Also on the rise: Solar wins on cost. Retrofitting batteries increases solar plant revenue 29% to 81%. And more.
Also on the rise: ESS uses iron flow battery deployments to adapt to new customer requirements. ESIG calls for adopting standards for transmission-connected renewables, storage. And more.
The International Energy Agency’s (IEA) latest report, which maps out the future evolution of clean energy manufacturing, says the combined global market for PV, wind turbines, electric cars, batteries, electrolyzers, and heat pumps will rise from $700 billion in 2023 to more than $2 trillion by 2035.
The U.S. thin-film solar manufacturer posted revenues roughly 18% short of Wall Street consensus expectations.
Upstream solar manufacturing will be supported by the Investment Tax Credit, based on final rules released by the Department of the Treasury.
Also in the news: PV Hardware unveils solar tracker, LG Energy Solutions plans U.S. battery manufacturing, and more.
Also on the rise: TOPCon risks. Positive early results from first test of perovskite tandem solar cells in space.
Now that incentives from the US Inflation Reduction Act (IRA) are well understood, global manufacturers are announcing factories in the United States to constitute much of the solar supply chain. While some plans have been scrapped already, and more cancellations are expected, the broader trend is unprecedented growth.
New incentives support solar manufacturers and encourage the domestic buildout of the earlier stages of the solar supply chain.
Also on the rise: Powering restaurants with rooftop PV, reversible fuel cells. JinkoSolar, Trina say TOPCon modules outperform p-type back-contact panels. And more.
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