Tag: market
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Tesla Shares Spike 8% On Record Deliveries And Record Production In Q2 2019
Tesla released its Q2 delivery and production numbers after the bell on Tuesday, posting document production of 87,048 automobiles and record deliveries of about 95,200 cars. In its release, the company also says it”made significant progress streamlining [its] global logistics and delivery operations at higher volumes, enabling cost efficiencies and improvements to [its] working capital…
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Tesla Slips Again in Residential Solar Rankings, Dropping to Third in Q1 2019
Tesla, the lux energy firm that also sells cars, sank to next position among residential solar providers for installations in the first quarter of 2019. The latest ranking, from Wood Mackenzie Power & Renewables, shows Vivint Solar knocking Tesla out of second location. Sunrun’s direct solar business pulled forward of Tesla in the second half…
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U.S. Storage Market Sets Power Capacity Record with Q1 Deployments
The U.S. energy storage industry installed a record quantity of power capacity in the first quarter of 2019. The 148.8 megawatts of new grid storage capacity represented a 232% growth over Q1 2018, according to the most recent edition of the Energy Storage Monitor report created by Wood Mackenzie Power & Renewables and the Energy…
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Maryland’s Pioneering Energy Storage Income Tax Credit Turns 2
Can an income tax credit increase the market for behind-the-meter energy storage systems? Yes, but in Maryland's encounter that step alone is not enough to unlock the sector ’s full potential. In 2017, Maryland became the first state to pass legislation establishing an income tax credit for energy storage systems. Last month, the Maryland Energy…
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The US Energy Storage Market Kicks Into High Gear
Picture Credit: Duke Energy The most recent numbers for U.S. energy storage action are out. They reveal a surge of activity coming over the next five decades, resulting in 6x market development. By 2024, the storage market will be worth $4.7 billion dollars, driven equally by utility-scale and behind-the-meter battery jobs. On this week's Energy…
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A Solar CEO’s 2019 Forecast: More Complexity, New Investors and Continued Growth
Image Credit: Sol Systems We discuss our thoughts on guarantee and the development of the industry each year. The past 12 months included the introduction of import tariffs from a president who reiterated his doubts about manmade climate change while championing coal. Even the industry expanded and developed, as it will in 2019. As solar technologies becomes more efficient,…
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US Energy Storage Broke Records in 2018, but the Best Is Yet to Come
Image Credit: NextEra The U.S. energy storage industry delivered record deployments in 2018, driven by a strong fourth quarter for utility-scale projects. But the new achievement for the young industry pales compared to what’s to come: an expected doubling in 2019, followed by a tripling in 2020. Such growth will propel energy storage out of…
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Sunrun Presents Another Record Quarter, With 115 Megawatts Installed in Q4
Sunrun, the largest home storage and solar installer in the U.S., delivered a third record quarter to round out 2018. The company installed 115 megawatts in Q4, according to earnings amounts published Thursday. That deployment follows two consecutive record quarters: 100 megawatts in Q3 and 91 megawatts in Q2. The deployments achieved 35 percent year-over-year…
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SolarEdge Delivers Record Revenue While Expanding Into New Businesses
SolarEdge enters 2019 as more than an inverter company. After seizing a lead the publicly traded company embarked on a string of acquisitions that expanded its footprint. SolarEdge coupled that growth with organic growth: It delivered 1.1 gigawatts-AC to get a record earnings of $263.7 million in Q4, according to the earnings data released Wednesday. Annual earnings…
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Oil Supermajor Shell Acquires Sonnen for Home Battery Expansion
Picture Credit: Shutterstock.com Shell will obtain German startup sonnen, staking a claim to the home energy storage market and further enlarging its ever-increasing footprint from the energy industry. Sonnen distinguished itself at the first home-storage market, with thousands of units deployed across Germany, and a notable presence elsewhere in Europe, the U.S. and Australia. Besides…