SOLARSAT™: February new construction bounce

Although more than a few companies continue to stress widespread delays, we have not yet seen it in real-time construction data.
Permits slow start to the year (despite anecdotes of better sales)

Although some companies are seeing sales improve, residential solar permits remain dismal.
25 developers that will build 70% of capacity; FLNC has 5 of them; AES big jump this year; New developer / integrator matrix

In this note, we break out our battery storage data, highlighting the 25 largest developers that will make up 70% of the utility-scale market in 2024.
SOLARSAT™: Modest start to 2024

In this note we summarize U.S. utility solar activity from January
U.S. Manufacturing Study (production is ramping); +20 GWdc realistic by June 50-60 GWdc by 2025

In this study we have updated our U.S. solar module manufacturing data, focusing on facilities that are progressing through key milestones such as permit approval, facility construction, equipment installation, hiring, and final production.
Final 2023 interconnections (17.6 GWac – up 60% y/y); 2024 will surge again

This week, the EIA released final December and 2023 interconnection data, highlighting 5.6 GWac turned on in December alone.
Hard landing in December

For 2023A in total, permits declined by 3% as a huge start to the year was offset by the dismal second half.
SOLARSAT™: Activity still chugging along nicely

Generally speaking, activity has continued to chug along in recent months despite fears from some public companies that developers are delaying work (ie ARRY, MTZ).
2024 Outlook – Interconnections surge again (50% above Woodmac estimates); New construction +15-20%

In this note, we are updating our utility solar model (LS-1), highlighting forecasts for interconnections, new construction, trackers, and panel installations.
Turning our satellites to the battery storage market; firm fundamentals with >12 GW starting this year; watching another 40 GW lining up

After slow growth in 2022, battery storage interconnections are finally accelerating. In fact, the U.S. is on track to interconnect more than 7 GW in 2023, almost double 2022.