Chinese Firms Lead U.S. Solar Panel Manufacturing
Jul/17/2024
Chinese firms are significantly ramping up solar panel factory construction in the U.S., positioning themselves as dominant players in the nascent industry, even as non-Chinese plants struggle to compete despite subsidies. A Reuters analysis predicts that by next year, Chinese companies will command at least 20 gigawatts of U.S. solar panel manufacturing capacity, sufficient to satisfy half the nation's demand. This surge in production, while aligning with President Joe Biden's climate agenda to foster clean energy jobs, highlights a growing reliance on a geopolitical rival as the U.S. transitions from fossil fuels to renewable energy. The accompanying chart illustrates the comparative trademark filings related to solar and photovoltaic panels by U.S. and Chinese companies in 2023 and the first half of 2024.
Latest Highlights
-
Foot Locker's Q2 Recovery and Strategic Overhaul
Aug/29/2024 -
Conn's Inc. Files for Chapter 11 Bankruptcy
Jul/31/2024
