It seems like yesterday that Ron Corio told me at a lunch with engineers that energy storage will be the next big thing since solar power. It was years ago. Well, development happened quickly, time went by, and now it’s here to stay. Residential energy storage installations just hit an … [continued]
Last week, I wrote about the enormous growth in US manufacturing construction investment that has come from Joe Biden’s strong reshoring and new manufacturing policies (see graph above). Solar technology manufacturing is a part of that and the US Solar Market Insight Q4 2024 report released today by the US … [continued]
Why are solar power and wind power dominating new power installations? Because they’re cheaper. The problem with some big purchases people make, and plenty of little purchases, is we look at the upfront cost of something instead of the long-term, lifetime cost. The good thing about purchases of big power … [continued]
U.S. solar industry added 9.4 GW of new installation capacity in Q2 2024, but challenges persist that hinder the market’s full potential. ANAHEIM, California and WASHINGTON, D.C. — Solar module manufacturing capacity in the United States now exceeds 31 gigawatts (GW) — a nearly four-fold increase since the Inflation Reduction … [continued]
Solar installations in the US are booming and manufacturing is ramping up, but too many cheap solar panels from China may short circuit the boom.
One of the core areas of focus of the Biden–Harris administration has been growing cleantech — getting more solar power plants build, getting more solar panel factories up and running in the United States, installing more EV chargers, selling more electric cars and trucks, getting offshore wind power going in … [continued]
Global solar deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth is forecast for energy storage From 2024 to 2033, developers will bring more than 5.4 terawatts (TWac) of new solar and wind capacity online, increasing the cumulative … [continued]
Market sees an 84% increase compared to Q1 2023 The U.S. energy storage market set a first-quarter record for capacity installed in Q1 2024, with 1,265 megawatts (MW) deployed across all segments. This marks the highest storage capacity ever installed in a first quarter in the U.S., representing an 84% … [continued]
Solar power in America is booming, but there are challenges ahead as the pause on imported solar panel tariffs has now expired.
The demand for electricity is increasing so fast that many in the utility industry are surprised by the spike coming in just a few years.
