Higher Power PV Modules Drive Up BOS Costs

A new generation of students is looking to solve today’s energy and environmental challenges – and Ørsted here to support them. From Stony Brook University (SUNY) to the Community College of Rhode Island, Ørsted is funding offshore wind scholarships, research, and more. With local programs that extend beyond the classroom, we help students get hands-on experience, make connections, and launch careers in clean energy.

We partnered with the Maritime Institute of Technology & Graduate Studies to create a virtual offshore wind farm navigation simulator for mariners. Graduate students in Annapolis, MD worked on the simulator, helping improve the safety and efficiency of offshore navigation.

Tp advance offshore safety training, we’re working with the Community College of Rhode Island to create the state’s first Global Wind Organization training certificate program. Rhode Island students and workers can undertake GWO training, learning offshore wind farm safety essentials.

Ørsted | https://us.orsted.com/

The United States is demanding more and more electricity to power our computing, our factories and businesses, and our homes.  As part of an “All of the Above” energy strategy, offshore wind has the scale and speed to meet growing U.S. electricity demand, providing a stable, domestic energy source that delivers vast amounts of energy while creating American dominance. Download American Cleanpower’s America’s Offshore Wind Energy Industry is Key to an “All-of-the-Above” Energy Strategy fact sheet to learn more about how offshore wind supports this energy strategy.

U.S. companies have announced $12 billion in manufacturing, shipbuilding, and ports investments due to business from the U.S. offshore wind energy industry. 

• Over $5 billion of those investments are in red states and districts. 
• Additional investments in shovel-ready manufacturing facilities and vessels stand ready to bring manufacturing jobs back to America, when the offshore wind energy business continues to grow. 
• The U.S. offshore wind industry has already invested $6.1 billion in American manufacturing.  These new facilities make cables, foundations, and other components for offshore wind farms. 

The offshore wind sector is revitalizing American ports, transforming them into key hubs for assembling, staging, and deploying offshore wind farms. 

• Investments in infrastructure upgrades, such as state-of-the-art cranes, expanded storage facilities, and enhanced logistics networks are positioning it for long-term success.   
• Ports up and down the East and Gulf coasts are helping support offshore wind projects, investing nearly $3 billion.

American Cleanpower | https://cleanpower.org/

REalloys (ALOY) has appointed former U.S. Secretary of Defense's Chief of Staff Joe Kasper as chair of its advisory board, placing a senior defense supply chain official at the center of its push to build a U.S.-aligned rare earth metals platform as the country faces limited domestic supply and a hard 2027 deadline requiring U.S. defense systems to eliminate Chinese-sourced inputs. Kasper has been working inside the Pentagon on the exact supply chain breakdown REalloys is now trying to fix: the absence of U.S. capacity to produce rare earth metals at scale.  Companies mentioned in today's commentary includes:  Realloys Inc. (ALOY), MP Materials Corp (NYSE: MP), USA Rare Earth, Inc. (NASDAQ: USAR), Energy Fuels Inc. (NYSE American: UUUU), Nouveau Monde Graphite Inc. (NYSE: NMG), Compass Minerals International, Inc. (NYSE: CMP).

Kasper steps in alongside retired General Jack Keane and GM Defense President Stephen duMont, forming a group with direct reach into defense procurement, policy, and the industrial base the company is targeting. That matters because this is not a theoretical gap. The U.S. still lacks meaningful domestic capacity to convert rare earth oxides into the metals and alloys that actually go into weapons systems, and that bottleneck now has a fixed deadline.

The U.S. government is working on a fixed timeline. Beginning in 2027, defense procurement rules will require contractors to eliminate Chinese-origin rare earth materials across the supply chain, forcing a shift toward domestic or allied sources for the metals and magnet inputs used in weapons systems.

That shift centers on a part of the supply chain the U.S. still does not control at scale—the conversion of rare earth oxides into finished metals and magnet alloys used in defense systems and advanced manufacturing.

