George Hershman, executive chair of SEIA and chief executive of SOLV Energy shares his perspective on aspects of the Inflation Reduction Act one year later.
As more renewable energy comes online each year, the added flexibility and resiliency that energy storage provides has never been more critical—because our grid is not as stable as it needs to be.
Major residential solar markets policy changes essentially necessitate battery energy storage attachment, while other policies are launching community solar markets.
One year after the passage of the Inflation Reduction Act, federal policies help turn the page toward an economy powered by emissions-free technology and domestic manufacturing.
Solar module prices have never fallen so sharply in such a short period of time. One reason for this is the “PV module glut” in warehouses in Europe, according to pvXchange’s Martin Schachinger.
A report from two senior U.S. National Renewable Energy Laboratory researchers shows the march toward an increasingly carbon-free global electricity sector.
Utility-scale solar served a sizable portion of peak electricity demand in the grid, said the Institute for Energy Economics and Financial Analysis.
A dual-use solar and agricultural site in New York will add 2 MW of solar capacity while retaining active market crop production.
Wood Mackenzie said the U.S. market will install 66 GW of storage between 2023 and 2027, 83% of which will be at the grid scale.
The intrinsic efficiency of renewables will lower the overall cost of energy from 4% of GDP today to about 2.5% by 2050, said a report from DNV.
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