News about solar power

The solar energy storage market is expected to grow at a 17.5% CAGR from 2025 to 2033, driven by rising solar adoption, demand for backup power, grid stability needs, falling battery costs and supportive clean energy policies. Lithium-ion batteries dominate, Asia Pacific leads on robust solar deployments, and North America and Europe are growing strongly due to residential battery adoption. Key challenges include high upfront installation costs and supply chain dependence on battery materials. In trading, Barito Pacific jumped 20.1% to IDR1,435.00 after announcing a share repurchase program, while Hanwha Solutions fell 9.9% to ₩30,600. Tesla rose 3.8% to $368.06.