Iran War Sends Natural Gas Prices Soaring: What It Means for Solar

Natural gas prices in Europe surged roughly 80% after the Iran war disrupted shipping through the Strait of Hormuz, cutting off 20% of the world's oil supply. On this episode of The Clean Power Hour Live, Tim Montague and John Weaver break down how this energy war affects electricity costs, solar economics, and your business as a clean energy professional. They cover solar's fastest growth in a decade, the new SEIA market report, Virginia's clean energy moves, deep geothermal technology, and a perovskite milestone that signals large-scale manufacturing.Episode Highlights:The Iran war has disrupted oil and gas shipments through the Strait of Hormuz. Tim and John discuss how this "energy war" raises electricity costs, increases shipping expenses for solar equipment, and changes forward price curves for commercial solar proposals. (Clean Air Task Force)John reports in PV Magazine that US solar generation grew at its fastest rate in a decade. (PV Magazine)Solar and wind are set to pass nuclear as a share of global electricity generation in 2026. Combined with hydro at 14%, clean sources now supply about 44% of global electricity. (Michael Liebreich)Virginia's new Democratic governor moved the state back into the Regional Greenhouse Gas Initiative (RGGI), which funds renewable energy certificates worth 3 to 4 cents per kWh. (Politico Pro)Quaise Energy raised $200 million to develop a super-hot geothermal power plant in Oregon. (Canary Media)Maxwell Equipment achieved 32.5% efficiency in a perovskite/HJT tandem solar cell. (PV Tech)If you sell, finance, or develop solar projects, this episode gives you the numbers and context to update your proposals and conversations with clients. Support the showConnect with Tim  Clean Power Hour  Clean Power Hour on YouTubeTim on TwitterTim on LinkedIn Email [email protected] Review Clean Power Hour on Apple PodcastsThe Clean Power Hour is produced by the Clean Power Consulting Group and created by Tim Montague. Contact us by email:  [email protected] sponsors who share our mission to speed the energy transition are invited to check out https://www.cleanpowerhour.com/support/The Clean Power Hour is brought to you by CPS America, maker of North America’s number one 3-phase string inverter, with over 6GW shipped in the US. With a focus on commercial and utility-scale solar and energy storage, the company partners with customers to provide unparalleled performance and service. The CPS America product lineup includes 3-phase string inverters from 25kW to 275kW, exceptional data communication and controls, and energy storage solutions designed for seamless integration with CPS America systems.  Learn more at www.chintpowersystems.com