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2025 was a roller-coaster year for US renewables. The economic landscape for the sector, which had already been shifting over the last couple of years, has changed significantly. The phase out of financial support from state and federal governments, combined with higher interest rates and the increased cost of capital, has eaten into project returns and has pushed costs back onto developers. In fact, whereas pre-2020 renewables projects saw Inter....
In the wind industry, building sustainable systems involves more than just constructing turbines; it also entails developing and implementing effective maintenance strategies. For renewable energy companies to thrive, they need a workforce of well-trained wind or turbine technicians to develop, operate, and maintain critical infrastructure. To build sustainable systems that power the future of energy, wind energy companies must first inv....
Over the past decade, wind energy has evolved from a niche technology to a core pillar of global clean power. According to the Global Wind Energy Council, its installed capacity has more than doubled since 2013 to exceed 1,000 gigawatts in 2024. As turbines spread across plains, coasts, complex terrain, and offshore sites, the challenge is not just generating power but predicting how much wind will actually arrive. Precision forecasts help develo....
Energy Storage
FranklinWH Energy Storage Inc.
Energy Storage
Claude Colp
Energy Storage
TRC Companies
Marathon Capital and NorthStar Clean Energy announced the successful tax equity financing and tax credit sale for NorthStar’s Branch Solar and Genesee Solar projects in Michigan. The Branch Solar project, a 200 MWac facility in Branch County, will be NorthStar’s largest solar asset to date, and the Genesee Solar project, a 41 MWac facility in Genesee County.
The transactions advance NorthStar’s buildout of its U.S. renewable energy portfolio and reflect the market’s confidence in the company’s ability to develop, finance, and operate high quality clean energy assets at scale.
Marathon Capital served as financial advisor to NorthStar, supporting the structuring and execution of the financing packages for both projects. The financings are designed to optimize capital efficiency and accommodate NorthStar’s long-term ownership strategy.
“We’re proud to have advised NorthStar Clean Energy on these milestone transactions for Branch and Genesee,” said Wayne Chomitz, Managing Director, Marathon Capital. “NorthStar is a well-established developer and independent power producer with a strong track record. Their disciplined approach to development and operations, combined with deep market expertise and relationships, made for highly efficient processes and robust investor interest.”
“Branch and Genesee demonstrate our ability to move efficiently from development through financing into construction and operations,” said Brian Hartmann, President & CEO of NorthStar Clean Energy. “As a seasoned developer and independent power producer, NorthStar leverages extensive lender, tax equity, tax credit transfer, and offtake relationships to deliver bankable structures that lower cost of capital and create long-term value for our customers and investors. Marathon Capital’s market reach and execution expertise were instrumental in achieving attractive outcomes on both projects.”
By providing low-cost carbon free power, the projects support local economies, reduce energy costs, and contribute to the customers’ long-term energy and sustainability goals.
Marathon Capital | https://marathoncapital.com/
NorthStar Clean Energy | https://northstarcleanenergy.com/
Bimergen Energy Corporation (NYSE American: BESS, BESSWS), a developer, owner, and operator of utility-scale and distributed battery energy storage systems (BESS) across the United States, announced the acquisition of eight late-stage 9.9 MW distributed generation (DG) battery energy storage projects from Aggreko’s IPP Solutions business, strategically positioned in the ERCOT South region of Texas. The acquisition of these development projects further demonstrates the strength of Bimergen’s growth strategy. The acquisition was financed through Bimergen’s JV with RelyEZ. The projects will use RelyEZ’s lithium-based utility-scale batteries.
The portfolio represents approximately 79.2 MW of total nameplate capacity and quickly expands Bimergen’s advanced development pipeline. Five projects are anticipated to achieve In Service Date (ISD) in late 2026, with the remaining three expected in early 2027. The projects are strategically positioned to provide essential grid stability, support renewable integration, and address accelerating power demand in one of the nation’s fastest-growing and most capacity-constrained energy markets.
Bimergen plans to award construction contracts for the projects in the near future, advancing the portfolio into the build phase and reinforcing the Company’s execution momentum toward commercial operation.
“The acquisition and simultaneous closing of these eight late-stage 9.9 MW DG projects represents a major milestone for Bimergen and significantly strengthens our presence in the high-opportunity ERCOT market,” said Cole Johnson, Co-CEO and President of Bimergen Energy. “Closing these assets with our financing parties underscores the depth of our industry relationships and our ability to efficiently advance strategically positioned projects toward near-term revenue generation.”
“This transaction highlights the scalability of our distributed storage strategy and the alignment we have built with our industry partners,” added Bob Brilion, Co-CEO of Bimergen Energy. “By incorporating these advanced-stage DG assets into our portfolio in a simultaneous closing, we are positioning Bimergen to capture substantial value while contributing meaningfully to Texas’ evolving energy landscape.”
ERCOT South continues to experience robust demand for flexible energy resources driven by economic growth, industrial expansion, and rising renewable penetration. Bimergen’s expanded distributed generation footprint aligns with the Company’s strategy to develop, own, and operate standalone BESS projects that provide critical services including frequency regulation, voltage support, energy arbitrage, and peak capacity support.
