Tag: Sunnova
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Details on Sunnova’s $3 billion loan guarantee from Department of Energy
Sunnova Energy International received a conditional commitment from the U.S. Department of Energy (DOE) Loan Programs Office (LPO) to provide up to a $3 billion partial loan guarantee for projects tied to a new solar loan channel named “Project Hestia” squarely focused on disadvantaged communities. The DOE loan guarantee would be issued pursuant to Title……
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California net billing is here – and so are these NEM 3.0 battery storage deals
California’s net billing tariff era (NEM 3.0) is officially upon us starting April 15. Net billing drastically reduces the value of solar energy via lower compensation on export rates and complex hourly pricing. This effectively forces new solar customers to adopt batteries to store that excess production to self-consume later, and/or export more strategically, if……
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CPUC dismisses Sunnova’s micro utility application
Sunnova had big plans to install and maintain solar + storage microgrids for new home developments in California. The national solar and battery installer applied to the California Public Utility Commission (CPUC) to be a micro utility. We detailed the finer points of the plan and proposal here. Industry advocates were bullish on the potential……
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Sunnova promotes free battery to new California solar + storage lease customers
Solar + storage providers are making special offers and system tweaks for California homeowners in response to the upcoming net energy metering (NEM 3.0) rate changes. Example: Sunnova Energy International is offering a free battery for new customers in California who lease a solar + storage system under the Sunnova Easy Plan. In addition to……
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Sunnova, David Energy launch virtual power plant in Texas
Sunnova Energy International teamed up with David Energy, a software-driven retail energy provider in Texas, to bring its Adaptive Retail energy plan to the Texas marketplace, which taps Sunnova SunSafe solar and battery storage systems to create a virtual power plant (VPP). “Our Adaptive Retail plan represents a significant departure from the traditional centralized power……