Connect with us

Published

on


The Solar Energy Industries Association (SEIA) is urging banking regulators to develop using the Neighborhood Reinvestment Act (CRA) to incorporate financing assist for {solar} and storage tasks of all sizes. SEIA’s advocacy push facilities round feedback the group submitted in response to new guidelines that will enhance equitable entry to {solar} energy and higher align the CRA with the president’s clear energy and local weather resilience plans.

The CRA directs regulated banks to serve low- and moderate-income (LMI) communities and is a legislative instrument for catalyzing native funding and lending sources in these communities. SEIA’s feedback deal with focused adjustments to the CRA that might inject new funding for sources for {solar} and storage tasks throughout all market segments. It will assist enhance credit score entry, decrease emissions, and create extra jobs and enterprise alternatives in communities which can be disproportionately affected by local weather change.

“After many years of environmental racism, we now have the chance to steer with fairness and use group funding banks to finance new {solar} and storage tasks in communities that want them most,” says Abigail Ross Hopper, SEIA’s president and CEO. “If we develop the Neighborhood Reinvestment Act to incorporate clear energy entry, we will funnel high quality jobs, cleaner air, and new enterprise alternatives to underserved neighborhoods throughout the nation. As we glance to ramp up clear energy deployment within the {Solar}+ Decade, we should double down on fairness and among the best methods to do that is to focus on and assist applications which can be already reaching frontline communities.”

“If we need to tackle systemic inequities and ship financial prosperity to all Individuals, it begins with updating legal guidelines just like the Neighborhood Reinvestment Act, which goals to serve native communities,” feedback Dana Clare Redden, founding father of {Solar} Stewards and a board member of the Black Homeowners of {Solar} Providers (BOSS). “Bringing the cost-saving advantages of unpolluted energy to all Individuals is of paramount significance, particularly in occasions of rampant local weather change and rising prices. Resilient and reasonably priced {solar} energy generally is a game-changer for American households on a restricted or fastened revenue and increasing the Neighborhood Reinvestment Act will solely additional the affect we will have on underserved communities in America.”

Regulated banks, like Neighborhood Improvement Monetary Establishments, and state and federally chartered banks and credit score unions, are required to serve the communities the place they’re situated, and new funding choices may assist to deliver extra {solar} tasks to low- and moderate-income communities. This might embrace extra assist for local people {solar} tasks, new financing choices for residential {solar} and storage tasks in-built city environments, and lending and tax fairness assist for utility-scale {solar} in rural areas, SEIA states.

“On the coronary heart of it, the Neighborhood Reinvestment Act focuses on honest and equal therapy of low- and reasonable people of their interactions with federally regulated banks in mild of redlining and different historic ills,” provides Lee Peterson, senior supervisor of challenge finance and consulting at CohnReznick. “Now, these similar communities are disproportionately bearing the brunt of local weather change, and CRA compliance should now entail being a part of the answer in addressing many years of inequity and discrimination. SEIA’s ideas to make use of the CRA to develop {solar} and storage use is each well timed and mandatory, and we hope financial institution regulators will undertake the business’s suggestions.”

SEIA’s feedback, submitted by the group’s regulatory affairs consultants, are in response to joint guidelines on clear energy and local weather resiliency proposed by the Workplace of the Comptroller of the Forex, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance coverage Company. The feedback urge the businesses to go a lot additional and develop definitions of emergency preparedness and infrastructure to account for President Biden’s government actions on local weather change and establish clear energy as a essential resolution for local weather resiliency in low- and moderate-income (LMI) communities.

LMI communities are disproportionately impacted by local weather change because of a wide range of elements, together with insufficient entry to housing, healthcare and group infrastructure, and a scarcity of generational wealth, making it more durable for these communities to recuperate from excessive climate occasions.



Source link

Continue Reading

Solar Energy

FranklinWH Home Power system added to Mosaic, Leap approved vendor lists

Published

on

FranklinWH

Mosaic and GoodLeap add FranklinWH to their permitted battery vendor lists

FranklinWH, a battery producer that may again up entire houses, was not too long ago added to the permitted vendor record (AVL) for each Mosaic and Goodleap, two of the nation’s most acknowledged financing corporations. Mixed, Mosaic and GoodLeap have offered greater than $18 billion in loans for {solar} sustainable dwelling enhancements in America. Here’s a bit more on FranklinWH, which debuted within the U.S. at Intersolar this 12 months.

FranklinWH installers can now present prospects entry to decrease rates of interest, making energy storage extra accessible and inexpensive.

“FranklinWH strives to make sure that energy storage possession is an inexpensive actuality,” says Gary Lam, FranklinWH U.S. basic supervisor and co-founder. “Glorious financing lets our installer companions enhance gross sales and simplify operations whereas providing the very best charges to prospects. Safe and progressive finance platforms from Mosaic and GoodLeap streamline that course of.”

