The Clean Power Quarterly Market Report | Q1 2024 finds the industry also reached significant milestones in the first quarter: utility-scale solar surpassed 100 gigawatts (GW) of installed capacity, and the first offshore wind project in federal waters began supplying 132 MW of clean, reliable power to the grid.

Read the Report

• Full Report: The 55-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 using the button above.
• Press Release:ÌýRead ourÌýpress releaseÌýfor more.

​​In total, this report reflects information collected from more than $3.5 billion in 2023 transferable tax credit transactions. We estimate the dataset covers between one third and one half of the market for transferable credits in 2023 on the basis that total deal value will likely reach $7-9 billion.

The US Wind Energy Monitor from the 91¸£Àû´óÈ« Association (ACP) and Wood Mackenzie Power & Renewables provides the clean power industry with comprehensive research on domestic land-based and offshore wind energy markets, deployments, policies, regulations and financing in the United States. These in-depth reports provide energy industry professionals, policymakers, government agencies and financiers with consistent, actionable insight into the U.S. wind energy markets.

The US Wind Energy Monitor | 2023 Year-in-Review full report is available to ACP members at an exclusive discount.Ìý

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

ACP Members get discounted access to the US Wind Energy Monitor using a code found in an email on April 2 from membership@cleanpower.org. For access to the ACP member coupon code, please email this address.

Not an ACP member? Join now.

The US Wind Energy Monitor | 2023 Year in Review Report was released on Tuesday, April 2, 2024.

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

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 & 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

The new US Energy Storage Monitor | 2023 Year-in-Review was released on Wednesday, March 20. 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.Ìý

About the US Energy Storage Monitor: Ìý

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

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 March 20 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

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

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 & 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 20, 2024.

Visit the interactive website for data highlights from the report.

The clean power industry added a total of 33.8 gigawatts (GW) of new utility-scale clean energy projects in 2023, surpassing by 12.5% the previous annual installation record set in 2021. Solar and storage additions led the charge, shattering previous records for both technologies. Clean power accounted for most of the new power capacity installed.

The U.S. now has 262 GW of clean energy powering its grid, which is enough electricity to power the equivalent of 69 million American homes. As a result, the nation now generates 16% of its electricity from wind and solar.

The clean power industry remains optimistic for the future, especially as developers started construction on 41 GW of new projects in the final months of 2023. This brings the clean power pipeline to a record 170 GW. Nonetheless, the record-setting pace of annual installations still lags behind what is needed for the country to achieve a net-zero emissions economy by 2050.

ACP’s Clean Power Annual Market Report 2023 is 120+ pages of key industry statistics, trends, and rankings from 2023.

Read the Report

• Full Report: The full 120+ page report and its appendices are available to ACP members using the download button above.
• Public Report: The free public version of the report, providing a summary of key takeaways and graphics from the full report, is available for download below.
• Data Takeaways: Visit our interactive website to dive deeper into the 2023 data.
• Press Release: Read our press release for more.

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 –Ìý 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.