World

Demand for silver in the photovoltaic industry hit 193.5 million ounces in 2023, according to the Silver Institute. It predicts that demand will grow by another 20% in 2024.

In a new weekly update for pv magazine, OPIS, a Dow Jones company, offers bite-sized analysis on solar PV module supply and price trends.

Mercom Capital Group says that total corporate solar funding, global venture capital funding, public market financing, and PV mergers and acquisitions all fell year on year in the first quarter of 2024. The sector is still grappling with high interest rates, which Wood Mackenzie says is disproportionately affecting renewables projects.

AleaSoft and SolarPower Europe inform pv magazine that negative energy prices in Europe are related to the pandemic, low demand, insufficient storage solutions, and inadequate energy planning. They say this situation will likely continue into the summer.

Jaguar Land Rover (JLR) and Allye Energy have agreed to collaborate on a 270 kWh portable battery energy storage system (BESS) built with second-life Range Rover batteries. The system, which is set to become the first commercially available BESS with JLR battery packs, can fully charge up to nine Range Rover PHEV vehicles at once.

The European Space Agency (ESA) is collaborating with policymakers, energy suppliers, and space companies under the Solaris initiative to assess the feasibility of space-based solar power. A decision on the viability of the project is expected by the end of 2025.

Huasun is well on its way to achieving its goal of providing the best heterojunction (HJT) products to the world, with expanding production capabilities and advances in cell and module performance, according to Chairman Jimmy Xu. Here, he discusses the company’s top achievements and its plans for the next five years.

Vale and Central South University have launched a joint laboratory for low-carbon and hydrogen metallurgy in Changsha, in China’s Hunan province, while Nippon Steel has secured approval to acquire U.S. Steel.

Europe’s solar boom is hiding its waste through exports, according to a new study. Instead of recycling, as expected under European regulations, vast amounts of solar panel waste are exported, undermining sustainability goals. The researchers suggest a digitized value chain as a potential fix to work toward a circular economy.

Andries Wantenaar, solar analyst at Rethink Technology Research, tells pv magazine that high overcapacity levels in the polysilicon industry are exerting enormous pressure on prices for the entire supply chain. He says China hit 2.4 million tons of polysilicon production capacity at the end of 2023, and notes that the nation will end 2024 with 4 million tons of capacity if all announced production plans are realized.