Working with Mosaic and GoodLeap, FranklinWH helps contractors broaden their markets and enhance their margins. Better entry to financing has revolutionized U.S. {solar} adoption. By means of financing energy storage programs, owners can keep away from rising utility prices, beat inflation, and enhance energy reliability — all a part of FranklinWH’s imaginative and prescient of energy independence.

To attain AVL standing with Mosaic and GoodLeap, the Franklin House Energy (FHP) system underwent stringent due diligence together with confirmed product viability, robust market acceptance and gross sales forecast, and long-term guarantee specs.

FHP’s highly effective, built-in dwelling energy administration system consists of the aPower X battery — providing the very best lithium iron phosphate (LFP) AC capability in the marketplace — and the aGate X, an clever energy management system that creates most dwelling consolation.

So as to add the FHP answer to their permitted dwelling battery programs, FranklinWH-certified sellers should contact their Mosaic or GoodLeap representatives. To study extra about methods to grow to be an authorized seller or installer, please apply on-line.

Have you ever checked out our YouTube web page?

We now have a ton video interviews and extra content material on our YouTube web page. Lately we debuted Power Forward! — a collaboration with BayWa r.e. to debate increased degree business matters in addition to greatest practices / tendencies for operating a {solar} enterprise in the present day.

Our longer operating aspect undertaking is The Pitch — wherein we have now awkward discussions with {solar} producers and suppliers about their new know-how and concepts in order that you do not have to. We have discusses every thing from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new dwelling solar + storage microgrids.

We additionally put up our Project of the Year bulletins there! Interviews with this 12 months’s winners might be up beginning the week of Nov. 8. Head there and subscribe in the present day to remain on prime of all this additional stuff.

Tags: , ,


Source link

Continue Reading

Solar Energy

NineDot Energy unveils 12.32-MWh Tesla Megapack storage project in the Bronx

Published

on

Share


NineDot Energy unveiled its first battery energy storage web site within the Bronx, New York Metropolis. With a 3.08-MW/12.32-MWh Tesla Megapack system, a 26-kW {solar} cover and infrastructure prepared for bi-directional electric automobile chargers, this NineDot Energy web site is a mannequin for develop future city clear energy initiatives.

“We’re excited to formally reduce the ribbon on our ‘Gunther’ Bronx battery energy storage web site,” mentioned David Arfin, NineDot Energy CEO and co-founder. “Constructing battery storage websites in a dense city setting requires an uncommon set of abilities and expertise all introduced collectively in NineDot Energy, in addition to assist from a variety of visionary regulators and policy-makers and a terrific group of devoted companions who we’re thanking right this moment.”

NineDot Energy builds its battery storage websites in areas that sit on the intersection of current infrastructure and excessive energy demand.

“Taking a barely-used sliver of land within the Bronx, NineDot Energy created a breakthrough clean-energy web site for this neighborhood,” mentioned Adam Cohen, NineDot Energy chief know-how officer and co-founder. “Discovering the appropriate websites requires a deep understanding of grid design and regulation together with in depth project-finance and decision-science abilities, and we imagine NineDot uniquely brings collectively all these capabilities in a single modern firm.”

With battery storage, the Gunther web site not solely makes the native grid extra sturdy, but additionally integrates extra clear energy into the grid throughout instances of peak demand.

Information merchandise from NineDot Energy 



Source link

Continue Reading

Solar Energy

Robert Pohlman Leads New Jersey Resources’ Clean Energy Initiatives

Published

on

Robert Pohlman Leads New Jersey Resources' Clean Energy Initiatives






New Jersey Resources (NJR) has named Robert Pohlman as vice chairman of NJR Clear Energy Ventures (CEV) and company technique. He shall be chargeable for main and creating the renewable energy enterprise, whereas additionally driving new progress alternatives and strategic initiatives throughout NJR.

“NJR Clear Energy Ventures is a core a part of our enterprise and progress technique,” states Steve Westhoven, president and CEO of New Jersey Sources. “Together with his intensive expertise within the sustainable funding area, Bobby has performed a key function in our firm’s funding of over $1 billion in renewable infrastructure over the past decade and helped develop CEV into one of many largest {solar} proprietor/operators in New Jersey. He has confirmed himself to be a robust, succesful chief in each job he’s held. I’m assured Bobby will proceed to facilitate progress and success at CEV as we spend money on and ship cleaner energy to our clients.”

Pohlman joined NJR in 2011 as director of enterprise improvement at CEV. In 2019, he was named chief of workers to the president and CEO of NJR and served as managing director of innovation and strategic initiatives earlier than being promoted to vice chairman of technique, communications, authorities relations and coverage in 2021. Previous to becoming a member of NJR, he labored as vice chairman at Citadel LLC and assistant vice chairman at Credit score Suisse Energy LLC and Barclays Capital Inc.

Clear Energy Ventures invests in, owns and operates {solar} initiatives with a complete capability of greater than 370 MW, offering residential and business clients with low-carbon options.










Source link

Continue Reading

Trending