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.
The world’s largest solar panel manufacturer is coming to Ohio
Longi Solar is combining forces with solar developer Invenergy to build a 5 GW/year solar module manufacturing facility in Pataskala, Ohio.
A moral trilemma for U.S. solar procurement
U.S. solar was disrupted in 2022, with module seizures delaying projects due to strict laws designed to stamp out alleged forced labor practices in sections of the Chinese PV industry. However, it remains to be seen whether seizures affected such alleged practices.
Maxeon posts Q4 2022 revenue beat, increased shipments, stock up 44%
Maxeon module shipments of 734 MW were above ROTH MKM Partners’ estimate of 699 MW, and a 27.2% improvement over 577 MW shipped in Q4 2021.
Weekly Solar Earnings Recap: Daqo, FTC and First Solar
pv magazine USA’s recap of notable upstream solar, integrated solar, finance and rooftop installers that reported fourth quarter or fiscal year earnings over the last week.
Growatt opens automated factory in Vietnam to produce batteries, inverters
Growatt has an expansion plan to achieve an annual production capacity of 500,000 units of inverters and 100,000 units of batteries to serve the growing U.S. market as well as other markets throughout the world.
LG Energy Solution sees record profit in Q4
One of the leading global battery manufacturers, LG Energy Solution, announced an increase of 43% in revenue and nearly 60% in operating profit as it seeks to expand in North America.
