VIDEO: SinglePoint (OTCQB: $SING) Subsidiary Direct Solar America Lands Large Commercial Solar Project MoneyTV with Donald Baillargeon; @_Singlepoint_

VIDEO: SinglePoint (OTCQB: $SING) Subsidiary Direct Solar America Lands Large Commercial Solar Project MoneyTV with Donald Baillargeon; @_Singlepoint_

Phoenix, Arizona - June 19, 2020 (Investorideas.com Newswire) SinglePoint, Inc. (OTCQB: SING) Greg Lambrecht discusses the latest commercial solar deal that will cover an office complex as well as parking stalls in Illinois.

Read this news featuring SING in full at https://www.investorideas.com/CO/SING/news/2020/06191DirectSolarAmerica-CommercialSolar.asp

The company has executed the Energy Services Development Agreement with the Client and the co-development compensation agreement with Lux Power LLC. The client has agreed to and executed the final solar power purchase agreement and is awaiting final approval from the financing source. The project's estimated value is approximately $1.75M covering the commercial solar system components for the office complex roof and the existing parking lot structure. This specific commercial project's estimated value of $1.75M is roughly 50 times greater than the historical residential rooftop solar installation, which can average between $30K to $35K per installation.

Cannot view this video? Visit: https://www.youtube.com/watch?v=9ExsDdx9Q2g

About SinglePoint, Inc.

Founded in 2011 SinglePoint, Inc (SING) invests in and acquires brands and companies that will benefit from injection of growth capital and the sales and marketing expertise of SinglePoint. The company portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multinational brand.

Connect on social media at:

https://www.facebook.com/SinglePointMobile

https://twitter.com/_Singlepoint_

https://www.linkedin.com/company/singlepoint

https://www.youtube.com/user/SinglePointMobile

For more information visit: www.SinglePoint.com

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Corporate Communication

SinglePoint Inc.
888-OTC-SING
investors@SinglePoint.com
SinglePoint.com

SinglePoint (SING) is a featured stock on Investorideas.com

More info on SING at Investorideas.com Visit: https://www.investorideas.com/CO/SING/

Get News Alerts on SinglePoint Inc. SING

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. For Disclosure purposes SinglePoint Inc (OTCQB: SING) is a paid  annual news and social media company on Investorideas.com.  More disclaimer info: 

https://www.investorideas.com/About/Disclaimer.asp and https://www.investorideas.com/About/News/Clientspecifics.asp . Learn more about our prices for publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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The #ESG Investing Megatrend- #Solar #Stocks to Watch (OTCQB: $SING) (NASDAQ: $RUN) (NASDAQ: $TSLA) (NYSE: $STAG)

The #ESG Investing Megatrend- #Solar #Stocks to Watch (OTCQB: $SING) (NASDAQ: $RUN) (NASDAQ: $TSLA) (NYSE: $STAG)

Point Roberts WA, Delta BC, June 19, 2020 – Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks issues a sector snapshot looking at the solar/ cleantech sector, featuring SinglePoint, Inc. (OTCQB: SING) and its solar subsidiary, Direct Solar of America.

Read this news featuring SING in full at https://www.investorideas.com/news/2020/cleantech-climatechange/06191SolarStocks-SING-RUN-TSLA-STAG.asp

deVere Group recently reported that since the beginning of May, 26% of clients around the world are eyeing exposure to, or are now part of the environmental, social and governance (ESG) "megatrend."

Looking specifically at solar stocks, headlines like “Positive news for California rooftop solar in Q2 – so far” and news of installations, projects and hiring make it a play to watch.

One of the smaller companies in the sector is also seeing installations and deal flow rise. US-based SinglePoint, Inc. (OTCQB: SING) and its solar subsidiary, Direct Solar of America  just made headlines with news that they had signed a “ Commercial Agreement with a Total Project Value Estimated at $1.75M for Illinois Office Park Complex.”

Direct Solar currently services key areas including Florida, Texas, Illinois, Arizona and

New Mexico.

