Afleveringen
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The clean energy industry is experiencing unprecedented growth, driven by record investments, technological advancements, and increasing demand for renewable energy sources. According to Deloitte's 2025 Renewable Energy Industry Outlook, renewables accounted for nearly 90% of all new builds and expansions in the first nine months of 2024, with solar and wind capacity additions leading the charge[1].
In 2024, the US Energy Information Administration (EIA) reported that wind capacity rose to 153.8 GW, up by 6.5 GW from the previous year, while solar capacity increased by a record-breaking 38.4 GW to 128.2 GW. Battery storage also saw significant growth, rising by 14.9 GW to 30.9 GW[1].
The industry is being driven by demand from cleantech manufacturing, artificial intelligence, and carbon industries, which are competing to meet their infrastructural power demands with 24/7 clean energy. Data centers, in particular, are leading the corporate shift towards renewable energy, with solar and wind capacity contracted to US data centers growing to nearly 34 GW through 2024[1].
Recent deals and partnerships are also driving growth in the industry. For example, technology companies are signing large renewable power purchase agreements to meet their data center needs, while utilities are introducing new clean transition tariffs to help finance the deployment of advanced technologies[1].
Regulatory changes are also playing a significant role in shaping the industry. The Inflation Reduction Act (IRA) has been instrumental in driving investment in clean energy, and state and local policies are becoming increasingly important in advancing renewable deployment[1].
Emerging competitors, such as advanced nuclear technologies, are also gaining traction. According to the World Economic Forum, attitudes towards nuclear energy have shifted significantly in recent years, with many now seeing it as an integral part of the energy transition[3].
In terms of market disruptions, the industry is facing challenges such as grid constraints and the need for rapid deployment of clean and reliable energy sources to meet the growing demand from AI and data centers[3].
Despite these challenges, industry leaders are responding by investing in research and development, forming partnerships, and developing new technologies. For example, companies like SLB and Baker Hughes are collaborating to develop advanced technologies for producing clean hydrogen[2].
In conclusion, the clean energy industry is experiencing rapid growth driven by increasing demand, technological advancements, and regulatory changes. Industry leaders are responding to current challenges by investing in research and development, forming partnerships, and developing new technologies. As the industry continues to evolve, it is likely that we will see even more innovative solutions emerge to meet the growing demand for clean energy.
Statistics and data from the past week include:
* Investment in clean energy surged to $500 billion in 2024, with solar photovoltaic investment surpassing all other generation sources[3].
* The cost of lithium-ion batteries dropped by 40% in 2024, making energy storage increasingly attractive[3].
* Data centers are expected to drive approximately 44 GW of additional demand by 2030[1].
* The US federal government has released guiding principles for the development of high-integrity voluntary carbon markets, which could help firm demand for clean energy[1]. -
The clean energy industry is experiencing unprecedented growth, driven by record public and private investment, increasing demand for clean energy, and supportive policies. According to Deloitte's 2025 Renewable Energy Industry Outlook, renewables accounted for nearly 90% of all new builds and expansions in the first nine months of 2024, up from 57% in the same period in 2023[1].
Utility-scale solar and wind capacity additions led the way, with solar expected to rise by a record-breaking 38.4 GW to 128.2 GW and wind expected to rise by 6.5 GW to 153.8 GW by the end of 2024. Battery storage also saw significant growth, with a record-breaking 14.9 GW increase to 30.9 GW[1].
The demand for clean energy is being driven in part by the growing need for power from cleantech manufacturing, artificial intelligence, and carbon industries. These industries are expected to add 57 GW of demand by 2030, with cleantech manufacturing plants alone adding 11 GW of demand[1].
Data centers are also playing a significant role in the shift towards renewable energy, with solar and wind capacity contracted to US data centers growing to nearly 34 GW through 2024, representing close to half of all renewables contracted to corporations in the United States[1].
States are also taking action to support the growth of clean energy. For example, North Carolina's Utilities Commission accepted Duke Energy's "Carbon Plan" to reduce greenhouse gas emissions from its electric generating facilities, which includes developing 2.4 GW of offshore wind[3].
The clean energy industry is also creating jobs, with over 400,000 new clean energy jobs announced across the United States since August 2022. Texas is leading the way, with 61 new projects announced, creating over 26,476 good-paying clean energy jobs and spurring $17.17 billion in investment[5].
However, the industry is also facing challenges, including potential changes to federal policies under a new administration. The Inflation Reduction Act has been a key driver of growth in the clean energy industry, and any changes to the act could impact the industry's momentum[1].
In conclusion, the clean energy industry is experiencing rapid growth, driven by increasing demand, supportive policies, and record investment. However, the industry is also facing challenges, including potential changes to federal policies. Industry leaders are responding to these challenges by investing in new technologies, forming partnerships, and advocating for continued policy support. As the industry continues to grow, it is likely to play an increasingly important role in the US energy mix. -
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The clean energy industry is experiencing significant growth and transformation, driven by increasing demand, technological advancements, and supportive policies. According to Deloitte's 2025 Renewable Energy Industry Outlook, renewables accounted for nearly 90% of all new builds and expansions in the first nine months of 2024, with solar and wind capacity additions leading the charge[1].
The US Energy Information Administration expects wind capacity to rise to 153.8 GW by the end of 2024, up by 6.5 GW from the previous year, while solar capacity is expected to increase by a record-breaking 38.4 GW to 128.2 GW[1]. Battery storage is also experiencing rapid growth, with a record-breaking 14.9 GW added in 2024, bringing the total to 30.9 GW[1].
The International Energy Agency's World Energy Outlook 2023 reports that renewables are expected to account for nearly 50% of the global electricity mix by 2030, up from around 30% today[2]. The report also notes that the transition to clean energy is happening worldwide and is unstoppable, with immense benefits including new industrial opportunities, jobs, greater energy security, cleaner air, and a safer climate[2].
Artificial intelligence's insatiable energy demand is reshaping the grid, pushing for rapid deployment of clean and reliable energy sources[3]. Data centers, in particular, are driving electricity demand growth, with tech companies committing to sourcing all their power from clean energy[1][3].
Industrial policies are also playing a critical role in advancing clean energy goals, with governments deploying new strategies to spur clean energy manufacturing and establish stronger market positions[3]. The World Economic Forum notes that connections between energy, trade, and manufacturing are deepening, with governments prioritizing jobs, manufacturing, energy security, and cost over emissions reduction[3].
