Solar energy storage suddenly surges

Why did solar stocks rise Thursday?

Solar stocks rose Thursday after Tesla announced record-high energy storage deployments in the fourth quarter. The electric vehicle producer also makes batteries for customers looking to store solar energy. The announcement comes after a Tesla gigafactory in Shanghai reportedly began trial production earlier this week.

How will solar power change the world?

As costs continue to plummet and deployment accelerates, solar is transforming power markets, cutting reliance on fossil fuels, and reshaping geopolitics. And with batteries now scaling at an unprecedented rate, the world is on the cusp of an energy revolution where solar and storage together form an unstoppable force.

Is the rise of solar power a distant future?

The rise of solar power is no longer a distant future—it is happening now, at an unprecedented pace and scale. Global solar power capacity reached one terawatt (TW) in 2022 after decades of growth but reached two TW only two years later, in 2024. No other electricity source has expanded so rapidly in history.

Why did solar stocks rally Thursday?

Solar stocks rallied Thursday after Tesla (TSLA) said it deployed a record amount of energy storage products during the fourth quarter. The Invesco Solar ETF (TAN), which tracks a swath of solar companies, gained 5% Thursday, while SolarEdge Technologies (SEDG) and First Solar (FSLR) advanced 9% and 6%, respectively.

Is solar power a future?

And with batteries now scaling at an unprecedented rate, the world is on the cusp of an energy revolution where solar and storage together form an unstoppable force. The rise of solar power is no longer a distant future—it is happening now, at an unprecedented pace and scale.

What is energy storage & how does it work?

One major hurdle renewable energy has faced is its intermittent nature—what happens when the sun doesn’t shine or the wind doesn’t blow? This is where energy storage systems come into play. Large batteries can store energy when production is high and release it when demand soars, ensuring a consistent power supply.