NetworkNewsWire Editorial Coverage: Amid talk of global warming and the Green New Deal, solar energy may be a more viable — and profitable — investment than ever before.
- Plenty of resources and significant growth could mean bright future for solar
- SinglePoint acquisition called “phenomenal opportunity” for company to establish industry foothold
- Solar could be main power source of choice in the future, says industry leader
Recognizing a building interest in and support of renewable energy sources such as solar energy, savvy companies are identifying ways to establish a firm foothold in the sector. SinglePoint Inc. (OTCQB: SING) (SING Profile) just signed an asset purchase agreement with Direct Solar and AI Live Transfers, providing what has been described as the Lending Tree model for solar business. Last month, the AES Corporation (NYSE: AES) joined with Kaua’i Island Utility Cooperative (KIUC) to inaugurate the Lāwa’i Solar and Energy Storage Project, the largest operational solar and storage system in the world. Southern Company’s (NYSE: SO) subsidiary Gulf Power has been testing its SHINES project, which installs batteries on the utility’s side of homes to control when and how much solar is sent to the grid, saving customers from having to invest in and install their own systems. After acquiring the SolarWorld Americas facility, SunPower (NASDAQ: SPWR) is assembling its high-quality 19-percent efficient solar panels for commercial customers, leveraging U.S.-made automated stringing equipment and a local workforce of about 200. Another acquisition, the $1.6 billion purchase of Sempra Energy, has made…
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