PowerBank Secures $8M Revolving Credit Facility to Expand NY Solar+Storage Projects
PowerBank Corporation and its subsidiaries have entered into a loan agreement with NY Green Bank (NYGB) for a revolving credit facility of up to $8 million.  The loan enables PowerBank to expand the growth of its Independent Power Producer (IPP) portfolio by providing low-cost capital.  The financing will support interconnection deposits for an initial 50-megawatt (MW) portfolio of distributed solar and battery […]
Michigan’s Largest Utility Brings 250-MW Muskegon Solar Project Online
Michigan-based utility Consumers Energy has announced that its Muskegon Solar project is now operational. Spanning 1,900 acres, Muskegon Solar is the utility’s largest active solar development and the most recent of four projects to begin operations, joining installations at Western Michigan University, Grand Valley State University, and in Cadillac. Located at the Muskegon Resource Recovery […]
Honda and Princeton NuEnergy Advance Lithium-Ion Battery Recycling Partnership
Honda Motor Co., Ltd. and Princeton NuEnergy Inc. (PNE) have signed a memorandum of understanding (MOU) to advance their collaboration that is focused on next-generation lithium-ion battery recycling technologies. The partnership underscores both companies’ commitment to bolstering the circular battery materials supply chain and domestic energy independence. Honda and PNE have been conducting joint technical validation of […]
Generac Expands Wisconsin Manufacturing to Meet C&I Power Demand
Generac Holdings Inc. has announced the acquisition of a new facility in Sussex, Wisconsin that will allow the company to expand its manufacturing presence for its commercial and industrial (C&I) products. The facility, along with Generac’s other Wisconsin-based plants in Beaver Dam and Oshkosh, is a testament to its continued investment in scaling capacity for […]
Test New Jersey Fast-Tracks Residential Solar and Storage Permitting
Under the bill, the approval process for residential solar and battery systems will be expedited, requiring the Department of Community Affairs (DCA) to create an online, automated permitting platform for rooftop solar and storage installs. According to the bill, the platform must be available statewide within 18 months of its signing. The effort will help […]