In the US, states are building on the momentum of 2024, with North Carolina's Utilities Commission accepting Duke Energy's "Carbon Plan" to reduce greenhouse gas emissions from its electric generating facilities[5]. The plan includes developing 2.4 gigawatts of offshore wind, enough to power more than 500,000 homes[5].
Overall, the clean energy industry is experiencing significant growth and transformation, driven by increasing demand, technological advancements, and supportive policies. Industry leaders are responding to current challenges by investing in advanced technologies, forming partnerships, and advocating for supportive policies. As the industry continues to evolve, it is likely that we will see even more rapid growth and innovation in the years to come. -
The clean energy industry is experiencing unprecedented growth, driven by record public and private investment, and increasing demand for clean energy solutions. According to Deloitte's 2025 Renewable Energy Industry Outlook, utility-scale solar and wind capacity additions accounted for nearly 90% of all new builds and expansions in the first nine months of 2024, up from 57% in the same period in 2023[1].
The US Energy Information Administration expects wind capacity to rise to 153.8 GW by the end of 2024, up by 6.5 GW from the previous year, while solar capacity is expected to increase by a record-breaking 38.4 GW to 128.2 GW[1]. Battery storage is also on the rise, with a record-breaking 14.9 GW increase to 30.9 GW.
The growth in clean energy is not limited to the US. The International Energy Agency's World Energy Outlook 2023 reports that renewables are expected to account for nearly 50% of the global electricity mix by 2030, up from around 30% today[2]. The report also notes that the transition to clean energy is happening worldwide and is unstoppable.
State governments are also playing a critical role in driving the growth of clean energy. In North Carolina, the Utilities Commission accepted Duke Energy's "Carbon Plan" to reduce greenhouse gas emissions from its electric generating facilities, which includes developing 2.4 GW of offshore wind[3].
The clean energy industry is also creating new job opportunities. According to Climate Power's January 2025 report, the US has surpassed 400,000 new clean energy jobs across the country since August 2022, with Texas leading the way with 61 new projects announced and over 26,000 good-paying clean energy jobs created[5].
However, the industry is also facing challenges, including regulatory changes and potential disruptions to federal investments. The new administration's priorities may impact the pace of renewable deployment, and lawmakers are considering repealing or gutting federal investments that have driven the growth of clean energy[1][5].
In response to these challenges, industry leaders are forming new partnerships and investing in emerging technologies. For example, technology and manufacturing companies are aggregating their clean power demand to accelerate the commercialization of advanced technologies, and utilities are introducing new clean transition tariffs for commercial and industrial customers[1].
Overall, the clean energy industry is experiencing rapid growth and transformation, driven by increasing demand, record investment, and emerging technologies. While challenges remain, industry leaders are responding with innovative solutions and partnerships to drive the transition to a cleaner energy future. -
The clean energy industry is experiencing significant growth and momentum, driven by record public and private investment, demand for clean energy, and supportive policies. According to Deloitte's 2025 Renewable Energy Industry Outlook, utility-scale solar and wind capacity additions accounted for nearly 90% of all new builds and expansions in the first nine months of 2024, up from 57% in the same period in 2023[1].
The US Energy Information Administration expects wind capacity to rise to 153.8 GW by the end of 2024, up by 6.5 GW from the previous year, while solar capacity is expected to increase by a record-breaking 38.4 GW to 128.2 GW[1]. Battery storage is also experiencing rapid growth, with a record-breaking 14.9 GW increase to 30.9 GW[1].
The industry is also seeing significant demand growth, with US electricity demand expected to rise by 128 GW over the next five years, according to a report by Grid Strategies[3]. The number of new transmission interconnection requests has risen by 300% to 500% over the last decade, with 2.5 TW of clean energy and storage capacity currently waiting to connect to the grid[3].
Despite these positive trends, the industry faces challenges, including clogged interconnection queues, siting and permitting issues, and potential federal policy reversals under the new administration[3]. However, industry leaders are responding to these challenges by forming innovative partnerships and projects to diversify and grow their economies while lowering greenhouse gas emissions[5].
States are also taking steps to modernize their grids and increase clean energy use. For example, North Carolina's Utilities Commission has accepted Duke Energy's "Carbon Plan" to reduce greenhouse gas emissions from its electric generating facilities, which includes developing 2.4 GW of offshore wind[5]. Utah has also received a $249 million grant from the US Department of Energy to upgrade its transmission lines with advanced, higher-performing conductors[5].
In terms of regulatory changes, the Inflation Reduction Act continues to spur record investment in the industry, despite the threat of federal policy reversals[3]. The European Union's Renewable Energy Directive III aims to raise the share of renewable energy in total consumption from 23% in 2022 to 42.5% by 2030[2].
Overall, the clean energy industry is experiencing significant growth and momentum, driven by demand for clean energy, supportive policies, and innovative partnerships. Despite challenges, industry leaders are responding with innovative solutions and states are taking steps to modernize their grids and increase clean energy use.
Recent statistics and data include:
- 90% of new builds and expansions in the first nine months of 2024 were utility-scale solar and wind capacity additions[1].
- Wind capacity is expected to rise to 153.8 GW by the end of 2024, up by 6.5 GW from the previous year[1].
- Solar capacity is expected to increase by a record-breaking 38.4 GW to 128.2 GW[1].
- Battery storage is expected to increase by a record-breaking 14.9 GW to 30.9 GW[1].
- US electricity demand is expected to rise by 128 GW over the next five years[3].
- 2.5 TW of clean energy and storage capacity is currently waiting to connect to the grid[3].
These statistics demonstrate the significant growth and momentum in the clean energy industry, driven by demand for clean energy and supportive policies. -
The clean energy industry is experiencing significant growth and transformation, driven by increasing demand, technological advancements, and supportive policies. Here's a current state analysis of the industry:
Recent market movements indicate a strong momentum for clean energy. In 2024, utility-scale solar and wind capacity additions accounted for nearly 90% of all new builds and expansions in the first nine months, up from 57% in the same period in 2023[1]. The US Energy Information Administration expects wind capacity to rise to 153.8 GW by the end of 2024, while solar capacity is expected to increase by a record-breaking 38.4 GW to 128.2 GW[1].
