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Markets & Policy

Solar support in coal country

In the United States, passage of the Build Back Better Act would extend
the solar Investment Tax Credit and offer other clean energy initiatives
that would boost the renewable energy momentum already underway in Senator Joe Manchin’s home state of West Virginia. This is good news for the state and is resulting in unlikely allies.

LG exits solar module business

The Korean manufacturer said its solar module business will be closed by the end of June. It blamed uncertainties in the global solar industry for its decision.

Sunrise brief: Missing–Five to ten gigawatts of utility scale solar in 2022

Also on the rise: Equitable access to solar is part of DOE-backed plan. One to six million metric tons of lithium may lie beneath the Salton Sea. Adopting standards for EVs will accelerate the path for these vehicles. Solar tracker manufacturers can expect a boom in the US through 2025. Heliogen plans concentrated solar power manufacturing facility. IBM, ABB, and Worley team up to help energy companies build and operate green hydrogen facilities.

People on the Move: Silfab Solar, LG Energy Solution, Centrica Business Solutions, and more

Job moves in solar, storage, cleantech, utilities, and energy transition finance.

IBM, ABB, and Worley team up to help energy companies build and operate green hydrogen facilities

The collaboration aims to offer a digitally enabled solution for facility owners to build green hydrogen assets more quickly, cheaply, and safely.

Utilities are investing in renewables more than ever before to improve their ESG profiles

Ernst & Young’s 2021 report detailing transactions in power and utilities shows a higher focus on ESG initiatives and renewable deals across the country’s utilities.

Equitable solar access strategies under development by DOE-backed program

Residential and commercial solar equity and inclusion plans will be developed by Solar Energy Innovation Network, which recently selected eight teams dispersed throughout underserved areas the US to develop community-level plans.

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Missing: Five to ten gigawatts of utility scale solar in 2022

ROTH Capital Partners sees a possibility of 5-10GW of utility-scale solar power facility developers finding it challenging to procure – cost effective or otherwise – solar panels for their projects, with some pushing off construction until Tier 1 products are available for purchase.

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Solar tracker manufacturers can expect a boom in the US through 2025

Data company IHS Markit expects almost nine out of ten big solar projects in the Americas over the next three years to be tracker mounted. More than a terrawatt of new solar will be added from this year to the end of 2025, the analyst predicted.

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Sunrise brief: Utilities appeal FERC denial to leave TVA–decision goes to courts

Also on the rise: LONGi modules detained under Hoshine WRO released. IBC solar cells shows efficiency potential of over 29%. SPI to begin manufacturing in former Sunergy plant. Is accelerated interconnection possible? Build Back Better now or later.

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