Also on the rise: Massachusetts city sources solar power from Illinois, Stationary storage installations surge to 170 GWh in 2024, and more.
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.
Despite political uncertainty, one thing is clear: solar will play a critical role in powering the US economy. That was discussed at length in the three-day pv magazine USA Week virtual event. Ryan Kennedy provides some key takeaways.
Forecasts from the U.S. Solar Energy Industries Association (SEIA) show sustained growth through 2030.
Battery prices continue to tumble on the back of lower metal costs and increased scale, squeezing margins for manufacturers. Further price declines are expected over the next decade.
The latest financial stability ranking from Sinovoltaics keeps Tesla, Mustang Battery, Kung Long Batteries, Hyundai Electric and Eaton, in the top five spots in a report that includes 55 manufacturers.
Behind-the-meter solar for homes, businesses, and communities comes with numerous benefits, said a paper from Stanford engineering professor Mark Jacobson.
Also on the rise: The launch of a new renewable energy investment bank. New York state’s self-developed 3.5 GW portfolio under due diligence. And more.
Under pressure to achieve its 100% clean energy goals by 2040, the NYPA, operating under enhanced authority granted in 2023, is advancing its first 40 self-developed clean energy projects.
SolarEdge will shutter its energy storage unit and manufacturing, cutting 500 jobs.