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Day: May 25, 2023

Global solar investment to outpace upstream oil in 2023 at $380 billion

Global investment in solar power generation is expected to reach $1 billion per day, according to a new report by the International Energy Agency (IEA), which shows clean energy funding outpacing fossil fuels in 2023. “Clean energy is moving fast, faster than many people realize. This is clear in the investment trends, where clean technologies …

Global solar investment to outpace upstream oil in 2023 at $380 billion Read More »

Minnesota expands community solar program to allow more LMI customers, projects to 5 MW

Minnesota Governor Tim Walz signed HF 2310 into law, which opens up the state’s community solar program to more residential subscribers, specifically low-to-moderate income (LMI) households, and expands the project sites from 1 MW to 5 MW community gardens. May 25, 2023 Minnesota’s community solar program has been in effect since 2013, leading to well …

Minnesota expands community solar program to allow more LMI customers, projects to 5 MW Read More »

U.S. Government eyes $9 billion liftoff for long duration energy storage by 2030

The U.S. DOE has published a report outlining the requirements for LDES to achieve technical and financial self-sustainability by the end of decade. An estimated $6 billion to $9 billion dollars in capital investment would be necessary, potentially leading to 6 GW to 10 GW of project deployments. May 25, 2023 The Department of Energy …

U.S. Government eyes $9 billion liftoff for long duration energy storage by 2030 Read More »

Sunlight Financial partners with Solar Insure to offer clients monitoring and warranty service

Sunlight Financial and Solar Insure have announced a strategic partnership that will enable Sunlight’s installer partners to seamlessly offer homeowners Solar Insure’s 30-year monitoring and solar warranty service for residential solar installations. “Thoughtfully assessing risk has always been a strategic focus for Sunlight, as we have maintained the industry’s best credit performance through over $8 …

Sunlight Financial partners with Solar Insure to offer clients monitoring and warranty service Read More »

Flexible demand through participation by large customers in wholesale markets

Large industrial users of electricity that could use less electricity at high prices, or more electricity at low prices, could bid prices for their demand in day-ahead wholesale markets to help set market prices, integrate renewables, and lower system costs, according to an ESIG report. May 25, 2023 An Energy Systems Integration Group (ESIG) white paper …

Flexible demand through participation by large customers in wholesale markets Read More »

Solar energy in New York state covered record 20% of state power demand

During the noon hour on May 18, 2023, NYISO reported that consumer and utility-side solar resources generated 3.33 GW of clean energy output, while the behind-the-meter portion of 3.2 GW and utility-operated 130 MW accounted for 20% of the state’s electricity demand. May 25, 2023 New York state may place tenth in the U.S. for …

Solar energy in New York state covered record 20% of state power demand Read More »

U.S. House fails to override President’s veto on overturning solar tariff moratorium

The moratorium is intended as a bridge put in place temporarily while the United States rapidly ramps up manufacturing to supply its burgeoning solar industry. May 25, 2023 Earlier this month, President Biden vetoed the repeal of the two-year moratorium on solar modules made in Cambodia, Malaysia, Thailand and Vietnam, saying it would undermine the …

U.S. House fails to override President’s veto on overturning solar tariff moratorium Read More »

Oxford PV reaches world-record solar cell efficiency through perovskites

Oxford PV has set a new world record for efficiency of a commercial-sized M4 solar cell — an incredible 28.6%, as independently certified by Fraunhofer ISE. The cell was made by depositing a thin film of perovskite onto a conventional silicon solar cell. The combined tandem solar cell achieves a conversion efficiency that is substantially …

Oxford PV reaches world-record solar cell efficiency through perovskites Read More »

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