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Wood Mackenzie Names Boviet Solar in Top 10 of 2025 Global Solar Module Manufacturer Rankings
Jun 12, 2025

Wood Mackenzie Names Boviet Solar in Top 10 of 2025 Global Solar Module Manufacturer Rankings

Boviet Solar Technology Co. Ltd. (“the Company” or “Boviet Solar”), a leading global solar energy technology company specializing in monocrystalline PV cells and premium Gamma Series Monofacial and Vega Series Bifacial PV modules, announced today that it has been achieved seventh place in the 2025 Wood Mackenzie (WoodMac) Global Solar Module Manufacturer Rankings.

As a global provider of data, analytics, insights, events, and consultancy services for the energy, renewables, and natural resources sectors, Wood Mackenzie’s mission is to provide businesses and governments with reliable and actionable insight and advice to lead the transition to a sustainable future.

Investing in solar PV projects can involve significant costs and risks for both buyers and lenders. Financial institutions are more inclined to support projects using components chosen by clients if they are assured of solar module quality and manufacturer financial strength. Boviet Solar’s recognition as a Top 10 PV Module Manufacturer highlights its reputation as a dependable, long-term partner in the industry—offering high-performance modules that instill confidence in clients and financiers alike.

“We’re truly honored to be recognized once again among the top global PV manufacturers in Wood Mackenzie’s respected rankings of solar suppliers,” said Scott Chen, VP Global Sales, and Marketing. “The solar market has evolved significantly over time, presenting obstacles along the way. As industry veterans, we’re proud to have built a strong track record throughout the past ten years. With our continued focus on research and development, ESG practices, and other strategic goals, we’ll remain positioned for growth while maintaining our financial stability to meet—even surpass—our client expectations as we partner to expand solar development around the world.”

Wood Mackenzie calculates unique scores for each module manufacturer to determine transparent and fair rankings. It also evaluates manufacturers from the buyer’s perspective, contingent on thorough research of what buyers look for when assessing the hundreds of PV module manufacturers on the market. Scoring methodology criteria included: 

  • Capacity utilization
  • Technology maturity
  • Adherence to ESG and CSR
  • Availability of third-party certification
  • Financial conditions
  • Module manufacturing experience in production
  • Supply chain resistance
  • Vertical integration
  • Module manufacturing experience in years
  • Research and development

“It’s a great achievement to be included in Wood Mackenzie’s top rankings among so many global industry players,” said Sienna Cen, President of Boviet Solar USA. “Earlier this year, we opened our 2-GW North American solar module production facility in Greenville, North Carolina. This milestone strengthens our ability to advance our technology, boost production capacity, and deliver more high-quality products to meet the needs of our customers.”

Boviet Solar | https://bovietsolar.com/

Electra and Three Fires Group Advance Canada’s First Indigenous-Led Battery Recycling Venture
Jun 12, 2025

Electra and Three Fires Group Advance Canada’s First Indigenous-Led Battery Recycling Venture

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”) and the Three Fires Group announced significant progress on the Aki Battery Recycling joint venture, the first Indigenous-led lithium-ion battery recycling initiative in Canada. Aki is pioneering a low emission, circular solution for managing battery waste, strengthening domestic supply chains and reducing reliance on offshore processing.

Since launching the joint venture in 2024, key milestones and strategic developments include:

  • Formal establishment of Canada’s first Indigenous-led lithium-ion battery recycling venture, with Reggie George appointed as President and Andre Marais as Director of Strategy & Corporate Development.
  • Shortlisting of technology partners following site visits and comprehensive due diligence on advanced battery recycling platforms.
  • Ongoing engagement with government partners to secure funding for a bankable feasibility study.
  • Evaluation of prospective sites, with plans to co-locate or near-locate the facility alongside lithium-ion battery manufacturers and on or near First Nations lands to maximize regional impact.
  • Integration with Electra’s hydrometallurgical refinery, enabling local processing of black mass into battery-grade materials for OEMs, establishing a fully Canadian closed-loop supply chain.

Under the Aki Battery Recycling joint venture, Three Fires Group and Electra have partnered to establish a First Nations-led lithium-ion battery recycling company. Aki will process lithium-ion battery end-of-life and manufacturing scrap in a state-of-the-art pre-processing facility to produce high-grade copper, aluminum, and steel products through a battery pack and module dismantling process. The remaining material is then put through a shredding process to generate a high value intermediate product known as black mass.

Black mass contains critical minerals such as lithium, nickel, cobalt, manganese and graphite, which can be separated into saleable products through a subsequent refining process. Black mass from the pre-processing facility will be processed at Electra’s hydrometallurgical refinery north of Toronto and then returned to battery manufacturers to establish a localized closed-loop supply chain.

