U.S. energy storage market set for take off
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.
Duke Energy reports Q4 loss, pending job cuts
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.
Watch: West Texas community comes together for solar project
A solar facility is bringing 250 construction jobs and $18 million in property taxes to Concho County, Texas.
Nevados to supply all-terrain solar trackers to Ampliform pipeline
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.
Sunrise brief: State of the Union celebrates investment in clean energy
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.
Desert Quartzite solar-plus-storage plant gets greenlight from BLM
The utility solar project will result in capital investment of $1 billion and supply clean power to roughly 120,000 homes. The facility is expected to create more than 900 construction jobs and is expected to reach commercial scale operations by December 2024.
50 states of solar incentives: Ohio
Solar currently provides less than 1% of Ohio’s electrical needs. That is expected to change, however, as nearly 8.8 GW of mostly utility-scale solar is expected to be installed over the next five years, making Ohio one of the top five solar states in the country.
Sunrise brief: Solar microgrid to support critical water infrastructure
Also on the rise: World’s largest used EV battery power facility in California. Enel adds 2 GW of North America renewable capacity in 2022. And more.
Enel adds 2 GW of North America renewable capacity in 2022
Utility-scale solar and wind projects developed by Enel totaled 1.98 GW last year, while power purchase agreements reached 630 MW. The company added three major North American businesses last year.
2023 will see the most utility-scale solar added in a single year
U.S. solar market to add 29.1 GW and storage to add 9.4 GW of new capacity in 2023, according to the U.S. Energy Information Administration. If that new capacity comes online as planned, 2023 will have the most new utility solar capacity added in one year, more than doubling the current record of 13.4 GW from 2021.
