Markets

Unlocking a more affordable, reliable future with solar microgrids

Today’s microgrids are often associated with solar panels and battery storage, but they are versatile and can be powered by virtually any energy source. Microgrids may seem like a modern innovation, but the concept has been around for decades. The recent rise in prominence is driven by a global push for renewable energy adoption and …

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PJM expects adequate resources for summer with opportunities for demand response

The regional transmission organization, PJM, forecast “sufficient generation” for typical peak demand this summer but is preparing to call on contracted demand response resources to reduce electricity use under more extreme scenarios featuring record demand. In its latest Summer Outlook, published on May 9, PJM forecasts summer energy use, or load, to peak at just over …

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“Dragon Scale” solar power for space manufacturer secures $21 million

Sandia National Laboratories’ spin-off mPower Technology secured Series B funding to scale its production of silicon solar panels for space applications. Space-based solar power manufacturing specialist mPower Technology announced it secured a $21 million Series B funding led by Razor’s Edge Ventures and joined by Shield Capital. “This new funding from highly regarded space sector …

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RFP alert: IREC seeks proposals for five solar-plus-storage projects in Puerto Rico

The work will consist of installing solar systems with a capacity of approximately 5 kW and battery energy storage systems with an approximate capacity of 13 kWh. An informational webinar will be held on May 6. The Interstate Renewable Energy Council (IREC), with the support of the University of Puerto Rico–Mayaguez, released a request for …

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Saving money is the biggest driver of residential solar adoption

A recent study by Ohio State researchers finds that cost savings and other practical benefits are the key motivators for people to adopt rooftop or community solar. New research from The Ohio State University reveals that financial benefits, not environmental motivations, are the strongest driver of residential solar adoption in the United States. And it’s …

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U.S. residential solar falls to lowest-ever $2.50 per watt, said EnergySage

Quotes for rooftop solar projects are averaging $28,750 before incentives, said the marketplace operator. Residential solar prices are falling lower than ever before, said marketplace operator EnergySage in its biannual solar and storage marketplace report. The median quoted price on its platform reached $2.50 per watt in the second half of 2024, falling 6.4% from the …

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Solar PPA market remains stable in Q1 2025

Solar power purchase agreements averaged $57.04 per MWh, increasing 1% quarter-over-quarter in North America. LevelTen Energy released its quarterly report on power purchase agreement (PPA) pricing in North America, noting a second consecutive quarter of relatively stable pricing in Q1, 2025. A PPA is an arrangement where a third-party developer installs, owns, and operates an …

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Berkeley report endorses all-electric fire rebuilding

Study finds all-electric reconstruction of California’s fire-ravaged towns, compared with “dual-fuel” rebuilding with electricity and natural gas, is cheaper, faster, healthier and safer. A new report from the University of California, Berkeley, outlines key practical reasons for fire-razed communities of Southern California to rebuild themselves on an all-electric footing, rather than combining electricity and natural …

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