The global battery energy storage system market size is expected to grow from USD 4.4 billion in 2022 to USD 15.1 billion at a CAGR of 27.9%.¹

The solar industry is expected to more than triple from 120 GW_dc  installed in 2021 to 464 GW_dc by 2032. This is still far short of what’s needed to hit the Biden administration’s clean energy targets.²

Solar accounted for 45% of all new electricity-generating capacity added to the US grid through the third quarter, more than any other electricity source.³

Solar is likely to be fastest growing energy sub segment in 2023 with demand set to increase 20-30%, according to Bloomberg Intelligence.⁴

Bloomberg Intelligence’s Global Solar Energy 2023 Outlook found that global solar demand rose about 40% in 2022 with industry revenues increasing about 50%.⁵

By the end of 2021, renewables accounted for 38 per cent of global installed capacity.⁶

There are around 48,000 solar energy installations across Canada.⁷

National solar energy (major grid connected) capacity grew by 25.8% across Canada in 2022.⁷

National wind energy capacity grew by 7.1% across Canada in 2022.⁷

Canada ranked 8th in the world for installed wind energy capacity by the end of 2022.⁷