NEW REPORT: Record Year for U.S. Clean Power Installations in 2023


• Photo voltaic, storage drive historic set up ranges • Vitality storage rising star, closing in on new pure fuel installations • Clear power pipeline hits all-time excessive, indicators robust future

WASHINGTON, DC, March 7, 2024 – The American Clear Energy Affiliation (ACP) launched its Clear Energy Annual Market Report as we speak, highlighting a landmark 12 months for clear power within the US with extra put in capability in 2023 than in any earlier 12 months. The trade added a complete of 33.8 gigawatts (GW) of recent utility-scale clear power tasks, surpassing by 12.5% ​​the earlier annual set up report set for 2021. The photo voltaic and storage additions is main the cost, breaking earlier data for each applied sciences. Clear energy accounts for many of the new electrical energy capability put in.

The US at the moment has 262 GW of unpolluted power powering its grid, which is sufficient electrical energy to energy the equal of 69 million American properties. Because of this, the nation now produces 16% of its electrical energy from wind and photo voltaic. Clear power could be present in 93% of congressional districts and all 50 states. Future progress seems promising, with the report discovering venture pipelines reaching historic ranges.

“Clear power is prime to the American financial system, accounting for greater than 75% of all new energy introduced on-line final 12 months. We’re creating clear power in each state and practically each congressional district,” stated ACP CEO Jason Grumet. “It is a banner 12 months for storage and photo voltaic, and there’s actual pleasure with the 123 newly introduced manufacturing amenities that may convey financial growth to communities throughout the nation. shared power safety and net-zero objectives. ACP will proceed to advocate for enhancements in siting, allowing, and planning processes to speed up the deployment of unpolluted power.”

Key highlights from the Clear Energy Annual Market Report | 2023:
• Photo voltaic, wind, and storage account for 77% of all new electrical energy capability put in.
• Utility-scale photo voltaic installations elevated to 19.6 GW, with utility-scale tasks main the enlargement.
• Vitality storage capability practically doubled as builders linked 7.9 GW to the grid.
• Funding in home clear power manufacturing has elevated considerably, inspired by federal tax incentives.
• The event pipeline has elevated by 25% year-over-year to 170 GW, indicating robust future clear energy progress.
• Clear power could be present in 93% of congressional districts and all 50 states.

Utility-scale photo voltaic power—bolstered by favorable federal insurance policies and price reductions—skilled an distinctive 12 months with practically 20 GW put in in 44 states. Texas and California led the nation in photo voltaic additions, bringing 5.9 GW and a couple of.3 GW of recent photo voltaic on-line, respectively. Greater than half of the 94 GW of photo voltaic in operation by the tip of 2023 got here on-line between 2020 and 2023. And extra is on the way in which, with greater than 92 GW within the pipeline.

Battery storage has proven near-exponential progress by practically doubling the put in capability with practically 8 GW put in. This brings the overall operational capability to 17 GW. California and Texas accounted for practically three-quarters of the 12 months’s storage additions, however a complete of fifteen states added new storage capability in 2023 (AZ, CA, CO, HI, MA , MN, NC, NJ, NM, NV, NY, OH , TX, VA, VT). The speedy progress of storage is supported by a brand new tax credit score for standalone storage, the event of solar energy, the quantity of storage supplied throughout peak demand and grid stress instances, and a discount in costs for key battery supplies.

The land-based and offshore wind sector faces challenges in 2023, delivering 6.4 GW of wind energy capability—the slowest 12 months for brand spanking new wind installations in a decade. This slowdown is essentially attributable to coverage uncertainty, excessive capital prices, lengthy allowing processes, seating limitations, and a difficult surroundings for constructing new transmissions.

Company patrons play a key function in driving clear power demand by buying clear energy for his or her operations. The highest three business and industrial (C&I) patrons in 2023 are Amazon, Meta, and Google. Meta leads as the highest purchaser of unpolluted energy performance, whereas Amazon leads with probably the most clear energy capability contracted.

The clear electrical energy trade stays optimistic for the longer term, particularly as builders start constructing 41 GW of recent tasks within the last months of 2023. This brings the clear electrical energy pipeline to a report. which is 170 GW. Nevertheless, the record-setting tempo of annual installations nonetheless lags behind what is required for the nation to attain a net-zero emissions financial system by 2050.
A public model of the 2023 report is obtainable, with the complete 124-page doc detailing market traits in 2023 out there solely to ACP membership.

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About ACP: The American Clear Energy Affiliation (ACP) is the main voice of as we speak’s multi-tech clear power trade, representing greater than 800 power storage, wind, utility-scale photo voltaic, inexperienced hydrogen and transmission firms. ACP is dedicated to assembly America’s nationwide safety, financial and local weather objectives with fast-growing, low-cost, and dependable home energy.

Comply with ACP on LinkedIn, Instagram, Fb, and Twitter, and study extra at cleanpower.org.



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