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Wood Mackenzie

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US solar hits 50-million-home milestone as red states drive growth
business2 days ago

US solar hits 50-million-home milestone as red states drive growth

US solar capacity surpassed a milestone in Q2 2026, enough to generate the electricity used by about 50 million homes (over a third of households). The quarter added 11.4 GWdc of new capacity, up 45% year-over-year and 43% from Q1, with utility-scale projects accounting for 9.6 GWdc (up 61%). Solar plus storage comprised 70% of all new US power capacity in the first half of 2026. Red-state states led installations, and Wood Mackenzie forecasts about 44 GWdc of solar additions annually through 2031, though permitting and post-ITC transitions pose headwinds; residential solar is expected to rebound in 2027 after the expiration of the 30% ITC for new systems.”,

Record-Breaking US Energy Storage Installations Surge in Q2 2023
energy3 years ago

Record-Breaking US Energy Storage Installations Surge in Q2 2023

The US battery energy storage market set a new quarterly record in Q2 2023, adding 5,597 megawatt hours (MWh) of capacity. The grid-scale segment led the market with a record-breaking 5,109 MWh, achieving 172% growth quarter-over-quarter. California had the most grid-scale installations, followed by Texas and Arizona. The residential storage segment declined for the second consecutive quarter, while the community, commercial, and industrial segment experienced a 53% quarterly decline. Wood Mackenzie projects the grid-scale segment to be the main driver of the market in the next five years, accounting for 83% of total installations.

US Solar Market Booms with Eased Panel Imports and Tripled Projections.
energy3 years ago

US Solar Market Booms with Eased Panel Imports and Tripled Projections.

US solar energy installations increased by 47% in Q1 2021, with large projects for utilities and other big customers leading installations with a 66% increase from a year earlier. The rise in installations increased capacity to power more than 1 million homes. The growth is a substantial turnaround for the industry, which has been struggling with tight supplies of imported panels. Strong growth is projected for the industry over the next five years, thanks in large part to renewable energy incentives in President Biden's new Inflation Reduction Act.