implications towards a transition in sources of energy production and manufacturing. The deal was announced July 27th, a decision that came a year before schedule. CEO Bernard Looney, who had been making some moves in the right direction, takes a bounding step towards environmental responsibility with this change. In his words, "As we work to build a more focused, more integrated BP, we have other opportunities that are more aligned with our future direction ... Today’s agreement is another deliberate step in building a BP that can compete and succeed through the energy transition.”

National Bank CIT moving forward with 108 Mega-Watt solar project
7/30/20

The solar industry is constantly shifting, and at times it can be difficult to get a read on the trajectory. That is why it is so nice to see large companies making decisive movements towards renewable energy and a sustainable future. Although residential solar systems are going to play a large role in transitioning the U.S. towards a sustainable blend of energy, these massive projects are integral in making a statement to commercial industries, paving the road for further investment. CEO Ben Catt summarized this in saying "Ultimately, this means more clean energy for the planet and more jobs for the local community."

New Mexico Utility to Rely 100 Percent on Renewable Energy and Battery Storage
7/30/20

Wednesday morning, the New Mexico Public regulation Commission unanimously voted to transition the major utility PNM to total reliance on renewable energy. The decision was motivated by a state mandate that requires a move to 100% carbon-free electricity generation by 2050, which fits into the nation-wide plans to do the same in the coming decades. click title for more info

Apple to Go Carbon Neutral By 2030
7/30/20

As the world continues towards the irreversible effects of climate change, countries like Germany, The Netherlands, and France are setting goals towards decelerating and mitigating the constant stream of heat-trapping green house gases in the atmosphere. These measure stretch from carbon taxes, renewable energy incentives, transportation sector overhauls, green architecture, and a shift from cradle to grave towards cradle to cradle manufacturing. Here in the U.S., we have laid out or own goals for reducing our emissions of green house gases. In 2009, The Obama Administration pledged that by 2050, the U.S. would reduce emissions by 80%. At the end of the day, carbon emissions break down to how a country produces and consumes energy. Barring political obstacles, this goal still requires a shift in energy consumption on the national level. This can take decades to organize, especially for a large country like the U.S. Therefore, the importance of corporate initiative cannot be overstated. Click title for more info

Instagram

Tesla Powerwalls are a great storage option, for backing up energy or to give you the freedom to do what you want with your solar energy. Either inside or outside, they sure do look impressive! • • • #teslapowerwall #solar #energystorage #energyindependence #solarenergy #renewables #dukeenergy #taycosolar #demandbettersolar #sunpower #battery #environment #energysage #saveourplanet #tesla #solar24news #recycle #environmentallyfriendly #photovoltaic #gogreen #motherearth #globalwarming #climatechange @solar24news @linnane_homes @sunpower

First person view of what it’s like when mounting a roof top system ☺️. Shout out to our amazing crews who work in the hot Carolina sun to ensure the installs go smoothly! • • • #teslapowerwall #solar #energystorage #energyindependence #solarenergy #renewables #dukeenergy #taycosolar #demandbettersolar #sunpower #battery #environment #energysage #saveourplanet #tesla #solar24news #recycle #environmentallyfriendly #photovoltaic #gogreen #motherearth #globalwarming #climatechange @solar24news @linnane_homes @sunpower

We are suckers for symmetry... The only downside with our @sunpower systems is that you don’t get to look at them as much once they’re mounted. No worries though, our aerial shots have you covered! • • • #teslapowerwall #solar #energystorage #energyindependence #solarenergy #renewables #dukeenergy #taycosolar #demandbettersolar #sunpower #battery #environment #energysage #saveourplanet #tesla #solar24news #recycle #environmentallyfriendly #photovoltaic #gogreen #motherearth #globalwarming #climatechange @solar24news @linnane_homes @sunpower

No filter needed for our @sunpower panels! For this home, our average system size of 30 panels was the right fit. To receive your free estimate today, visit our website or call and our team will model and size a custom system for you! • • • #teslapowerwall #solar #energystorage #energyindependence #solarenergy #renewables #dukeenergy #taycosolar #demandbettersolar #sunpower #battery #environment #energysage #saveourplanet #tesla #solar24news #recycle #environmentallyfriendly #photovoltaic #gogreen #motherearth #globalwarming #climatechange @solar24news @linnane_homes @sunpower

Love it when a project like this comes together. We put in a lot of planning and work over the last 14 months with one of our builders & his customer. The client wanted solar and backup. After the home was ruled out for its poor solar access we looked at other options...we decided on the dock. We used SunPower Corporation X-Series 370 watt panels and 3 Tesla Powerwalls. #sunpower #demandbettersolar #teslapowerwall #energyindependence #beautifulgreenhomes #renewableenergy

News & Insights

CIT moving forward with 108-Megawatt install
7/16/2020

The solar industry is constantly shifting, and at times it can be difficult to get a read on the trajectory. That is why it is so nice to see large companies making decisive movements towards renewable energy and a sustainable future. Although residential solar systems are going to play a large role in transitioning the U.S. towards a sustainable blend of energy, these massive projects are integral in making a statement to commercial industries, paving the road for further investment. CEO Ben Catt summarized this in saying "Ultimately, this means more clean energy for the planet and more jobs for the local community."

Click here for more information
SunPower Completes Spinoff of Manufacturing Assets to Newly Formed Company Maxeon
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A transaction first announced in November 2019, Sunpower has now split into two companies; SunPower as the solar and storage company, and Maxeon Solar Technologies. This deal will allow SunPower to focus on its core business, which is providing residential and commercial solar/storage while Maxeon will continue to produce the high quality panels that Sunpower is known for. The idea is to allow SunPower to focus on its strengths and simplifying their responsibilities. Since the companies founding in 1985, SunPower has survived the ups and downs of the solar industry. This split intends to streamline business and boost future financial outlook for both companies.

Instagram

Tesla Powerwalls are a great storage option, for backing up energy or to give you the freedom to do what you want with your solar energy. Either inside or outside, they sure do look impressive! • • • #teslapowerwall #solar #energystorage #energyindependence #solarenergy #renewables #dukeenergy #taycosolar #demandbettersolar #sunpower #battery #environment #energysage #saveourplanet #tesla #solar24news #recycle #environmentallyfriendly #photovoltaic #gogreen #motherearth #globalwarming #climatechange @solar24news @linnane_homes @sunpower

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