Reggie George has been appointed President of Aki, bringing more than a decade of experience in project management and capital raising. Mr. George is a member of Kettle and Stony Point First Nation and has an accomplished track record with startups in emerging technologies. Through his work with the Three Fires Group, Mr. George has been involved in more than C$3 billion in infrastructure and development projects in Ontario. Andre Marais has been appointed Director of Strategy & Corporate Development for Aki, bringing more than 15 years of experience encompassing both technical and commercial roles.

At the heart of Aki Battery Recycling is a commitment to Indigenous economic participation in the growing battery supply chain. The joint venture reflects a shared vision to create meaningful, long-term benefits for First Nations communities while pursuing innovation to enhance the sustainability of the critical minerals supply chain.

“First Nations participation in Canada’s emerging clean energy economy is essential,” said Reggie George, President of Aki. “The Aki partnership is rooted in mutual respect, shared benefit, and environmental accountability.

“Lithium-ion battery recycling aligns with traditional values of stewardship and responsibility for the land,” George continued. “By reclaiming materials and minimizing waste, Aki embodies a regenerative model of economic growth that supports both people and planet. Through this venture, we are creating long-term opportunities, reclaiming ownership over our resources, and building an economy that is both clean and culturally grounded.”

Three Fires Group will lead capital sourcing efforts and site selection for a state-of-the-art, environmentally friendly recycling facility in Southern Ontario. Electra’s contribution includes technical and commercial expertise as well as a refining solution to ensure that critical minerals from recycled batteries remain in the domestic supply chain. Aki’s pre-processing facility is designed for scalability and replication, with plans to expand operations in step with the growing demand for lithium-ion battery recycling.

In its initial phase, the proposed facility will recycle enough lithium-ion battery scrap to supply up to 100,000 new electric vehicles each year.

“Ontario currently has no battery recycling capabilities, even as projections show the province could generate up to 30,000 tonnes of battery scrap annually by 2030,” said Andre Marais, Director of Strategy & Corporate Development. “By aligning recycling capacity growth with gigafactory expansion, Aki addresses a critical supply chain gap and positions Ontario as a leader in the responsible recovery of battery materials essential to the energy transition.”

Aki has established a shortlist of technology partners aligned with a commitment to low-emissions processing and high-quality black mass production. Site selection is also advancing, with a focus on a limited number of locations in Southern Ontario near emerging gigafactories, maximizing proximity to key customers and economic benefits for surrounding communities.

Building on the joint venture’s initial scoping study, Aki is now engaged in discussions with government partners to secure funding for a bankable feasibility study on the pre-processing facility. The project is well-aligned with several Canadian funding streams, including regional economic development programs and Indigenous loan guarantee programs at both the federal and provincial levels, many of which prioritize clean technology and Indigenous-led infrastructure.

Electra’s hydrometallurgical refinery north of Toronto will process black mass produced by Aki, which is anticipated to result in one of the lowest carbon footprint recycling supply chains in the world. The black mass will be treated using Electra’s proprietary process to recover critical minerals that can be reintroduced into the battery supply chain.

“The integration of Aki’s upstream black mass production with Electra’s downstream hydrometallurgical refining creates a vertically aligned, closed-loop system optimized for efficiency, traceability, and material recovery,” commented Dr. George Puvvada, Technology Adviser to Aki Battery Recycling. “This alignment ensures feedstock consistency and process compatibility, enabling the higher recoveries of battery-grade materials that meet OEM specifications for reintegration into North American cell production.”

Unlike most other North American pre-processing facilities, Aki will operate predominantly on a tolling fee basis through long-term contracts. This creates a strong alignment of interests with battery manufacturers and ensures that Aki achieves a consistent return, independent of commodity prices.

“The current bidding model for battery scrap widely used in North America is unsustainable,” said Michael Insulan, Vice President, Commercial, at Electra. “Offshore recyclers backed by deep pockets and government subsidies can outbid domestic players, undermining competition and market efficiency. In contrast, long-term tolling agreements offer a more stable and scalable alternative, providing predictability in feedstock volume and composition, and enabling greater operational efficiency over time.”

Currently, it is estimated that the vast majority of black mass produced in North America is exported to China, directly or indirectly, where it is processed into battery-grade materials for Asian supply chains. The circular relationship between Aki and Electra will strengthen Canada’s capacity to retain and reuse critical minerals, supporting domestic industrial growth. This is not only aligned with stated Canadian economic growth policies but also serves to reduce carbon emissions related to the transportation of materials to and from Asia.