From the news: SinglePoint Inc. announced that its majority owned subsidiary, Direct Solar America has signed an agreement with LUX Power LLC to co-develop rooftop solar solution for the AET office complex as well as the on-site covered parking structures. This project is one of many projects in the company sales pipeline that totals approximately $50,000,000. The project closely fits the strategic customer acquisition criteria developed by senior management to focus on small to mid-sized commercial projects that we feel are currently underserved in the market and represent a high growth potential.

“Over the past nine months we have established a solid process of identifying commercial projects that meet our criteria and could benefit from our years of solar expertise. I am pleased we have closed this deal and looking forward to this being the catalyst that allows us to close the additional projects in our sales pipeline. Commercial is a much more involved process as the projects are typically more complex and the project sizes are dramatically larger than our traditional residential solar rooftop transactions. Ultimately this provides more revenue to the company per project which will help the company to continue to grow its top line revenue”, states JT Turner, Direct Solar America’s, Commercial Division Sales Manager.  “Our Commercial Solar pipeline consists of small to mid-sized industrial and commercial projects as evidenced by this office complex project as well as several schools and other innovative municipal projects that can benefit from solar power generation”.

Continued: The Company has executed the Energy Services Development Agreement with the Client and the co-development compensation agreement with Lux Power LLC. The client has agreed to and executed the final solar power purchase agreement and is awaiting final approval from the financing source.  The project's estimated value is approximately $1.75M covering the commercial solar system components for the office complex roof and the existing parking lot structure.  This specific commercial project's estimated value of $1.75M is roughly 50 times greater than the historical residential rooftop solar installation which can average between $30K to $35K per installation.

“This is a major milestone for the company. The senior leadership at Direct Solar America has been working tirelessly for months building out the commercial side of the business. This first closing is a major step in the right direction. The company has multiple commercial deals that are progressing through the sales pipeline stages towards final closing. This Commercial Solar installation in Illinois helps to validate our decision to move into commercial because the deal size is much larger than typical residential rooftop solar resulting in greater revenue and increased profitability for the company. We are focused on establishing a repeatable process that correctly identifies and targets clients that meet our criteria.  We believe our commercial business unit has the ability to rapidly become the leading revenue contributor for Direct Solar America.  The commercial solar sales division will continue to grow and expand partnership and co-development opportunities. When you combine that with our intention to have the leading national residential rooftop sales network it creates an emerging powerful platform and asset for SinglePoint and its shareholders,” said Greg Lambrecht, CEO SinglePoint.

Significantly larger, Sunrun Inc. (Nasdaq:RUN), a provider of rooftop solar and battery storage, has 285,000 customers and have sold their solar service in 22 states, DC & Puerto Rico.

They just announced that Sunrun and Southern California Edison (SCE), the largest utility in Southern California and one of the largest in the country are working together to launch one of the first residential energy storage virtual power plants in operation in the United States.

From the news: Beginning this month and continuing through mid-2021, Sunrun and SCE will network up to 300 of Sunrun’s Brightbox home solar and rechargeable battery systems across Southern California to demonstrate how clean energy stored in Sunrun Brightbox rechargeable solar battery systems can provide peaking capacity to the electrical grid for Southern California residents. The virtual power plant will provide a resilient, clean source of energy at times when electricity is needed most, such as during a hot summer day and other times when there is high demand for energy. Families with Sunrun’s Brightbox rechargeable solar battery systems will also have access to reliable backup power to keep their lights on and food fresh during outage events.

Continued: The partnership between Sunrun and SCE will demonstrate how residential rooftop solar and batteries support California’s ongoing transition to clean, reliable, locally-generated electricity.

“California is leading the way to 100% clean energy for all. We’re excited to work with SCE to bring the benefits of Brightbox rechargeable solar batteries to more Californians through this innovative partnership,” said Lynn Jurich, Sunrun co-founder and CEO.

Tesla (NASDAQ: TSLA), known for their electric vehicles is also competing in solar.  PV magazine just reported on ‘First Tesla solar tile roof V3 installed in Massachusetts.’

