Building a U.S. battery supply chain
U.S. demand for battery energy storage systems will grow six-fold by 2030, according to a recent report by SEIA, but only with serious investment, coordination with experienced manufacturers and collaboration with allies.
First Solar closes $700 million in tax credit transfer sales
The solar panel manufacturer closed the sale of Inflation Reduction Act tax credits.
Waaree Energies to build 5 GW solar cell, module factory in U.S.
India’s Waaree Energies says it will build a solar module manufacturing facility with an initial capacity of 3 GW per year by December 2024. It plans to ramp up to an integrated 5 GW cell facility by 2027 and has already secured an offtake contract with SB Energy.
Trends in U.S. grid-scale energy storage
The IRA’s investment tax credit for energy storage along with increased utility adoption are critical drivers in the growth of energy storage; however, challenges remain in the build-out of the manufacturing of storage needed to support the U.S. goal of getting to net zero.
Guidance released for 45x clean energy manufacturing tax credits
The IRS has released guidelines for attaining the lucrative manufacturing credits contained within the Inflation Reduction Act.
SMA to build 3.5 GW inverter factory in U.S.
SMA Solar Technology AG says it will open a new 3.5 GW inverter factory at an unspecified location in the United States in 2025. The German manufacturer is currently talking with several U.S. states and potential partners to select the best production site.
After a banner year, U.S. solar industry back on roller coaster through 2026
Solar Energy Industries Association and Wood Mackenzie report estimates that 33 GW of solar was added in 2023. Despite economic challenges in the near future, solar is expected to be the largest source of generating capacity by 2050.
U.S. draft rules may disqualify Australian critical minerals from IRA subsidies
A number of critical mineral producers will likely be ineligible for U.S. Inflation Reduction Act (IRA) subsidies, as the US government has published draft rules forbidding access to enterprises with stakes held by Chinese investors.
Ensuring equitable access to influx of clean energy jobs
Registered apprenticeship programs are one way to ensure that a large, diverse workforce can build the infrastructure necessary to hit 2030 targets for renewable electricity generation.
Renewable energy industry outlook shines a light on solar
Deloitte’s 2024 industry outlook identifies five trends and details the challenges, while predicting a strong future for U.S. solar and storage.