“The Aki venture has rapidly advanced from vision to execution,” Reggie George concluded. “We are building something that addresses both economic and environmental imperatives, while also putting Indigenous leadership at the center of the clean energy transition.”

Aki Battery Recycling | www.akirecycling.com

Three Fires Group | www.threefires.com

Electra Battery Materials | www.electrabmc.com

 

Northern Virginia Regional Commission Earns Platinum Designation for Solar Readiness
Jun 12, 2025

Northern Virginia Regional Commission Earns Platinum Designation for Solar Readiness

The national SolSmart program, a free technical assistance and solar readiness initiative, has recognized the Northern Virginia Regional Commission (NVRC) with a prestigious Platinum designation. A SolSmart Platinum designation recognizes NVRC as having gone above and beyond to improve access to affordable solar energy for residents and businesses. NVRC is the first community in the South and the first regional organization in the country to earn this award. 

The SolSmart program, led by the Interstate Renewable Energy Council (IREC) and the International City/County Management Association (ICMA), recognizes local governments that improve access, reduce costs, and streamline permitting for residential and commercial solar installations. To date, over 550 communities in 44 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands have earned SolSmart designation. SolSmart is funded by the U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO). 

“NVRC is honored to receive this prestigious designation from the SolSmart program. We are proud to work with our local government partners and others to assist our communities reach their climate and sustainability goals. Having that work recognized is greatly appreciated,” said Northern Virginia Regional Commission Chair John T. Chapman of the City of Alexandria.

NVRC has long been a leader in efforts to remove barriers to solar installations and improve energy choice for residents. Starting in 2014, the Commission launched the region’s first Solarize NoVA program, resulting in more than 1,000 contracts, more than $27 million in private sector investment, and more than 9.4 MW of solar installed over ten years. Working with the SolSmart program, NVRC has hosted multiple informational webinars on topics related to solar permitting, zoning, inspection, and more. These webinars, along with other trusted resources, have been made freely available on NVRC’s website. Additionally, NVRC created the first-in-the-Commonwealth regional solar map that provides a birds-eye view on how large a solar array may fit on the roof of a business or home, its potential energy generation, and the environmental and cost-saving benefits.

These efforts led NVRC to earn its first SolSmart designation in 2019, achieving Gold and becoming the 250th designee in the U.S. Since then, NVRC has continued to improve access and remove barriers, resulting in its milestone Platinum designation this year. These efforts have made an impact: Solar in Northern Virginia has grown from 51 arrays with a capacity of 208 kW in 2009 to 12,274 arrays with a capacity of more than 115,000 kW in 2023. (2024 data are still being compiled.)

“The Northern Virginia Regional Commission’s achievement of the Platinum SolSmart designation is a powerful testament to the region’s leadership in solar readiness. This recognition reflects the hard work of NVRC and its member localities in removing barriers to solar energy adoption and accelerating Virginia's all-of-the-above plan for a reliable, affordable, and increasingly clean energy future,” said Vince Maiden, Director, State Energy Office, Virginia Department of Energy.

“We are excited to award NVRC the SolSmart program's highest tier of designation!” said Toyah Callahan, Vice President of Local Initiatives at IREC. “As the nation's first regional organization to receive SolSmart Platinum designation, NVRC is setting the bar.”

Local governments across the U.S. are taking advantage of SolSmart’s free technical assistance. Learn and join the program here.

SolSmart | https://energy-ready.org/solsmart

 

We Are Unlikely to Achieve Net Zero by 2050
Jun 12, 2025

We Are Unlikely to Achieve Net Zero by 2050

Each year, AIEN hosts an annual lecture series in honor of Alfred J. Boulos, former AIEN president and highly-regarded international energy negotiator. This year, at the International Energy Summit in Istanbul, Türkiye, Dr. Pedro van Meurs, Petroleum Economist, Van Meurs Energy, was invited to give the lecture.

He shared his forecast on carbon neutrality targets,  the place of the petroleum industry in a carbon-neutral world and the future of petroleum agreements.

‘The end of the 80s and beginning of the 90s was a difficult time for energy companies. But now we understand that the future of petroleum energy will rely on how seamlessly we integrate into the energy transition while maintaining a viable petroleum industry.

‘If we agree that we need to reach net zero, we need to change from “petroleum agreements” to “petroleum energy agreements”. But it is unlikely we will achieve net zero across the world by 2050.

‘Countries such as China, India, Nigeria, Russia etc aren’t even trying – they are aiming for 2060. Other countries simply do not have the funds to finance the necessary projects. 

