by Nicolas Rinaldi
November 18, 2016

Below are the key takeaways from the week in solar, grid edge, storage and other energy news.

Solar News

$30 Billion
The market value that could be lost if the new Trump administration rolls back investment tax credits for renewables. (story)

The forecasted share of direct-ownership residential PV in the U.S. in 2017, according to GTM Research. Direct ownership is set to overtake third-party leasing next year. (story)

85% of Tesla Shareholders
The percentage of Tesla's shareholders that voted in favor of the company's $2.6 billion acquisition of residential solar provider SolarCity. (story)

65 Megawatts
The capacity installed by residential provider Sunrun in Q3 2016. Eric Wesoff presents highlights from Sunrun's earnings call this week. (story)

1,600 Jobs
The number of jobs that First Solar will cut from its workforce as it prepares for rocky years in 2017 and 2018. The company's stock price has dropped roughly 30 percent over the past two weeks. (story)

735 Megawatts
The capacity of Cypress Creek’s utility PV portfolio in operation or under construction. Cypress Creek acquired FLS Energy this week, adding 350 megawatts to its portfolio and making Cypress the second-largest utility-scale developer behind First Solar. (story)

227 Gigawatts
The estimated installed PV capacity globally, according to a new report from the IEA. (story)

7% Reduction in Global Demand
The forecasted reduction in global solar demand in 2017, according to a new report from GTM Research. (story)

$20 Million
The VC investment in the now-defunct Bloo Solar by Acadia Woods Partners. Eric Wesoff details Bloo's demise in his latest tale from the solar crypt. (story)

Grid Edge News

$153 Million
The price that GE paid to acquire Bit Stew Systems this week. Bit Stew provides an advanced data integration platform that serves the utility, manufacturing, aviation and oil and gas industries. (story)

180 Pages
The length of NARUC's just-released report that will guide regulatory commissions across the U.S. on ratemaking for distributed energy resources. Julia Pyper sizes up the new report this week. (story)

770 Acres
The area of Urbanova, a smart city project developed by Itron and Avista Utilities in Spokane, Washington. Jeff St. John examines how Urbanova will include everything from smart meters, streetlights and air sensors to distributed energy trading. (story)

$400 Million
Property-assessed clean energy (PACE) securitizations closed thus far in November 2016. (story)

18' Towers
The height of Totem Power's street light-like towers. The towers, currently under development, would combine solar with storage, Wi-Fi and 4G communications, EV charging and smart lighting. (story)

Energy Storage News

70% of the U.S.
The percentage of the U.S. that is served by independent system operators and regional transmission organizations. This week, FERC proposed a rule that would require each RTO and ISO to create rules for energy storage to participate in wholesale markets. (story)

December 7-8
The dates of GTM's upcoming Energy Storage Summit in San Francisco. Julian Spector previews the event this week. (And don't forget you get $200 off the price of registration as a Squared member; just use the code SQUARED when you sign up.) (story)

Other Energy News

62 Days
The number of days until Trump's presidential inauguration. This week we look at what global energy insiders think about the future U.S. president. (story) Julian Spector also speculates what energy-storage policy could look like under Trump. (story)

In case you missed any of GTM's post-election coverage over the last two weeks, you can peruse it all here.

15,550 Megawatts
The capacity of renewables approved on federal lands since President Obama took office. Last week, the Bureau of Land Management finalized a rule that would speed up leasing for clean energy on federal plots. (story)

1.3 Gigawatts
The amount of renewables procurement so far in 2016 by the world's top corporations. This week, the Interchange podcast comes to you live from the headquarters of General Motors to discuss why Fortune 100 companies are buying up renewables. (story)

€500 Million
The estimated revenue Spanish wind giant Gamesa is looking to make from sales of off-grid systems by 2020. (story)