Panasonic exits solar and battery storage
Panasonic has told its installation partners that it will no longer produce products for the residential solar and storage markets but will continue to offer warranty and installation support for existing and ongoing projects.
Global solar installations could reach 1 TW next year
BloombergNEF reports the world installed nearly 600 GW of solar power in 2024, closely aligning with projections that annual global solar installations will surpass 1 TW within the next few years. Although projections for 2025 currently fall short of that pace, early forecasts often underestimate actual deployment.
Trump orders pause to IRA funding
An executive order released by the newly installed United States government states, “All agencies shall immediately pause the disbursement of funds appropriated through the Inflation Reduction Act of 2022.”
Global PV investment to surpass $765 billion in 2024
The International Energy Agency projects that solar will attract more investment than all other electricity generation sources combined. Global energy spending is set to surpass $4.59 trillion (USD 3 trillion) for the first time this year.
Tesla battery deployment up 157%; Megapack pricing down 44%
In its latest quarterly press release, traditionally focused on vehicle production, Tesla revealed a significant increase in energy storage deployment, officially reporting revenue for 9.4 GWh of deployed storage products.
Aiko presents ABC solar module with world record efficiency of 25.2%
The Chinese back-contact module maker said its new products rely on the company’s all-back-contact cell technology and feature a temperature coefficient of -0.26% per C.
Report shows car batteries can optimise power grid
A report commissioned by the Australian Renewable Energy Agency has found that if 10% of the nation’s vehicles are electric and utilise vehicle-to-grid connections, they could reduce peak electricity demand at local substations by 6% and save car owners hundreds of dollars per year on charging costs.
New solar installations to hit 413 GW this year, says BloombergNEF
BloombergNEF says historically low module prices will drive the global solar industry to record installations in 2023.
Solar-plus-storage outperforms diesel in US military survival analysis
The US Department of Energy’s National Renewable Energy Laboratory (NREL) has determined that Antora Energy’s solar-plus-storage system meets the US military’s stringent standards, as it significantly outperforms emergency diesel generators in survivability probabilities.
A terawatt of solar module capacity expected within 16 months
Clean Energy Associates projects that major Chinese manufacturers will achieve a global solar module manufacturing capacity of 1 terawatt by the end of 2024. Furthermore, this capacity is projected to hit that same mark within China’s borders by 2025.
