The Burden Of Electricity. It’s a fact that the current situation is creating increased pressure on inequality. From schooling children without internet to the cost of electricity, everything is exacerbated. Low income families spend more of their income on utilities by a large percentage than higher income families. Solar can play a vital role in helping resolve this problem through community solar or utility programs. Glad to see Vote Solar highlighting this issue.
Big Oil Has ‘Concerns’. There is an internal oil dialogue happening in public right now. API and large oil companies are concerned about socializing the losses through government intervention. Smaller companies are saying help us or we go under. This comes as the Federal Reserve opens possible avenues to help the industry with less oversight which is really what the argument is about. It will be important for members of Congress to ensure that the stimulus for energy companies helps all parts of the economy because we don’t want to be picking winners and losers do we?
Storage Peaking. BNEF published it’s updated LCOE report and highlighted the competitiveness of solar plus storage with peaking generation. Peaking plants according to BNEF generate 15% to 20% of the time which is easily achieved with storage developments. My additional input on this is that 5 years from now it will not even be close. We are rapidly approaching batteries under $100/kWh and that will continue to drop much like solar has. The key is how developers and asset owners decide to push the implementation of those assets.
Inverter Market Outlook. I’ve become increasingly interested in how the market decides the inverter market share across the Country. We have what I would consider a momentary duopoly in the US in residential solar but as market valuations increase, this will change in my opinion. Look at the global market share and it looks different than what you would think.
Survey Is Out. An early release for the survey covering the week of April 27th. Participate to get the full results next week.
SolarWakeup Live, Virtual Edition. We’re taking the show off the road on to zoom. The first SolarWakeup Live, virtual edition will be next Thursday to talk about how to turn your business digital from lead to install. Register here.
SolarWakeup Live, Podcast Edition. The podcast is also relaunched. Subscribe, rate and listen here. If you have an interesting topic to discuss, reach out to get onto the calendar.
- Solar Power World: Vote Solar calls for clean energy investment to combat inequities exposed by COVID-19
- Axios: Why Big Oil says it opposes special handouts in coronavirus crisis
- Energy Storage news: BloombergNEF – ‘Already cheaper to install new-build battery storage than peaking plants’
- PV-Magazine: Huawei, Sungrow and SMA dominate global inverter market
- PV-Tech: Renewables to sidestep ‘historic shock’ as only power source to grow in 2020, says IEA
- Rocky Mountain Institute: Green Banks for Economic Recovery and Climate Mitigation
- Bloomberg: Tesla May Get Another Year to Meet Employment Quota in N.Y.
- Greentech Media: So, What Exactly Is Community Solar?
Opinion
Best, Yann
The post This is your SolarWakeup for May 1st, 2020 appeared first on SolarWakeup.com.
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