EV charger market to double in five years
Wood Mackenzie’s annual U.S. distributed energy resource outlook expects the market to nearly double by 2027, with 262 GW of new DER and demand flexibility capacity forecast.
Sunrise brief: U.S. solar market expected to triple in size in five years
Also on the rise: BMW electric vehicle battery supplier breaks ground on 30 GWh factory. Solar development found to not impact biodiversity. And more.
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.
