Outlook 2024. A word from our CEO, Dan Horan.
What a year 2023 was! We started out the year with end customers having to wait for a solar system install and ended it with one of the slowest periods of demand we have seen in a long time. While the solar industry now largely stands on its own feet and no longer depends on changing subsidies, demand is still heavily influenced by interest rates, power prices and dependent on supply from Asia. The SolarCoaster still has some ups, downs and loops left in its cycle.
While some of the challenges of last year remain, we look forward with confidence to what we are sure will be a great 2024. While the Climate Change Conference in December failed to take the type of action the world needs, some important progress was still made with the final statement mentioning a “transition away from fossil fuel” and agreement to triple the capacity of renewable energies to 11,000 GW by 2030.
That growth will be felt immediately in 2024 across all European markets. We already see strong signs of recovery in demand and continue to invest in growing the Autarco team and expanding our product range with full confidence in the future. As the energy ecosystem becomes more complex with more batteries, more EV’s and more heat pumps, our total solution approach provides even more value.
Autarco enters 2024 with a revised mission statement: “Achieve €0 energy bills for homes and businesses everywhere, by delivering renewable energy technologies and seamless services”.
Our network of Authorized Dealers remains central to us achieving this mission and we have many developments in the pipeline that extend the competitive edge we can deliver to help you reach your full potential.
We look forward to supporting your success again in 2024.