The Inflation Reduction Act has been a key driver of growth, spurring record investment in clean energy. However, the industry faces challenges, including clogged interconnection queues and permitting issues[3]. Despite these challenges, the macro trends are positive, with US electricity demand expected to rise by 128 GW over the next five years[3].
New partnerships and deals are emerging, with companies like SLB and Baker Hughes collaborating on clean hydrogen production[2]. The oil and gas industry is also diversifying into renewable energy, with companies like Chevron and Marathon Petroleum Corporation forming partnerships with agricultural firms to secure feedstock supply for biofuels[2].
Regulatory changes are also shaping the industry. The European Union's Renewable Energy Directive III aims to increase the share of renewable energy in total consumption to 42.5% by 2030[2]. In the US, the new administration's policies may impact the industry, with potential changes to permitting and environmental approvals[2].
Consumer behavior is shifting, with increasing demand for clean energy driving growth. Residential solar attachment rates are expected to rise from 14% in 2023 to a record 25% in 2024[1]. The electric vehicle market is also growing, although at a slower rate than in previous years[2].
Industry leaders are responding to current challenges by investing in new technologies and forming partnerships. For example, Deloitte's Renewable Energy Industry Outlook highlights the importance of advanced nuclear technologies, green hydrogen, and long-duration energy storage in meeting rising power demand[1].
Compared to previous reporting, the industry has made significant progress in recent years. The clean energy boom has created over 400,000 new jobs across the US, with investments in clean energy surpassing $1 trillion since 2022[5]. However, the industry still faces challenges, including supply chain disruptions and regulatory uncertainty.
In conclusion, the clean energy industry is experiencing rapid growth and transformation, driven by increasing demand, technological advancements, and supportive policies. Despite challenges, the industry is poised for continued growth, with industry leaders investing in new technologies and forming partnerships to meet rising demand. -
The clean energy industry is experiencing rapid growth and transformation, driven by increasing demand, technological advancements, and supportive policies. Here's a current state analysis of the industry, focusing on recent market movements, deals, partnerships, emerging competitors, new product launches, regulatory changes, and significant market disruptions.
The industry begins 2025 with momentum from the Inflation Reduction Act, which continues to spur record investment in clean energy projects. Load growth is also driving deployment, with U.S. electricity demand expected to rise by 128 GW over the next five years[3]. Utility-scale solar and wind capacity additions dominated new builds and expansions in 2024, accounting for nearly 90% of all new capacity added in the first nine months[1].
Recent deals and partnerships highlight the industry's growth. In Texas, for example, over $17.17 billion has been invested in clean energy projects since August 2022, creating over 26,476 jobs. Solar manufacturing is booming, with companies like Aspen Woods Group and Robert Rockefeller Standard Carbon announcing new facilities[5].
Emerging competitors are also entering the market. The oil and gas industry is diversifying into renewable energy, with companies like Chevron and Marathon Petroleum Corporation forming partnerships with agricultural firms to secure feedstock supplies for biofuels[2].
New product launches are focusing on advanced technologies like green hydrogen, long-duration energy storage, and advanced solar cell technology. These technologies are expected to play a significant role in meeting rising power demand[1].
Regulatory changes are also shaping the industry. The new administration's policies may impact the pace of renewable deployment, but state and local policies are becoming increasingly important drivers[1]. In Europe, the Renewable Energy Directive III aims to raise the share of renewable energy in total consumption to 42.5% by 2030[2].
Significant market disruptions include the clogged interconnection queues across the country, which are hindering the deployment of clean energy projects. The Department of Energy reports that 2.5 TW of clean energy and storage capacity is currently waiting to connect to the grid[3].
Consumer behavior is shifting towards clean energy, with residential solar attachment rates expected to rise to a record 25% in 2024[1]. Price changes are also favorable, with the cost of solar and wind energy decreasing dramatically.
Supply chain developments are also critical, with companies like Eaton expanding their manufacturing of critical grid components in Texas[5].
Industry leaders are responding to current challenges by investing in new technologies, forming partnerships, and advocating for supportive policies. Heather O'Neill, president and CEO of Advanced Energy United, notes that while there are challenges, the macro trends are incredibly positive[3].
In comparison to previous reporting, the industry's growth has accelerated, driven by the Inflation Reduction Act and increasing demand. The industry's focus on advanced technologies and diversification into new areas like green hydrogen and biofuels is also a significant development.
In conclusion, the clean energy industry is experiencing rapid growth and transformation, driven by increasing demand, technological advancements, and supportive policies. While challenges remain, the industry's momentum is expected to continue, with significant opportunities for deployment and innovation in the coming years. -
The clean energy industry is entering 2025 with significant momentum, driven by record investment and demand growth. Despite potential federal policy reversals under the new administration, the sector remains buoyed by the Inflation Reduction Act (IRA) and state-level initiatives.
Recent market movements have been positive, with utility-scale solar and wind capacity additions accounting for nearly 90% of all new builds and expansions in the first nine months of 2024, up from 57% in the same period in 2023[1]. The US Energy Information Administration (EIA) expects wind capacity to rise to 153.8 GW by the end of 2024, up by 6.5 GW from a year earlier, while solar capacity is expected to increase by a record-breaking 38.4 GW to 128.2 GW[1].
Load growth is a key driver of the industry's growth, with US electricity demand projected to rise by 128 GW over the next five years[3]. The number of new transmission interconnection requests has risen by 300% to 500% over the last decade, with 2.5 TW of clean energy and storage capacity currently waiting to connect to the grid[3].
Emerging competitors in the clean energy space include cleantech manufacturing, artificial intelligence, and carbon industries, which are driving demand for 24/7 clean energy[1]. Cross-sector partnerships are also forming to accelerate the commercialization of advanced technologies, such as an initiative from a group of technology and manufacturing companies to aggregate their clean power demand[1].
Regulatory changes are also shaping the industry, with the IRA continuing to spur record investment in clean energy[3]. State-level initiatives, such as North Carolina's "Carbon Plan" to reduce greenhouse gas emissions from its electric generating facilities, are also driving growth[5].
Industry leaders are responding to current challenges by developing innovative partnerships and projects to diversify and grow their economies while lowering greenhouse gas emissions[5]. For example, Duke Energy's plan to develop 2.4 gigawatts of offshore wind in North Carolina is a noteworthy step towards growing offshore wind in the Southeast region[5].