The Market is Tight and Split

For years, rare earth supply looked abundant because China kept the market saturated. Prices stayed low. Supply looked stable. That is no longer the case. Demand is rising at the same time supply is tightening. Electrification, defense procurement, and advanced manufacturing are all pulling on the same materials, with industry estimates from groups like the International Energy Agency and major mining firms pointing to demand doubling or tripling by the 2030s.

At the same time, China is using more of its own supply. A growing share of rare earth production is now consumed domestically across electric vehicles, wind turbines, robotics, and electronics. That leaves less material available for export. The result is a split market. Prices outside China are already moving higher, with buyers paying a premium to secure non-Chinese supply. That premium reflects scarcity, not speculation.

This is the environment REalloys is building into. From its Euclid, Ohio facility, the company will convert rare earth oxides into metals and magnet-grade alloys–the step the United States still largely lacks at scale and the step that determines whether supply chains actually function.

That positioning sits directly inside the shift now underway. The old model, defined by cheap material flowing out of China, is breaking down. What is replacing it is a tighter market where supply security carries a cost.

The vulnerabilities are clear. When China has restricted exports in the past, the impact has moved through supply chains almost immediately, forcing manufacturers to scramble for materials that sit inside critical components. And the exposure extends well beyond defense. Rare earth magnets are embedded in electric vehicles, industrial automation, aerospace systems, and the hardware supporting data centers and artificial intelligence.

These materials now sit inside two of the fastest-growing parts of the global economy: electrification and digital infrastructure. One of the main problems is that the West built very little buffer for this. Now the timeline is fixed.

Beginning January 1, 2027, U.S. defense procurement rules will prohibit Chinese-origin rare earth materials across the entire supply chain, from mining and refining through metallization and magnet production.

In short, defense contractors and tech giants will need a qualified, non-Chinese source of supply. Upstream projects alone aren't enough. That is why companies with operating metallization capacity in North America are now moving into focus.

The Who's Who of Rare Earth Metals

Joe Kasper, former Chief of Staff to the U.S. Secretary of Defense. General Jack Keane, former Vice Chief of Staff of the U.S. Army. Stephen duMont, president of GM Defense …

At the board level, REalloys' has the Who's Who of rare earths and defense, tying the company directly into the institutions that control defense procurement. This is the Pentagon. This is GM Defense. This is the layer where suppliers are selected, qualified, and scaled into real programs. Beneath that layer is an operating platform already producing material.

REalloys runs its metallization operations out of Euclid, Ohio, where rare earth oxides convert into finished metals and magnet-grade alloys. This is the step that turns processed material into something a defense contractor can actually use; and it is still largely absent in the United States at scale.

The structure around it is already in place. The Saskatchewan Research Council produces separated oxides in Canada. Those materials move to Ohio, where REalloys will convert them into metals and alloys. Mine to metal, across an allied supply chain built to meet U.S. procurement requirements.

The company has secured that flow. REalloys has locked 80% of SRC's output under an offtake agreement, giving it control over one of the few emerging streams of heavy rare earth supply outside China.

The scale is defined. Phase 1 begins in 2027, targeting roughly 525 tonnes per year of NdPr metal, with dysprosium and terbium feeding into the same system. Phase 2 expands that into approximately 3,500 tonnes of NdPr metal, 200 tonnes of dysprosium metal, 45 tonnes of terbium metal, and around 20,000 tonnes of finished magnets. What comes next isn't a single project. It is a system being built in real time.

Supply is moving out of China, but it is not moving evenly. Material is being produced. Demand is already there. What determines whether that demand is met is whether the full chain exists to deliver usable metal at scale. That is where the next phase of this market is being decided. Allied supply chains are starting to take shape, from Canadian processing to U.S. metallization, but capacity remains limited and still expanding.

REalloys operates at the stage where that supply is converted into usable metal and alloy and can move into defense and industrial systems. As that capacity comes online, the companies that can deliver qualified material at scale will define how quickly that system closes, and who captures the pricing already emerging outside China.

