Pipeline steps up to 71 GW; Texas still @ top (AZ #2); New construction +10-20% 2025E (vs 35% last year); Beware of EIA data
In this report, we are updating our historical battery storage data for Q4’24 and publishing new forecasts for 2025E / 2026E. Broadly speaking, the storage market remains on firm footing, with growth continuing into this year
2025E update; Key themes (Nextera moderating, 12 GWac waiting for trackers, interconnection approvals rebound)
In this note we are updating our LS-1, LS-2, and PLUS-201 data sheets and forecasts.
SOLARSAT™: Active December for site prep; PJM signs of life; Trackers land down 7% full year; Construction delays update
Below see key takeaways after going through our utility-scale solar satellite data for the month of December.
SOLARSAT™: Tracker activity very slow; Companies pulling 2025 installs forward; New construction chugging along
Below see key takeaways after going through our utility-scale solar satellite data for the month of November.
Interconnection approvals rebound…driven by big projects in desert states…benefitting from wave of queue requests 3-5 years ago
Following a slow start to 2024, interconnection approvals have rebounded since June.
SOLARSAT™: Oct solar construction of soft side (<2GW); 85% new activity in Trump states; Trackers on pace for down 5-10% y/y
Little less than 2 GWac of new projects kicked off during October
Another 4GW new construction starts (on track for 30% growth this year); Texas almost half; FLNC, TSLA, CSI share gains
With three quarters in the books, the U.S. utility scale storage market is on track to land +30% this year, not too far off from original expectations and better than most other renewable sectors.
Modest summer rebound; October noticeably lower; 2025E projection @ +5%
With more than half of October now in, we are updating our Q4 and 2025E residential solar projections (RS-3).
Model update…2024 trackers DOWN 5-10% (new construction +15%); 2025E signs of +10-20%
In this note, we are updating our 2024/2025 Utility Scale Solar Model (LS-1) after putting in actuals through September and refreshing our project / developer level forecast.
SOLARSAT™: September new starts firm again (2.6 GWac); Q3 lands +12% y/y; Tracker installs soft
After a record August, September new construction has remained firm. Specifically, 2.6 GWac of new projects kicked off construction during September, down from almost 4 GWac last month, but still tracking well ahead of last year.
