WoodMac analysis says solar costs will continue to fall in the year ahead, with AI, 5G and the IoT-infused manufacturing set to make solar products cheaper and curb the labour cost advantage currently enjoyed by Asian firms.
The US’ two leading states in solar and energy storage, New York and California, have taken steps towards valuing the locational and time-of-use value of distributed energy resources and other states should follow, the Solar Energy Industries Association (SEIA) has said.
In less than 10 years, distributed solar-plus-storage systems will reach 27.4GW worldwide and be worth more than US$49.1 billion, with Asia and Western Europe leading the way, a new report from Navigant Research has forecast.
The power capacity of global installed front of the meter energy storage is expected to reach 21.6GW in 2025, according to a new report by Navigant Research, with one of the firm's analysts calling this exponential growth prediction "dramatic", but also realistic.
Solar Intelligence analyst Finlay Colville reports back from SNEC in Shanghai, which finished yesterday. In the first installment of a two-part blog, he draws on his extensive knowledge and analysis of the global PV market to put his findings into the context of wider trends.
While seeming “tech breakthroughs” garner a great deal of media attention, the three key factors in determining the likely impact of storage tech companies are innovative technology, scalability and a proven track record, a Bloomberg New Energy Finance analyst has said.