MIT scientists develop concentrated solar power system to produce hydrogen
Massachusetts Institute of Technology (MIT) scientists have developed a train-like concentrated solar power (CSP) system for hydrogen production, with plans to build a prototype in the coming year. They say that this innovative system can capture up to 40% of the sun’s heat to produce environmentally friendly hydrogen fuel.
Global solar industry corporate funding grows 55% year-over-year
Through the first nine months of 2023, $28.9 billion of venture capital, public market, and debt financing was injected into solar, said a report from Mercom Capital Group.
Solar advocates appeal North Carolina net metering cuts
Payment cuts to rooftop solar generation exports were in violation of state law, said the appeal.
3Sun to offer Oklahoma-built modules by 2025, perovskites possible by 2027
3Sun, once limited to Enel projects, has plans for up to 9 GW of global module manufacturing capacity split between the Old and New World locations – with the potential of perovskite modules being available in 2027.
Construction begins on 550 MW solar / 150 MW energy storage in Mississippi
Origis Energy and the Tennessee Valley Authority announced the facilities, which will be built in three phases.
Solar cell prices are expected to hit fresh record lows following China’s Golden Week
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Solar PV LCOE expected to slide to $0.021/kWh by 2050, DNV says
By mid-century the levelized cost of energy (LCOE) for solar PV will be $0.021/kWh, a new report by risk management company DNV predicts. The learning rate for solar is predicted to decrease from 26% to 17% by 2050.
Vermont utility announces emissions-free “zero outages” initiative
Green Mountain Power targets zero power outages by 2030, backed by a strong contribution from solar, wind, and energy storage linked in microgrids.
U.S. utility-scale solar to more than double installations year-over-year
Over 10.4 GW was deployed in 2022, while 2023 totals may exceed 24 GW, said Lawerence Berkeley National Laboratory.
The race for 100% solar
With utility scale solar installations accelerating, Philip Wolfe, founder of PV data consultancy Wiki-Solar, drills into the data to highlight some interesting variations in relative progress around the world.
