Green hydrogen, produced using renewable electricity, is critical to decarbonizing the U.S. economy. The Department of Energy estimates low-carbon hydrogen can eliminate 10 percent of economy-wide emissions by 2050. While Treasury’s 45V tax credits are intended to catalyze the still-nascent low-carbon hydrogen industry in the U.S., this study finds the Administration’s proposed guidelines will stifle green hydrogen deployment by making it too expensive.

Wood Mackenzie’s analysis finds that ACP’s framework – reflected in our comments to Treasury –  leads to significantly more green hydrogen deployment by 2032 and puts the industry closer to the pathway required to achieve a net-zero emissions economy. Wood Mackenzie also concluded that the annual matching regime for first movers in ACP’s proposal would not lead to additional emissions. In fact, the Treasury proposal is expected to result in higher hydrogen emissions impacts due to the greater adoption of blue hydrogen that results from the lack of green hydrogen deployment.

Read more in the press release, or download the report.

The report highlights the moments that made up ACP’s momentous 2023 and provides a comprehensive overview of progress across our advocacy, policy, research, communications, and conferences.

The new US Energy Storage Monitor | Q4 2023 was released on Wednesday, December 13. Wood Mackenzie and ACP produce quarterly executive summaries that are complementary to our members.

The US Energy Storage Monitor full report is available to ACP members at an exclusive discount. 

About the US Energy Storage Monitor:  

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

The executive summary 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 full report 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. 

Pricing List

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

ACP Members get discounted access to the Energy Storage Monitor using a code found in an email on December 13 from membership@cleanpower.org. For access to the ACP member coupon code, please email this address.

Not an ACP member? Join now. 

To redeem the yearly subscription, please contact Wood Mackenzie. 

The Source of Energy Storage Information and Data for Hundreds of Media Outlets 

The quarterly reports from ACP and Wood Mackenzie are routinely cited by hundreds of media outlets as the authoritative source of energy storage industry data. International, national, local, and trade press outlets rely on the data to develop a better picture of where the industry is heading and how energy storage is being integrated into state resource planning and competitive markets.

About Wood Mackenzie Power & Renewables 

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: www.woodmac.com or follow on Twitter @WoodMackenzie. 

This page was last updated December 13, 2023.

The state’s utility-scale clean energy capacity, currently at over 13,000 MW, generates nearly $135 million annually in tax and land lease revenue for Iowa’s communities. The wind, solar and storage sectors currently employ 5,469 Iowans.

By 2030, the state is expected to add an additional 3,500 MW of utility-scale solar, 5,000 MW of wind power, and 1,000 MW of battery storage, representing a 72% increase in total clean power capacity. These projects represent $13 billion in expected private sector investment that will support Iowa’s clean energy economy by 2030. This investment will drive job creation, increase tax payments, and generate substantial land lease payments.

The American Clean Power Association (ACP) released its Clean Power Quarterly Market Report | Q3 2023, showing that the industry brought online 5,551 megawatts (MW) of utility-scale clean power capacity in the third quarter of 2023, enough to power 813,000 American homes. Third quarter installations increased by 13% over the same period in 2022 and set a record for the strongest third quarter on record. Across the country, clean energy developers began commercial operations at 88 projects across 24 states.  

 Key Highlights | Q3 2023 

• Installations: Developers began commercial operations at 88 projects across 24 states in Q3. The industry installed 5,551 MW of utility-scale clean energy in Q3, representing enough power for 813,000 American homes. 
• Pipeline: Solar continues to dominate the project pipeline, accounting for 58% of clean power capacity currently under development. Battery storage and land-based wind each represented 15% of the pipeline, with offshore wind making up 12%. 
• Sector Snapshot: Overall, solar led the quarter with 3,121 MW of installations, with battery and land-based wind following at 2,142 MW and 288 MW, respectively. 
• Delays: Since the end of 2021, over 56 GW of clean power capacity has been delayed. This includes 16,639 MW of projects that were expected to come online during the first three quarters of 2023.
  • Accounting for 67% of all delays, solar projects appear to be most impacted.  
  • On average, projects are delayed by 14 months. 

