Tesla navigated supply chain challenges to deploy 348MW of solar in 2022, the company's highest install figure since 2017, when it added 523MW. However, with deployment impacted by import delays early last year, PV additions were only marginally up on the 345MW of solar the.
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The project involves the construction of a sophisticated 60 MW battery energy storage system (BESS) combined with a virtual power plant (VPP) in Šibenik.
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The global microgrid market size was valued at USD 13. 70% during the forecast period. Asia Pacific dominated the global market, accounting for 31.
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How big is the microgrid market?
The global microgrid market size was estimated at USD 76.88 billion in 2023 and is expected to reach USD 87.17 billion in 2024. Read More
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Globally, battery prices just sustained their deepest year-over-year plunge since 2017 according to an analysis by research firm BloombergNEF (BNEF). Lithium-ion pack prices dropped 20% from 2023 to a record low of $115 per kilowatt-hour.
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