Compared to previous reporting, the clean energy industry is showing significant growth and momentum, driven by record investment and demand growth. While potential federal policy reversals pose a risk, state-level initiatives and industry partnerships are driving the sector forward.
In terms of shifts in consumer behavior, there is a growing demand for clean energy, with residential solar attachment rates expected to rise from 14% in 2023 to a record 25% in 2024[1]. Price changes are also driving growth, with the cost of solar and wind energy decreasing over time.
Supply chain developments are also supporting the industry's growth, with domestic supply chains and AI acceleration of operational and technological innovation providing additional advantages[1]. Overall, the clean energy industry is poised for continued growth in 2025, driven by record investment, demand growth, and state-level initiatives. -
The clean energy industry is experiencing significant growth and transformation, driven by increasing demand for renewable energy sources, technological advancements, and supportive policies. Here's a current state analysis of the industry:
Recent market movements indicate a strong momentum for clean energy. In 2024, utility-scale solar and wind capacity additions accounted for nearly 90% of all new builds and expansions in the first nine months, up from 57% in the same period in 2023[1]. The US Energy Information Administration expects wind capacity to rise to 153.8 GW by the end of 2024, while solar capacity is expected to increase by a record-breaking 38.4 GW to 128.2 GW[1].
The industry is also seeing significant investments in new technologies, such as advanced nuclear technologies, green hydrogen, and long-duration energy storage[1]. Companies like SLB and Baker Hughes are developing integrated solutions for producing clean hydrogen, while others are investing in renewable energy sources like solar and wind power to reduce their carbon footprint[2].
Regulatory changes are also playing a crucial role in shaping the industry. The Inflation Reduction Act has accelerated innovation in renewable technologies, and state and local policies are becoming increasingly important in driving the pace of renewable deployment[1]. The European Union's Renewable Energy Directive III aims to raise the share of renewable energy in total consumption to 42.5% by 2030, while countries like Brazil are implementing policies to increase the use of biofuels in the transport energy mix[2].
Despite these positive trends, the industry is facing challenges such as supply chain disruptions, price volatility, and uncertainty around future regulatory environments[2]. The refining and marketing sector is at a crossroads, with modest long-term growth projections for traditional fuels and significant profitability challenges in the renewable fuels segment[2].
Industry leaders are responding to these challenges by investing in new technologies, forming partnerships, and diversifying their portfolios. Companies like Chevron and Marathon Petroleum Corporation are partnering with agricultural firms to secure a consistent feedstock supply and strengthen their biofuel supply chains[2]. Others are repurposing their facilities, leveraging shared utilities, and adapting existing distribution networks to integrate low-carbon technologies with traditional operations[2].
In comparison to previous reporting, the industry is seeing a significant shift towards clean energy sources, driven by increasing demand and supportive policies. The International Energy Agency notes that achieving a clean energy transition with less nuclear power would require an extraordinary effort, with wind and solar PV needing to accelerate at an unprecedented rate[3]. The National Renewable Energy Laboratory's study on 100% clean electricity by 2035 highlights the need for rapid and sustained growth in installations of solar and wind generation capacity[4].
Overall, the clean energy industry is experiencing significant growth and transformation, driven by increasing demand, technological advancements, and supportive policies. While challenges remain, industry leaders are responding by investing in new technologies, forming partnerships, and diversifying their portfolios. As the industry continues to evolve, it is likely to play a critical role in shaping the future of the energy landscape. -
The clean energy industry is experiencing significant growth and transformation, driven by increasing demand for renewable energy sources and technological advancements. According to Deloitte's 2025 Renewable Energy Industry Outlook, renewables accounted for nearly 90% of all new builds and expansions in the first nine months of 2024, with utility-scale solar and wind capacity additions leading the way[1].
The US Energy Information Administration expects wind capacity to rise to 153.8 GW by the end of 2024, up by 6.5 GW from a year earlier, while solar capacity is expected to increase by a record-breaking 38.4 GW to 128.2 GW[1]. Battery storage is also on the rise, with a record-breaking 14.9 GW increase to 30.9 GW[1].
The industry is also seeing significant investment in new technologies, with companies like SLB and Baker Hughes developing integrated direct lithium-extraction solutions and collaborating on clean hydrogen production[2]. The Permian basin, a major hub for US oil and gas production, is also seeing growth in renewable energy, with companies diversifying into solar and wind power to reduce fiscal breakeven burdens[2].
However, the industry is not without its challenges. The refining and marketing sector is facing modest long-term growth projections for traditional fuels and significant profitability challenges in the renewable fuels segment[2]. The electric vehicle market is also experiencing a slowdown, with growth rates falling from above 30% year over year in 2023 to less than 13% year over year in the first half of 2024[2].
Regulatory changes are also on the horizon, with the new administration expected to implement policy changes that could impact the industry[1][2]. The Renewable Energy Directive III in Europe aims to raise the share of renewable energy in total consumption from 23% in 2022 to 42.5% by 2030, while Brazil is increasing its blending mandates for ethanol and biodiesel[2].
Industry leaders are responding to these challenges by investing in new technologies and forming partnerships to accelerate the commercialization of advanced technologies[1]. Utilities are also introducing new clean transition tariffs for commercial and industrial customers to help finance the deployment of these technologies[1].
In comparison to previous reporting, the industry is seeing a significant shift towards renewable energy sources, with wind and solar capacity increasing at an unprecedented rate[3][4]. The International Energy Agency notes that achieving a clean energy transition with less nuclear power would require an extraordinary effort, with wind and solar PV needing to accelerate at an unprecedented rate to offset nuclear's decline[3].
Overall, the clean energy industry is experiencing significant growth and transformation, driven by increasing demand for renewable energy sources and technological advancements. However, the industry is not without its challenges, and regulatory changes and shifts in consumer behavior will continue to shape the industry in the coming years. -
The clean energy industry is poised for continued growth in 2025, driven by significant private and public investments. Utility-scale solar and wind projects are expected to see record capacity increases, strengthening the U.S. energy grid and creating jobs in both rural and urban communities[1][3].
