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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.

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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.

‘Make it burn’ and other lithium-ion first responder guidance

American Clean Power has published a guide for first responders on lithium-ion battery energy storage system emergencies, offering insights based on the 2023 NFPA 855 code revision.

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Vertical bifacial solar seeking greenhouse albedo and deployment space

A farmer in the United States has installed vertical bifacial solar, leveraging greenhouse albedo to increase output. The installation demonstrates promising generation during winter months, while maximising limited land space.

New software modelling tool for agrivoltaics

Sandbox Solar, a solar developer and US federal grant recipient, has released a beta version of its software modelling tool for agrivoltaic power plants. It supports the design and optimisation of solar panels, as well as the crops underneath.

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