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Stock impact report

Solar Carport Market to Grow at CAGR of 10.07% through 2033; Surge in Demand for Sustainable & Renewable Energy Solutions to Bolster Growth [Yahoo! Finance]

iSun, Inc. (ISUN) 
Company Research Source: Yahoo! Finance
The growing popularity and acceptance of electric vehicles (EVs) will propel the growth of the solar carport market. Furthermore, the rising trend of universities and educational institutions adopting solar carports as part of their initiatives to achieve carbon neutrality will create new opportunities for expanding the solar carport market over the coming years. Newark, April 16, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 493.84 million in 2023 global solar carport market will reach USD 1,289.07 million by 2033. Integrating energy storage systems with solar carports presents a significant opportunity for the market. Energy storage technologies, such as batteries, allow solar energy developed during the day to be stored and utilized during periods of low sunlight, cold weather or high electricity demand, enhancing grid stability and enabling greater energy self-consumption for businesses and institutions. Importantly, advancements in Internet of Things (IoT) Show less Read more
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