Wholesale electricity prices lower and more stable in 2024
Wholesale electricity prices were lower in 2024 than 2023, with less price volatility, as solar and battery energy storage expands, and lower natural gas prices stabilize major markets in the U.S.
The U.S. economy needs VPP 2.0, utilities could deliver
Virtual power plants can play an essential role in meeting rising electricity demand, but to do so, utilities must bring them into the heart of their planning and rapidly take it to grid scale.
Global cleantech investment expected to surpass fossil fuels for the first time in 2025
Global clean energy supply investments will reach $670 billion this year, said a report from S&P Global Commodity Insights.
U.S. electricity rates rise about 5% annually – outpacing inflation
While electricity generation costs have gone down thanks to technology like solar and wind, transmission and distribution costs have driven bills higher, said a report from Lawrence Berkeley National laboratory.
‘High electricity prices in California have nothing to do with renewables’
Stanford University professor Mark Z. Jacobson spoke to pv magazine about recent research work showing that California could easily rely on a wind-water-solar-dominated large grid. He says the state’s current electricity prices are high because of several reasons that have nothing to do with renewables.
Sunrise brief: REC Silicon shuts down polysilicon operations in Moses Lake
Also on the rise: Predictions for the solar energy landscape in 2025. Samsung launches monobloc air-to-water heat pumps. And more.
Samsung launches monobloc air-to-water heat pumps
Now available in the North American market, the manufacturer says these heat pumps work with new AI technology and reportedly perform better when connected to a PV system.
Major trends that shaped U.S. solar energy in 2024
Falling solar module costs, a ramp-up in domestic manufacturing, backed up grid interconnection queues, high interest rates and shifting policies, trade policy enforcement, weather resilience efforts and more have guided the solar industry to where we stand today.
Sunrise brief Walmart, Nexamp to bring 31 community solar projects to five U.S. states
Also on the rise: Massachusetts city sources solar power from Illinois, Stationary storage installations surge to 170 GWh in 2024, and more.
New installation projects for U.S. Army, New York community solar
Two 6.5 MW projects located on the Fort Johnson U.S. Army installation are underway, and a new 5 MW community solar project in New York is complete.