Recent market movements have been favorable, with renewables accounting for close to 90% of all new builds and expansions in the first nine months of 2024, up from 57% in the same period in 2023[3]. The U.S. Energy Information Administration expects wind capacity to rise to 153.8 GW by the end of 2024, and solar to reach 128.2 GW, with battery storage increasing by a record-breaking 14.9 GW to 30.9 GW[3].
Emerging trends include the integration of low-carbon technologies with traditional operations, which is expected to unlock new areas of revenue expansion and cost synergies for companies. Cross-industry partnerships are also on the rise, with companies like Chevron and Marathon Petroleum Corporation forming partnerships with agricultural firms to secure a consistent feedstock supply and strengthen their biofuel supply chains[2].
Regulatory changes are anticipated under a new administration, with potential policy changes aimed at streamlining permitting and expediting environmental approvals. However, these changes may also lead to uncertainty about the U.S. energy landscape and future regulatory environment[2].
Consumer behavior is shifting towards clean energy, with residential solar attachment rates expected to rise from 14% in 2023 to a record 25% in 2024[3]. The electric vehicle market, however, is facing challenges, with growth rates falling from above 30% year over year in 2023 to less than 13% year over year in the first half of 2024[2].
Industry leaders are responding to current challenges by investing in new technologies and forming partnerships to accelerate the commercialization of advanced clean energy technologies. For example, a group of technology and manufacturing companies is aggregating their clean power demand to help accelerate the commercialization of advanced technologies[3].
In comparison to the previous reporting period, the clean energy industry has seen significant growth, with renewables accounting for a larger share of new builds and expansions. The industry is expected to continue to drive economic development nationwide, with utility-scale solar and wind projects leading the way[1][3].
Key statistics include:
- 90% of new builds and expansions in the first nine months of 2024 were renewables[3].
- Wind capacity is expected to rise to 153.8 GW by the end of 2024[3].
- Solar capacity is expected to reach 128.2 GW by the end of 2024[3].
- Battery storage is expected to increase by a record-breaking 14.9 GW to 30.9 GW by the end of 2024[3].
- Residential solar attachment rates are expected to rise from 14% in 2023 to a record 25% in 2024[3].
Overall, the clean energy industry is poised for continued growth in 2025, driven by significant investments and favorable market trends. Industry leaders are responding to current challenges by investing in new technologies and forming partnerships to accelerate the commercialization of advanced clean energy technologies. -
The clean energy industry is experiencing significant growth and transformation, driven by increasing demand, technological advancements, and supportive policies. Recent market movements and trends indicate a robust 2025 for the sector.
According to Deloitte's Renewable Energy Industry Outlook, 2024 saw record public and private investment in clean energy, with utility-scale solar and wind capacity additions accounting for nearly 90% of all new builds and expansions in the first nine months of the year[1]. The US Energy Information Administration expects wind capacity to rise to 153.8 GW by the end of 2024, while solar capacity is expected to increase by a record-breaking 38.4 GW to 128.2 GW[1].
BloombergNEF estimates that 2024 was a strong year for clean energy deployment, with solar PV installations up 35% year-on-year, wind up 5%, energy storage installations up 76%, and EV sales gaining 26%[3]. The World Economic Forum notes that investment in clean energy is surging, with solar and energy storage leading the charge as costs plummet and industrial policies gain traction globally[5].
Emerging competitors and new product launches are also driving growth in the sector. For example, SLB is developing an integrated direct lithium-extraction solution that could be significantly faster than traditional methods, while companies like Baker Hughes are targeting new orders in the clean hydrogen and carbon capture and storage markets[2].
Regulatory changes and significant market disruptions are also shaping the industry. The Inflation Reduction Act has accelerated innovation in renewable technologies, and state and local policy drivers are expected to play a critical role in advancing clean energy goals[1]. However, the refining and marketing sector is facing challenges, with modest long-term growth projections for traditional fuels and significant profitability challenges in the renewable fuels segment[2].
In response to current challenges, industry leaders are focusing on innovation and partnerships. For example, companies like Chevron and Marathon Petroleum Corporation are forming partnerships with agricultural firms to secure a consistent feedstock supply and strengthen their biofuel supply chains[2]. The World Economic Forum notes that governments and industries are taking action to accelerate the nuclear renaissance, with a focus on small modular reactors and fusion[5].
Compared to the previous reporting period, the clean energy industry is experiencing increased momentum, driven by supportive policies, technological advancements, and growing demand. Industry leaders are responding to current challenges by investing in innovation, forming partnerships, and diversifying their portfolios. As the sector continues to evolve, it is likely that clean energy will play an increasingly important role in meeting global energy demand and reducing greenhouse gas emissions.
Key statistics and data from the past week include:
* 2024 saw record public and private investment in clean energy, with utility-scale solar and wind capacity additions accounting for nearly 90% of all new builds and expansions[1].
* Solar PV installations were up 35% year-on-year, wind up 5%, energy storage installations up 76%, and EV sales gaining 26%[3].
* Investment in clean energy is surging, with solar and energy storage leading the charge as costs plummet and industrial policies gain traction globally[5].
* The cost of lithium-ion batteries has dropped more than 90% over the last decade, and in 2024 alone, it fell 40%[5].
Overall, the clean energy industry is experiencing significant growth and transformation, driven by increasing demand, technological advancements, and supportive policies. As the sector continues to evolve, it is likely that clean energy will play an increasingly important role in meeting global energy demand and reducing greenhouse gas emissions. -
The clean energy industry is at a pivotal moment, marked by significant growth, emerging challenges, and shifting market dynamics. Recent market movements indicate a robust expansion in renewable energy capacity, with utility-scale solar and wind additions accounting for nearly 90% of all new builds and expansions in the first nine months of 2024[3]. This momentum is expected to continue in 2025, driven by increasing demand for clean energy, particularly from cleantech manufacturing, artificial intelligence, and carbon industries[3].
Key statistics highlight the industry's growth trajectory:
- Solar PV installations were up 35% year-on-year in 2024[5].
- Wind installations increased by 5% in 2024[5].
- Energy storage installations rose by 76% in megawatt-hour terms in 2024[5].
- EV sales gained 26% in 2024[5].
However, despite these gains, the industry faces significant challenges. The growth in clean energy supply is not yet fast enough to curtail the growth in fossil fuel demand, let alone displace existing fossil fuel consumption[1]. Total primary energy demand is projected to increase by more than eight million barrels of oil equivalent per day (boe/d) in 2025, outpacing the growth in clean energy supply[1].