Other resources companies to keep an eye on:

MP Materials (MP) is the operational backbone of America's domestic rare earth recycling and production ecosystem. Its Mountain Pass facility is designed as a closed-loop, zero-discharge operation that recycles more than one billion liters of water per year, and the company is now building out dedicated recycling infrastructure to accept post-consumer electronics and post-industrial scrap as feedstock for new magnets.

In July 2025, MP formalized its $500 million partnership with Apple, which will significantly expand the Independence facility's magnet production lines and establish a first-of-its-kind commercial rare earth recycling line in California. This collaboration, combined with substantial backing from the U.S. Department of Defense, positions MP as the central node of a fully integrated domestic supply chain all within the United States.

USA Rare Earth (USAR) has seen its notoriety soar in early 2026 following a massive $3.1 billion funding package involving both private capital and U.S. government loans. The company is developing the Round Top deposit in Texas, which is unique for its high concentration of heavy rare earths and lithium. This "multi-commodity" approach allows USAR to serve both the EV battery market and the defense industrial base simultaneously.

The company's immediate focus is the operationalization of its magnet manufacturing facility in Stillwater, Oklahoma. By "de-risking" the transition from mining to finished magnets, USAR is attempting to create a second fully integrated supply chain alongside MP Materials. For the Pentagon, USAR represents a critical redundant source of the materials needed for everything from night-vision goggles to missile guidance systems.

Energy Fuels Inc. (UUUU) has emerged as a disruptive "crossover" player, leveraging its uranium processing expertise to become a major producer of rare earth elements. At its White Mesa Mill in Utah, the company has successfully commissioned a Phase 2 circuit capable of producing up to 6,000 tonnes per annum of NdPr oxide. More importantly for the defense sector, Energy Fuels has become a primary domestic source for "heavy" rare earths like dysprosium and terbium, which are far rarer and more strategically sensitive than their "light" counterparts.

The company's 2026 outlook is bolstered by its "Vara Mada" and "Donald" projects, which provide a diversified stream of monazite sand for processing. By producing both uranium for carbon-free energy and rare earths for military hardware, Energy Fuels has positioned itself as a dual-threat infrastructure play. Its low-cost production profile allows it to compete globally while adhering to the highest environmental and security standards required by its government and defense clients.

Nouveau Monde Graphite Inc. (NMG) is developing an integrated mine-to-anode model designed to supply low-carbon graphite to Western battery manufacturers. Its Matawinie project in Quebec is structured as an all-electric open-pit operation powered by hydroelectricity, significantly lowering lifecycle emissions relative to conventional peers.

Concentrate from Matawinie will feed the company's downstream facility in Bécancour, where purification, spheroidization, and coating processes will convert material into battery-grade anode graphite. Vertical integration enables higher margins while reducing exposure to Chinese processing dominance.

Long-term offtake agreements with major battery and automotive partners underpin Phase 1 economics. Strategic investors provide capital support and supply-chain access, positioning Nouveau Monde within North America's emerging battery materials corridor.

Compass Minerals International (CMP) remains a leading provider of essential minerals, solidifying its position with consistent performance and strategic growth initiatives. Since the previously mentioned reference, the company has made significant advancements in its operations, product offerings, and sustainability efforts.

Compass Minerals has expanded its product portfolio by introducing new and innovative solutions. Notably, the company has developed a range of specialty salts for various industrial applications, including pharmaceuticals, food additives, and water treatment. These value-added products have not only strengthened the company's revenue streams but also enhanced its competitive advantage in specialized markets.

By. Michael Kern

Oilprice Intelligence brings you the inside view on where the next gains will come from, breaking down the market's biggest growth driver with analysis from veteran oilmen and experts. Click here to get this crucial intel for free

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This press release was distributed on behalf of REalloys (ALOY)

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Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium carbonate, announced that it has joined the Lithium Regional Innovation Cluster (“LRIC”), a collaborative industry initiative focused on advancing innovation, supply chain resilience, and economic development across the U.S. lithium value chain.

