A team of three analysts from global energy consultancy Wood Mackenzie are in Puerto Rico this week helping install solar panels on homes as part of a new initiative with charity Let’s Share the Sun Foundation.
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.
Also on the rise: Price increases and trade uncertainty weigh on solar, TVA prices a green bond offering, and we look at factors that affect rooftop solar longevity.
Price increases, supply chain disruptions, and a series of trade risks are threatening the U.S.’s ability to decarbonize the grid, warned SEIA president and CEO Abigail Ross Hopper.
A reported 345 MW of new energy storage systems were brought online in the second quarter of 2021, according to the U.S. Energy Storage Monitor report.
Wood Mackenzie said that price continues to be a pain point for U.S. consumers as EVs are mostly aimed at the luxury end of the market.
Also on the rise: More minerals and metals will need to be produced for the clean energy transition, new reports say; and S-5! launches a solar project app.
Also on the rise: JinkoSolar says demand softened as polysilicon prices rose in Q1, battery EVs are forecast to rule the roads by 2050, and New York State issues site permits for two solar projects.
Also on the rise: Stem and CleanCapital extend their business ties and eye C&I energy storage, Heliogen raises $108 million from industrial heavyweights for its CSP refinery, and Ameresco will deploy a solar array at Cannon AFB.
A Q1 market report said the biggest impact has been on utility-scale projects, with some developers trying to rework PPAs. It warned that “compounding cost increases across all materials are just beginning to affect installers.”
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