What was new in the world of solar energy in November? That is, what significant changes occurred in the industry? For the second month in a row, summarizing a list of those changes is the humble goal I’m trying to accomplish.
After leading the way for several years, SolarCity is expected to lose its spot as leading residential solar lease provider in the United States to its main competitor, Sunrun, by the end of the year, according to new data from GTM Research.
What happened in the solar & storage industries in October? A lot! Below is a concise summary of the most notable solar and energy storage stories of the month.
One of America’s leading residential solar installers, Sunrun, posted yet another strong quarter, this week announcing that it had beat expectations and deployed 90 MW and taken in total revenue of $141.3 million for the third quarter of 2017.
Aid and recovery efforts continue for Puerto Rico. Disheartening news is that more than 50% of Puerto Rico is without clean water in mid-October. Puerto Rico is storm battered from Hurricane Maria, a more extensive human crisis than even Hurricane Katrina created. Stepping in to hasten recovery is a Bay Area–based nonprofit in collaboration with other helping arms.
Empowered by Light, Sunrun, and Givepower are responding to the need by focusing on compassionate, long-term response and environmentally friendly solutions.
Residential energy storage has the potential to be one key solution for effectively integrating distributed renewables into the future electricity mix. It is already seeing solid traction and offering respectable returns in some markets around the world. Hawaii and Australia, among others with their high electricity prices and vast solar resources, have become hotspots for residential energy storage.
Millennials (Generation Y) are becoming the largest consumer demographic on the market, overtaking baby boomers. This shift is also helping to redefine customer relationships between clients and utilities, according to a recent report. The report, from consumer advocacy group Smart Grid Consumer Collaborative (SGCC), confirms this shift we are starting to see.
Sunrun, the largest dedicated residential solar provider in the United States has teamed up with Comcast, one of the country’s largest telecos, in a deal which will make Sunrun the exclusive solar energy provider for Comcast Cable, and in which Comcast Cable will serve as a marketing and investment partner.
One of the United States’ leading residential solar installers, SunRun announced this week that it had exceeded 1 GW worth of cumulative installations after 10 years, but despite continued incremental growth, the company fell short of market expectations in its second quarter.
The cost of acquiring new residential solar customers for installers has disappointed predictions, increasing in costs over the past several years, and will continue to increase before beginning to decrease in 2019, according to a new report from GTM Research.
