News from NovaSource: July 10, 2023

News from NovaSource: July 10, 2023

Hello industry friends,

Summer is well underway and solar is front of mind in much of the world. An abundance of sun in the northern hemisphere is once again leading to record outputs of solar energy, and continually accelerating installations give even more hope for the future of our industry and our energy systems.

I’m excited to see what the rest of the summer holds for solar PV and look forward to helping support the continued growth of solar energy around the world.

Best regards,?

Troy Lauterbach?

Co-Founder & CEO, NovaSource Power Services?


Industry & Market Updates

Germany looks to build 10GW of solar manufacturing capacity

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Germany’s Federal Ministry of Economics and Climate Protection (BMWK) has officially requested Expressions of Interest to build up solar manufacturing capacity within the country. The government is targeting 10GW of PV manufacturing across the value chain, with at least 2GW for modules alone. Requirements from the BMWK include >24% module efficiency, no use of soldering processes in module production, and a recyclability plan or <0.2% module degradation per year. Read more >>

Austria installed over 1 GW of PV in 2022

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PV Austria has calculated that the country installed 1,009 MW of solar last year, surpassing 2021’s record of 740 MW. Austria’s cumulative PV capacity is now 3.79 GW, accounting for 6.6% of yearly electricity demand. For a complete transition to renewable energy, the country will need to install at least 13 GW of capacity by 2030, and 50 GW by 2040 to achieve net-zero. Read more >>

Integrating renewables will require up to 7x more grid flexibility

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New EU energy system models indicate that flexibility requirements will increase significantly in EU countries as renewables are incorporated into grids, rising to 24% in 2030 and 30% in 2050. In particular, solar PV production will require a high degree of daily flexibility. Demand response solutions, flexibility solutions such as batteries and electrolysers, and O&M to maintain responsiveness and reliability are therefore essential for the continued deployment of solar at the utility scale. Read more >>


Views from Above: Heliolytics Spotlight

Drones and AI are expanding the possibilities for remote monitoring

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Overhead monitoring of solar installations is likely to receive an autonomy boost from AI. The use of AI algorithms can enable drones to process enormous amounts of data in real-time, allowing them to make decisions based on their surroundings. With advanced computer vision systems, cameras, and sensors, AI-powered drones can autonomously navigate complex terrain to get a more complete picture of the solar installation. Read more >>


Contact NovaSource

Reach out to contact our Chief Growth Officer Timo Moeller, set up an?in-person or virtual meeting, or fill out the?NovaSource quick survey?and we'll get started addressing any issue you've identified with a current system.

Timo Moeller?– [email protected]

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