Regulatory changes and policy support are crucial in driving the energy transition. The Inflation Reduction Act (IRA) has accelerated innovation in renewable technologies, and state and local policies are expected to play a significant role in shaping the pace of renewable deployment in 2025[3]. For instance, the United Kingdom and the European Union have implemented a 2% sustainable aviation fuel mandate from 2025 onwards, stimulating demand for low-carbon fuels[2].
Industry leaders are responding to current challenges by diversifying into renewable energy, investing in new technologies, and forming cross-sector partnerships. Oilfield services companies are transitioning into "energy technology companies" by developing low-carbon ventures such as carbon capture and hydrogen generation[2]. Companies like Chevron and Marathon Petroleum Corporation are partnering with agricultural firms to secure a consistent feedstock supply and strengthen their biofuel supply chains[2].
In conclusion, the clean energy industry is experiencing robust growth, driven by increasing demand and technological advancements. However, it faces significant challenges in meeting the pace of energy demand growth and displacing fossil fuel consumption. Regulatory support, industry diversification, and technological innovation will be critical in driving the energy transition forward in 2025. -
The clean energy industry is poised for significant growth in 2025, driven by substantial private and public investments. Utility-scale solar and wind projects are expected to see record capacity increases, bolstering the U.S. energy grid and creating jobs and local tax revenue[2][4].
Key trends for 2025 include the continued dominance of solar and wind in new electricity generation builds, with these sources accounting for nearly 90% of all new capacity additions in the first nine months of 2024[4]. The U.S. Energy Information Administration (EIA) projects wind capacity to rise to 153.8 GW and solar to 128.2 GW by the end of 2024, with battery storage also seeing a record-breaking increase to 30.9 GW[4].
The industry is also seeing significant advancements in technology, with domestic efforts to bring the clean energy supply chain onshore paying dividends. Breakthroughs in battery technology and solar panel production are creating high-quality jobs and driving economic growth[2].
However, the sector faces challenges, particularly in the refining and marketing segment, where traditional fuels are projected to see modest long-term growth, and renewable fuels are facing oversupply and profitability issues[1]. The electric vehicle market has also seen a slowdown in growth, from over 30% year over year in 2023 to less than 13% in the first half of 2024[1].
Regulatory changes are expected to play a crucial role in 2025, with the new administration potentially introducing new policies to support the clean energy transition. The Inflation Reduction Act (IRA) has already accelerated innovation in renewable technologies, and state and local policies are becoming increasingly important in driving the pace of renewable deployment[4].
Industry leaders are responding to current challenges by diversifying into renewable energy, such as solar and wind power, which has provided economic stability and reduced fiscal breakeven burdens[1]. Cross-industry partnerships are also being formed to accelerate the commercialization of advanced technologies, including initiatives to aggregate clean power demand and introduce new clean transition tariffs[4].
In comparison to the previous reporting period, the clean energy industry has seen sustained growth, with 2024 being a record year for renewable energy investments and deployments[4]. The stage is set for positive momentum to continue in 2025, driven by new capital from tech companies, advancements in renewable technology, and a growing workforce trained for these innovations[2].
Specific examples of industry leaders responding to current challenges include Chevron and Marathon Petroleum Corporation forming partnerships with agricultural firms to secure a consistent feedstock supply and strengthen their biofuel supply chains[1]. Additionally, companies like SLB are developing integrated direct lithium-extraction solutions and collaborating with other companies to create new solutions for producing clean hydrogen[1].
Overall, the clean energy industry is on track for a robust 2025, driven by significant investments, technological advancements, and regulatory support. Despite challenges, industry leaders are adapting and innovating to meet the growing demand for clean energy. -
The clean energy industry is poised for significant growth in 2025, driven by substantial investments, technological advancements, and shifting regulatory landscapes. Recent market movements indicate a surge in clean energy investments, with solar and energy storage leading the charge. In 2024, investment in solar photovoltaic surpassed all other generation sources, reaching $500 billion, while battery storage investment grew by more than 20% to exceed $50 billion[5].
Utility-scale solar and wind capacity additions are expected to continue their record growth, with the U.S. Energy Information Administration projecting wind capacity to rise to 153.8 GW and solar to 128.2 GW by the end of 2024[3]. The deployment of long-duration energy storage is also gaining momentum, with residential solar attachment rates expected to rise from 14% in 2023 to a record 25% in 2024[3].
Emerging competitors and new product launches are further driving the industry's growth. For instance, advancements in battery technology and the development of small modular reactors and fusion present new opportunities for clean energy generation[5]. Additionally, cross-sector partnerships are being leveraged to develop advanced technologies, such as clean hydrogen production solutions[4].
Regulatory changes, particularly the Inflation Reduction Act in the United States, have significantly boosted the clean energy sector. The act has accelerated innovation in renewable technologies, with more than two-thirds of respondents to the 2024 Deloitte power and utilities survey believing that the federal government most significantly shapes policies that drive the energy transition[3].
Consumer behavior is also shifting, with electric vehicle sales increasing rapidly. In 2023, one in five cars sold was electric, up from one in 25 in 2020[2]. Furthermore, the demand for clean energy is growing fast, driven by AI, population, and economic growth, leading to a focus on 24/7 clean power solutions[3].
Industry leaders are responding to current challenges by investing in new technologies and forming strategic partnerships. For example, companies like Baker Hughes are targeting significant investments in new orders by 2030, while others like Chevron and Marathon Petroleum Corporation are forming partnerships with agricultural firms to secure feedstock supplies for biofuels[4].
Comparing current conditions to the previous reporting period, the clean energy industry has seen significant growth and investment. The industry's momentum is expected to continue in 2025, driven by technological advancements, regulatory support, and shifting consumer behavior. Key trends to watch in 2025 include industrial policy taking center stage, a nuclear renaissance, and continued focus on R&D and innovation[5].
In conclusion, the clean energy industry is on a trajectory of rapid growth and transformation, driven by substantial investments, technological advancements, and regulatory support. As the industry continues to evolve, it is crucial for leaders to stay ahead of emerging trends and challenges to ensure a sustainable and resilient energy future. -
The clean energy industry is experiencing significant growth and transformation, driven by increasing demand for renewable energy sources, technological advancements, and supportive policies. Here's a current state analysis of the industry:
Recent market movements indicate a surge in clean energy investments, with solar and energy storage leading the charge. In 2024, investment in solar photovoltaic reached $500 billion, surpassing all other generation sources, while investment in battery storage grew by over 20% to exceed $50 billion[5]. This growth is attributed to rapid cost reduction, making project economics increasingly attractive.
