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SolarEdge Technologies has closed its first transaction for the sale of §45X Advanced Manufacturing Production Tax Credits for approximately $40 million, net of discounts and fees. 

The credits were generated by sales of eligible, domestic-manufactured inverters in the first half of this year. .

“The Inflation Reduction Act and new §45X of the U.S. Internal Revenue Code have made it possible to bring high value energy technology manufacturing back to the United States, and we are pleased to announce our first sale of §45X tax credits backed by ‘Made in the U.S.A.’ solar inverters,” says Ronen Faier, interim CEO of SolarEdge.

“This sale represents an important milestone in the maturation of the §45X credit transfer market and demonstrates the marketability of credits backed by U.S. made inverter technology.”

The tax credits were generated from the sale of inverters produced earlier this year at SolarEdge’s facility in Austin, Texas. The facility reached a target quarterly run rate of 500 MW of inverter production in the second quarter of 2024, produced 500 MW in the third quarter and is expected to ramp production in Q4, says the company.

SolarEdge’s second U.S. facility near Tampa, Fla. began shipping Power Optimizers in Q2 of this year and is expected to reach a production capacity of approximately two million per quarter, the company adds. The facility is adding commercial inverter and Power Optimizer production starting next year.

The transaction was facilitated by the Crux Climate platform.

The post SolarEdge Closes First Section 45X Credit Sale appeared first on Solar Industry.

SolarEdge Closes First Section 45X Credit Sale

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Renewable Energy

America’s Worst Presidents

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Historians point to Andrew Jackson, with his butchering of the Native Americans, to the presidents immediately before and after the U.S. Civil War, and to Warren Harding as the previous “worst presidents in our nation’s history.”

Having said that, regardless of what our country’s future turns out to be, it’s virtually impossible to imagine that Trump will not come out on the top of the list.

America’s Worst Presidents

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Renewable Energy

What it Means to Be a Conservative

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The meme here is a reminder that to call oneself a “conservative” used to mean something, other than the desire to conserve America’s racist and imperialistic heritage.

There have been conservatives all throughout U.S. history.

For some reason, our nation’s leaders at the turn of the 20th Century are probably the most notable, with TR and John Muir (national parks pioneer).

But skip ahead and you have those who have shaped environmental protection through science, advocacy, and media. Key figures include Jane Goodall (primatologist), David Attenborough (naturalist), Rachel Carson (author of Silent Spring), Steve Irwin (wildlife educator), climate advocate Bill McKibben, activist Naomi Klein, and Story of Stuff founder Annie Leonard.

What it Means to Be a Conservative

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Renewable Energy

The Constant Torrent of Disinformation Targeting Clean Transportation and Favoring Big Oil

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Sadly, the world must deal with the cottage industry that has arisen to generation and publish malicious bullshit about electric transportation and clean energy more generally.

The efficiency of internal combustion engines is in the 20s, where the efficiency of charging batteries and discharging them through electric motors is in the high 80s.  This is why we could replace every car and light-duty truck on Earth and with EV and experience an increased load on our grid of only about 14%.

The Constant Torrent of Disinformation Targeting Clean Transportation and Favoring Big Oil

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