From the article: “Dorchester, Massachusetts is the home of the first Tesla solar tile roof in the state and the second on the East Coast, according to Bert Bremer, the homeowner.”

Continued: “The 7.5 kW, version 3.0 system includes two Powerwall batteries — although there is no time-of-use pricing and there hasn’t been a local power failure in a few years, according to Bremer.”

Thinknum, reporting on Tesla’s solar division noted, “Hiring of solar installers, electricians, and field service reps have more-than doubled in just a month after a severe drop-off.”

Continued: “In April as the pandemic shut down business — and any thoughts of having solar panels installed — hiring at Tesla for jobs with the terms "Solar", "Electrician", and "Installer" dropped from 259 to just 120.“

“But in the second half of May, hiring for these positions has skyrocketed, from the aforementioned 120 to 254 in the past week. That's an increase of 112% in less than a month.”

New rooftop installations were also announced by STAG Industrial, Inc. (NYSE:STAG), a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States.  They recently announced the groundbreaking of four new solar rooftop systems in Massachusetts and one in New Jersey. The projects will deliver energy to the local electrical grid, ultimately powering homes and businesses. Black Bear Energy facilitated the project in partnership with STAG. These systems have an aggregate capacity of 8.5MW, which will generate over 10 million kWh of electricity annually - the equivalent to powering nearly 1,000 homes with solar. With the addition of these sites, STAG now hosts over 10 MW of solar nationally. The MA projects are being developed by Nautilus Solar Energy, LLC as part of the Solar Massachusetts Renewable Program (SMART) - a program to cost-effectively bring new distributed solar resources in the state.

According to IEA, “Renewables are not immune to the Covid-19 crisis, but are more resilient than other fuels. The IEA’s Global Energy Review 2020 projected renewables to be the only energy source to grow this year compared to 2019, in contrast to all fossil fuels and nuclear.”

That, combined with a strong global investor sentiment driven by millennial’s is a reason to pay attention to the renewables/cleantech sector. 

Want to get more info on the sector?  Visit the Cleantech and Climate Change Podcast page at Investorideas.com

Visit the renewable energy stocks directory: http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure:  This article featuring SING is a paid for service on Investorideas.com (two thousand) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire

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SinglePoint (OTCQB: $SING) Subsidiary Direct Solar America Announces Commercial Referral Agreement with Dividend Financial, a Leading National Provider of #RenewableEnergy and #Solar Financial Solutions; @_Singlepoint_

SinglePoint (OTCQB: $SING) Subsidiary Direct Solar America Announces Commercial Referral Agreement with Dividend Financial, a Leading National Provider of #RenewableEnergy and #Solar Financial Solutions; @_Singlepoint_

Agreement leverages Dividend's network and footprint to refer Commercial Projects to Direct Solar America's Capital Division and its syndication lender network servicing the Commercial Sector

Phoenix, Arizona - June 18, 2020 (Investorideas.com Newswire) SinglePoint, Inc. (OTCQB: SING) Direct Solar America broadens its market reach by announcing a referral agreement, partnering with a pioneer in solar financing, Dividend Financial. The agreement significantly lowers cost of acquisition of new clients seeking to install or finance commercial solar projects that currently are not included in the offerings provided by Dividend Financial. The partnership with Direct Solar allows for Dividend to offer to any of their client base a commercial solution by referring the projects they are unable to entertain in-house to Direct Solar Capital for them to find a solution via Direct Solar Capital's commercial lending partners.

Read this news featuring SING in full at https://www.investorideas.com/CO/SING/news/2020/06181DirectSolarAmerica-DividendFinancial.asp

Cannot view this video? Visit: https://www.youtube.com/watch?v=6urrDAerZow

Dividend is a leading national provider of renewable energy and energy-efficiency financing solutions for property owners through a suite of residential solar, home improvement and commercial PACE financing products. Commercial PACE is a public-private financing mechanism for energy efficiency, renewable energy, water conservation and seismic upgrades on privately-owned property. The Company pioneered the residential solar financing landscape in 2014 with the launch of its flagship product, EmpowerLoan™, for financing residential solar installations and continues to expand its product offerings into the home improvement market. In addition to its industry-leading suite of financial products, Dividend has developed a comprehensive technology platform for installation partners and homeowners to streamline the financing process and manage financed project fulfillment.

