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inflation reduction act

Senate Passes Inflation Reduction Act With Long-Term Solar Incentives

On August 7, the Senate passed the Inflation Reduction Act, which includes long-term solar and storage tax incentives, investments in domestic solar manufacturing, and other critical provisions that will help decarbonize the electric grid with significant clean energy deployment.

The Inflation Reduction Act is expected to cut greenhouse gas emissions by about 40% below 2005 levels by 2030, according to The New York Times. It includes a 10-year extension of the solar ITC at 30% for both residential and commercial/utility-scale projects, direct pay for nonprofit and governmental entities, a 30% ITC for standalone storage, manufacturing credits for solar components, and much more.

“Today is a monumental day for America’s clean energy progress and global climate leadership. With the passage of the Inflation Reduction Act in the Senate, solar and storage companies are one step closer to having the business certainty they need to make the long-term investments that decarbonize the electric grid and create millions of new career opportunities in cities and towns across the country,” said Abigail Ross Hopper, president, and CEO of SEIA, in a statement.

“This legislation is the most transformational investment America has ever made in our climate future, and we are thankful to our members, the clean energy community, and every one of our solar champions in Congress for their work to get us to this historic moment,” she continued. “The solar industry has set a goal to account for 30% of all U.S. electricity generation by 2030, and this legislation will be a catalyst for reaching that target. Now the work can begin to build out America’s clean energy economy with historic deployment, domestic manufacturing, investments in low-income communities, energy storage, smoother interconnection and so much more.”

“This legislation demonstrates that we don’t have to choose between good jobs and a clean environment, as some falsely claim. The Inflation Reduction Act supports both. This bill will create good-paying union jobs across the country while driving down the emissions causing climate change. It will be a game-changer in growing clean energy, revitalizing manufacturing, and building resilient communities,” said BlueGreen Alliance executive director Jason Walsh, in a statement.

The House is planning to reconvene on Friday to pass the bill and send it to President Biden, according to The New York Times.

See a list of the manufacturing tax credits included in the bill here.


Article by: Kelsey Misbrener

Via: https://www.solarpowerworldonline.com/2022/08/senate-passes-inflation-reduction-act-with-long-term-solar-incentives/

sesame solar

Sesame Solar is selling mobile disaster relief units powered entirely by clean energy

KEY POINTS:

  • Sesame Solar is selling highly portable solar-powered units for things like mobile communications and command centers, medical units, kitchens, and temporary housing.
  • The systems use solar panels or clean hydrogen and can be ready for use within 15 minutes.
  • It already has over 50 sales of nanogrids.

Michigan-based startup Sesame Solar is producing what it deems the world’s first fully-renewable mobile nanogrid for natural disaster relief. Its units can be used as mobile communications and command centers, medical units, kitchens, and even temporary housing. The systems can be ready for use within 15 minutes of arrival.

Most mobile units like these have been powered by diesel fuel, which emits carbon dioxide when burned, contributing to climate change.

But Sesame’s units have solar panels on top which unfold, giving the company its name — a reference to “open sesame.”

“The whole concept is that no fossil fuels are required to be able to have days or weeks of energy autonomy after an extreme weather disaster, like a hurricane or tornado or wildfire, or an event of grid outage in California…or a cyber-attack, or anytime the grid is just down,” said Sesame co-founder and CEO Lauren Flanagan.

“We combine solar and battery storage, or we also have other sources of renewable power, we use green hydrogen as backup power. And we can do small wind turbine if conditions are right,” added Flanagan.

Sesame sells the systems for anywhere from $100,000 to $300,000, or more for larger installations like a full medical clinic. It has sold 50 nanogrid units so far. Its customers already include the U.S. Air Force, as well as cable providers like Cox and Comcast.

“There have been 18 multi-billion-dollar climate disasters in the U.S. in the last 18 months. And it’s rare you’re going to find a company that already has revenue, already has customers, already has impacted the world, and has done it on a shoestring budget,” said Vijay Chattha, with VSC Ventures, one of the investors backing Sesame Solar.

Others include Morgan Stanley, Pax Angels, and Belle Capital. The company has raised only $2 million so far, which may seem like very little for a company with such broad potential. But Flanagan said revenues tripled in the last year and are set to do that again this year.

“The reason we haven’t raised a lot of capital is because we have revenues. I’m a kind of old-school operator, I believe in get product market fit, find customers who will pay, iterate and improve it and try to run as close to break-even as you can, and then you’ve got options, right?” she said.

 One of those is a potential new business model where rather than selling the units the company would rent them out. She wants to get FEMA on board with something like that, which she said would be a gamechanger.


Article by: Diana Olick

Via: https://www.cnbc.com/2022/07/25/sesame-solar-is-selling-clean-energy-nanogrids-for-disasters.html

doe solar panel

DOE Announces $56M For Solar Manufacturing, Recycling Initiatives

The United States Department of Energy (DOE) debuted a host of new initiatives last week to prompt solar manufacturing and recycling innovations, with $56 million in funding slated to jump-start the effort.

One of the clear goals of these moves is to reduce energy costs and electricity bills specifically. At the same time, the White House envisioned the funding as a means to boost clean energy supply chains and larger energy security measures, in conjunction with the Biden administration’s stated goal of achieving 100 percent clean electricity by 2035.

“This administration wants to seize U.S. leadership in solar energy, from manufacturing to recycling, and that means making the right investments to ensure these technologies are made right here at home,” U.S. Secretary of Energy Jennifer Granholm said. “Thanks to President Biden’s Bipartisan Infrastructure Law, DOE is able to invest in our nation’s innovators so they can improve manufacturing and strengthen the domestic solar supply chain—lowering energy bills for Americans and businesses and driving toward an equitable clean energy future.”

The new DOE funding included $10 million from the Bipartisan Infrastructure Law, also known as the Infrastructure Investment and Jobs Act. As a result of this, coupled with other funding, the DOE launched two new solar innovation funding opportunities and new investment into the Technology Commercialization Fund.

For the solar side, this included the Photovoltaics (PV) Research and Development funding opportunity, for which $29 million was set aside to support projects developing PV module designs to reduce manufacturing costs. Those that improve the manufacturing of PV cells made from lower production costing perovskites will also be considered.

A separate Solar Manufacturing Incubator was also set up to provide $27 million for projects working on the commercialization of new technologies that could expand private investment in U.S. solar manufacturing. Projects that prepare new technologies and manufacturing processes for commercialization and showcase means to improve domestic manufacturing of thin-film PV made from cadmium telluride are eligible.

An additional $18 million went into the Technology Commercialization Fund to aid seven proposed National Laboratory projects working on commercialization challenges for DOE-funded technologies.

On top of all this, the DOE issued a new request for information on challenges and opportunities facing vehicle-integrated PV in trying to allow solar energy as a source for land, sea, and aerial vehicles. Feedback is due from those interested on Aug. 22, 2022.


Article by: Chris Galford

Via: https://dailyenergyinsider.com/news/35905-doe-announces-56m-for-solar-manufacturing-recycling-initiatives/