LRIC brings together industry participants, technology providers, academic institutions, and public-sector stakeholders to accelerate the development of a scalable and sustainable U.S. lithium ecosystem. Through this collaboration, Stardust Power will contribute its midstream refining expertise while engaging with peers across the value chain to support innovation and industry best practices.

Participation in LRIC supports Stardust Power’s strategy to advance domestic lithium refining capacity and reduce reliance on foreign supply chains. The collaboration is formalized through a memorandum of understanding.

“Joining LRIC connects Stardust Power to a broader network of industry leaders working to build a resilient U.S. lithium supply chain,” said Roshan Pujari, Founder and CEO of Stardust Power. “As we prepare our Muskogee, Oklahoma refinery toward construction, this collaboration allows us to both contribute our operational perspective and learn from others across the ecosystem. It’s about raising the bar for domestic lithium development and execution.”

“The Lithium Regional Innovation Cluster is proud to welcome Stardust Power as we continue building a more secure and scalable domestic lithium supply chain,” said Florence Meadors, Program Manager of the Lithium Regional Innovation Cluster. “Their focus on midstream refining is a critical component of the U.S. lithium ecosystem, and we look forward to supporting their continued growth.”

Through LRIC, the Company will participate in initiatives focused on advancing lithium processing technologies and strengthening U.S. supply chain coordination.

Stardust Power | www.stardust-power.com 

Lithium Regional Innovation Cluster | https://lithiumric.org/

ChargePoint (NYSE: CHPT), a global leader in electric vehicle (EV) charging solutions, announced that the company has enabled over 90 charging ports for the South Coast Air Quality Management District (South Coast AQMD), the regulatory agency responsible for improving air quality in Los Angeles, Orange, Riverside, and San Bernardino counties. The deployments provide employees and the public with convenient and reliable EV charging solutions.

“Together with South Coast AQMD, ChargePoint is deploying accessible and reliable charging options for communities within America’s largest EV market,” said Rick Wilmer, CEO at ChargePoint. “Having enabled more than 21 billion electric miles to date, ChargePoint shares South Coast AQMD’s values and directly supports its mission to reduce greenhouse gas emissions and improve air quality.”

The project replaced outdated chargers with 55 new, Level 2 ChargePoint units capable of serving 94 vehicles simultaneously, including multiple ChargePoint CP6000 charging stations. The CP6000 delivers 60% faster charging than a typical Level 2 station and features ChargePoint’s Omni Port connector system, allowing any modern EV to charge without an adapter.

“Expanding charging access for both staff and the public helps address range anxiety and closes infrastructure gaps, which remain key barriers to widespread EV adoption,” said Wayne Nastri, South Coast AQMD Executive Officer. “This is a critical step toward reducing transportation-related emissions. The transportation sector accounts for about 40% of California's greenhouse gases, with light-duty vehicles representing the largest share at 25-30% statewide.”

All stations are managed through the ChargePoint Platform, ChargePoint’s next-generation, flexible software solution designed to provide real-time insights, remotely monitor performance to ensure functionality, and respond to customer needs. Features like intelligent station monitoring and control give South Coast AQMD enhanced visibility into station utilization and performance, and ChargePoint’s innovative Waitlist enables South Coast AQMD employees to easily join a virtual queue, receiving notifications when a charger becomes available via the ChargePoint mobile app.

Enhanced accessibility features of South Coast AQMD’s charging sites include ADA-compliant spacing, signage, and charger placement, to ensure equitable access for all users. Details and locations of the South Coast AQMD ChargePoint locations can be found via the ChargePoint mobile app.