‘I think it is possible for net zero to be achieved on or before 2070. One of the main reasons behind this will be the rapid development in solar energy. 2023 was a banner year for solar energy, with investment in this sector being larger than all other energy sources combined.

‘My forecast for energy production by 2070 is that there will essentially be no growth due to much higher efficiencies in energy use.

‘For oil, my forecast is that in 2070 we will still have a significant petroleum industry. It is simply not a good policy for countries to stop all oil exploration. But nations forget that oil and gas isn’t just used for energy – there are lots of non-energy products in the petrochemical industry, such as plastics. So, we will need a strong petroleum industry to keep providing non-energy products.’

But Dr Pedro van Meurs also sounded a note of caution to his predictions. ‘There is a huge margin of uncertainty in these forecasts, mainly because the future is highly uncertain. Yes, there is political uncertainty, but also any new discoveries can occur that would totally change the energy situation, so it is very hard to predict the future!’

AIEN | https://www.aien.org/

 

Redeux Energy Secures $30 Million Letter of Credit Facility to Support Solar and Battery Storage Project Development
Jun 12, 2025

Redeux Energy Secures $30 Million Letter of Credit Facility to Support Solar and Battery Storage Project Development

Redeux Energy Partners LLC ("Redeux"), a leading utility-scale solar and energy storage development company, announced the close of its new $30 million revolving letter of credit facility ("LC Facility") with Macquarie Group ("Macquarie"). The new LC Facility will allow Redeux to finance development expenses related to interconnection and power purchase agreement obligations for its utility-scale project pipeline, currently totaling 7 GW of solar generation capacity and 12 GWh of storage capacity spanning ERCOT, MISO, CAISO, SERC, and WECC energy markets. Macquarie's Commodities and Global Markets business is the sole Issuer and Administrative Agent for this new facility.

With the implementation of queue reform through FERC Order 2023, interconnection costs have increased in many markets. "Leveraging the new LC Facility, Redeux can advance high quality projects further through the development lifecycle, derisking projects for our Independent Power Producer (IPP) partners and earning more value" said Rob Masinter, CEO of Redeux Energy. "We are grateful to Macquarie for their support and look forward to expanding the LC Facility in the years to come."

"We are pleased to provide the LC Facility, supporting Redeux's business plan to meet rapidly growing demand for electricity with reliable renewable energy generation and storage," said Sherri Brudner, Managing Director in Macquarie's Commodities and Global Markets business. "Redeux has made significant accomplishments to date in several key markets, and this financing further equips Redeux with the financing needed for its utility-scale project pipeline."

"The Board is thrilled that Redeux has secured this relationship with Macquarie" said William Harrison, CEO of Cathexis Holdings. "The LC Facility will strengthen Redeux's execution and sales capabilities, accelerating growth and value creation."

To date, Redeux has sold nearly 700 MW of utility-scale solar and hybrid project capacity to leading IPPs. Targeting closings in 2H 2025, Redeux is actively marketing a mid-stage project portfolio totaling 1.5 GW of solar capacity and 3.4 GWh of storage capacity in MISO, ERCOT and SERC markets.

Artola Capital Partners LLC ("ACP") acted as financial advisor and Holland & Hart LLP as legal counsel to Redeux in connection with the LC Facility transaction. Willkie Farr & Gallagher LLP acted as legal counsel to Macquarie.

Redeux | www.redeuxenergy.com

Ameresco Celebrates the Completion Solar Canopy Project with the City of Pendleton, Oregon
Jun 12, 2025

Ameresco Celebrates the Completion Solar Canopy Project with the City of Pendleton, Oregon

Ameresco, Inc., (NYSE: AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition and the City of Pendleton in Oregon hosted a ribbon-cutting ceremony to celebrate the completion of a 240-kilowatt (kW) solar photovoltaic (PV) canopy system at the Pendleton Wastewater Treatment and Resource Recovery Facility (WWTRRF).

solar canopy people underneath

This innovative solar canopy--the first of its kind in the region--represents a major milestone in the City’s ongoing efforts to enhance energy resilience, efficiency and innovation, supported by Ameresco. The solar canopy is expected to annually generate 325,000 kilowatt-hours (kWh) of electricity, which will offset approximately 30% of the WWTRRF’s total energy consumption.

“This project marks a major step forward in our commitment to developing efficient and resilient solutions for our city,” said Kyle Willman, Superintendent, at Wastewater Treatment Resource Recovery Facility. “The solar canopy not only helps reduce our energy costs and environmental footprint, but it also enhances the performance of our wastewater treatment facility in ways that benefit the entire community. We’re grateful for our partnership with Ameresco and for the state and local support that made this forward-thinking investment possible.”

