Four global trends in solar and storage
A review of recent solar and storage related trends as seen by IHS Markit.
IHS Markit: Battery prices won’t fall until 2024
Business data analyst IHS Markit published a series of clean tech predictions for the year that also highlighted the rising proportion of sub-5MW solar projects in the global market, and cheaper clean energy financing costs even as panel prices continue to rise.
Global energy storage demand is accelerating, Wood Mac says
The U.S. and China are expected to dominate the global storage market, making up more than 70% of total global installed capacity through 2030.
Supply shortages likely to hit utility energy storage as EV demand grows, IHS Markit says
Cell manufacturers are expected to prioritize larger customers in the automotive industry over relatively small energy storage system integrators.
Vehicle-to-grid inches closer to reality, but barriers remain
V2G tech could offer low-cost energy storage at a huge scale, but many barriers must be overcome.
Carbon capture expansion a key action in achieving net zero emission goals
Carbon capture, utilization, and storage projects must double every five years to achieve net zero, IHS Markit says in a new report.
IHSM clean energy insights: High module prices and shipping costs jeopardize 2021 installation outlook
In the first installment of a new monthly blog by IHS Markit, Edurne Zoco, executive director for clean energy technology, writes that high prices and increased freight costs are putting solar PV procurement teams under extreme pressure, particularly those teams with connection deadlines this year that were anticipating a more favorable pricing and logistic environment in the second half of 2021.
Sunrise brief: A solar + storage project stumbles, and a utility scrambles for capacity
Also on the rise: Engineering and construction costs across all sectors continued to rise in May with expectations of no easing through the fourth quarter, IHS Markit says.
These countries are the world’s best for renewable energy investment
IHS Markit released its latest Global Renewables Markets Attractiveness Rankings that evaluates countries based on measures related to investment confidence and ease of development.
Sunrise brief: GOP bill aims to ban federal funds to buy solar equipment made in China
Also on the rise: Concentric Power builds a microgrid, research pegs smoke’s impact on 2020 solar output, SolRiver buys a Carolinas development portfolio, jobs growth could signal good times for solar installations, and Plug Power plans another green hydrogen plant.
