WoodMac predicts 270 GW of new global PV capacity in 2023
Wood Mackenzie expects 270 GW of new global PV capacity in 2023, up 33% year on year. However, the annual growth rate is anticipated to fall to 1% in 2024 and to increase again by 5% in 2025.
SMA America debuts home energy storage solution
The Sunny Boy Smart Energy hybrid inverter is at the heart of the energy storage solution and it can be equipped with SMA’s Backup Secure to control the home’s energy, sending it to chosen appliances when needed.
The economics of solar grazing
A survey conducted by researchers at the University of Illinois, combined with prior research, details what solar grazers have purchased when building out their businesses and what they earn. Additional documentation highlights complex grazing business plans on large utility-scale solar facilities.
Sunrise brief: FERC reforms interconnection, speeding critical renewables delaysÂ
Also on the rise: SolarEdge stock trades down despite record revenue in Q2. Sunnova to participate in battery emergency program in Puerto Rico. And more.
FERC reforms interconnection, speeding critical renewables delays
Over 2,000 GW of generation and storage were trapped in interconnection queues. Wait times averaged five years. FERC introduced numerous reforms that will help mend this problem.
SolarEdge stock trades down despite record revenue in Q2
The company had strong performance in European residential and commercial markets, whereas the U.S. residential solar market wavered in Q2.
Carbon-cement supercapacitors for bulk energy storage
The Massachusetts Institute of Technology (MIT) has developed a scalable bulk energy storage solution with chemical with inexpensive, abundant precursors: cement, water, and carbon black. Their supercapacitors have high storage capacity, high-rate charge-discharge capabilities, and structural strength.
Sunnova to participate in battery emergency program in Puerto Rico
Distributed solar and storage customers sign up with Sunnova to participate in the Flex Power Program. By compensating customers for the power supplied by their batteries, they are incentivized to participate in the program designed to provide energy that reduces strain on the grid and minimizes blackouts at critical times.
Sunrise brief: Solar decommissioning plans for 36 U.S. statesÂ
Also on the rise: FERC’s proposed rule would harm consumers and the energy transition, DOE announces over $450 million for solar-plus-storage in Puerto Rico and Nextracker to deliver 3 GW of trackers to Leeward Renewable Energy.
People on the move: ConnectDER, American Clean Power and more
Job moves in solar, storage, cleantech, utilities and energy transition finance.