In addition to providing on-site energy production and cost savings, the canopy shades the WWTRRF’s chlorine contact chamber, helping to improve water quality, reduce effluent temperature and support a healthier aquatic ecosystem. The project is part of a multiphase infrastructure improvement initiative and was delivered through an Energy Savings Performance Contract (ESPC) with Ameresco, who provided price and performance guarantees and helped ensure participation from disadvantaged and local businesses.

The Pendleton WWTRRF project was funded through a combination of state grants (including ODOE’s C-REP grant), utility incentives and city resources. As part of the City’s ongoing efforts to increase the resilience and reliability of the WWTRRF, plans are underway for a future battery energy storage system (BESS) to complement the solar canopy and further decrease the operational costs of the facility.

“We are proud to partner with the City of Pendleton in its mission to build a resilient future,” said Lou Maltezos, President of Central & Western USA, Canada Regions at Ameresco. “This solar canopy project is a great example of how innovative energy solutions can deliver meaningful economic benefits and support essential city infrastructure. We’re not only improving operational efficiency but also contributing to the health of the local ecosystem and empowering the community with long-term energy savings.”

Ameresco | www.ameresco.com

The City of Pendleton | www.pendletonor.gov

JDR Cable Systems Completes Type Test Qualification of Next Generation 132kV Subsea Cables for Offshore Energy Applications
Jun 12, 2025

JDR Cable Systems Completes Type Test Qualification of Next Generation 132kV Subsea Cables for Offshore Energy Applications

JDR Cable Systems (JDR), the global subsea cable and umbilical supplier, part of the TFKable Group, has successfully completed two new type test qualifications at 132kV for static and dynamic array cables, supporting the next generation of fixed and floating offshore wind projects. This successful testing marks a critical step in delivering UK-manufactured high-voltage cables, ready to support larger turbines and deliver power over longer distances, enabling more efficient and cost-effective offshore wind energy.

JDR’s static cable development and testing was supported by a Development Grant from the Offshore Wind Growth Partnership, and produced in collaboration with a leading materials supplier, with extensive testing performed at Offshore Renewable Energy Catapult. JDR will manufacture the innovative 132kV cables at their upgraded Hartlepool facility as well as in their new high-voltage cable manufacturing facility in Cambois, near Blyth, Northumberland.

To facilitate the installation of next generation offshore wind turbines at 20MW and above, as well as accommodating increasing distances from shore and greater water depths, the industry requires significantly higher voltage cables. By doubling the voltage of the industry-standard 66kV array cable, JDR’s technology will allow increased transmission between turbines at higher-capacity – a vital factor in continuing to reduce the cost of offshore wind and assist in reducing the impact of clean energy prices for consumers.

The successful type test qualification of the fixed foundation 132kV static cable technology is further supported by the successful completion of JDR’s second high-voltage cable development, under the Department of Energy Security and Net-Zero’s Floating Offshore Wind Demonstration Programme. The AHEAD (Advanced High-Voltage Export and Array Dynamic) cable project, supported by £1.6 million in grant funding, has demonstrated the viability of 132kV dynamic cables for floating wind applications. A full testing programme has been successfully completed, including over 1.5 million tension-bending cycles, thereby validating the reliability of the advanced cable design when subjected to the dynamic motion it will endure in offshore floating applications.

Joe Cole, Technology Manager – Power Cables at JDR, comments: “We pride ourselves on providing solutions to the energy sector ahead of time and with our 132kV technology, we will do exactly that. Dynamic cables for floating wind and advanced 132kV cable technologies are critical for the progressive deployment of both fixed and floating offshore wind, enabling developers to not only deploy larger turbines but also to site floating offshore wind in deeper waters, further offshore. It’s an exciting time for the industry and we are right at the forefront by developing,validating and delivering new solutions for the benefit of the offshore energy industry and electricity consumers.”

As part of its broader strategy to drive innovation in high-voltage subsea technology, JDR is contributing its technical findings to the international standards body CIGRE, helping to inform the evolution of safety standards for higher voltage applications. In addition, the company is actively involved in the Carbon Trust’s Offshore Wind Accelerator High Voltage Array Systems project, which supports the development and qualification of 132kV cable technology within the UK. These efforts align closely with the UK Government’s commitment to advancing floating offshore wind, as reflected in the £31.6 million in grant funding awarded by the Department for Energy Security and Net Zero through the Net Zero Innovation Portfolio, aimed at accelerating the demonstration of innovative technologies in this sector.

JDR Cable Systems | https://www.jdrcables.com/

 

 

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