Sunrise brief: Slowing residential solar growth continues into 2024
Also on the rise: IRENA says world needs 1.1 TW of renewables per year, what’s in store for energy storage, and more.
Slowing distributed energy growth continues into 2024
Ohm Analytics reported that the 2.3 GW of distributed generation, which includes rooftop solar, deployed in Q4 2023 marked the end of a long period of growth. Roth MKM warns that if a turnaround does not occur soon, residential solar could decline by 20% to 30% in 2024.
Sunrise brief: Can anything topple lithium-ion?
Also on the rise: Tesla’s power play, New York announces clean hydrogen funds, solar wafer market oversupply, and more.
Oregon makes it easier to connect distributed solar and storage
Oregon has enabled more solar on each distribution circuit by setting smart inverter requirements, and has made it easier for export-limiting distributed storage projects to receive interconnection approval.
Florida-based rooftop solar and storage company goes public
Regional solar, storage, and energy efficiency provider Sunergy: By Zeo Energy joined the NASDAQ exchange following an acquisition by ESGEN Acquistion Corp.
Sunrise brief: How to boost U.S. solar rooftop installations
Also on the rise: Bloom Energy teams up with Shell to look at large-scale hydrogen projects. A look at the great transformer shortage affecting U.S. utilities. And more.
Policy recommendations to support U.S. rooftop solar installation
Rooftop solar has the technical potential to serve 45% of electricity demand, based on 2022 demand levels, said a report from Environment America. As of that year, it served about 1.5% of electricity consumed.
Massachusetts expands solar net metering, bucking a national trend
Massachusetts expanded access to net metering, showing a commitment to distributed energy. The Department of Public Utilities expects to save ratepayers $10 million with the regulatory change.
Massachusetts lawmakers urged to adopt “million solar roofs” equivalent
In California, Governor Schwarzenegger’s million solar roofs initiative spurred the nation’s largest small-scale solar market. Environment America created a petition to support a 10 GW buildout of solar in Massachusetts to preserve its forests and other lands.
Fire department nets 40% tax credit and $18,000 state rebate for rooftop solar
A fire station in Superior, Wisconsin will save on energy bills and cut emissions with solar.
