Many of the early wind power projects installed in North America are ripe for an upgrade. Wind repowering is a process that involves replacing old wind turbines or their components to capture more energy, improve performance and often requalifying for tax credits. There are two main types of repowering: full and partial. Full repowering: In… Continue reading The Big Trend in Wind: Repowering
2024 Trends: Wind and Solar
Wind and solar power in the U.S. are heading in opposite directions. Based our forecasts at Orennia, 37 gigawatts of utility-scale solar power and 7 gigawatts of wind power are expected be added this year. This is on top of ~6 gigawatts of distributed solar estimated by the US Energy Information Administration. Wind energy, once… Continue reading 2024 Trends: Wind and Solar
The Growth of Power Projects: Follow the Money
Clean power projects, particularly solar and storage, are growing quickly across North America. What are unique ways to capture investor sentiment? Rule of 40: Typically used to benchmark SaaS companies, investors will add annual revenue growth and operating margins together. The goal is to find companies with either high margins, high growths rates or both… Continue reading The Growth of Power Projects: Follow the Money
Charted: Increased US Cleantech Spending
Clean energy investment in the US has been growing substantially in recent years, reflecting a broad-based shift towards sustainable energy solutions. Renewables: The cost of wind and solar power has dropped significantly, making them competitive with traditional energy sources. While wind received substantial investment in 2020 and 2021, it has cooled in recent years… Continue reading Charted: Increased US Cleantech Spending
The Adoption S-Curve: Renewables and Batteries
Over the past decade, the US has witnessed a significant shift in its energy landscape, characterized by rapid growth in wind, solar, and battery storage technologies. This transformation is driven by a combination of technological advancements, favorable policies, and a growing recognition of the need for sustainable energy solutions. Wind: According to our project data… Continue reading The Adoption S-Curve: Renewables and Batteries
