While community solar dropped 16% in 2022, it’s still expected to double by 2027, according to a new report from Wood Mackenzie and Coalition for Community Solar Access.
Also on the rise: The IRA will unleash community solar markets. Saltwater flow battery added to solar-on-canal project. And more.
Community solar provides measurable, tangible benefits to the grid and ratepayers. While some may argue about the exact value of these benefits, distributed solar, and community solar specifically, is an integral part of the grid.
Also on the rise: U.S. energy storage market set for take off. Solar turns brownfields into green wellsprings. And more.
The U.S. Inflation Reduction Act (IRA) is set to ignite the energy storage market in 2024, as analysts expect up to 65 GW/260 GWh of projects through 2026. The outlook is for battery project sizes to increase as the pipeline takes shape.
While NEM 3.0 is expected is to slash the rate paid for solar energy sold back to the grid, batteries can help maintain the value of solar. The next wave of clean technology adoption, however, must seek non-lithium batteries and take advantage of new safe and affordable chemistries.
As of January 31, 2023, there are more than 90 new manufacturing facilities and renewable energy projects developed in rural towns and large cities, representing an aggregate of $89.5 billion of new investments into the clean energy market, according to a Climate Power report.
Also on the rise: Linton Crystal to move PV equipment manufacturing back to the U.S. EV battery has 50% more energy density than traditional lithium-ion, 10-minute charge. And more.
More than $60 billion in private investments in clean energy have been announced since the landmark Inflation Reduction Act was passed in August. The Act includes $370 billion in climate and energy spending.
As the U.S. Uyghur Forced Labor Prevention Act demonstrated, companies preparing to spend big on batteries are at risk of being blindsided by supply-chain-related legislation. Here are some tips on how US developers can anticipate policy curveballs.
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