A report from Ernst & Young shows that despite inflationary pressures, solar remains the cheapest source of new-build electricity. The global weighted average levelised cost of electricity for PV is now 29% lower than the cheapest fossil fuel alternative.

GCube Insurance says that hail damage accounts for less than 2% of filed claims but constitutes more than 50% of total costs for solar facility loss claims.

Enphase’s new IQ8-3P solar microinverter offers peak power output of up to 480 W.

In its first commercial project, United States-based solar technology company Terabase Energy has successfully installed 17 MW of a 225 MW solar facility with its automated Terafab platform.

ClearVue plans to install clear solar glass on a System USA greenhouse in California, adding 82 kW of power.

Sandia National Laboratories and CSolPower have started researching the use of landscaping gravel as a thermal energy storage medium.

Hitachi Energy will take majority ownership in eks Energy, a power electronics and energy management solutions provider.

Meanwhile, the automaker’s energy storage unit boosted revenues by 40%, according to its Q3 earnings report.

Through the first nine months of 2023, $45.56 billion (USD 28.9 billion) of venture capital, public market, and debt financing was injected into solar, says a report from Mercom Capital Group.

Multiple factors affect the lifespan of residential battery energy storage systems. We look at the lifespans of batteries in the third part of this series.