Sunrise brief: SunPower warns business may go under
Also on the rise: Waaree Energies to build 5 GW solar cell and module factory in Texas. Who’s on top of the residential solar-plus-storage market? And more.
Trends in U.S. grid-scale energy storage
The IRA’s investment tax credit for energy storage along with increased utility adoption are critical drivers in the growth of energy storage; however, challenges remain in the build-out of the manufacturing of storage needed to support the U.S. goal of getting to net zero.
Record-breaking Q3 for U.S. energy storage deployment
Wood Mackenzie/ACP report estimates that grid scale energy storage deployment increased by 37% quarter on quarter.
U.S. residential solar grows 24% through Q3, tempered expectations for 2024
Wood Mackenzie noted the fundamentals are slowly shifting, as interest rates are expected to cool, and utility electricity rates are scheduled to rise considerably.
Sunrise brief: U.S. adds 33 GW of solar in 2023
Also on the rise: 2024 will be a year of recovery for residential solar, says Enphase co-founder. Largest solar installation in Mississippi begins operations. And more.
After a banner year, U.S. solar industry back on roller coaster through 2026
Solar Energy Industries Association and Wood Mackenzie report estimates that 33 GW of solar was added in 2023. Despite economic challenges in the near future, solar is expected to be the largest source of generating capacity by 2050.
New York State hits a milestone with 2 GW of community solar installed
This top community solar market has a total of 5 GW of distributed solar and another 3.3 GW in development.
U.S. Energy Information Administration says solar power will surpass hydropower by 14% next year
The rapid growth in the generation capacity of solar systems and decreased manufacturing costs can be attributed to this finding.
Ramping up U.S. grid-scale energy storage
Four experts in grid-scale solar and energy storage share insights at the pv magazine Roundtables US 2023 live event.
China expected to dominate solar manufacturing through 2026
A Wood Mackenzie report forecasts that China will hold more than 80% of poly, wafer, cell and module manufacturing capacity for the next three years.
