NEW REPORT: Q4 2022 Shows Positive Energy Storage Growth, But Policy and Market Headwinds Slow Clean Energy Potential
The U.S. clean energy industry installed over 25 GW in 2022 after adding nearly 10 GW in the fourth quarter. Project owners commissioned 451 new project phases in 47 states and DC in 2022
LITHIUM-ION BATTERY PACK PRICES RISE FOR FIRST TIME TO AN AVERAGE OF $151/KWH
The upward cost pressure on batteries outpaced the higher adoption of lower cost chemistries like lithium iron phosphate (LFP). BloombergNEF expects prices to stay at similar levels next year, further defying historical trends.
CHINA'S BATTERY SUPPLY CHAIN TOPS BNEF RANKING FOR THIRD CONSECUTIVE TIME, WITH CANADA A CLOSE SECOND
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Canada's recent investment in its upstream clean energy supply and increasing demand in the US-Mexico-Canada Agreement (USMCA) region increases the country's competitiveness
Inflation Reduction Act Delivers Hope to Renewable Industry, but Price Impacts Could Take Years
LevelTen Energy's newly released Power Purchase Agreement (PPA) Price Index reveals that North American P25* solar and wind PPA offer prices increased 9.6% to $45.93 per MWh in the third quarter of 2022. Year-over-year, prices have increased 34%.
GLOBAL ENERGY STORAGE MARKET TO GROW 15-FOLD BY 2030
Energy storage installations around the world are projected to reach a cumulative 411 gigawatts (or 1,194 gigawatt-hours) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF).
RENEWABLE ENERGY SECTOR DEFIES SUPPLY CHAIN CHALLENGES TO HIT A RECORD FIRST-HALF FOR NEW INVESTMENT
Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year. The uptick in investment reflects an acceleration in demand for clean energy supplies to tackle the ongoing global energy crises.
Clean Energy Deployment Slowed Substantially in Q2 as Policy Inaction and Economic Uncertainty Imperils Energy Transition
During the second quarter, the industry saw a 55 percent decline in project installations from the same period in 2021, with 3,188 megawatts (MW) of utility-scale clean power capacity installed.
PVEL Reveals Top Performing Manufacturers in 2022 PV Module Reliability Scorecard
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PV Evolution Labs (PVEL), the leading independent test lab for the downstream solar and energy storage industry published its 2022 PV Module Reliability Scorecard, which names 122 model types of PV modules from 25 manufacturers as Top Performers in PVEL's testing.
Report From Clean Energy Canada Shows Opportunity for Growth in EVs
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The report analyzed and compared ownership costs of popular EV models to traditional vehicles and the findings were significant. Continue reading to review the findings and learn about the future of the global EV market.
Wind Industry enjoyed its second-best year but scaling-up for Net Zero requires policy breakthrough
Record years for several regions and offshore wind reflect strong market growth, but installations must still quadruple by the end of the decade to meet a net zero pathway.
Post-Pandemic Economic and Development Challenges for Solar
What got us till here may not be sufficient to take us to the finish line. Persistent efforts at an accelerated pace in the right direction is vital to reach decarbonization goals by 2035.
World Energy Storage Day: Fixing Flaws in Li-ion Batteries
IDTechEx have forecasted lithium-ion battery demand to reach over 2500 GWh for electric vehicles alone. However, the uptake of lithium-ion batteries is not without cost - they still present both technological and environmental problems.
CAREFUL POLICY DESIGN COULD UNLOCK MASSIVE ROOFTOP SOLAR MARKET AROUND THE WORLD
New BloombergNEF and Schneider Electric report finds rooftop solar market still largely untapped with potential to exceed 2,000 gigawatts of solar and 1,000 gigawatt-hours of energy storage by 2050
GLOBAL WIND INDUSTRY HAD A RECORD, NEAR 100GW, YEAR AS GE, GOLDWIND TOOK LEAD FROM VESTAS
Global commissioning of wind turbines was up 59% to 96.3GW in 2020 as installations surged in China and the U.S. New offshore wind capacity was down 19%
Wind Industry Closes Record 2020 With Strongest Quarter Ever
Record wind power added in Q4 outpaces total for all of 2019
Solar and energy storage also post record annual installations
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