New data from Lux Research indicates that innovation in renewable energy technology is slipping and has been doing so for the past four years. The research, however, indicates that while interest in renewables generation technologies has been waning, the bright spots relates to its integration and management.
Solar Alliance Energy Inc. has gained Approved Developer status for California’s Self-Generation Incentive Program (SGIP), a program that provides incentives for existing, new, and emerging distributed energy resources including home battery storage.
It’s pretty clear to everyone who hasn’t been living under a rock lately that renewable energy is going to continue to contribute greater and greater amounts of electricity. And while this does represent some challenges, leveraging them as well as other distributed energy resources to their full potential presents big opportunities for utilities.
It appears that venture capital activity in the cleantech sector is headed for a down year. According to figures released by the Canadian Venture Capital and Private Equity Association (CVCA) this week, there were 18 venture capital deals, totalling $84 million in the first half 2017.
Vancouver’s Discover Energy Corp. has secured US$15 million in financing from Export Development Canada to expand its battery manufacturing operations to reach international markets. The money will be used to acquire a production facility in South Korea.