Gross domestic product rose at an annual rate of 3% in the second quarter of 2024, showing economic growth and increased consumer spending, according to a report.
The report, released by the U.S. Bureau of Economic Analysis, shows gross domestic product over the last five years.
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Green Energy Failure: Supply chain issues, financing, fleet-adequate solutions, engineering costs, and inadequate software among roadblocks cited in the survey.
Businesses building electric vehicle charging stations say that finding enough electricity is a major — perhaps fatal — problem.
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Solar panel installations are set to decrease in 2022 off of major supply chain issues and rising prices caused by inflation, according to an industry report.
New utility or large-scale industrial solar installations are expected to experience a decline of 14% year-over-year in 2022, the report published Thursday by the Solar Energy Industries Association (SEIA) and Wood Mackenzie showed. Utility-scale solar projects saw an average price increase of 18% over the last year.
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The U.S. economy grew at a 2% rate in the third quarter of 2021 as supply chain issues and the delta variant slowed gains.
The U.S. gross domestic product (GDP), a measure of net services and goods produced, grew at a 2% rate during the third quarter of 2021, the slowest gain of the pandemic era, the Bureau of Economic Analysis (BEA) reported Thursday.
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