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Global Non-Chinese Inverter Firms Seek Protection Against Chinese Dominance

China’s solar demand doubled in 2023, driving significant growth in PV inverter supply. Similar to the solar PV sector, Chinese inverter manufacturers are emerging as the dominant force in the global inverter market, accounting for over half of global shipments. Since 2022, the top 5 ranks in the global inverter shipments have also been taken […]

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Mahanagar Gas, IBC Set To Invest Rs. 230 Cr In Bengaluru Gigafactory

Indian natural gas distribution company, Mahanagar Gas Limited (MGL), recently signed a Share Subscription Agreement (SSA) and a Shareholding Agreement (SHA) with International Battery Company, Inc. (IBC US). Through this collaboration, both parties plan to invest in International Battery Company India Private Limited (IBC India), currently a 100% subsidiary of IBC US. Under the agreement, […]

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Could The Trump Presidency Cast A Shadow On Indian Solar Module Makers?

The re-election of Donald Trump as the new President of the United States (US) may alter the market dynamics for Indian solar module manufacturers. Speculations are now rife over the likely fate of the Indian solar industry with Trump’s re-election. Those who have business interests in the US solar market are likely to get affected […]

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US Solar Prices Plummet, Battery Adoption Skyrockets: EnergySage Report

EnergySage has released its 19th Intel Solar & Storage Marketplace Report, offering detailed insights into the US residential solar and storage market. The semiannual report analyses millions of transaction data points from January to June 2024, based on consumer activity across 48 states and Washington, D.C. The data highlights key trends such as falling solar […]

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US Energy Storage Surges With Second-Highest Quarterly Record

The United States is continuing to break records for energy storage installations across key market segments, according to the latest report by Wood Mackenzie. In the second quarter of 2024, the US developers installed 3,011 MW and 10,492 MWh of energy storage capacity. This marks the second-largest quarterly capacity addition, surpassed only by Q4 2023, […]

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Nextracker Opens Centre for Solar Excellence In Hyderabad

Nextracker, a leading global provider of intelligent solar trackers, foundations, and software solutions, has inaugurated its third, and India’s first Center for Solar Excellence (CFSE) in Hyderabad, India. Spanning across 13 acres this state-of-the-art facility will serve to advance solar tracker technology. The CFSE will feature a 30,000 square foot, state-of-the-art lab, a comprehensive solar tracker […]

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Cosmic PV Showcases Its Solar Products At RE+ In US

Surat-based solar module OEM company Cosmic PV Power recently made its first appearance on the global stage at RE+ Anaheim, California, USA, North America’s largest and most comprehensive clean energy event.  The company said that this debut at RE+ USA was significant for Cosmic PV Power’s journey towards global expansion. By stepping into the international […]

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Q2: US Residential Solar Adds 1.1 GW, Lowest Growth in Three Years

United States (US) solar module manufacturing capacity now exceeds 31 gigawatts (GW). Solar manufacturing received nearly a four-fold increase since the Inflation Reduction Act (IRA) became law in 2022. According to the US Solar Market Insight Q3 2024 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, federal clean energy policies […]

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The Rise Of BESS: The ‘Age of Batteries’ Draws Closer

BESS (Battery Energy Storage System) technology has emerged as a key product for transforming as well as storing, distributing the excess green electricity for later use and for reducing the emissions of CO2. According to the International Energy Agency (IEA), World Energy Outlook 2024 Report, in 2023 battery storage in the power sector was the […]

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