NYPA is seeking responses from private sector renewable developers, contractors, and companies interested in collaborating on solar energy, wind and battery energy storage projects.
Also on the rise: DOE seeks input on high-priority areas for transmission. First Solar closes $700 million in tax credit transfer sales. And more.
U.S. demand for battery energy storage systems will grow six-fold by 2030, according to a recent report by SEIA, but only with serious investment, coordination with experienced manufacturers and collaboration with allies.
Also on the rise: All I want for Christmas is one terawatt of solar deployed annually. 75% of California solar companies are high risk, more bankruptcy on the way. And more.
Solar Insure told pv magazine USA the financial stability of rooftop solar companies operating in California is in question. Despite this, California reaffirmed recent anti-solar decisions in a recent appeals court hearing.
Treasury and IRS released proposed 45V guidance on credit for hydrogen production, which may be available to some facilities into the 2040s.
Wood Mackenzie’s new leaderboard ranks battery manufacturers and solar-plus-storage installers. Recent findings show that three companies have held 80% of the market since 2018, but that tide is turning as new providers enter the growing market.
The IRA’s investment tax credit for energy storage along with increased utility adoption are critical drivers in the growth of energy storage; however, challenges remain in the build-out of the manufacturing of storage needed to support the U.S. goal of getting to net zero.
Last year Canada switched on its largest utility-scale PV array, the 465 MWac Travers Solar Project, which buoyed solar figures to 4.4 GW, according to the International Renewable Energy Agency (IRENA). But a PV expert warns a six-month pause on renewable energy projects in Alberta this year could slow the whole country’s momentum.
Also on the rise: Nova Scotia’s largest utility-scale solar facility is complete. Adapture Renewables acquires 450 MW solar portfolio in MISO region. And more.
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