The global energy storage market is growing at a strong 23% compound annual growth rate, with annual additions projected to reach 88 GW/278 GWh in 2030, or 5.3 times the expected 2022 level for new installations, according to BloombergNEF’s 1H 23 energy storage outlook.
The study surveyed homeowners as well as solar professionals to learn what incentivized homeowners to go solar, their interest in energy storage, challenges faced by solar professionals and the myths that still hang over the solar industry.
Meta has revealed that its renewable energy deployments are growing by 30% each year. Meta has already deployed 3.56 GW of solar capacity, and has over 9 GW in its long-term development pipeline.
One provision awaiting clarity to proceed is transferability, or the sale of tax credits. This week at the SEIA Finance, Tax and Buyers Seminar, guidance surrounding transferability was the most anticipated topic of discussion for the near-capacity conference audience.
Also on the rise: Minimizing EV impact on the grid. Made-in-the-USA solar panels could cut emissions by 30%. And more.
Reshoring crystalline silicon PV panel manufacturing to the United States by 2035 could cut greenhouse gas emissions by 30% and energy consumption by 13% from 2020 levels, according to scientists from Cornell University.
The request recently filed with the Louisiana Public Service Commission to add an additional 3 GW of solar power to its generation portfolio is on top of the nearly 225 MW requested earlier in the month.
EnergyBin released its annual PV Module Price Index, which shows that module prices have come down since they peaked in 2022, but are still more expensive than they were in 2020.
Also on the rise: The reshoring of American solar manufacturing has begun. Job moves in clean tech. And more.
Do the lowest-cost modules always deliver the highest project value?
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