Tesla’s 2024 energy storage revenue surpasses $10 billion
Records are tumbling for Tesla’s battery energy storage business with revenues growing 67% and deployments surging 114% year-on-year.
UL Solutions expands testing for heat pumps
UL Solutions says it will expand heat pump testing at its facilities in Texas and Italy to meet rising demand in the heating, ventilation, and air conditioning (HVAC) industry.
Strategies for charging EVs with solar, boosting demand for solar power
A new study says that more solar power would be used to charge electric vehicles in the United States if inexpensive level-1 chargers were deployed at workplaces, and rate design favored daytime charging.
Mitigating default risk in large-scale PV projects through credit default swaps
A research group has proposed to hedge default risk in the utility-scale PV business by adopting credit default swaps. The new methodology was tested through a series of Montecarlo simulations and reportedly showed how PV asset owners can transfer default risk to a protection seller at an affordable cost.
US solar PPA prices rise 3.3% in Q4
LevelTen Energy says in a new report that US solar power purchase agreement (PPA) prices rose 3.3% in the fourth quarter, possibly due to policy uncertainty.
U.S. adds 30 GW of PV capacity in 2024
The U.S. added 30 GW of solar in 2024 and is expected to remain the largest source of new generating capacity added over the next two years.
Solis unveils generator-compatible hybrid inverters
Solis has introduced its Solarator series hybrid inverters in India, targeting the residential and commercial solar storage markets.
Trump’s $500 billion AI data-center project expected to be powered by solar
US President Donald Trump’s $500 billion AI data-center project, Stargate, could be powered in part by solar and energy storage from Softbank’s SB Energy, says Bloomberg.
Waaree’s 1.6 GW solar factory in Texas starts commercial production
Waaree Solar Americas has started commercial production at its 1.6 GW solar module factory in Brookshire, Texas. It plans to expand the facility’s capacity to 3 GW by fiscal 2026 and 5 GW by fiscal 2027.
US state-level solar policy moving away from traditional net metering
The NC Clean Energy Technology Center’s (NCCETC) 2024 annual review and fourth-quarter edition of “The 50 States of Solar” finds that most states enacted distributed solar policy measures in 2024. The majority of actions focused on net metering policies, residential fixed charge increases, and community solar programs.