• Power Purchase Agreements: Through Q3 of 2023, solar comprised 59% of all PPA announcements while land-based wind represented 32%. 
• Compared to Q3 of 2022, solar PPA announcements for this quarter decreased by 59%, wind by 21%, and battery storage by 55%. 
• Progress to Date: Across the U.S., cumulative operating clean power capacity now stands at over 243 GW, accounting for 16% of total electricity generation.  
  • California, a leader in clean energy, accounted for 1,900 MW (34% of clean power commissioned in Q3), while Texas and Arizona took the second and third spots, with 949 MW and 516 MW respectively.  
  • Cumulatively in 2023, California leads the nation with 3,031 MW installed, followed by Texas, which added 2,381 MW to the grid and Florida, which added 1,578 MW. 

Read the Report

• Full Report: The 63-page report is available to ACP Members only at the link above.
• Public Report: The free public version of the report, which provides a summary of key takeaways and graphics from the full report, is available for download below.
• Appendices: Interested in the data behind the report? Members can download the appendices here and check out the underlying data in spreadsheet form here.
• Press Release: Read our press release for more.

The US Wind Watch | H1 2023 full report is available to ACP members at an exclusive discount. Wood Mackenzie and ACP produce an executive summary that is complementary to our members.

About the US Wind Watch Report  

The US Wind Watch, a new report released by the American Clean Power Association (ACP) and Wood Mackenzie is forecasting over 90GW of wind energy will be installed within the US by the end of 2028, including offshore wind projects, onshore wind development and repowering of aging wind farms.

The groundbreaking report leverages the industry-leading market insights from Wood Mackenzie, combined with the deep industry network of the American Clean Power Association.

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

ACP Members get discounted access to the US Wind Watch Report using a code found in an email on October 5 from membership@cleanpower.org. For access to the ACP member coupon code, please email this address.

Not an ACP member? Join now. 

To redeem the yearly subscription, please contact Wood Mackenzie. 

The Source of Wind Energy Information and Data for Hundreds of Media Outlets 

The quarterly reports from ACP and Wood Mackenzie are routinely cited by hundreds of media outlets as the authoritative source of wind energy industry data. International, national, local, and trade press outlets rely on the data to develop a better picture of where the industry is heading and how wind energy is being integrated into state resource planning and competitive markets.

About Wood Mackenzie Power & Renewables 

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: www.woodmac.com or follow on Twitter @WoodMackenzie. 

This page was last updated October 5, 2023.

Clean energy in the state has grown by way of nearly $14 billion of capital investment into not only utility-scale solar, storage, and wind projects, but also into a robust manufacturing sector. Colorado’s 12 operating clean energy manufacturing facilities have created jobs throughout the state, helping increase the number of Coloradans working in the utility-scale sector to more than 15,750. These utility-scale clean energy jobs span from development and operations to manufacturing and construction roles. 

Report Highlights:

• Nearly 1/3 of Colorado’s electricity is provided by wind and solar
• More than 15,000 Colorado residents work in the clean energy industry
• $14 billion total investment into utility-scale clean energy
• $48 million in annual contributions to Colorado’s economy

By 2030, ACP projects the Tar Heel state will add an additional 8,000 MW of solar, 1,400 MW of wind power, and 2,500 MW of battery storage, representing a near doubling of total clean power investment. This growth will drive job creation, increase tax payments, and generate substantial land lease payments.

Report Highlights:

• Nearly 10% of North Carolina’s electricity is provided by wind and solar
• North Carolina ranks #4 in the nation for solar deployed
• Nearly 10,000 North Carolina residents work in solar, wind, and storage
• $15 billion total investment into utility-scale clean energy