Greetings, sunny friends! If you’re like me – a passionate advocate for clean, renewable energy – you’ll be thrilled to learn that solar technology is advancing in leaps and bounds, continuously pushing the boundaries to offer more sustainable ways to harness the power of the sun. Here’s an exciting update about the forecasts for global energy storage and solar capacity for your home, alongside other relevant solar industry news.
According to the latest forecast from Wood Mackenzie, the global energy storage market is soaring high! Excluding pumped hydro, we’re looking at an estimated 159 GW by 2024 – an impressive 600% growth expected to take us to nearly 1 terawatt of new solar capacity by 2033. So, if you’re considering solar panels for your home, it seems there’s no better time!
Solar energy isn’t just for powering homes; other industries are also tapping into the sun’s potential. A recent study highlighted a unique usage of photovoltaic (PV) or photovoltaic-thermal (PVT) systems—microbreweries. While PVT systems can cover a larger energy demand, they also have a longer payback time.
Unfortunately, not all news is positive. The reputable U.S. manufacturer, Toledo Solar, has closed up shop, following a lawsuit from a solar company that accused Toledo Solar of selling imported modules under their label. Despite this setback, hundreds of other solar companies are still ready to help harness the power of the sun.
Considering the integration of solar energy into your home? Good news! A new development presents a 50-amp, 12-circuit manual switch to integrate solar power into selected circuits effortlessly. It’s all about further streamlining the adoption of solar energy, and ultimately building an efficient solar array for homes.
On the flip side, solar tariffs might jeopardize the U.S.’s leading role in the global solar industry. A report illustrates how these tariffs can impose significant cost implications, affecting not just imported but domestically-made solar panels as well. The objective should be to promote solar, but these prohibitive tariffs seem to be slowing down the momentum.
Lastly, it’s worth mentioning the recent findings from the Clean Air Task Force (CATF) on hydrogen power plants. While they technically work, they’re costly and inefficient as a primary strategy for the power sector.
In sum, solar energy continues to prosper, with technological innovations promising a bright and sun-lit future. While challenges persist, did you know countless solar companies are ready to deliver efficient solar panels for your home? It’s inevitable – the future is looking pretty sunny for those of us eager to capitalize on the power of the sun!
Original Articlehttps://pv-magazine-usa.com/2024/07/10/sunrise-brief-tariffs-may-stall-the-growth-of-the-u-s-solar-industry/
