In 2025, the clean power sector investedÌý$79 billionÌýin new projects, supported more than 1.4 million jobs, and accounted for over 90% of all new electricity capacity added to the grid.ÌýÌý

View and interact with data from the 2025 report.

• ACP Member? ÌýDownload the full report and datasets here.

In 2025, the clean power sector investedÌý$79 billionÌýin new projects, supported more than 1.4 million jobs, and accounted for over 90% of all new electricity capacity added to the grid.ÌýÌý

View and interact with data from the 2025 report.

The full ACP Annual Clean Power Market report is available toÌýACP members.ÌýNot a member?ÌýDownload a summary report.Ìý

Report Highlights:ÌýÌý

• Over 90% of New Power:ÌýUtility-scale solar, wind, and energy storage accounted for 91% of all new power capacity connected to the U.S. grid, delivering over 50 gigawatts of new supply – enough to powerÌýroughly 7Ìýmillion homes.ÌýÌýÌýÌý
• $150 Billion Economic Driver:ÌýThe U.S. clean power industry contributed overÌý$150 billionÌýto the U.S. economy in 2025.Ìý
• Powering Rural America:ÌýCleanÌýpower’sÌý363 GW of operational projects generates approximatelyÌý$3 billionÌýannually in state and local tax revenue andÌý$3.2 billionÌýin land lease payments that provide reliable income to landowners.Ìý
• 1.4ÌýMillionÌýJobs Supported:ÌýIn 2025, the clean power industry directly employed more than 437,000 Americans – and broader economic activity around the clean energy sector means the industry supports more than 1.4 million jobs nationwide.Ìý
• Above-Average Wages:ÌýAmericans directly employed by the industry earned over $78,000 on average in 2025, 15% higher than the national average.ÌýÌý
• Non-Partisan Investment:ÌýClean power projects can be found in all 50 states and 89% of congressional districts. Notably, 79% of installed clean power capacity is in districts represented by Republicans.Ìý

Access the Report

• ACP Members: Click “Download” above to access the complete report, underlying datasets, and all appendices.
• Free Summary: Download the free summary versionÌýof the report with key findings and highlights.
• Press Release: Read the press release for additional context.
• View More Data: Visit our interactive webpage.
• PowerCast: ACP Members can join report authors for a live PowerCast on Thursday, May 15 to dive deeper into the report.

ACP partnered with leading developers, legal experts, and market innovators to explore the state of play and introduce a new standardized ITC transfer agreement form.Ìý

The new Tax Credit Transfer Agreement (TCTA) form is designed to standardize the legal documentation for these transactions, aiming to lower barriers to entry, reduce transaction costs, and shorten deal timelines, especially for first-time buyers and smaller sellers.

Key details about the TCTA form and the transferability market:

• The market for buying and selling clean-energy tax credits is growing fast: Tax credit transfers have scaled dramatically — from under $10 billion in 2023 to an estimated $40 billion in 2025 across various technologies like solar, wind, manufacturing, storage, and nuclear.
• ACP and industry partners have introduced the new Tax Credit Transfer Agreement (TCTA) to make deals more accessible to a broader range of market participants:Ìý Tax credit buyers and sellers will have a common starting place to transact transfer deals. ACP’s goal in creating the form with its industry partners is to make the form broadly available and widely used similar to the ubiquitous ISDA framework for derivative transactions.
• This is just the first step — more standardized tools are coming:ÌýExperts expect similar templates for other credits like 45Y production tax credits and 45X manufacturing incentives further expanding the pool of potential tax equity investors. As these tools roll out, buying and selling credits should become easier, helping clean energy scale more quickly.ÌýÌý

A consistent, tested, and accepted template provides the confidence and guidance these new participants need to transact.

Learn more about Transferable Tax Credits:

• Read the blog for more information: Tax Credit Transferability Takes Center Stage: Panel of Industry Leaders Spotlight Standardization, Market Maturity, and What Comes Next
• Watch industry experts discuss the topic in the Tax Credit Transfer Agreement PowerCast

This presentation will provide a deep dive into findings from ACP’s Clean Power Annual Market Report | 2025, highlighting the factors that set 2025 apart from previous years and what they signal for the future of the industry.

