The Solar Product Registry Set to Boost Solar Deployment

Greenbacker Renewable Energy Company LLC ("Greenbacker"), an energy transition-focused investment manager and independent power producer (“IPP”), announced the appointment of Daniel de Boer as Chief Executive Officer (“CEO”). Upon appointment, de Boer tapped experienced energy industry executive Carl Weatherley-White for the role of Greenbacker’s Chief Financial Officer (“CFO”). The leadership transition affirms the company’s ongoing strategic direction and supports the continued growth of its clean energy investment platform.

After an extensive process reviewing internal and external candidates for the CEO role, Greenbacker’s Board of Directors (the “Board”) selected de Boer, an industry veteran with nearly two decades of experience in private equity and renewable energy investment. De Boer has also joined the Board as a director. The Board had previously appointed him to the position of Greenbacker’s interim CEO earlier this year, following the retirement of company co-founder Charles Wheeler. De Boer joined Greenbacker in late 2023, in the newly created role Head of Infrastructure, overseeing the company’s sustainable infrastructure investments and optimizing its existing fleet of assets.

“Dan’s appointment reflects the strength of Greenbacker’s senior leadership team and the conviction, discipline, and strategic focus with which we’re pursuing the next phase of growth,” said Robert Brennan, Board Chairman. “His experience, judgment, and deep sector knowledge position us to build on Greenbacker’s momentum and deliver long-term value for our investors and partners.” 

De Boer’s leadership coincides with a period of purposeful transformation at Greenbacker, as the firm sharpens its organizational structure and investment focus to better support continued long-term growth and profitability. Over the past year, Greenbacker has undertaken a comprehensive operational review, restructured leadership, and aligned its business around core investment priorities. In early 2025, de Boer was named Chief Investment Officer of Greenbacker’s investment management business, Greenbacker Capital Management, a position he continues to hold in conjunction with his role as Greenbacker CEO.

“Greenbacker has built a strong foundation by acquiring, developing, owning and operating gigawatts of solar, wind, and battery storage assets, while also creating bespoke fund strategies to better serve the energy transition market,” de Boer said. “Today, we’re building on that foundation with even greater clarity, integration, and purpose. In a more complex market, our ability to utilize our scale to drive impact will set us apart. That strength comes from our in-house operations expertise, long-standing relationships with finance and development partners, and the captive growth opportunities available within our existing portfolio. I’m excited to lead Greenbacker through its next chapter, building a more secure and sustainable energy future, while capitalizing on the opportunity set we see in the energy transition market to deliver for our shareholders.”

Prior to joining Greenbacker, de Boer served as Head of Renewables at Allianz Capital Partners of America, where he was instrumental in shaping the strategic direction of energy transition investing in the Americas. His career has also included leadership roles and positions at Onyx Renewable Partners (within Blackstone Energy Partners) and D.E. Shaw Renewable Investments. Additionally, de Boer and Weatherley-White previously worked together for several years at global energy infrastructure firm VivoPower International.

Weatherley-White joined Greenbacker in early 2024, as the company’s Head of Capital Markets, before being named interim CFO earlier this year. He has worked in the private equity and renewables investing spaces for decades and has served as an executive with five private equity-backed renewable development companies, including holding the positions of CEO or CFO at four of those firms. He also served as global head of project finance at Lehman Brothers and Barclays, providing financial advice and capital raising for global energy companies.

“I’m honored to step into the role of CFO at such a pivotal time for our company and I’m energized by the opportunity to help navigate the opportunities in today’s market,” said Weatherley-White. “I look forward to leveraging the strengths Greenbacker has built over the years while finding new ways to deliver clean power for our communities, create greater value for our shareholders, and put investor capital to work building the infrastructure of the energy transition.”

In 2024, Greenbacker increased its annual homegrown clean power production by 23%, as the company brought online nearly two dozen new solar assets and completed the third and final of its milestone wind repowers, which contributed to double-digit increases in annual revenue. In early 2025, the company announced it had secured nearly $1 billion in financing to acquire and construct the largest solar project in New York State to date: Greenbacker’s 674 MW Cider solar farm. Cider, which was recently named 2024 North American Solar Deal of the Year by Proximo, broke ground in late 2024 and is expected to enter operation in late 2026.

Greenbacker’s portfolio of clean energy projects represents approximately 2.9 gigawatts (“GW”)i of clean energy generation and storage capacityii across 30 states, territories, provinces, and Washington, D.C. The company’s assets have cumulatively produced more than 13 million MWh of power,iii abating over 8 million metric tons of carboniv and conserving more than 9 billion gallons of water.v Greenbacker’s projects currently support, or are expected to support, thousands of green energy jobs,vi and its business operations have driven more than $170 million in spend with U.S.-based manufacturers and suppliers, directly supporting American industry and strengthening domestic supply chains, while advancing homegrown energy deployment.

