United States

SolarEdge’s revenue rose 58% year over year to $3.1 billion in 2022. It expects revenues for the first quarter of 2023 to be within the range of $915 million to $945 million.

The University of California, Merced, has shown that up to 13 GW of solar capacity could be installed over California’s canals, which would require approximately 3 GW of energy storage.

The European Commission has presented the final version of its new rules for green hydrogen, with looser requirements to qualify hydrogen as “green.”

While NEM 3.0 is expected is to slash the rates paid for solar sold back to the grid, batteries can help to maintain the value of PV. However, the next wave of clean-tech adoption must focus on non-lithium batteries and take advantage of safe, affordable chemistries.

Last year was another landmark 12 months for energy storage, with all indicators pointing to a massive surge in demand. Supply chain instability and inflation saw battery prices rise but the industry demonstrated an ability to swiftly react to geopolitical developments. We look at five trends driving the market.

Calvera Hydrogen has claimed that its new 45-foot hydrogen tube trailer has the largest capacity in the world, Universal Hydrogen has unveiled a hydrogen-powered regional aircraft, and Masdar has signed a green hydrogen production deal with Austrian utility Verbund.

SnapNrack’s TopSpeed solar mount begins installation on the ground, which limits time spent on rooftops.

Desert Quartzite says it will invest $1 billion in its plans for a utility-scale solar project in California. The facility is expected to start commercial operations by December 2024.

Ionblox says it will use $32 million of series B funding to support the buildout of a novel silicon anode electric vehicle battery.

US researchers have designed a molten salt that could potentially reach an energy density of up to 100 Wh/kg at a cost of $7.02/ kWh. The battery uses an aluminum cathode that charges quickly and reportedly enables longer-duration discharge.