"The partnership serves huge benefits on both sides. Direct Solar Capital sees additional potential business and Dividend now can confidently explain to their client base they have a solution for every commercial inquiry." Pablo Diaz, CEO Direct Solar America. "I am proud of our business development group that identified a truly win-win-win situation for Dividend, Direct Solar and most importantly customers seeking commercial solar solutions. Dividend Financial is one of the nation's largest residential lenders, with over 600 dealers in their network, but in the commercial realm, they only are able to lend with PACE financing, a state-provided lending solution available only in 22 states and the guidelines are fairly rigid."

"This strategic partnership is another step that enhances our ability to reach and serve additional markets and most importantly grow revenues. Pablo and the Direct Solar team are ready and excited to work with the customers referred to them by Dividend Financial. The Direct Solar team will support referred Dividend clients by offering the best possible product and solutions to fulfill their solar needs." states Greg Lambrecht, CEO SinglePoint Inc. "We are pleased with the progress and encouraged that partnerships like this can help grow our revenues and ultimately increase the asset value of our company for all of our shareholders".

Commercial (Non Residential) Solar Market Outlook

Falling prices and more flexible financing and procurement structures have led to rapid growth in corporate solar adoption, with more than half of all corporate solar capacity in the U.S. installed since 2016. Financing for solar projects can be challenging. Direct Solar capital leverages its expertise and growing network of lenders focused on funding Commercial Projects to match specific projects with the right lender creating a win-win for our financial partners and the clients dedicated to adding renewable energy solutions to their facilities.

According to a recently published report by SEIA 2020 marks the beginning of the next wave of states with robust community solar mandates - New York, Maryland, Illinois and New Jersey - experience growth.

Direct Solar America announces initial Commercial Solar Project in Illinois

Recent policy developments in the Northeast will ultimately spur growth in our long-term outlook. New Jersey has proposed revising its transition incentive program, slightly raising incentive values for community solar projects. Significant revisions to the Value of Distributed Energy Resources (VDER) docket in New York have bolstered the long-term forecasts for both commercial and community solar. Meanwhile, Maryland and Maine both passed more aggressive RPS policies, which are expected to boost lagging REC markets. Maine went even further to create a commercial solar tariff and community solar program.

Increasing solar-plus-storage viability will also begin to have an impact on non-residential demand as policymakers and business leaders increasingly consider energy storage in their decisions. New York's recent development of the Bridge Incentive increases long-term solar-plus-storage forecasts with further potential upside. By 2023, roughly 30% of total non-residential PV capacity will come from community solar, and 20% of all non-residential capacity is expected to have storage attached.

About SinglePoint, Inc.

Founded in 2011 SinglePoint, Inc (SING) invests in and acquires brands and companies that will benefit from injection of growth capital and the sales and marketing expertise of SinglePoint. The company portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multinational brand.

Connect on social media at:

https://www.facebook.com/SinglePointMobile

https://twitter.com/_Singlepoint_

https://www.linkedin.com/company/singlepoint

https://www.youtube.com/user/SinglePointMobile

For more information visit: www.SinglePoint.com

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Corporate Communication

SinglePoint Inc.
888-OTC-SING
investors@SinglePoint.com
SinglePoint.com

SinglePoint (SING) is a featured stock on Investorideas.com

More info on SING at Investorideas.com Visit: https://www.investorideas.com/CO/SING/

Get News Alerts on SinglePoint Inc. SING

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. For Disclosure purposes SinglePoint Inc (OTCQB: SING) is a paid  annual news and social media company on Investorideas.com.  More disclaimer info: 

https://www.investorideas.com/About/Disclaimer.asp and https://www.investorideas.com/About/News/Clientspecifics.asp . Learn more about our prices for publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Investor Ideas does not condone the use of cannabis except where permissible by law. Our site does not possess, distribute, or sell cannabis products.

