Feast And Famine. I had a chat with an old friend this week and we thought about the US solar market. On one hand the resi market is in total freefall, making it one of the worst global markets, and on the other side is the utility scale market which is building an enormous amount of capacity with growing PPA rates. Which is why you see the headlines of IPPs boosting investment into the US and module factories (aka assembly plants) growing for domestic supply while resi shrinks by 25%+ and struggles to find a foothold in the new market realities.
Inverter Thoughts. I’ll spend more time talking about this but the inverter supply chain is going to get tossed upside down in my opinion and folks (or the solar market) are not ready for it. I think that the battery market may also have similar aspects that are coming their way. Stay tuned to this storyline.
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- Bloomberg: The Bust in US Home Solar Has Worsened After Trump Ends Subsidies
- PV-Magazine: SEG Solar to expand U.S. manufacturing with 4 GW Houston module plant
- Reuters: EDPR upbeat on US renewables market, sees profitable growth and new opportunities
- New York Times: Why America Is Removing So Many ‘Deadbeat’ Dams
- Pv-tech: PV inverter manufacturers reshape strategies as policy shifts drive regional production
- Capital: The $12 billion Nikola IPO and the fall of the so-called ‘Tesla of Trucking’
- Axios: Ford’s secretive EV project could reinvent the way it designs and builds cars
- Energy Storage News: Organic flow battery company CMBlu closes €50 million Series C
- Canary Media: Organic flow battery company CMBlu closes €50 million Series C
Opinion
Best, Yann