Bimergen Energy Corporation | www.bimergen.com
Aikido Technologies (Aikido), an offshore infrastructure provider, unveiled AO60DC, a first-of-a-kind floating offshore wind platform designed to co-locate AI-grade compute with floating wind generation and integrated battery storage. The AO60DC is designed to host 10–12MW of AI-grade compute alongside a 15–18MW+ wind turbine and integrated battery energy storage. Designed for farms consisting of 30MW to more than 1GW of IT load, the technology offers a pathway to sovereign, gigawatt-scale AI infrastructure built directly at the source of renewable energy, solving rapid growth in demand for high-density AI infrastructure.
Developers find it increasingly difficult to obtain energy, land, and water to build such mega-campuses, especially close to load centers. Offshore, however, energy, cooling and space are abundant and the ocean acts as an infinite heat sink. Around the world, areas pre-designated for floating wind deployments can instead be immediately used for datacenters.
The onboard wind turbine and BESS are designed to power the compute load for the majority of operating hours, with a grid connection used primarily during summer months. Batteries can also be pre-charged ahead of grid stress events, which can significantly shorten effective grid connection timelines for new capacity. The units can be deployed within 200mi (<10ms RTT) of major compute load centers in sovereign waters around the world, allowing many energy-constrained countries to deploy AI infrastructure.
“Before we go off-world, we should go offshore,” said Sam Kanner, CEO of Aikido Technologies. “First movers in the O&G industry exploited deepwater resources over 40 years ago and reaped massive benefits. Aikido is well positioned to integrate proven, offshore components with typical data hall construction techniques to build GW-scale AI factories faster, cleaner, cheaper and more efficiently than conventional techniques.”
By combining Aikido’s proprietary wind turbine substructure and the data center enclosure into a single steel unit, the design will reduce both capital and operating costs while simplifying integration. The data halls can be pre-fabricated in a factory and lifted into place during the final integration. The units can be deployed in sovereign waters, leveraging over 50GW of sites around the world, already designated for this type of deployment, streamlining the permitting and grid connection processes.
At the core of the concept is Aikido’s modular “flat-pack” semi-submersible floating platform, which can be assembled up to ten times faster than conventional offshore structures. The approach is intended to support accelerated deployment timelines for AI and energy infrastructure. Semi-submersible offshore platforms are the most universal and proven offshore platform type, with O&G and floating wind operators successfully deploying such platforms at sites around the world for 25+ years.
The platform is expected to reach a power usage effectiveness (PUE) of below 1.08, enabled by a passive primary cooling system that transfers heat through the steel hull into the surrounding seawater. Thermal impact is expected to be limited to a localized area extending only a few meters from the structure. Given the generation of local construction and maintenance jobs, their location far offshore, with minimal visual impact or environmental disturbances, and the potential to provide additional, low-cost power, the datacenters can be net positive for coastal communities and cities.
The units can be installed and serviced using vessels already active in offshore wind and deepwater O&G industries, enabling maintenance response times comparable to conventional data centers. The platforms can be manned for days a time to ensure that individual servers have uptime that meet the typical standards in the datacenter industry. The integrated data halls are also engineered to provide the highest level of physical security.
A proof-of-concept unit is currently under development in Norway and is scheduled for deployment later this year. Aikido is a member of the NVIDIA Inception program, and the company has already received early interest from AI inference customers.
The first commercial project is targeted for the UK, with a planned operational date of 2028. A site has already been identified and detailed engineering and commercial discussions are underway.
Aikido Technologies | https://www.aikidotechnologies.com/
GrandBridge Corporation ("GrandBridge") and PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company") are pleased to announce an agreement to jointly develop and invest in solar energy and battery storage projects in Ontario (the "Agreement").
Highlights of the Co-Development Agreement:
GrandBridge Corporation | grandbridgecorporation.com
PowerBank Corporation | www.powerbankcorp.com
Fernando Melo, the Canadian Renewable Energy Association’s Senior Director of Public Affairs and Federal Policy, has issued the following statement on the Memorandum of Understanding on Clean Energy Cooperation signed today by Canadian Prime Minister Mark Carney and Indian Prime Minister Narendra Modi:
“CanREA welcomes today’s landmark agreement between Prime Ministers Carney and Modi. The Memorandum of Understanding on Clean Energy Cooperation and the commitment to convene a Canada–India Renewable Energy and Storage Summit later this year reflect a clear understanding that Canada’s clean electricity future depends on deeper international partnerships. As electricity demand grows and Canada works to double its supply by 2050, wind, solar and energy storage are the affordable, reliable and clean technologies that will get us there.
“India has demonstrated world-class expertise in large-scale solar deployment, grid-level energy storage and distributed renewable energy. These are precisely the capabilities Canada needs as we modernize and expand our electricity system. Trade and investment partnerships that bring those technologies and supply chain relationships to Canada will accelerate deployment, strengthen our energy security, and help keep power affordable for Canadian homes and businesses. This agreement is good news for the wind, solar and storage industry, and for the workers and communities that depend on a strong, resilient electricity grid.”