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#ESG Investing Snapshot - #Solar still shining (OTCQB: $SING) (NASDAQ: $RUN) (NASDAQ: $TSLA) (NYSE: $STAG)

  

#ESG Investing Snapshot - #Solar still shining (OTCQB: $SING) (NASDAQ: $RUN) (NASDAQ: $TSLA) (NYSE: $STAG)

SinglePoint, Inc. / Solar Subsidiary Reports Commercial Agreement -  Project Value Estimated at $1.75M for Illinois Office Park Complex

Point Roberts WA, Delta BC, June 18, 2020 – Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks issues a sector snapshot looking at the solar/ cleantech sector, featuring SinglePoint, Inc. (OTCQB: SING) and its solar subsidiary, Direct Solar of America.

Read this news featuring SING in full at https://www.investorideas.com/news/2020/cleantech-climatechange/06181SING-RUN-TSLA-STAG.asp

deVere Group recently reported that since the beginning of May, 26% of clients around the world are eyeing exposure to, or are now part of the environmental, social and governance (ESG) "megatrend."

Looking specifically at solar stocks, headlines like “Positive news for California rooftop solar in Q2 – so far” and news of installations, projects and hiring make it a play to watch.

One of the smaller companies in the sector is also seeing installations and deal flow rise. US-based SinglePoint, Inc. (OTCQB: SING) and its solar subsidiary, Direct Solar of America  just made headlines with news that they had signed a “ Commercial Agreement with a Total Project Value Estimated at $1.75M for Illinois Office Park Complex.”

Direct Solar currently services key areas including Florida, Texas, Illinois, Arizona and

New Mexico.

  

From the news: SinglePoint Inc. announced that its majority owned subsidiary, Direct Solar America has signed an agreement with LUX Power LLC to co-develop rooftop solar solution for the AET office complex as well as the on-site covered parking structures. This project is one of many projects in the company sales pipeline that totals approximately $50,000,000. The project closely fits the strategic customer acquisition criteria developed by senior management to focus on small to mid-sized commercial projects that we feel are currently underserved in the market and represent a high growth potential.

“Over the past nine months we have established a solid process of identifying commercial projects that meet our criteria and could benefit from our years of solar expertise. I am pleased we have closed this deal and looking forward to this being the catalyst that allows us to close the additional projects in our sales pipeline. Commercial is a much more involved process as the projects are typically more complex and the project sizes are dramatically larger than our traditional residential solar rooftop transactions. Ultimately this provides more revenue to the company per project which will help the company to continue to grow its top line revenue”, states JT Turner, Direct Solar America’s, Commercial Division Sales Manager.  “Our Commercial Solar pipeline consists of small to mid-sized industrial and commercial projects as evidenced by this office complex project as well as several schools and other innovative municipal projects that can benefit from solar power generation”.

Continued: The Company has executed the Energy Services Development Agreement with the Client and the co-development compensation agreement with Lux Power LLC. The client has agreed to and executed the final solar power purchase agreement and is awaiting final approval from the financing source.  The project's estimated value is approximately $1.75M covering the commercial solar system components for the office complex roof and the existing parking lot structure.  This specific commercial project's estimated value of $1.75M is roughly 50 times greater than the historical residential rooftop solar installation which can average between $30K to $35K per installation.

“This is a major milestone for the company. The senior leadership at Direct Solar America has been working tirelessly for months building out the commercial side of the business. This first closing is a major step in the right direction. The company has multiple commercial deals that are progressing through the sales pipeline stages towards final closing. This Commercial Solar installation in Illinois helps to validate our decision to move into commercial because the deal size is much larger than typical residential rooftop solar resulting in greater revenue and increased profitability for the company. We are focused on establishing a repeatable process that correctly identifies and targets clients that meet our criteria.  We believe our commercial business unit has the ability to rapidly become the leading revenue contributor for Direct Solar America.  The commercial solar sales division will continue to grow and expand partnership and co-development opportunities. When you combine that with our intention to have the leading national residential rooftop sales network it creates an emerging powerful platform and asset for SinglePoint and its shareholders,” said Greg Lambrecht, CEO SinglePoint.

