Solar & Energy Storage
We harness the power of the sun to deliver low-cost, clean energy solutions to customers.
Solar cells convert the sun’s energy directly into electricity. Solar energy systems do not produce air pollutants or emit carbon dioxide.
U.S. utility-scale solar generating capacity is expected to grow by 21.5 GW in 2022. This planned new capacity would surpass last year’s 15.5 GW of solar capacity additions. Most planned solar additions in 2022 will be in Texas (6.1 GW, or 28% of the national total), followed by California (4.0 GW).
Solar energy has become the dominant form of renewable energy and continues to play a key role in reforming the energy markets world-wide. Continued advancements in energy storage technologies are also expected to support continued growth of solar based projects.
Our team has extensive experience developing solar and solar plus storage projects in North America. These projects have been developed with both private, utility, and public sector customers and have been designed to optimize use of tax and regulatory support mechanisms available.
Strong relationships with leading solar and energy storage manufacturers allow us to deploy the most advanced, low cost, and efficient technologies.
While solar systems do not produce power continuously, excess power can be stored in energy storage systems for later use.
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As of 2020, most U.S. large scale battery storage installations were built as standalone facilities. Over the past two years, the industry has been rapidly trending to co-locate these systems with renewable energy, including solar.
Battery storage has been a rapidly growing technology in the renewable energy sector. Battery storage costs decreased by over 70% between 2015 and 2020 (source EIA).
U.S. utility-scale battery storage capacity is projected to grow by 5.1 GW, or 84%, in 2022. Several factors have helped expand U.S. battery storage, including declining costs of battery storage, deploying battery storage with renewable generation, and recognition of the value of energy storage by regional transmission organization (RTO) markets. (source: EIA)
Solar plus energy storage solutions provide a means to avoid high demand charges, enhances the benefits of utilizing renewable energy and adds energy supply resiliency.
Solar power and battery storage will likely account for most of the 78 GW of planned capacity additions in 2022-23. Microgrid solutions will be a driver for this continued growth.