Canadian Renewable Energy Association | renewablesassociation.ca
Sungage Financial is proudly celebrating its 15th anniversary, marking a milestone in their mission to make solar ownership accessible, affordable, and simpler for homeowners across the United States. Since its founding on February 28, 2011, Sungage has helped transform residential solar financing by connecting homeowners, solar installers, and capital providers through transparent, consumer-friendly loan solutions.
What began as one entrepreneur’s effort to solve a personal challenge has grown into one of the nation’s leading financing platforms for residential solar projects. Headquartered in downtown Boston, MA with an office in Oakland, CA and teams in Hawaii, Sungage Financial now offers solar, roofing, and battery financing solutions across 42 states and the District of Columbia, supporting thousands of installation partners and homeowners nationwide.
A Vision Born From Experience
Sungage Financial was founded after Sara Ross encountered firsthand the lack of accessible financing options while exploring solar for her own home in 2009.
Determined to create a solution, Ross partnered with her installer and began lending funds directly from her daughter’s college savings account to finance projects for local homeowners. The success of those first loans validated the concept and laid the foundation for Sungage Financial, which became the nation’s first lender dedicated exclusively to residential solar.
Fifteen Years of Growth and Impact
Over the past decade and a half, Sungage has remained focused on the principles that defined its earliest days: strong installer partnerships, responsible lending practices, and an exceptional customer experience. As the clean energy landscape evolved, Sungage expanded beyond solar to support broader home energy solutions, helping homeowners invest in energy independence while managing monthly costs through flexible financing.
Sungage has also built a strong ecosystem of long-term partnerships that reinforce their leadership within the clean energy industry. Partnering with leading global investment firm The Carlyle Group, Sungage has expanded its partner network, integrating with every major solar proposal platform to streamline the sales and financing experience for installers and homeowners alike. The company has developed an extensive distributor network, partnered with 11 distributors to offer a Direct Pay program to installers, and maintains an approved vendor list featuring more than 165 equipment components and over 40 solar panels, ensuring flexibility, quality, and consistency across projects nationwide. These partnerships reflect Sungage’s commitment to sustainable growth and its belief that lasting industry relationships are essential to accelerating clean energy adoption.
Looking Ahead
“This 15-year milestone reflects the dedication of our employees, installer partners, capital providers, and homeowners who believe in the power of solar ownership,” said Sungage CEO Mike Gilroy. “The energy transition is accelerating, and financing plays a critical role in making solar accessible to more households. We’re excited to continue innovating and expanding solutions that help homeowners invest confidently in their homes and the planet.”
As Sungage enters its next chapter, the company remains committed to advancing clean energy adoption through smarter financing, enhanced technology integrations, and continued collaboration with industry partners.
Sungage Financial | https://www.sungage.com/
GE Vernova Inc. (NYSE: GEV) announced approximately $30 million investment in the expansion of its electrification manufacturing facility in Sesto San Giovanni, Italy, to support rising global demand for electrification infrastructure.
The initiative aims to increase production capacity for essential components used in power and generator transformers - bushings - which enable safe and efficient transmission and distribution of electricity. The expansion is expected to create approximately 50 new jobs in Lombardy region, primarily in manufacturing.
“With this investment, we are strengthening a strategic capability within our fastest-growing Electrification segment,” said Philippe Piron, CEO of GE Vernova's Electrification segment. “Sesto San Giovanni plays a central role in our global bushing manufacturing footprint. Expanding capacity here increases supply security for our customers and reinforces our ability to support large-scale power transmission and generation programs worldwide.”
As utilities and energy companies worldwide invest in grid upgrades and modernize power networks to meet rising electricity demand, the need for transformers and substations continues to grow, driving increased demand for bushings, which ensure this high‑voltage equipment operates reliably and safely. The project is expected to introduce additional production lines for advanced dry-type bushings, including Resin Impregnated Paper (RIP) and Resin Impregnated Synthetic (RIS) technologies, covering voltage levels up to 245 kV.
This expansion forms part of GE Vernova’s planned $11 billion investments in capital expenditures and R&D from 2025 through 2028. The announcement follows GE Vernova’s $5.2 billion acquisition of Prolec GE to increase transformer production in the North American market, more than $100 million investments in grid facilities in the United States, and the expansion of its Stafford, UK site to strengthen High-Voltage Direct Current (HVDC) and grid manufacturing capabilities in Europe.
A century of Italian engineering and manufacturing excellence
For more than 100 years, GE Vernova’s Sesto San Giovanni facility has been recognized for engineering quality and manufacturing expertise in high-voltage bushings. The site hosts GE Vernova’s Bushing Center of Excellence and designs, manufactures, and services products used in large-scale power infrastructure projects worldwide, supporting some of the highest voltage applications in the industry.
GE Vernova is a key player in Italy’s energy transition having enabled power generation in Italy for more than 100 years. Currently, approximately 25% of Italy’s power capacity is being provided using GE Vernova technology.
GE Vernova | https://www.gevernova.com/
Alternative Energies Feb 27, 2026
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