U.S. energy storage installations grow 33% year-over-year
Storage deployment grew across all segments and is forecast to grow another 25% in 2025, according to Wood Mackenzie.
Residential solar declined 31% in 2024
Despite the down year, Wood Mackenzie forecasts the market to more than triple in size by 2035.
U.S. solar installations forecast to decline 1% annually through next decade
Solar may have had a peak year in 2024, as persistent challenges in interconnection labor and more are forecast to lead to 1% annual declines through 2035, said a report from Wood Mackenzie.
Trump’s energy agenda to encounter roadblocks, Wood Mackenzie says
Wood Mackenzie’s report explores the progress made against renewable power targets and the implications of Trump 2.0.
U.S. community solar jumps 35%, but faces future uncertainty
A recent report by Wood Mackenzie and the Coalition for Community Solar Access finds that 1.7 GW of community solar was installed in the U.S. in 2024.
U.S. adds 30 GW of PV capacity in 2024
The U.S. added 30 GW of solar in 2024 and solar is expected to remain the largest source of new generating capacity added over the next two years.
Wood Mackenzie predicts solar growth will stagnate in 2025
Wood Mackenzie’s latest report forecasts that 493 GW (DC) of solar will be added throughout the world this year, compared to 495 GW in 2024. Solar module prices are expected to rise this year as manufacturers aim to recover profit losses from the past two years.
After liftoff, DOE looks to accelerate virtual power plants
Virtual power plant capacity must double to meet demand, the Department of Energy said in its latest report on virtual power plants.
Examining final rules for clean hydrogen tax credit
Industry thought leaders indicate that the changes in the final rules for the 45V tax credits are positive, but they will not reduce dependence on polluting fossil fuels.
Despite innovative action in microgrid policies, states have a long way to go
A new report by Think Microgrid says most states are doing an insufficient job at deploying microgrids despite developing microgrid roadmaps.