The industry is also witnessing emerging competitors and new product launches. For instance, advanced nuclear technologies are gaining momentum, with many believing they will play a crucial role in meeting rising power demand in the next few years[3]. Additionally, the storage boom is reflected in the distributed segment, with residential solar attachment rates expected to rise from 14% in 2023 to a record 25% in 2024[3].
Regulatory changes are also shaping the industry. The Inflation Reduction Act (IRA) has accelerated innovation in renewable technologies, and state and local policy drivers are becoming increasingly important in driving renewable deployment[3]. Furthermore, governments are deploying new industrial strategies to spur clean energy manufacturing and establish stronger market positions[5].
However, the industry faces significant challenges, including meeting the growing demand for clean energy. S&P Global Commodity Insights projects that primary energy demand will increase by approximately nine million barrels of oil equivalent per day (boe/d) in 2024 and over eight million boe/d in 2025, outpacing the growth of clean energy supply[1].
In response to these challenges, industry leaders are focusing on developing new technologies and partnerships. For example, a group of technology and manufacturing companies are aggregating their clean power demand to accelerate the commercialization of advanced technologies[3]. Utilities are also introducing new clean transition tariffs for commercial and industrial customers to help finance deployment of these technologies without impacting residential customer rates[3].
Compared to the previous reporting period, the industry has seen significant growth in investment and deployment of clean energy technologies. However, the pace of growth is still not sufficient to meet the growing demand for energy, and the industry must continue to innovate and adapt to meet this challenge.
In terms of consumer behavior, there is a growing demand for clean energy, driven by increasing awareness of climate change and the need for sustainable energy sources. This shift is reflected in the growth of residential solar installations and the increasing adoption of electric vehicles.
In conclusion, the clean energy industry is experiencing significant growth and transformation, driven by increasing demand for renewable energy sources, technological advancements, and supportive policies. However, the industry faces significant challenges, including meeting the growing demand for clean energy, and must continue to innovate and adapt to meet this challenge. -
The clean energy industry is poised for significant growth and transformation in 2025, driven by increasing demand, technological advancements, and supportive policies. Here's a current state analysis of the industry:
Recent market movements indicate a strong momentum for clean energy. The International Energy Agency (IEA) predicts that more than a third of the world's electricity will come from renewables by 2025[3]. In 2023, over 500 gigawatts (GW) of renewables generation capacity were added, a new record[2]. The Deloitte 2025 Renewable Energy Industry Outlook notes that the demand for clean energy is outpacing supply, creating a "renewables race" to fill the resource gap[1].
The industry is also witnessing significant deals and partnerships. For instance, SLB is developing an integrated direct lithium-extraction solution, and cross-sector partnerships are being leveraged to develop advanced technologies for producing clean hydrogen[4]. Chevron and Marathon Petroleum Corporation have formed partnerships with agricultural firms to secure a consistent feedstock supply and strengthen their biofuel supply chains[4].
Emerging competitors are also making their mark. China, a clean energy powerhouse, accounted for around half of wind and solar additions and well over half of global EV sales in 2022[2]. The country's economy is reaching an inflection point, with lower future demand expected in energy-intensive sectors like cement and steel[2].
New product launches and technological advancements are driving growth in the industry. Solar PV installations were up 35% year-on-year in 2024, wind was up 5%, energy storage installations rose 76%, and EV sales gained 26%[5]. BloombergNEF estimates that 16 million metric tons of annual clean hydrogen production capacity will come online by 2030, and around 200 million metric tons per annum of CCS capacity will be installed by then[5].
Regulatory changes are also playing a crucial role in shaping the industry. The Inflation Reduction Act in the United States has accelerated innovation in renewable technologies, and state and local policy drivers may become more prominent in 2025[1]. The European Union has implemented a 2% sustainable aviation fuel mandate from 2025 onwards[4].
In terms of consumer behavior, there is a growing demand for clean energy, driven by concerns about climate change and energy security. Residential solar attachment rates are expected to rise from 14% in 2023 to a record 25% in 2024[1]. The electric vehicle market is also growing, with BloombergNEF forecasting that EVs will account for one-third of new vehicles sold in the US by 2030[5].
Industry leaders are responding to current challenges by investing in new technologies, diversifying into renewable energy, and forming partnerships to accelerate the commercialization of advanced technologies. For instance, utilities are seeking to introduce new clean transition tariffs for commercial and industrial customers to help finance the deployment of these technologies[1].
Compared to the previous reporting period, the clean energy industry is showing significant growth and momentum. The industry is expected to continue to drive innovation and deployment in 2025, despite policy uncertainty and supply chain challenges. As the world transitions to a low-carbon economy, the clean energy industry is poised to play a critical role in shaping the future of energy. -
The clean energy industry is at a pivotal moment, marked by rapid growth, significant challenges, and evolving market dynamics. Recent analyses and forecasts highlight several key trends and developments that are shaping the sector.
Firstly, the demand for clean energy is outpacing supply, leading to a race to fill this growing gap. According to Deloitte's 2025 Renewable Energy Industry Outlook, the momentum for clean energy is expected to continue, driven by low costs, modularity, and technological advancements[3]. Utility-scale solar and wind capacity additions have been the largest across all primary generation sources, accounting for nearly 90% of all new builds and expansions in the first nine months of 2024[3].
However, despite this growth, the supply of clean energy is not yet sufficient to displace existing fossil fuel demand and reverse growth in energy-related carbon emissions. S&P Global Commodity Insights projects that primary energy demand will increase by more than eight million barrels of oil equivalent per day (boe/d) in 2025, with clean energy supply growing at a record pace but still not fast enough to curtail fossil fuel demand[1].
China is expected to dominate renewable installations, with AFRY predicting that Chinese renewable installations will remain well above 250GW in 2025, reaching the renewable target of 1,200GW five years ahead of schedule[5]. The International Energy Agency (IEA) forecasts that by 2025, more than a third of the world's electricity will come from renewables, with Asia accounting for half of the world's electricity consumption and one-third of global electricity being consumed in China[5].
