Elum Energy Secures $13 Million in Funding to Accelerate Growth in Renewable Energy; Enphase Energy Begins Shipments of IQ8 Microinverters and More...

Elum Energy , a leading provider of advanced energy management solutions for renewable energy systems, has secured $13 million in Series B funding led by Energize Capital, with participation from existing investors Alter Equity and Cota Capital. This investment will support the company’s ambitious growth plans to address the booming global renewable market, including a U.S. launch, as well as product evolution within the energy storage and EV integration categories.

Enphase Energy , Inc., a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced initial shipments of IQ8HC? Microinverters supplied from manufacturing facilities in the United States with higher domestic content than previous models. The microinverters have SKUs with a “DOM” suffix, indicating the increased amount of domestic content.

GE Vernova Inc. has unveiled its latest innovation in Battery Enabled Energy Storage (BESS) technology with the launch of the RESTORE DC Block. This advanced containerized solution is designed to enhance safety, efficiency, and long-term performance for utility-scale renewable and energy storage projects. The system boasts a 5MWh capacity with a duration range of 2-8 hours, supporting multiple grid applications.

Canadian Solar Inc. has forged a new partnership with SOLARCYCLE, America’s leading solar recycling company. This collaboration makes Canadian Solar one of the first crystalline silicon solar module manufacturers to offer comprehensive recycling services to U.S. customers.

As the renewables sector enters a new era of global construction, it is encountering significant challenges that could lead to project delays and a surge in complex insurance claims. These issues, including contractor errors, defects, and extreme weather events, are impacting both onshore and offshore projects, according to a recent market insights report by GCube Insurance.