China

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.

Longi Solar is combining forces with solar developer Invenergy to build a 5 GW/year solar module manufacturing facility in Pataskala, Ohio.

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.

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.

The tariff reaches as high as 250% of the cost of solar components shipped from four Southeast Asian countries responsible for 80% of the supply of solar in the US.

Also on the rise: Department of Defense maintains strong commitment to renewable energy. Longroad Energy begins construction of its largest solar-plus-storage project. And more.

Longi Solar said it will invest approximately $6.6 billion in 100 GW of wafer capacity and 50 GW of solar cell capacity in Shaanxi province, China.

The new series of microinverters can connect to up to four modules at once and contain two maximum power point trackers.

Scientists in China have developed a new way to split seawater into hydrogen without using a separate desalination process.

Growatt’s new APX HV cobalt-free lithium iron phosphate (LFP) battery has a storage capacity of 5 kWh and a nominal voltage of 650 V.