Tag: Wood Mackenzie
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Cumulative U.S. community solar installed capacity on track to break 14 GWdc by 2028
U.S. cumulative community solar installations are forecasted to break 14 GWdc in existing state markets by 2028. According to the latest report released by Wood Mackenzie and the Coalition for Community Solar Access (CCSA), annual installation volumes landed around 1 GWdc for the third consecutive year in 2023, and 8% average annual growth is expected……
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Report: U.S. energy storage installations set new record in Q3 2023
The U.S. storage market hit a new high in the third quarter of 2023, installing the most capacity in a quarter to date with 7,322 MWh becoming operational. As outlined in the American Clean Power Association (ACP) and Wood Mackenzie’s latest US Energy Storage Monitor report, the U.S. grid-scale segment saw quarterly installations increase 27% quarter-on-quarter (QoQ) to……
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Residential battery storage market competition is heating up
As noted in our 2024 Energy Storage System Buyer’s Guide, the market is jam packed with new solutions and new companies vying for their share. As competition has increased among battery vendors, new manufacturers are gaining market share, according to a new analysis from Wood Mackenzie. In Q3 2023, 11% of residential solar and 5%……
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Report: Solar poised for record-setting 2023 as economic challenges mount
The U.S. solar industry added 6.5 GW of new electric generating capacity in Q3 2023, a 35% year-over-year increase as federal clean energy policies begin to take hold. As a result of this growth, the United States is expected add a record 33 GW of solar capacity in 2023, according to the U.S. Solar Market Insight……
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Report: China to retain 80% of global solar manufacturing capacity until 2026
Despite local manufacturing policies in overseas markets, China’s expansion will dominate the global solar supply chain for the next few years. After investing more than $130 billion USD into the solar industry in 2023, China will hold more than 80% of the world’s polysilicon, wafer, cell and module manufacturing capacity from 2023 to 2026, according……