Renewable Energy

Renewable Energy covers the development, ownership, and services side of the energy transition — solar and wind project development and generation, energy storage, and the emerging frontier of hydrogen, carbon capture (CCUS), renewable natural gas, geothermal, biofuels, and carbon markets. It is among the fastest-growing and most heavily-invested areas of the economy, propelled by the Inflation Reduction Act (the largest climate investment in U.S. history), corporate clean-power demand, and decarbonization.

Renewable generation is now the cost-competitive, fastest-growing source of new electricity capacity, while the transition frontier (hydrogen, CCUS, RNG) is pre-scale but rapidly funded by IRA tax credits and private capital. The sector attracts enormous infrastructure, private-equity, and venture investment. Renewable power generation is sized under Power Generation and renewable equipment under Clean Energy Equipment Manufacturing; this sector emphasizes development, services, and emerging transition industries.