The solar power and energy storage sectors in the United States are experiencing significant growth, employing hundreds of thousands and contributing substantially to the economy. Despite this, there’s potential for even greater expansion, which industry leaders are keen to highlight.
In light of the global energy price fluctuations exacerbated by the Middle Eastern crisis, industry representatives recently converged in Washington to advocate for the advantages of inexpensive, eco-friendly energy. During the event, the Solar Energy Industries Association (SEIA) presented a variety of technologies spanning the solar and storage supply chain, including solar wafers, cells, battery packs, and more.
According to SEIA, “Today, American solar and storage manufacturing giants are gathering on Capitol Hill for the Solar Energy Industries Association’s (SEIA) American Solar and Storage Manufacturing Expo. Amid the ongoing conflict in the Middle East, the event spotlights the historic progress the industry has made to invest in domestic capacity across every level of the supply chain and the important role American-made solar and storage play in strengthening our nation’s energy security.”
America has become a leading player in the global solar and storage manufacturing scene, ranking third in solar panel production and second in energy storage system manufacturing. This is a significant milestone, with the U.S. now capable of producing every major component of the solar supply chain domestically, as highlighted in a SEIA report.
The Inflation Reduction Act of 2022 has been pivotal in revitalizing U.S. manufacturing, particularly in clean technology sectors. This resurgence is unmatched in over a century, with over $43.1 billion in manufacturing investments announced since 2022 across more than 40 states. Such investments are crucial for rebuilding domestic energy supply chains and supporting tens of thousands of jobs.
SEIA’s interim president and CEO, Darren Van’t Hof, noted, “American-made solar and storage are strengthening our energy security at a critical moment for the country. As global instability underscores the need for reliable, homegrown energy, dozens of manufacturers are investing billions in American factories, workers, and supply chains. These investments are helping meet rising electricity demand with affordable and reliable energy technologies made in the United States.”
Phillip Vyhanek, CEO of GameChange Solar, expressed a similar sentiment: “The growth of American solar manufacturing is strengthening our energy economy and reinforcing the importance of reliable domestic supply chains. As electricity demand continues to rise, investments in U.S.-made solar and storage technologies are helping deliver affordable, dependable energy while supporting American jobs, manufacturing, and long-term energy security.”
Moreover, Dan Shugar, founder and CEO of Nextpower, emphasized the importance of domestic supply chains: “America’s energy security depends on strong domestic supply chains and the ability to build energy infrastructure at scale. Our network of more than 30 U.S. manufacturing facilities supports American jobs, strengthens domestic energy production, and helps reduce supply chain risk. As electricity demand accelerates, solar and storage are essential to delivering reliable, low-cost power. Stable policy, predictable permitting, and continued support for domestic manufacturing are critical to maintaining America’s energy leadership.”
The industry leaders’ comments highlight a clear consensus: the future of U.S. energy security and economic growth is heavily reliant on investments in domestic solar and storage manufacturing.
Original Story at cleantechnica.com