Sungevity Brings Residences Solar Power
More and more American families are going solar thanks to the $25 million raised by Sunevity to build a sustainable living environment for residents throughout the nation. The residential solar installation company raised an additional $15 million toward its Series C fundraising campaign, money that will bring affordable solar power to homeowners. Led by Greener Capital and Firelake Capital investments, in addition to Brightpath Capital Partners, homeowners can expect to see a lot more sun power in the coming months.
A report from IDC Energy Insights indicated that residential solar power will double in the next year as more companies begin leasing out these services and power purchase agreements to property owners. "We've made it easy and affordable for the average homeowner to switch to solar with our unique online sales process and best-in-breed solar lease," said Danny Kennedy, Founder of Sungevity. "We're in a unique position because we are the only company to offer a firm quote within 24 hours without a site visit. We're now removing the last barriers to mass adoption of solar electricity across the US."
The Sungevity program is not unheard of in the area – which has now expanded to California, Colorado and Arizona – and will undoubtedly be the last. The team at Sungevity has already grown the number of kilowatts sold ten-fold this year, with an industry leap of .4 percent to 2.9 percent in the California market. As the fastest growing solar company in the United States, these programs are not only good for the nation in terms of energy consumption, for employment.
“Continued support from existing and new investors is a testament to the success of Sungevity’s unique and highly efficient internet business model,” said board member A. George Battle. “Broaders resrouces will allow this company to serve an exploding market for solar leases, enabling more US homeowners to get the benefits of solar without having to front the full cost of their systems.”
Sungevity garnered global attention when the Globama campaign put solar in the White House – enough so that the Maldives’ President Mohamed Nasheed asked Sungevity to install solar in his country’s ‘White House.’
Awesense launches digital clean energy marketplace
Awesense has launched what it claims is the only energy-focused repository of solutions built to drive the industry's decarbonization agenda.
The Awesense Marketplace aims to provide a common framework for companies to collaborate towards the future of clean energy and digital transformation, uniting applications, solutions and algorithms to solve energy and grid challenges.
Solutions listed on the marketplace cover a range of cases, and launch companies include Doosan GridTech, Kitu Systems, vadiMAP, LO3 Energy, ENGIN, Utilidata, Clir Renewables, ChargeLab, SensorLink, Exeri, Easy SmartGrid, and Athena Power.
“We are welcoming a new era in the decarbonization of energy systems,” said Mischa Steiner, CEO of Awesense. “The goal of achieving a clean energy future requires collaboration amongst key industry players in the utilities and energy sectors. Sharing resources through the Marketplace means that our customers and partners have a truly seamless approach as we work towards our common goal - ultimately, decarbonizing the world’s energy system.”
Utilities, consulting companies, and other organizations struggle to develop solutions that can be scaled across many jurisdictions due to complex data integration and the lack of a standard, open data model. Using the solutions offered throughout the Marketplace, organizations can rapidly accelerate their transition to a decentralized, decarbonized future and develop solutions that are scalable across industry. The platform will open up new revenue streams in areas such as:
Distributed energy resource integration and control
Electric vehicle charging
Demand response and smart-home management
Intelligent asset management
Advanced distribution system management
The new marketplace builds on Awesense's Digital Energy Platform, a digital twin based energy analytics platform that allows utilities to scale at the same pace as the rapidly changing technology landscape of the energy grid.
Together, the Open Energy Data Model and the Awesense Marketplace removes hurdles around data mapping and transformation, expedites data preparation and refining, and provides a common framework for companies to collaborate.
“The energy-specific data model allows utilities, technology companies, consulting firms, and other vendors to build solutions that can be easily integrated by other energy companies, to make a real impact on the industry as a whole, and develop new revenue streams for their organizations” said Steiner. “We’re looking forward to seeing the Awesense Marketplace grow as more partners committed to energy decarbonization join us.”
There are no simple solutions to putting the world on a sustainable path to net-zero emissions, according to the IEA. Reducing global CO2 emissions will require "a broad range of different technologies working across all sectors of the economy in various combinations and applications." it notes.
Renewable Energy Hub of South Australia formed
Amp Power Australia has established the Renewable Energy Hub of South Australia, a strategic portfolio of large scale integrated Solar PV, Wind and Battery Energy Storage assets located in South Australia. The hub also includes the siting of the Spencer Gulf Hydrogen Energy Ecoplex, forming part of the South Australian Government's Hydrogen Action Plan.
The portfolio, acquired from EPS, includes three large Solar PV projects totalling over 1.3 GW of generation, located at Robertstown (636 MW), Bungama (336MW) and Yoorndoo Ilga (388MW) with a total BESS capacity of up to 540MW across the portfolio.
Amp's expansion in Australia will include the implementation of Amp X, a proprietary digital energy platform 100% owned by Amp, which provides a diverse portfolio of disruptive and interoperable grid edge solutions, and includes a smart transformer, which enables real-time autonomous management and optimised dispatch of all forms of distributed generation and loads across the grid.
Palmetto recently opened its marketplace in Arizona, and is now serving 20 states across the country, claiming its proprietary technology, marketplace business model, and consumer mobile application "are all designed to democratize access to clean energy".