Greenbacker Renewable Energy Company | https://greenbackercapital.com

Dow (NYSE: Dow) launched DOWSIL EG-4175 Silicone Gel, a highly reliable protective solution for next-generation insulated gate bipolar transistor (IGBT) modules that operate at higher voltages. This new advanced material resists the higher temperatures associated with these IGBTs and supports greater reliability, lower power losses and higher power efficiencies in electric vehicle (EV) batteries and inverters for photovoltaic (PV) panels and wind turbines.

Dow’s new DOWSIL EG-4175 Silicone Gel withstands temperatures up to 180°C and expands Dow’s growing portfolio of solutions for power electronics. The material also absorbs vibrations and has self-healing properties that repair small cracks without external intervention. It features self-priming adhesion for enhanced module protection and cures at room temperatures for excellent energy efficiency. Heat-accelerated curing may also be used to reduce cycle times.

“Dow is upgrading our IGBT materials portfolio to address the emerging trend toward achieving higher power densities,” said Cathy Chu, global strategic marketing director, Consumer & Electronics, Dow. “With its higher-temperature resistance compared to incumbent materials, this new silicone gel will enable our customers to design and manufacture higher-density IGBT modules with greater power system efficiency. This demonstrates Dow’s commitment to advancing the EV and renewable energy sectors, both of which contribute significantly to global carbon reduction.”

The launch of DOWSIL EG-4175 Silicone Gel supports key trends in EVs and renewable energy. In EVs, battery voltages are increasing from 400V to 800V to enable more efficient main inverter and faster battery charging. In PV panels and wind turbines, the power densities of inverters are increasing. This improves power efficiency and supports the handling of greater electrical loads. With higher junction temperature associated with higher voltages and greater electrical loads of the 7th generation IGBT technology, a silicone gel needs to have strong dielectric properties and enhanced thermal resistance.

Dow’s portfolio of silicone-based dielectric gel products provides thermal resistance, electrical insulation, encapsulation, stress relief, and mechanical and environmental protection. The company’s advanced DOWSIL EG-4175 Silicone Gel builds on these properties to provide several other advantages, including high-temperature resistance, low levels of silicone oil bleed and adhesion without a primer. Gels are a special class of encapsulant that can cure to an extremely soft material while providing the dimensional stability of an elastomer.

DOWSIL EG-4175 Silicone Gel joins DOWSIL EA-7158 Adhesive, an existing product, as part of Dow’s total solution for IGBT modules. DOWSIL EA-7158 Adhesive is a one-part, high-strength silicone product that provides excellent primerless adhesion to many substrates. This solvent-free, non-flowing material cures rapidly with heat and is translucent in color.

Both DOWSIL EG-4175 Silicone Gel and DOWSIL EA-7158 Adhesive are available globally.

Dow | www.dow.com

Ampion Renewable Energy, a leading provider of community solar management solutions, announces the launch of its innovative Synthetic Community Solar product. This initiative enables solar developers to optimize project economics by expanding access to solar credits for subscribers across state lines, while providing additional savings for low-income households. With the Inflation Reduction Act’s major incentives for solar developers expiring, Synthetic Community Solar offers developers an opportunity to meet the Category 4 Investment Tax Credit (ITC) requirements more quickly.

"Our new product expands the reach of community solar by deploying it across state programs, and solves a geographic problem that has historically limited developers' ability to finance community solar assets in communities where low-income acquisition is challenging," said Nate Owen, CEO and Founder of Ampion. "We're grateful to offer a solution that helps developers navigate the complexities of community solar across different state programs while providing additional savings to low-income subscribers. This initiative directly supports our mission of making renewable energy accessible everywhere, for everyone."

Traditionally, the community solar subscriber's utility account needs to be located within the same utility territory and state as the solar farm. With Synthetic Community Solar, Ampion’s cross-state flexibility helps low-income households get the financial benefits of a project located in a different state or utility territory.

The product is especially useful when a solar farm is located in an area where low-income subscriber acquisition is prohibitively expensive or difficult. Developers can leverage Synthetic Community Solar to easily earn the Category 4 ITC incentive. Ampion works with the utility to transfer funds, in the form of utility credits, to eligible, low-income subscribers in another region. Synthetic Community Solar helps developers qualify for both federal and state incentives.

Synthetic Community Solar is already delivering results for developers and subscribers. A 2.5 MW (dc) installation in Maine is providing Ampion subscribers in Illinois with solar credits on their electricity bills, demonstrating how Synthetic Community Solar bridges geographic gaps. For this particular Maine project, Ampion transfers funds from the developer to income-qualified households in Illinois, providing them with savings on their electricity bills. Through Synthetic Community Solar, these subscribers receive a discount of up to 20% off the solar credits produced by the site.

