The U.S. Inflation Reduction Act (IRA) is set to ignite the energy storage market in 2024, as analysts expect up to 65 GW/260 GWh of projects through 2026. The outlook is for battery project sizes to increase as the pipeline takes shape.
While NEM 3.0 is expected is to slash the rate paid for solar energy sold back to the grid, batteries can help maintain the value of solar. The next wave of clean technology adoption, however, must seek non-lithium batteries and take advantage of new safe and affordable chemistries.
Also on the rise: Duke Energy to cut jobs following Q4 loss. $2 billion loan for battery material gigafactory. And more.
The new battery materials gigafactory in Nevada will produce materials to support the manufacture of 1 million electric vehicles annually.
Duke’s five-year capital plan of $65 billion is focused on energy transition investments, which it says is a considerable increase over previous budgets, while its current budget removes almost $3 billion of capital it would have invested into the utility solar and distributed generation business.
The Smart Electric Power Alliance survey reports utilities’ progress on actions that can support the deployment of solar, wind and storage.
As we enter Super Bowl weekend, pv magazine looks at how the National Football League and other major league sports adopt solar.
Also on the rise: SnapNrack introduces solar mount that attaches to modulee bfore roof. IRA spurs 101K clean energy jobs in first six months. And more.
Budderfly, a Connecticut energy-as-a-service company, is reviewing new solar offerings with Ryders Health, Sonic and Subway restaurants.
The TopSpeed solar mount begins installation on the ground, limiting time spent on the roof.
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