Longi posts 60% annual revenue increase despite polysilicon pricing sensitivity
Longi shipped 46.8 GW of silicon modules, representing three years of sequential growth from 24.5 GW shipped in 2020.
Senate votes to resume solar tariffs, threatening clean energy supply
The United States Senate voted to overturn President Biden’s two-year pause on tariffing solar goods shipped from four Southeast Asian nations responsible for 80% of solar supply. Biden is expected to veto the resolution.
Big PV plants may have positive climate impact in deserts, say researchers
Chinese researchers have discovered that solar plants might reduce evaporation and wind speeds in the Gobi Desert, while also increasing soil relative humidity, according to a series of simulations with different emission scenarios.
LG launches U.S. residential energy storage system
The new residential storage system connects two 10-hour batteries or 16-hour Prime battery modules in parallel to offer a capacity of 19.2 kWh to 32 kWh, with a maximum output of 9.6kW from the inverter.
First Solar Q1 2023 revenue down, with investments in U.S. facilities taking precedent
Company expects to recognize about 25% of its full year guidance in the first half of 2023 and 75% in the second half, based on the advanced manufacturing production tax credit (45X) of the IRA taking effect.
Biden to maintain solar tariff pause with veto
Legislators are moving to restore tariffs for the shipment of solar components from four major Southeast Asian nations, but the President will veto the move and maintain the pause on tariffs.
Solar panels on downed Chinese balloon powerful enough for advanced radar
The balloon, downed off the coast of South Carolina, contained 10 kW of solar generation capacity, similar to that of a typical rooftop installation.
Tesla announces Megapack stationary battery factory, eyes 2.3 TWh production in master plan
Tesla’s announced second Megafactory will be located in Shanghai and come online by 2024, increasing the company’s annual global Megapack manufacturing capacity to 83 GWh/year. At this rate, and according to Tesla master plan, only 55 more Megafactories are needed in order to achieve 100% clean energy globally.
U.S. costs are too high for new Chinese solar polysilicon factory
GCL Technology Holdings, a global leader in polysilicon, said it is looking to expand its operations outside China, but the United States doesn’t appear to be a viable location, reports Bloomberg.
North America represents 21% of global energy storage market by 2030
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.
