After several years of 30 percent annual growth in installations, 2024 saw a decline: fewer panels were installed in many markets, and companies' valuations declined. The US solar industry installed 7. Solar accounted for 56% of all new electricity-generating capacity added to the US grid in the first half of 2025, with a total of 18 GW. Venture capitalists are still lining up to invest in solar projects and technologies, but just about every other sector—including energy storage—has seen funding slow in the first quarter of 2023, according to data from Mercom Capital Group. Total corporate f unding for energy storage companies. Corporate funding for energy storage companies plummeted 41% year-over-year in the first half of 2025, dropping from $15. 4 billion across 64 deals to $9. Even so, Goldman Sachs Research expects rapid growth in the sector, with global solar installations set to rise to 914 Gigawatts (Gw) in 2030, 57% above 2024 levels. Compared to other sources of.
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