Delivered quarterly, the US Energy Storage Monitor from the Â鶹´«Ã½ Association (ACP) and Wood Mackenzie Power & Renewables provides the clean power industry with exclusive insights through comprehensive research on energy storage markets, deployments, policies, regulations and financing in the United States.

The U.S. energy storage market hit a record 18.9 gigawatts of battery energy storage system installations in 2025, a 52% increase over 2024, according to the latest U.S. Energy Storage Monitor report released today by the Â鶹´«Ã½ Association (ACP) and Wood Mackenzie.

In a year of record growth, Q4 of 2025 closed with the strongest quarterly totals on record with 5.8 GW installed. Utility scale installations accounted for 4.9 GW of the Q4 total, a 31% increase over the previous year. New activity was spread across 13 different states, demonstrating market diversification outside of California and Texas, which have historically dominated utility-scale battery energy storage deployment.

Report Highlights

More Resources

• :ÌýThe executive summary is complementary to ACP members and the public.ÌýÌý
• PowerCast: ACP members can watch theÌýPowerCastÌýled by the report authors to dive deeper into the findings.
• Other 2025 reports:Ìý
  • Clean Power Quarterly Market Report Q4 2025Ìý

Pricing List

Get the data needed to support your business by purchasing the report.

ACP Members get discounted access to the full report using a code found in an email on June 25 or March 19 from membership@cleanpower.org. For access to the ACP member coupon code, please email this address.

Not an ACP member? Join now.Ìý

To redeem the yearly subscription, please contact Wood Mackenzie.Ìý

About the U.S. Energy Storage MonitorÌý

The US Energy Storage Monitor is offered quarterly in two versions – the executive summary and the full report.

• The is complimentary to member companies and provides a bird’s eye view of the U.S. energy storage market and the trends shaping it.
• In contrast, the features state-by-state breakdowns and analysis on storage deployments, growth forecasts, policies helping or hindering growth, financing trends, and market strategies. It is available individually each quarter or as part of an annual subscription.Ìý

About Wood Mackenzie Power & RenewablesÌý

Wood Mackenzie, a Verisk Analytics business, is a trusted source of commercial intelligence for the world’s natural resources sector. We empower clients to make better strategic decisions, providing objective analysis and advice on assets, companies and markets. For more information, visit:  or follow on Twitter .Ìý

This page was last updated March 24, 2026

Developers brought 18.6 gigawatts (GW) of new utility-scale solar, wind, and energy storage online in Q4 alone — pushing the 2025 annual total to more than 50 GW. That’s enough electricity to power more than 6.9 million homes.

These three technologies accounted for 90.5% of all new power capacity in 2025 and over 80% of capacity additions over the previous five years, according to ACP and the U.S. Energy Information Administration. These numbers were expected given the strong policy tailwinds of 2024, but future growth remains uncertain as federal policy chaos leads to investor hesitation.

Key Highlights

• Strongest Clean Power Year on Record: Total clean power capacity installed in 2025 reached 50,344 MW — a 3% increase over 2024 and the first-time annual deployment has surpassed 50 GW.
• Storage Surges: Energy storage installations were 41% higher than 2024 — the previous record year. The storage development pipeline continues to expand, growing 2% year-over-year.
• Medium-term Pipeline Outlook Increasingly Uncertain: The near-term pipeline rose to 187,514 MW. However, growth is slowing with only two GW added during the fourth quarter. A 27% year-over-year drop in PPA announcements is an early warning sign.
• Offshore Wind Under Pressure: No new offshore wind capacity came online in Q4, and the pipeline contracted following project cancellations, including Invenergy’s petition to terminate its OREC agreement for Leading Light Wind.
• Value Proposition for States: Nineteen states grew their clean power capacity by more than 20% in 2025, with Kentucky increasing its capacity by 188% to reach the Top 10 for 2025 solar installations. Increased adoption is set to continue: 35 states have more than 1 GW of clean power in the pipeline.

