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.
Tesla releases Powerwall 3 expansion units
Each expansion unit adds another 13.5 kWh of storage capacity to the original installation with a maximum of three such units connected to a single Powerwall. Now available in the US, the new product comes at a lower cost and slashes installation time by roughly half to 22 minutes.
Seven rural co-ops to add 3 GW of renewables and storage and retire coal units
A Colorado-based generation utility will add renewable capacity and retire coal units, while six other rural electric co-ops plan to add 1.75 GW of clean energy capacity under a federal program designed to lower electricity costs.
Robust demand for transferable tax credits
During pv magazine USA Week, Crux co-founder and CEO, Alfred Johnson shared insights on the accelerating multi-hundred-billion-dollar transferable tax credit market.
Retrofitting batteries increases solar plant revenue 29% to 81%
In areas with high population density or abundant solar energy, adding one to four hours of battery storage to a solar power facility can significantly increase site revenue. However, the added value diminishes with storage capacities exceeding four hours.
Solar wins on cost
On Day One of pv magazine USA Week, a panel of experts explored the levelized cost of energy as well as current challenges to capacity expansion.
Solar tracker manufacturer Nextracker reports 29% year-on-year growth
The U.S. manufacturer of sun-tracking solar mounts posted $1.35 billion in revenue for the first half of fiscal year 2025.
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.
Swing states host nearly half of new U.S. clean energy manufacturing
A change of Presidential administration could threaten billions of dollars in investment and thousands of jobs in critical swing voting states, which host 48% of announced clean energy manufacturing investments.
Bluetti launches new ESS with up to 154.8kWh of storage
U.S.-based Bluetti has developed a new energy storage system (ESS) that offers up to 154.8 kWh of storage and 60 kW of output by connecting up to three systems in parallel. It includes an inverter and a voltage controller with up to seven batteries.
