Phoenix Business Journal As Congress debates how to reduce our overdependence on fossil fuels, Arizona is ready for a clean-energy strategy that helps consumers struggling with spiking gas prices and brings green jobs and big savings for families. Arizona can lead the way. Under Gov. Doug Ducey’s pro-business policies, we’ve built a strong base of […]
Phoenix-based SinglePoint Inc., a company that focuses on renewable energy and energy storage, has acquired Massachusetts-based The Boston Solar Company LLC. This is the first of multiple acquisitions SinglePoint (OTCQB: SING) says it plans to close this year as it prepares to apply to uplist to the Nasdaq market.
Tyler Lyman first got the idea to install rooftop solar tiles years ago when he was building a home in Arizona. He thought traditional rack-mount arrays were ugly, so he decided to fabricate his own tiles, with little success. “It didn’t work really at all, I wasn’t a very good engineer, I was much better on the software side than I was on the hardware side,” he said. “But it’s been something that I’ve had in the back of my mind for the last 16,17 years.”
Less than a year after its series A funding round, Chandler-based solar energy company Elevation Home Energy Solutions has closed its series B round after raising $20 million. Bernhard Capital Partners Management LP kicked in the newest chunk of capital earlier this month to support Elevation’s continued expansion to renters and the rental market.
Tucked between warehouses near the airport, We Recycle Solar is repurposing, reusing and recycling the growing supply of panels that have passed their expected lifespan of 30 years. Through multiple processes, the company refurbishes salvageable solar photovoltaic panels and breaks down worn-out panels into aluminum, granular glass and other materials that can be reused.
Nonprofit group Solar United Neighbors (SUN) recently announced the launch of the Maricopa County Solar Co-op to help residents go solar. “The co-op will enable Maricopa homeowners and business owners to join the growing community of people saving money by harnessing solar power,” said Bret Fanshaw, Arizona program director for Solar United Neighbors.
New Mexico regulators on Wednesday approved a plan that calls for new solar generation to replace the capacity that will be lost when Public Service Co. of New Mexico stops buying electricity from the Palo Verde nuclear plant in Arizona. The utility will lose 114 megawatts after its Palo Verde leases expire — one in 2023 and the other in 2024. Under the plan, PNM will develop more solar energy with backup battery storage.
Arizona is at a crossroads. The state’s population is rapidly expanding, but its long-term livability is increasingly at risk from climate threats, including drought, wildfire, and extreme heat. Fortunately, Arizona has the resources to adapt to and mitigate climate change, with some of the highest renewable energy potential in the nation, a burgeoning electric vehicle industry, and a strong innovation ecosystem that can make the state a magnet for low-carbon business growth. But to capitalize on those assets, and avoid climate risks, Arizona needs to make proactive investments now.
Global companies have been increasingly eyeing the West Valley’s industrial space in areas like the Phoenix Goodyear Airport, Interstate 10 and the Loop 303 in recent months.
Go Solar Group is joining with Titan Solar Power as part of its national installation team. Founded in Utah, Go Solar Group has commercial and residential solar installation crews in Nevada, Texas and New Mexico.