Read the press release:ÌýREPORT: Clean Power Adds Record 50 GW in 2025 As Surging Electricity Demand Accelerates

TheÌýcomplete Q4 reportÌýis also available to ACP Members.

Developers brought 18.6 gigawatts (GW) of new utility-scale solar, wind, and energy storage online in Q4 alone — pushing the 2025 annual total to more than 50 GW. That’s enough electricity to power more than 6.9 million homes.

These three technologies accounted for 90.5% of all new power capacity in 2025 and over 80% of capacity additions over the previous five years, according to ACP and the U.S. Energy Information Administration. These numbers were expected given the strong policy tailwinds of 2024, but future growth remains uncertain as federal policy chaos leads to investor hesitation.

Key Highlights

• Strongest Clean Power Year on Record: Total clean power capacity installed in 2025 reached 50,344 MW — a 3% increase over 2024 and the first-time annual deployment has surpassed 50 GW.
• Storage Surges: Energy storage installations were 41% higher than 2024 — the previous record year. The storage development pipeline continues to expand, growing 2% year-over-year, signaling sustained long-term demand.
• Medium-term Pipeline Outlook Increasingly Uncertain: The near-term pipeline rose to 187,514 MW. However, growth is slowing with only two GW added during the fourth quarter. A 27% year-over-year drop in PPA announcements is an early warning sign for lower clean power deployments in 2028-2030.
• Offshore Wind Under Pressure: No new offshore wind capacity came online in Q4, and the pipeline contracted following project cancellations, including Invenergy’s petition to terminate its OREC agreement for Leading Light Wind. Continued federal and regulatory interference is creating additional headwinds for the sector.
• Value Proposition for States: Clean power is delivering low-cost power, jobs, and a boost to local economies across the U.S. — with projects operational in all 50 states. Nineteen states grew their clean power capacity by more than 20% in 2025, with Kentucky increasing its capacity by 188% to reach the Top 10 for 2025 solar installations. Increased adoption is set to continue: 35 states have more than 1 GW of clean power in the pipeline.

Read the Report & More

Download the complete Q4 2025 Clean Power Quarterly Report for detailed state-by-state analysis, technology deep-dives, and comprehensive market data.

• ACP members:ÌýDownload the report and appendices at the buttons above.
• Summary version available to all: ÌýDownload a free summary
• Read the press release: REPORT: Clean Power Adds Record 50 GW in 2025 As Surging Electricity Demand Accelerates

These quarterly programs keep members informed and engaged with ACP’s advocacy and work on behalf of our members and the clean power industry.

There is a growing mismatch between demand growth and new conventional generation that presents an immediate challenge to grid reliability and affordability across the PJM region. To evaluate system-wide impacts, ACP modeled PJM under two scenarios: aÌýbase case, where all generation resources are available, and a no clean power case, where noÌýnewÌýwind, solar, or storage projects are added beyond those already under construction or required by law.Ìý

Key Data Points:ÌýÌý

• Without new clean energy development, ACP estimates that ratepayers across nine PJM states would pay anÌýadditionalÌý$360 billionÌýover the next ten years, driven primarily by higher wholesale electricity prices.ÌýÌý
• The average residential household would seeÌý$3,000 to $8,500ÌýinÌýadditionalÌýelectricity costs over theÌýnextÌýdecade.ÌýÌýÌý
• In the “no new clean power” case, PJM becomes increasingly reliant on aging, higher-cost fossil fuel generation and imported electricity. Net power imports rise nearly 300% by 2035, increasing exposure to fuel price volatility and operating hours with extremely high electricity prices.Ìý

State Reports:

Download The Cost of No New Clean Power fact sheet for specific states from the list below.

• Delaware
• Illinois
• Maryland
• New Jersey
• Ohio
• Pennsylvania
• Virginia
• Washington, D.C.
• West Virginia

Resource added March 23, 2026