Has the Inflation Reduction Act bolstered the U.S. solar supply chain?
Wood Mackenzie is tracking the capacity that manufacturers have announced will come online in the U.S.; however, three challenges remain including a balance of materials, pricing and tariffs.
Strong state solar policies boost adoption of distributed energy
Of the 29 GW of solar installed in the U.S. in 2023, 31% was distributed solar, according to the Institute for Local Self-Reliance.
U.S. solar exceeds five million installations
Over half of all U.S. solar installations have come online since the start of 2020 and over 25% have come online since the Inflation Reduction Act became law.
November election pivotal to clean energy momentum
A Wood Mackenzie report that a Republican victory in 2024 presidential election could put $1 trillion energy investment on the line and put pressure on states to step up.
Sunrise brief: IRA should incentivize steel solar frames, says report
Also on the rise: Minnesota sues GoodLeap, Sunlight, Mosaic and Dividend over dealer fees. Improving transmission planning. And more.
IRA should incentivize steel solar frames, says report
A report from Origami Solar and Wood Mackenzie advises that if the U.S. solar industry switched from aluminum to recycled steel frames, it would no longer need to import aluminum frames from Asia.
High interest rates are challenging the global transition to renewable energy
A report from Wood Mackenzie examines how the global shift to heightened interest rates to combat inflation is squeezing the energy transition.
Mercom, WoodMac note challenging PV investment climate in Q1
Mercom Capital Group says that total corporate solar funding, global venture capital funding, public market financing, and PV mergers and acquisitions all fell year on year in the first quarter of 2024. The sector is still grappling with high interest rates, which Wood Mackenzie says is disproportionately affecting renewables projects.
Solar now accounts for over 50% of new electricity capacity added to the U.S. grid
Looking back at the first full year since passage of the Inflation Reduction Act, the U.S. Solar Market Insight, Year-in-Review 2023 shows that the legislation has skyrocketed the industry and will have a lasting economic impact in terms of energy, jobs and investment opportunity.
Baltimore Gas and Electric installs battery storage system to manage winter peaks
The 2.5 MW/9.74 MWh Hitachi Energy facility helped the utility avoid distribution upgrade costs and also participates in the PJM Interconnection.
