Solar is now the cheapest renewable energy source in most places in the world and the cheapest source of energy in history. In less than 50 years, the prices of solar cells has in fact achieved a 99% reduction, and it's not slowing down, in the past decade alone we witnessed a whopping 80% reduction in the pricing of panels. Unsurprisingly, solar is the fastest energy source to reach 1Twh (surpassing the milestone in 2022). Around half of solar generation is utility-scale, with industrial & commercial and residential accounting for around a quarter each. Solar energy startups have raised over $22B since 2019. Most of this funding has been attracted by startups accelerating market adoption in the residential sector in Europe and US (such as financing providers, full providers of residential solar, installation providers, etc.), while China funding has been mostly focusing on solar manufacturing, in line with the country dominance of solar manufacturing value chain.