Sunrise brief: A solar-powered economy
Also on the rise: Should the solar tax credit be 80%? Coalition of 28 organizations files brief in support of continued net metering in Puerto Rico. And more.
A solar-powered economy
On Day One of pv magazine Week, Dr. Heather Boushey, chief economist in the Investing in America Cabinet, shared insight into the ways in which solar has become an economic driver since passage of critical clean energy policy.
Sunrise brief: Robust demand for transferable tax credits
Also on the rise: Solar wins on cost. Retrofitting batteries increases solar plant revenue 29% to 81%. And more.
Sunrise brief: First Solar misses on Q3 revenue, lowers 2025 guidance
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.
Solar module manufacturing capacity could exceed 1.5 TW by 2035, says IEA
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.
First Solar misses on Q3 revenue, lowers 2025 guidance
The U.S. thin-film solar manufacturer posted revenues roughly 18% short of Wall Street consensus expectations.
U.S. CHIPS Act makes solar manufacturing eligible for significant tax credits
Upstream solar manufacturing will be supported by the Investment Tax Credit, based on final rules released by the Department of the Treasury.
Sunrise brief: Longi Green Energy sets world record for solar panel efficiency
Also in the news: PV Hardware unveils solar tracker, LG Energy Solutions plans U.S. battery manufacturing, and more.
LG Energy Solutions plans U.S. battery manufacturing
The South Korean battery maker expects strong demand momentum in the energy storage space (ESS) and plans to release a new high capacity lithium iron phosphate product with an energy density improved by 20%, alongside other products. To advance its local supply capabilities, the company plans to start ESS battery production in the US next year, and is considering converting European electric vehicle (EV) production lines to ESS.
Sustainable steel for the solar industry
Steel manufacturing accounts for 8% of global energy demand and 7% of energy-related CO2 emissions, according to the International Energy Agency. The World Steel Association says energy use per ton of steel has dropped by 60% since the 1970s and steel is the world’s most recycled material, but there is still room for improvement. pv magazine’s UP initiative looks at opportunities for the industry to be greener, such as integrating solar and energy storage.
