Energy storage sector fell 113

What is the annual Energy Outlook 2023?

Our Annual Energy Outlook 2023 (AEO2023) explores long-term energy trends in the United States. Since last year’s AEO, much has changed, most notably the passage of the Inflation Reduction Act (IRA), Public Law 117-169, which altered the policy landscape we use to develop our projections. More ›

What is the average capacity factor for each resource category?

The U.S. average capacity factor for each resource category is weighted by the land area (square miles) of each county within the GHI resource category. The county estimated land area is provided by geospatial and tabular data from the U.S. Census. The following map shows average annual GHI in the United States.

What is the rated capacity used to calculate CAPEX for PV systems?

Definitions: The rated capacity used to calculate CAPEX for PV systems is reported in terms of the aggregated capacity of either all its modules or all its inverters. PV modules are rated using standard test conditions and produce DC energy; inverters convert DC energy/power to AC energy/power.

Why is the average system price higher than 80% in 2014?

For example, in 2014, the reported capacity-weighted average system price was higher than 80% of system prices in 2014 because very large systems with multiyear construction schedules were being installed that year.

What causes moderate growth in energy consumption?

Moderate growth in U.S. energy consumption is the result of economic growth, population growth, and increased travel offsetting continued energy efficiency improvements.

How much will bifacial energy gain?

Industry participants have already demonstrated bifacial energy gains of 5%–33%, depending on the module mounting and other factors such as albedo. Under real-world field conditions, a gain of around 5%–15% would be expected. Technology Description: A global module spot price is assumed as the price basis.