ChargePoint | https://www.chargepoint.com/

South Coast AQMD | www.aqmd.gov

Dimension Energy (Dimension), a leading community solar developer, owner, and operator, announced it has secured its largest construction and term financing, $650 million, to support a 132MW portfolio of 25 community solar projects in Pennsylvania, New York, New Jersey, and Illinois. First Citizens Bank, Mitsubishi UFJ Financial Group, Inc. (MUFG), ING Capital LLC, and National Bank of Canada provided $415 million in debt financing, joined by first-time Dimension partner Franklin Park, which contributed $235 million in tax equity.

“Our largest project financing to-date is a testament to Dimension’s track record and the critical role distributed generation plays in solving America’s energy crisis,” said Rafael Dobrzynski, Co-Founder and CEO of Dimension Energy. “We’re thrilled to welcome Franklin Park as a new partner and to continue our strong relationships with First Citizens Bank, MUFG, ING, and National Bank of Canada.”

The value proposition of community solar continues to grow as U.S. electric prices reach historic highs. Community solar projects provide subscribers with immediate savings on their utility bills and generate power close to where it is used, minimizing the need for costly long-distance transmission infrastructure. Dimension’s projects are frequently developed and brought online in as little as 18 months.

“Dimension Energy is a leader in delivering clean power through their community solar projects across the U.S.,” said Mike Lorusso, Group Head of Energy Finance at First Citizens Bank. “Our team is committed to delivering tailored financing to help clean energy innovators achieve their growth objectives. We are excited to continue our long-standing relationship with Dimension Energy by providing financing to support this latest portfolio of projects.”

“MUFG is pleased to have acted as a coordinating lead arranger (CLA) for the successful closing of Dimension Energy’s latest landmark project. Distributed power generation—and community solar in particular—is a growing segment of the renewable energy market that plays a vital role in meeting U.S. energy needs and enables the participation of a wide range of community members. We look forward to continuing to support Dimension’s ambitious growth in the industry,” said Fred Zelaya, Managing Director – Project Finance, MUFG.

“We are proud to have supported Dimension across multiple financings over several years, and to continue that partnership with the successful closing of this most recent transaction,” said Nada Elreedy, Director Renewables & Power, ING Capital LLC. “Dimension’s ability to deliver high‑quality portfolios across markets has positioned them as a well‑established leader in the sector, and we are pleased to continue supporting their growth through our ongoing relationship”

“National Bank of Canada is proud to support Dimension Energy on its most recent community solar portfolio,” said John Hunt, Managing Director, Project Finance at National Bank of Canada. “Building on our long-term partnership with Dimension, this financing underscores our commitment to promoting sustainable development by actively supporting our clients across the renewable energy sector.”

“Franklin Park is proud to partner with Dimension Energy on this portfolio of community solar projects,” said Neil McQueen, Vice President, Franklin Park Infrastructure. “Dimension is a leader in solar development and operations, and their proven platform makes them an ideal partner for us as we increase our investments in distributed clean energy assets.”

This transaction underscores Dimension Energy’s continued ability to scale high‑impact community solar through strong capital partnerships and disciplined execution. With this financing, Dimension advances its mission to deliver affordable, locally generated clean energy while expanding access to reliable infrastructure across key U.S. markets.

CG/ CRC-IB acted as the exclusive financial advisor to Dimension. Stoel Rives LLP served as counsel for Dimension, Foley & Lardner LLP served as counsel for the lender group, and McDermott Will & Schulte served as counsel for Franklin Park. Enertis Applus + acted as the independent technical advisor for the projects.

Dimension Energy | www.dimension-energy.com

NeoVolta Inc. (NASDAQ: NEOV) (“NeoVolta” or the “Company”), a U.S.-based energy technology company delivering scalable energy storage solutions, announced it has received its first purchase order from Luminia LLC (“Luminia”), a California-based leader in distributed energy development, under the strategic supply collaboration the two companies announced in December 2025.

