The U.S. Inflation Reduction Act (IRA) is set to ignite the energy storage market in 2024, as analysts expect up to 65 GW/260 GWh of projects through 2026. The outlook is for battery project sizes to increase as the pipeline takes shape.
Also on the rise: Duke Energy to cut jobs following Q4 loss. $2 billion loan for battery material gigafactory. And more.
Duke’s five-year capital plan of $65 billion is focused on energy transition investments, which it says is a considerable increase over previous budgets, while its current budget removes almost $3 billion of capital it would have invested into the utility solar and distributed generation business.
As we enter Super Bowl weekend, pv magazine looks at how the National Football League and other major league sports adopt solar.
Also on the rise: SnapNrack introduces solar mount that attaches to modulee bfore roof. IRA spurs 101K clean energy jobs in first six months. And more.
Budderfly, a Connecticut energy-as-a-service company, is reviewing new solar offerings with Ryders Health, Sonic and Subway restaurants.
A solar facility is bringing 250 construction jobs and $18 million in property taxes to Concho County, Texas.
The deployment of a vanadium flow battery at a fire station run by Native Americans illustrates the role that the energy storage technology can play in ensuring that nobody is disadvantaged by the shift away from fossil fuels.
Tracker company Nevados supply Ampliform’s near-term project pipeline of 700 MW as well as its longer-term pipeline of 2 GW of projects under development.
Also on the rise: Linton Crystal to move PV equipment manufacturing back to the U.S. EV battery has 50% more energy density than traditional lithium-ion, 10-minute charge. And more.
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