Significantly larger, Sunrun Inc. (Nasdaq:RUN), a provider of rooftop solar and battery storage, has 285,000 customers and have sold their solar service in 22 states, DC & Puerto Rico.

They just announced that Sunrun and Southern California Edison (SCE), the largest utility in Southern California and one of the largest in the country are working together to launch one of the first residential energy storage virtual power plants in operation in the United States.

From the news: Beginning this month and continuing through mid-2021, Sunrun and SCE will network up to 300 of Sunrun’s Brightbox home solar and rechargeable battery systems across Southern California to demonstrate how clean energy stored in Sunrun Brightbox rechargeable solar battery systems can provide peaking capacity to the electrical grid for Southern California residents. The virtual power plant will provide a resilient, clean source of energy at times when electricity is needed most, such as during a hot summer day and other times when there is high demand for energy. Families with Sunrun’s Brightbox rechargeable solar battery systems will also have access to reliable backup power to keep their lights on and food fresh during outage events.

Continued: The partnership between Sunrun and SCE will demonstrate how residential rooftop solar and batteries support California’s ongoing transition to clean, reliable, locally-generated electricity.

“California is leading the way to 100% clean energy for all. We’re excited to work with SCE to bring the benefits of Brightbox rechargeable solar batteries to more Californians through this innovative partnership,” said Lynn Jurich, Sunrun co-founder and CEO.

Tesla (NASDAQ: TSLA), known for their electric vehicles is also competing in solar.  PV magazine just reported on ‘First Tesla solar tile roof V3 installed in Massachusetts.’

From the article: “Dorchester, Massachusetts is the home of the first Tesla solar tile roof in the state and the second on the East Coast, according to Bert Bremer, the homeowner.”

Continued: “The 7.5 kW, version 3.0 system includes two Powerwall batteries — although there is no time-of-use pricing and there hasn’t been a local power failure in a few years, according to Bremer.”

Thinknum, reporting on Tesla’s solar division noted, “Hiring of solar installers, electricians, and field service reps have more-than doubled in just a month after a severe drop-off.”

Continued: “In April as the pandemic shut down business — and any thoughts of having solar panels installed — hiring at Tesla for jobs with the terms "Solar", "Electrician", and "Installer" dropped from 259 to just 120.“

“But in the second half of May, hiring for these positions has skyrocketed, from the aforementioned 120 to 254 in the past week. That's an increase of 112% in less than a month.”

New rooftop installations were also announced by STAG Industrial, Inc. (NYSE:STAG), a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States.  They recently announced the groundbreaking of four new solar rooftop systems in Massachusetts and one in New Jersey. The projects will deliver energy to the local electrical grid, ultimately powering homes and businesses. Black Bear Energy facilitated the project in partnership with STAG. These systems have an aggregate capacity of 8.5MW, which will generate over 10 million kWh of electricity annually - the equivalent to powering nearly 1,000 homes with solar. With the addition of these sites, STAG now hosts over 10 MW of solar nationally. The MA projects are being developed by Nautilus Solar Energy, LLC as part of the Solar Massachusetts Renewable Program (SMART) - a program to cost-effectively bring new distributed solar resources in the state.

According to IEA, “Renewables are not immune to the Covid-19 crisis, but are more resilient than other fuels. The IEA’s Global Energy Review 2020 projected renewables to be the only energy source to grow this year compared to 2019, in contrast to all fossil fuels and nuclear.”

That, combined with a strong global investor sentiment driven by millennial’s is a reason to pay attention to the renewables/cleantech sector. 

Want to get more info on the sector?  Visit the Cleantech and Climate Change Podcast page at Investorideas.com

Visit the renewable energy stocks directory: http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

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