Summer 2023 Solar Industry Update slide image

Summer 2023 Solar Industry Update

Agenda 1 Global Solar Deployment 2 U.S. Policy Updates • • 3 U.S. PV Deployment • 4 PV Pricing • 5 Global Manufacturing 6 U.S. PV Imports 7 Virtual Power Plants At the end of 2022, more than 263,000 U.S. employees spent most of their time on solar. An additional 82,250 workers spent less than half their time on solar-related work. The United States installed 5.7 GWac (6.1 GWdc) of PV in Q1 2023-and the largest Q1 on record; a significant portion was in Texas, Florida, and California. • 34% of U.S. utility-scale PV and ~21% of all U.S. PV systems built in 2022 used CdTe panels. The United States installed ~2.1 GWh (0.8 GW ac) of energy storage onto the electric grid in Q1 2023. 89% of GWh of utility-scale battery storage installed in 2021 was co-located with an electric generation asset (or retired plant), however in 2022 that number dropped to 59%. NREL | 27
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