U.S. grid-scale storage leaps 63%, residential storage 132%
The utility-scale energy storage sector added 4.9 GW in Q2, representing 63% year-on-year growth, while residential storage increased by 608 MW, said a report from American Clean Power Association and Wood Mackenzie.
VPP deployments jump 33%, but capacity growth more modest, Wood Mackenzie says
Virtual power plant (VPP) capacity grew a modest 13.7%, while company deployments, unique offtakers and monetized programs each grew over 33% from the previous year, Wood Mackenzie’s annual VPP report found.
Solar leads as U.S. grid interconnection agreements grow 33%
Interconnection agreements grew 33% year-over-year in 2024 and are sustaining momentum through 2025, said Wood Mackenzie.
Grid transformers face significant supply deficits, says Wood Mackenzie
Power transformer supply may fall short 30% this year, while distribution transformers may reach a 10% supply deficit in 2025, said the firm.
Tesla remains top global battery energy storage system integrator
Tesla retained the top spot for global market share of battery energy storage systems, though the gap is closing in the “incredibly intense” competitive landscape, said Wood Mackenzie.
Federal budget bill to cut residential solar in half through 2030, said Wood Mackenzie
The One Big Beautiful Bill Act policy changes could cut installations by up to 46%, but long-term market has “massive potential.”
U.S. solar projects face development crunch while Canada says “Build, baby, build”
Solar developers prioritize advanced-stage projects in the U.S. due to tightened tax credit deadlines, while projects in Canada are “full speed forward.”
What utility-scale solar project developers should know about One Big Beautiful Bill
Developers will need to navigate expiring tax credits, stricter “safe harbor” rules and foreign content restrictions.
WoodMac: World needs 1.4 TW of grid-forming batteries by 2034
The data company says investments of $1.2 trillion in battery energy storage systems (BESS) will be required to support the installation of over 5.9 TW of new wind and solar capacity globally through 2034.
Solar companies adapt in changing times
pv magazine USA spoke with Solar Insure’s Dean Chiaravallotti who shared his thoughts on ways in which solar businesses can adapt, innovate and be strategic.
