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.
Global solar capacity additions hit 268 GW in 2022: BNEF
BloombergNEF solar analyst Jenny Chase says 268 GW of new solar capacity came online in 2022, with annual installations expected to hit 315 GW in 2023.
The energy storage decade has arrived, BNEF says
Falling battery costs and “surging” renewables penetration make energy storage a “compelling flexible resource in many power systems.”
U.S. renewables persevered, set records in a pandemic year
Solar and wind power installations hit all-time highs and became a larger part of the country’s energy mix in 2020, according to a new report.
You picked ’em: Our most popular articles of 2020
Five articles (well, six, since news about Tesla made it twice) that captured the imagination of our audience during 2020.
Utility-scale solar PPA pricing down 4.7% in 2019, with 13.6 GW of corporate deals signed
LevelTen’s PPA Price Index showed Q4 pricing down 0.9% versus Q3, while BNEF saw nearly 20 GW of solar power corporate PPAs signed globally.
Hardware Brief: Solar+storage+indoor farming, space robots, battery packs at $135/kWh, more!
Sunmodo’s racking hardware has been approved by Sunnova, Schneider Electric and Scale Microgrid Solutions are partnering up to do some indoor farming, Groundwork rents the machines you need to build and maintain your facilities and more! Also – send your gear news to USA-Editors@pv-magazine.com to get in here.
Talking up a rapid renewables transition will get us there faster
Two potentially “self-fulfilling” energy transition narratives are in competition, says a World Economic Forum report. Only one, the “rapid narrative,” would help us limit global warming to the Paris Agreement goal of “well below two degrees Celsius.”
Corporations crave solar more than ever before
Large corporations are purchasing solar in the pursuit of going 100% renewable like never before. However, while solar and wind purchase figures are on the rise, the avenues these purchases come from has changed over the past year.
Utility scale, rather than behind-the-meter batteries will drive energy storage take-up
BNEF has published its latest Energy Storage Outlook report and says large scale deployment will provide the majority of the 1,095 GW/2,850 GWh of battery storage worldwide in 2040, with prices driven down further by grid services demand and EVs.
