Solar Power is Shining Bright

Saturday, 24 October 2020, 14:00:59
By VanEck In this New York Times article, Portfolio Manager Shawn Reynolds discusses why renewable energy has become one of his biggest bets. The top three holdings of the VanEck Global Hard Assets Fund (“the Fund”) currently are solar power companies. As of 9/30/20, Sunrun Inc. is 9.5% of net assets, SolarEdge Technologies, Inc. is 7.5% and […] The post Solar Power is Shining Bright appeared first on ETF Trends .
— ETF Trends

California Shifts $100M in Behind-the-Meter Battery Incentives to Support Low-Income Communities

Friday, 23 October 2020, 18:55:00
Amidst massive wildfires, rolling blackouts and the continued threat of large-scale grid outages, California is shifting more than $100 million of its $1.2 billion Self Generation Incentive Program budget to help low-income communities install about 100 megawatts of stalled behind-the-meter battery projects. The shift won’t tap the $613 million in SGIP funds earmarked for low-income and medically vulnerable customers at highest risk of fire-prevention power outages. Instead, Thursday’s decision from the California Public Utilities Commission will shift $108.5 million from SGIP’s undersubscribed large-scale storage budget. That money will help fund some of the $306 million in projects in low-income and disadvantaged communities that applied for SGIP funds this year, applications that outstripped the existing $53 million “equity budget” available to them. That equity budget offers incentives of 85 cents per watt-hour for installations of up to 30 kilowatts of power capacity, more than SGIP’s general incentive categories — a critical piece to making projects cost-effective.
— Green Technology Media

RUN Stock: Love Affair With Solar Could Translate to Higher Share Price

Thursday, 22 October 2020, 20:52:08
Americans are installing record amounts of solar panels on their homes. That’s good news for Sunrun. But is it good news for RUN stock?
— InvestorPlace

So, What Exactly Are Virtual Power Plants?

Thursday, 22 October 2020, 16:00:00
We live in an increasingly virtual world. You can hold virtual meetings with virtual friends using virtual reality systems hosted on virtual servers. And in energy circles, one of the biggest buzzwords in recent years is the virtual power plant, or VPP. The term first started to be bandied about in the 1990s. But VPPs have really taken off in the last 10 years, not just as a concept but as something that a growing number of energy companies are creating, using and commercializing. Here’s the real deal on this virtual energy phenomenon. Explain this ‘VPP’ thing… According to Germany’s Next Kraftwerke, one of the pioneers of modern VPPs, it’s “a network of decentralized, medium-scale power generating units such as wind farms, solar parks and combined heat and power units, as well as flexible power consumers and storage systems.” In practice, a VPP can be made up of multiple units of a single type of asset, such as a battery or a device in a demand response program, or a heterogeneous mix of assets.
— Green Technology Media

Sunrun (NASDAQ:RUN) Stock Price Down 9.2%

Wednesday, 21 October 2020, 21:58:50
Sunrun Inc (NASDAQ:RUN)’s stock price fell 9.2% during trading on Wednesday . The company traded as low as $56.73 and last traded at $56.82. 12,473,162 shares changed hands during mid-day trading, an increase of 217% from the average session volume of 3,933,342 shares. The stock had previously closed at $62.58. A number of research firms […]
— The Olympia Report