Category 4 of the Inflation Reduction Act gives solar developers bonus tax credits for Qualified Low-Income Economic Benefit Projects, or solar and wind facilities that direct at least 50% of the financial benefits to subscribers. Synthetic Community Solar helps developers meet these incentive requirements faster while improving long-term site viability and returns through the Investment Tax Credits.

Ampion | ampion.net

Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, announced a partnership with EnerWealth Solutions, a North Carolina-based solar development company, to launch the state’s first residential solar plus storage lease program.

The partnership is designed to create a robust and growing pipeline of solar and storage projects across North Carolina, bringing affordable, resilient clean energy to thousands of homeowners. The inclusive lease model requires no upfront costs or credit checks, includes a production guarantee with maintenance, and features on-site battery storage for added reliability.

Chris Hayes, Chief Executive Officer of Spruce, said, “This new Spruce PRO customer win leveraged our decade-plus experience in management of our wholly owned residential solar assets. We see growing market interest in our suite of services, which we tailor for third-party owners of distributed generation assets. The agreement is a great example of how our strength in servicing reduces project risk and helps secure financial backing for project development. With Spruce PRO managing the administration, EnerWealth is better able to focus its resources on solar origination. We are delighted to support EnerWealth in its calling, and pleased to work with an organization that shares our values.”

Ajulo Othow, CEO & Founder of EnerWealth Solutions, said, “EnerWealth is a local, mission-driven company focused on supporting homeowners. We believe solar energy should be accessible and affordable to all and are committed to bringing clean energy opportunities to homeowners through our offering of the first solar plus storage lease in North Carolina. We appreciate that Spruce Power customized a servicing solution to meet our needs.”

Through its Spruce PRO channel, Spruce will deliver the operational infrastructure that enables EnerWealth to scale rapidly while maintaining exceptional homeowner experiences. This includes billing and collections, homeowner support, remote monitoring and remote technical support; all backed by Spruce’s experience managing approximately 145,000 residential solar assets nationwide.

Spruce Power | www.sprucepower.com

EnerWealth Solutions | www.enerwealthsol.com

ClearGen Holdings LLC, a sustainable infrastructure capital provider, has entered into a multi-year $150 million partnership with Davis Hill Development (DHD), a wholly owned subsidiary of Skyview Ventures, to finance community and commercial solar projects. The partnership will support the construction of DHD's near term distributed solar pipeline of over 245 MW in core Northeast and Mid-Atlantic markets, as well as other targeted regions across the US.

This multi-year agreement reflects the accelerating demand for distributed solar as businesses and communities seek cost savings, energy resilience, and meaningful contributions to decarbonization. By combining DHD's proven expertise in navigating complex markets with ClearGen's flexible capital solutions, the partnership will unlock new opportunities for community solar access while delivering long-term economic and environmental value.

"At DHD, we've built a platform known for delivering high-quality distributed energy projects in complex markets, guided by strong values and deep relationships," said Matt Coleman, CEO of Davis Hill Development. "This partnership gives us the committed capital to confidently execute our growing pipeline. As we scale, it's important to align with partners who understand our vision and way of doing business. ClearGen brings the transparency, flexibility, and long-term support that help us grow while staying true to what makes our platform successful."

"We have been extremely impressed by DHD for their experience, commitment, and success," said Rob Howard, CEO of ClearGen. "Our mission is to support innovative energy developers that bring meaningful, economic solutions to market, and this partnership enables the expansion of distributed generation in underserved and high-impact areas."

The partnership is already underway with the first joint project expected to be operational by the end of this year: a 292 kW rooftop solar array on a warehouse building in Washington, D.C. The system will feature 536 Longi 545W modules and is designed to avoid more than 213,000 pounds of CO₂ emissions annually–equivalent to offsetting 224 barrels of oil or powering 20 homes each year. In addition to the environmental benefits, the project creates new revenue for the property by capturing value that had previously been left on the table. This early milestone highlights how ClearGen and DHD are working together to accelerate clean energy adoption while delivering measurable financial returns for property owners.

The alliance expands ClearGen's growing portfolio of clean energy investments–broadening its geographic reach–and reflects its continued focus on advancing decarbonization, energy access, and long-term financial sustainability.

JLL (formerly Javelin Capital) served as exclusive financial advisor to Davis Hill Development on the transaction.

Davis Hill Development | www.davishilldevelopment.com

ClearGen | https://clear-gen.com

Swift Current Energy (Swift Current) announced that it has secured $242 million in project financing for its 150 MW / 600 MWh Prospect Power Storage facility. The energy storage project, located in Rockingham County, Virginia, is currently under construction and is expected to reach commercial operation in 2026.