The purchase order, valued at approximately $1.9 million for 40 units of NeoVolta's NVGAIN-125K261 commercial and industrial battery storage system, represents the first definitive commercial transaction to emerge from the December 2025 collaboration framework and a critical validation of NeoVolta's integrated C&I platform strategy. This milestone accelerates NeoVolta's entry into the commercial and industrial storage segment, demonstrates the Company's ability to generate near-term C&I revenue using its existing certified product portfolio, and lays the groundwork for a broader, long-term strategic collaboration with one of the most active C&I energy storage developers in the United States.

Unlocking the Broader Opportunity: From Supply Agreement to Strategic Collaboration

In December 2025, NeoVolta and Luminia announced a strategic supply collaboration framework under which NeoVolta would receive a right of first refusal to supply battery energy storage systems across Luminia's portfolio of California solar-plus-storage projects, representing up to 160 MWh of potential supply and approximately $39 million in potential equipment revenue. Today's purchase order is the first concrete step related to that framework.

Luminia operates as a platform-scale developer with a substantial contracted demand base and a growing active project pipeline across California's commercial, municipal, and community energy storage market. The company's development activity positions it as one of the more significant participants in the U.S. C&I distributed storage segment, and NeoVolta views the relationship as a platform for sustained, multi-year demand rather than a series of isolated transactions.

While this initial purchase order reflects the existing supply collaboration framework, both companies expect the relationship to evolve into a deeper strategic relationship encompassing joint project execution, expanded product deployment, and integrated C&I solutions as NeoVolta's Georgia manufacturing facility ramps toward mid-2026 production.

A Validation of NeoVolta's Integrated C&I Strategy

The C&I energy storage segment represents a significant and growing market opportunity, one that has historically been underserved by both residential installers and large utility-scale EPC firms. Demand for bankable, FEOC-compliant, domestically sourced solutions is accelerating, and NeoVolta believes its integrated platform is uniquely positioned to meet it.

By combining a certified, market-ready product portfolio with an established developer partner offering turnkey EPC and project financing capabilities, NeoVolta is able to offer C&I customers fully structured, bankable energy storage solutions. The Company's Georgia manufacturing facility, on track for a mid-2026 production ramp, will further strengthen this position by adding domestic supply capacity aligned with IRA incentive frameworks.

This purchase order is tangible evidence that this strategy is working. NeoVolta is winning C&I business now, with existing products, ahead of its manufacturing ramp, and alongside a partner with one of the most active project pipelines in the U.S. C&I market.

“Receiving this first purchase order from Luminia is a significant milestone that validates both our C&I strategy and the strength of our relationship,” said Ardes Johnson, Chief Executive Officer of NeoVolta. “When we announced our collaboration with Luminia in December, we described it as a platform capable of driving sustained demand over time. This purchase order is the first evidence of exactly that, and we expect this relationship to continue to deepen as we bring our Georgia manufacturing facility online and expand our integrated C&I solutions.”

“This first purchase order is an important step in executing a programmatic deployment model we’ve built to scale across commercial and community portfolios,” said David Field, CEO and Co-Founder of Luminia. “The demand we are seeing from C&I customers for domestically sourced, fully certified battery storage solutions is real and growing and this order marks the beginning of a repeatable project pipeline with NeoVolta.”

Accelerating NeoVolta's Multi-Vertical Platform

This transaction is a meaningful proof point in NeoVolta's broader strategy to build a vertically integrated energy solutions platform spanning residential, commercial and industrial, and utility-scale markets. NeoVolta's C&I approach is built on partnering with established project developers and financing platforms such as Luminia, enabling the Company to offer customers fully structured, bankable energy storage solutions rather than simply supplying hardware.

The Luminia relationship also provides forward demand visibility that supports production planning at NeoVolta's Georgia manufacturing facility, where initial 2 GWh annual capacity – scalable to 8 GWh subject to additional capital investment and operational milestones – is expected to ramp in mid-2026.

NeoVolta will supply 40 units of the NVGAIN-125K261 under this purchase order, including on-site commissioning support across selected sites. The Company will provide updates on material developments under the broader Luminia collaboration as they occur.

NeoVolta | www.neovolta.com

Luminia | https://luminia.io