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Solar’s Surge and Battery Boom | Business and Finance News

Solar’s Surge and Battery Boom | Business and Finance News

Published 22 hours ago
Description

Solar power just shattered records, hitting 647 gigawatts added globally last year—and it’s now the fastest-growing energy source on the planet. By April 2026, solar and wind together generated more electricity than natural gas for the first time ever. But here’s the twist: most solar setups still lack batteries, leaving them vulnerable to market swings. As renewable energy floods grids during peak sun hours, standalone solar can become nearly worthless—or even negative. That’s why hybrid solar-plus-storage plants are exploding in popularity, letting companies lock in value, hedge against price spikes, and ensure grid reliability. With battery costs plummeting and demand soaring from AI and data centers, the storage market is projected to grow 50% annually, hitting 680 gigawatt-hours by 2030. The future of energy isn’t just solar—it’s solar plus storage.

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