U.S. solar market expected to triple in size in five years
The solar industry had its best first quarter in history as supply chain challenges fade, according to U.S. Solar Market Insight Q2 2023 report.
Tesla misses its own expectations for Solar Roof deployments
Three years ago Tesla said it expected to install 1,000 solar roofs per week, which would have amounted to 156,000 Solar Roofs in that time period. Wood Mackenzie reports that only 3,000 have been installed to date.
California tops the virtual power plant market
Wood Mackenzie report finds that California has more VPPs than the three follow-up U.S. states combined.
Fast EV charging market to grow sixtyfold by 2050
With more than 70 EV charging networks currently deployed in North America, a Wood Mackenzie report forecasts rapid growth.
U.S. energy storage capacity to increase nearly 6x in five years
Through 2027, the U.S. is expected to add 75 GW of battery energy storage across all sectors, said Wood Mackenzie and American Clean Power Association.
Sunrise brief: Volatile electricity markets should give solar financial modelers pause
Also on the rise: Silfab Solar raises $125 million for U.S. cell and module manufacturing. Tariff investigation, equipment detainments lead to 16% drop in new solar capacity in 2022. And more.
Tariff investigation, equipment detainments lead to 16% drop in new solar capacity in 2022
U.S. Solar Market Insight 2022 Year in Review reports a drop in solar growth due to anti-circumvention tariffs and UFLPA; however, the long-term forecast sees the U.S. solar industry as a pillar of the energy transition, expecting a 60 to 70 GW annual market toward the end of the outlook.
Interconnection delays slow U.S. community solar growth
While community solar dropped 16% in 2022, it’s still expected to double by 2027, according to a new report from Wood Mackenzie and Coalition for Community Solar Access.
U.S. energy storage market set for take off
The U.S. Inflation Reduction Act (IRA) is set to ignite the energy storage market in 2024, as analysts expect up to 65 GW/260 GWh of projects through 2026. The outlook is for battery project sizes to increase as the pipeline takes shape.
Sunrise brief: EDF installed 1 GW of solar, wind and storage in 2022
Also on the rise: In 2022 pv magazine USA website traffic up 83%, reflecting dynamic solar industry. GM announces $650 million production plan with Lithium Americas. And more.