Truist Securities, Canadian Imperial Bank of Commerce (CIBC), KeyBank, and Natixis acted as Joint Coordinating Lead Arrangers. Prospect Power, located on private land, holds a 15-year power purchase agreement with Dominion Energy Virginia.

Prospect Power represents a substantial private investment in Rockingham County and will support local grid reliability, as Dominion Energy is set to add a record amount of new power projects in response to growing customer demand. Over the life of the project, Prospect Power is expected to contribute millions of dollars in additional tax revenue to the Rockingham County community. Swift Current is proud of its engagement in the local community, including through its multi-year support of the Rockingham County Fair, the largest county fair in Virginia.

Eric Lammers, CEO and Co-Founder, Swift Current Energy, said, "We set ambitious goals at Swift Current Energy and today we are proud to recognize the achievement of project financing for our 600 MWh Prospect Power facility. Through our contract with Dominion Energy, Prospect Power will strengthen the local electric grid. We thank the banks we have worked with for years, as well as Dominion Energy and the local Rockingham County community, for trusting us to bring this project to completion."

Marwan Alaydi, Senior Vice President of Engineering & Technology, Swift Current Energy, added, "Swift Current is steadily growing our energy storage portfolio and Prospect Power, which­ will be the largest battery energy storage facility in Virginia and the PJM service area, ­is emblematic of our efforts to execute energy storage projects where and when they are needed most. Situated in one of the fastest-growing markets for electricity, Prospect Power will support local and regional grid reliability."

In 2023, Swift Current acquired Prospect Power from Clean Planet Renewable Energy, LLC, a joint venture between Open Road Renewable Energy, LLC, and Eolian, L.P. (Eolian).

Aaron Zubaty, CEO, Eolian, said, "Development of the grid-strength Prospect Power battery energy storage site began in 2018 to deploy fast-responding and flexible capacity to support increasing load growth in the region. This facility will be the largest battery energy storage project constructed in Virginia to date, supporting American energy dominance by efficiently using the existing transmission lines to open up capacity on the grid for all types of power generation."

Uzoma Enyinna, Director, Project Finance, Truist Securities, added, "Prospect Power is a landmark project, not just for Virginia but for the broader PJM market. We are honored to have supported Swift Current in this financing effort, enabling a project that delivers meaningful grid benefits while also supporting local investments and economic development."

Morgan Lewis served as the legal counsel for Swift Current. Paul Hastings was the legal counsel for the lenders.

Swift Current Energy | swiftcurrentenergy.com

Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) announced that e-STORAGE, which is part of the Company's majority-owned subsidiary CSI Solar Co., Ltd. ("CSI Solar"), will launch its next generation modular battery, FlexBank 1.0, at RE+ in Las Vegas next week. The new system is expected to be ready for deployment in 2026.

Expanding e-STORAGE's BESS solution portfolio, FlexBank 1.0 is a scalable energy storage platform designed to meet the needs of diverse utility-scale applications. It delivers up to 8.36 MWh energy capacity. The new modular open-frame architecture enables each cabinet to function as an independent building block, greatly simplifying logistics and installation. The FlexBank platform also serves as a foundation for e-STORAGE's next-generation battery cell technologies that will feature higher amperage in a larger form factor and superior performance characteristics.

Built on e-STORAGE's proven 314Ah Lithium Iron Phosphate (LFP) cell technology, FlexBank 1.0 enhances safety through a multi-tiered protection system. Within each cabinet, cells are protected by heat barriers, a three-level electrical protection system, and advanced cell-level precision management. The modular design is engineered to prevent thermal propagation between cabinets, substantially mitigating fire risk.

In addition, FlexBank 1.0's skid-mounted design enables rapid on-site assembly and versatile layout configurations, including side-by-side and back-to-back installations. This flexibility reduces EPC costs while maximizing project energy density. The system is fully compatible with power conversion systems, ensuring seamless integration for both new deployments and site augmentations.

Colin Parkin, President of e-STORAGE, stated, "FlexBank 1.0 is the strategic evolution of our utility-scale energy storage platform, engineered to address our customers' critical needs for safe, adaptable, and cost-effective solutions. By dramatically simplifying deployment, we are providing a more reliable and adaptable technology that will accelerate the global transition to renewable energy and deliver tangible value for developers and investors."

FlexBank 1.0 will be unveiled at RE+ 2025 in Las Vegas, Nevada, from September 9 to September 11, 2025. Visit Canadian Solar's booth V10031 to learn more.

Canadian Solar | www.canadiansolar.com

e-STORAGE | www.csestorage.com