U.S. Energy Information Administration’s Post

#SolarSurplus: #California's #RenewableEnergy Dilemma California grapples with excess solar power production, leading to wastage and the need for more advanced storage solutions. https://buff.ly/3W7h8pG #EntraConsulting #oil #gas #energy #shale #renewableenergy #petroleo #energia #electricidad #energiasrenovables

☀US 2023 solar additions hit 11GW in first 10 months Share of utility-scale PV is now 7.3% of country's installed power generation capacity! Insightful article outlining the progress of Solar farms installs, exciting times to be a part of this growing market in the US.

CFO was shocked after seeing the INR 3.42 Solar Plus Storage Tariff discovered in a recent SECI bid! In July 2024, SECI held a competitive bidding for 1.2 GW of solar PV projects, Paired with a 600 MW/1200 MWh energy storage system, Which shocked the industry with the discovery of a tariff of INR 3.42. This left a CFO of a chemical company seeking answers to many of his challenges: → Is solar plus storage the best renewable energy solution? → Does it outperform wind-solar hybrids? → Is it more cost-effective than coal? → Is it the future for 2024 and beyond? → What does the INR 3.42 tariff mean for daily power costs? Struggling with these questions, We helped the CFO with a detailed analysis of the bid, explaining: → RFP conditions and the outcome of the bid → How the INR 3.42 tariff was calculated → Weighted average cost of base load power → Our conclusion Here's my recommendation to Industrial Consumers: It is intriguing to see how the INR 3.42 tariff actually results in an INR 5.6 tariff for baseload power. With the right management strategies & optimized power usage during Solar hours, Industrial consumers can reduce this cost! A solar plus storage solution can be achieved for much less than INR 5.6, Likely falling between INR 3.42 and 5.60! P.S. What would you recommend to the CFO of this industrial consumer, considering the INR 3.4 solar plus storage tariff? I’d love to hear your opinions!

Up to 20% of renewable #electricity production is expected to be curtailed by 2030 in #Greece if no new #investments are made in #energy #storage. #renewables Hellenic Association of PV Companies (HELAPCO) #photovoltaics #pv #curtailments #solar

According to Wood Mackenzie, the global energy storage market, excluding pumped hydro, is set to experience exponential growth, reaching 159 GW/358 GWh by the end of 2024 and expanding by over 600% by 2033. This surge will result in nearly 1 TW of new capacity, driven by the increasing demand for clean energy and falling battery storage prices. While the U.S. will increase storage capacity under the IRA, it’s China that’s expected to lead this growth due to its booming solar market, with an average annual addition of 42 GW/120 GWh over the next decade. Read more: https://lnkd.in/gV8UJDn8 #bess #energystorage #sinovoltaics #innovativeinsider #QualityAssurance #QA #PV

High Energy Costs? It’s Time to See the Light with Solar PV Solar PV has come of age. And on an industrial scale. Solar panel technology can easily meet the substantial electricity needs of #industry & #manufacturers in the UK – saving you a lot of money on energy bills along the way. That is if you can find a partner you can trust to supply a turnkey design, installation and maintenance service… We’ve been working on Solar PV installations since 2011, when lots of industrial and manufacturing customers were incentivised to make the change with the feed-in tariff. So, we’re also experienced, accredited and certified in all the ways we need to be. Most businesses running at an industrial scale will already have the key requirement essential to making the transformation to solar: extensive roof space. And most also have the incentive. Certified by MCS to install Solar PV. We’re technically assessed and approved by MCS (Micro Certification Scheme) to provide the right paperwork and certification for every Solar PV project. So, you can be confident in moving to low carbon energy technologies such as heat pumps, solar, biomass, wind and battery storage. We’ve installed Solar PV systems on all kinds of industrial roofs and designed systems to maximise effectiveness and efficiency. Solar PV – Ask the Experts https://lnkd.in/e_VAeRHm #solar #solarpv #energy

High Energy Costs? It’s Time to See the Light with Solar PV Solar PV has come of age. And on an industrial scale. Solar panel technology can easily meet the substantial electricity needs of #industry & #manufacturers in the UK – saving you a lot of money on energy bills along the way. That is if you can find a partner you can trust to supply a turnkey design, installation and maintenance service… We’ve been working on Solar PV installations since 2011, when lots of industrial and manufacturing customers were incentivised to make the change with the feed-in tariff. So, we’re also experienced, accredited and certified in all the ways we need to be. Most businesses running at an industrial scale will already have the key requirement essential to making the transformation to solar: extensive roof space. And most also have the incentive. Certified by MCS to install Solar PV. We’re technically assessed and approved by MCS (Micro Certification Scheme) to provide the right paperwork and certification for every Solar PV project. So, you can be confident in moving to low carbon energy technologies such as heat pumps, solar, biomass, wind and battery storage. We’ve installed Solar PV systems on all kinds of industrial roofs and designed systems to maximise effectiveness and efficiency. Solar PV – Ask the Experts https://lnkd.in/e_VAeRHm #solar #solarpv #energy

Renewable Market Watch™ Published New Report Titled “Europe Solar Photovoltaic (PV) Power Market Outlook by Segment (Residential, Commercial, Industrial and Utility) - Growth, Industry Analysis, Deals, Share, Size, Trends and Forecast 2024 – 2033” https://lnkd.in/emyDiZcd #Europe #Solar #PV #Photovoltaic #Power #Market #Outlook #Report #Analysis #Deals #Trends #Forecast #Residential #Commercial #Industrial #Utility #RenewableMarketWatch

#SoaringSolarPower Is Creating Challenges for the #US #EnergyGrid Soaring solar installations are causing distortions in the power distribution and transmission systems in top solar-producing states like California. https://buff.ly/4ccI65R #EntraConsulting #oil #gas #energy #shale #renewableenergy #petroleo #energia #electricidad #energiasrenovables