IEA forecasts over 4,000 GW of new solar by 2030
The International Energy Agency says renewables are on course to meet almost half of global electricity demand by 2030, with solar accounting for 80% of the growth in capacity.
Enabling distributed battery owners in every state to earn compensation
To help states launch programs to compensate owners of distributed batteries for providing energy at peak times, Solar United Neighbors has developed model legislative language. Under one approach, the owner of a 5 kW battery could earn $1,100 per year.
Sunrise brief: Ashtrom Group enters U.S. solar market with 300 MW utility-scale project
Also on the rise: Energy storage is a solved problem. Infinity sends fuel cell to NASA for lunar testing. And more.
Ashtrom Group enters U.S. solar market with 300 MW utility-scale project
Ashtrom Renewable Energy activated its first U.S. utility-scale solar project, located on 2,200 acres in Texas.
Three agrivoltaic community solar projects planned for New York
The three solar installations in Johnstown, New York are under development by BlueWave.
In case you missed it: Five big solar stories in the news this week
pv magazine USA spotlights news of the past week including market trends, project updates, policy changes and more.
Lithium-ion battery market to top $400 billion in 2035
While low prices are making life difficult for manufacturers, especially outside China, demand remains strong for stationary storage and electric vehicle (EV) devices, according to IDTechEx.
ContourGlobal enters U.S. market with acquisition of PV projects in South Carolina
After this initial acquisition of 151 MW, the European independent power producer plans to build a portfolio of up to 2 GW in the U.S. by 2030.
Sunrise brief: Average U.S. residential solar project breaks even at 7.5 years
Also on the rise: Hecate Energy advances the BESS project through zoning process in Massachusetts. How our aging grid can manage the surge in solar energy. And more.
Average U.S. residential solar project breaks even at 7.5 years, said EnergySage
A report from marketplace operator EnergySage noted that average system costs are declining, and payback periods are improving. It highlighted a recent market share capture from Tesla in the inverter and energy storage market.
