Inflation Reduction Act to Help US Solar Installations to Triple by 2027: Report

Inflation Reduction Act to Help US Solar Installations to Triple by 2027: Report

Overall solar installations across all market segments in the United States are likely to triple in size, increasing from 129 GW to 336 GW in the next five years, a ...
/ / Markets & Policy, Solar
Battery Storage Company Flux Power's Revenue Up by 89% YoY in Q3 FY 2022

Battery Storage Company Flux Power’s Revenue Up by 89% YoY in Q3 FY 2022

U.S.-based lithium-ion storage solutions provider Flux Power Holdings recorded $13.2 million in revenue in the third quarter (Q3) of the fiscal year 2022, an increase of 89% from $7 million ...
US Installs a Record 4.7 GWh of Energy Storage Capacity in Q4 2021

US Installs a Record 4.7 GWh of Energy Storage Capacity in Q4 2021

The U.S. energy storage system (ESS) market registered a record growth in new system installations with 4,727 MWh in the fourth quarter (Q4) of 2021, according to global research and ...
Global Lithium-ion Battery Capacity To Increase Five-Fold To 5,500 GWh By 2030 Report

Global Lithium-ion Battery Capacity to Increase Five-Fold to 5,500 GWh by 2030: Report

According to Wood Mackenzie, a global research and consultancy firm, the cumulative lithium-ion battery capacity is likely to rise over five-fold to 5,500 GWh between 2021 and 2030, keeping in ...
US Solar Industry Grows by 19% YoY with 23.6 GW Installed in 2021

US Solar Industry Grows by 19% YoY with 23.6 GW Installed in 2021

According to the latest U.S. Solar Market Insight report, released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, the U.S. solar sector has installed a record 23.6 GW of ...
/ / Markets & Policy, Solar
US Community Solar Market to Add 4.5 GW of New Capacity in the Next Five Years Report

US Community Solar Market to Add 4.5 GW of New Capacity in the Next Five Years: Report

The community solar market of the United States will add 4.5 GW of new solar capacity in the next five years, according to a recently released report by Wood Mackenzie, a ...
/ / Markets & Policy, Solar
Renewable Power to be 12% to 29% Cheaper than Fossil Fuel in India, China, Australia: Report

Renewable Power to be 12% to 29% Cheaper than Fossil Fuel in India, China, Australia: Report

India, China, and Australia are the top three countries where renewable energy is cheaper by 12% to 29% compared to the lowest-cost fossil fuel, Wood Mackenzie, a UK-based research firm, said ...
/ / Other, Renewable Energy
U.S. Installs 3.51 GWh of New Energy Storage Capacity in Q3 2021 Report

U.S. Installs 3.51 GWh of New Energy Storage Capacity in Q3 2021: Report

The United States installed a record 3.51 GWh of new energy storage capacity in the third quarter (Q3) of 2021, Wood Mackenzie said in a report. In Q3 2021, the utility-scale front-of-the-meter ...
Proposed Steep Duties Could Cost US 18 GW of Solar Deployment by 2023: SEIA

Proposed Steep Duties Could Cost US 18 GW of Solar Deployment by 2023: SEIA

The United States solar industry could miss out on 18 GW of solar deployment by 2023 due to steep duties proposed by an anonymous group of petitioners, the Solar Energy ...
/ / Markets & Policy, Solar
US Adds 5.7 GW of Solar Capacity in Q2 2021

US Adds 5.7 GW of Solar Capacity in Q2 2021

According to the latest US Solar Market Insight Report, released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, the US solar market has installed a record 5.7 GW of ...
/ / Markets & Policy, Solar
US Installs 345 MW of New Energy Storage Systems in Q2 2021 Report

US Installs 345 MW of New Energy Storage Systems in Q2 2021: Report

According to Wood Mackenzie’s latest report, the United States installed 345 MW of new energy storage systems in the second quarter (Q2) of 2021 – a year-over-year (YoY) increase of ...
/ / Energy Storage, Market & Policy
India Leads Corporate Renewable Procurement Market in Asia-Pacific Report

India Leads Corporate Renewable Procurement Market in Asia-Pacific: Report

Corporate renewable power purchase agreements (PPA) begin to play a significant role in the decarbonization efforts of Asia-Pacific, Wood Mackenzie has said in a recent report. In the first half of 2021, ...
/ / Other, Renewable Energy
Wind Turbine Prices to Increase by 10% as Commodity Prices Rise Report

Wind Turbine Prices to Increase by 10% as Commodity Prices Rise: Report

The prices of wind turbines are expected to increase by up to 10% over the next 12 to 18 months because of the rise in commodity prices, logistic costs, and ...
/ / Other, Wind
Solar Energy Would Double the Demand for Base Metals by 2040 Report

Solar Energy Would Double the Demand for Base Metals by 2040: Report

Solar energy will significantly impact demand for aluminum, copper, and zinc as the usage of all three materials is set to double by 2040, Wood Mackenzie said in a recent ...
/ / Markets & Policy, Solar
US Solar Market Adds a Record 5 GW in Q1 2021

US Solar Market Adds a Record 5 GW in Q1 2021

According to the latest U.S. Solar Market Insight Q2 2021 report, released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, the U.S. solar market has surpassed 100 GW of ...
/ / Markets & Policy, Solar
US Energy Storage Market Installs 910 MWh of New Systems in Q1 2021

US Energy Storage Market Installs 910 MWh of New Systems in Q1 2021

The United States installed 910 MWh of new energy storage systems in the first quarter (Q1) of 2021 – an increase of 252% over Q1 2020, making it the biggest Q1 ...
US Solar Industry Grows by 43% With 19.2 GW Installed in 2020 Despite COVID-19

US Solar Industry Grows by 43% With 19.2 GW Installed in 2020 Despite COVID-19

According to the U.S. Solar Market Insight 2020 Year-in-Review report, released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, the U.S. solar industry grew 43% and installed a ...
/ / Markets & Policy, Solar
China, the United States, and India Added 8.7 GW of Solar Capacity in Q1 2020

China, the United States, and India Added 8.7 GW of Solar Capacity in Q1 2020

The United States installed 3.6 GW of new solar capacity in the first quarter (Q1) of 2020, according to the latest report published by the Solar energy Industries Association (SEIA) ...
China, United States and India Collectively Added Over 51 GW of Solar in 2019

China, United States and India Collectively Added Over 51 GW of Solar in 2019

The top three solar markets in the world - China, U.S., and India, added nearly 51 GW of solar capacity in 2019. China led the way with 30.1 GW, followed ...
/ / Markets & Policy, Solar
Gujarat Issues Tender for 1 GW of Wind Projects

50.2 GW of Wind Power Projects Added in 2018 Globally: Report

In 2018, the world added the third highest annual total of wind power. According to the Wood Mackenzie Power & Renewables 'Global Wind Power Market Outlook Update: Q1 2019' report, 50.2 GW ...
/ / Other, Wind