Regulatory changes and policy support are also playing a crucial role in shaping the clean energy landscape. The Inflation Reduction Act (IRA) in the US has accelerated innovation in renewable technologies, and state and local policy drivers are expected to become more significant under a new administration[3]. The European Union has implemented a 2% sustainable aviation fuel mandate from 2025 onwards, stimulating demand for low-carbon fuels[2].
In response to current challenges, industry leaders are diversifying into renewable energy, investing in new technologies, and forming cross-sector partnerships. For example, SLB is developing an integrated direct lithium-extraction solution, and Baker Hughes is targeting approximately $6 billion to $7 billion in new orders by 2030 through its investments in clean hydrogen production[2].
Consumer behavior is also shifting, with data center owners leading the corporate shift toward renewable energy. Deloitte estimates that data centers will drive approximately 44 GW of additional demand by 2030, with tech companies committing to sourcing all of their power from clean energy[3].
In conclusion, the clean energy industry is at a critical juncture, with rapid growth, significant challenges, and evolving market dynamics. Industry leaders are responding to these challenges through innovation, diversification, and partnerships, while regulatory changes and policy support are driving the transition to a cleaner energy future. -
The clean energy industry is at a pivotal moment, with recent market movements, deals, and partnerships shaping its trajectory. According to S&P Global Commodity Insights, primary energy demand is projected to increase by over eight million barrels of oil equivalent per day (boe/d) in 2025, with clean energy supply growing but not fast enough to curtail fossil fuel demand growth[1].
In the United States, the Biden administration has made significant strides in promoting clean energy. Just days before the transition to a new administration, the U.S. General Services Administration awarded a $1 billion contract to Constellation Energy for a historic nuclear power supply to 13 federal agencies, aiming to transition from 40% to 70% clean energy by 2027 and 100% by 2030[2].
The renewable energy sector saw record-breaking deployments in 2023, with solar and energy storage installations escalating and electric vehicle sales surging. However, challenges persist, including rising interest rates, project costs, and supply chain issues[3].
Deloitte's 2025 Renewable Energy Industry Outlook highlights the race to fill the resource gap as demand for clean energy outpaces supply. Utility-scale solar and wind capacity additions dominated new builds and expansions in 2024, with solar expected to rise by a record-breaking 38.4 GW to 128.2 GW and battery storage to rise by 14.9 GW to 30.9 GW[4].
Key trends to watch in 2025 include the strategic role of cleantech manufacturing, AI, and carbon industries in advancing economic competitiveness, national security, and resilience. Data center owners are leading the corporate shift toward renewable energy, with solar and wind capacity contracted to US data centers growing to nearly 34 GW through 2024[4].
In response to current challenges, industry leaders are focusing on advanced nuclear technologies, green hydrogen, long-duration energy storage, and advanced solar cell technology. Utilities are introducing new clean transition tariffs for commercial and industrial customers to finance deployment without impacting residential rates[4].
Recent deals and partnerships include the $1.45 billion loan to a solar manufacturer and the $1 billion contract for nuclear power supply. These developments underscore the industry's commitment to meeting rising power demand with clean energy solutions.
Compared to the previous reporting period, the clean energy industry is seeing increased momentum, driven by legislative wins and investments. However, significant obstacles remain, and the industry must continue to innovate and adapt to meet the growing demand for clean energy.
In conclusion, the clean energy industry is at a critical juncture, with recent market movements and deals shaping its future. Industry leaders are responding to challenges with innovative solutions, and the sector is poised for continued growth in 2025. -
The clean energy industry is at a critical juncture, marked by rapid growth, emerging challenges, and shifting market dynamics. Recent market movements indicate a surge in renewable energy installations, with utility-scale solar and wind capacity additions accounting for nearly 90% of all new builds and expansions in the first nine months of 2024[3].
Key statistics highlight the industry's momentum: the US Energy Information Administration expects wind capacity to rise to 153.8 GW by the end of 2024, up by 6.5 GW from a year earlier, while solar capacity is projected to increase by a record-breaking 38.4 GW to 128.2 GW[3]. Moreover, the International Energy Agency predicts that by 2025, more than a third of the world's electricity will come from renewables[5].
However, the industry faces significant challenges. Demand for clean energy is outpacing supply, leading to a "renewables race" to fill the resource gap[3][5]. The growth in electricity demand, driven by data centers, artificial intelligence, and electric vehicles, is creating serious concerns about the ability to keep up with clean energy generation[2][3].
Recent deals and partnerships underscore the industry's efforts to address these challenges. For instance, Deloitte notes that data center owners are leading the corporate shift toward renewable energy, with solar and wind capacity contracted to US data centers growing to nearly 34 GW through 2024[3]. Additionally, novel industry partnerships are forming to accelerate the commercialization of advanced renewable technologies, such as 24/7 clean power solutions[3].
Regulatory changes also play a crucial role in shaping the industry's trajectory. The Inflation Reduction Act has stimulated an unprecedented slate of planned domestic clean energy manufacturing facilities, reversing the trend of declining investments[2]. However, changes in the new administration and the 119th Congress may impact the pace of renewable deployment[3].
In terms of supply chain developments, the industry is witnessing a significant increase in domestic renewable supply chain development, AI-accelerated operational efficiencies, and carbon attribute monetization[3][5]. However, rising project costs, supply chain challenges, and higher prices for power purchase agreements are affecting deal flow for renewables[2].
Consumer behavior is also shifting, with growing demand for clean energy driving the adoption of electric vehicles and renewable energy solutions. However, the growth rate of electric vehicle sales has slowed, from above 30% year over year in 2023 to less than 13% year over year in the first half of 2024[4].
Industry leaders are responding to these challenges by investing in advanced technologies, such as green hydrogen, long-duration energy storage, and advanced solar cell technology[3]. Moreover, companies are diversifying into renewable energy, such as solar and wind power, to reduce fiscal breakeven burdens and support the growth in global energy demand[4].
In comparison to the previous reporting period, the clean energy industry has made significant strides in terms of renewable energy installations and investments. However, the industry faces emerging challenges, such as the need to fill the resource gap and address supply chain constraints. As the industry continues to evolve, it is essential to monitor these trends and developments to ensure a sustainable and resilient clean energy future. - Laat meer zien
