BloombergNEF (BNEF)
The policy changes and financial signals of the One Big Beautiful Bill Act will slow the addition of solar, storage and wind capacity, but only for a few years, BloombergNEF predicts.
Construction of new wind, solar and energy storage facilities will decrease significantly over the next five years, a BloombergNEF analyst said in an presentation to the California Energy Commission.
Clean hydrogen is losing momentum in the U.S. due to higher costs, new tariffs and policy uncertainty.
California's grid is expected to meet peak demand this summer, with officials pointing to the massive growth in solar and storage resources as key.
As some data center operators plan to power their facilities with onsite generation, one researcher a California Energy Commission workshop suggested it might be better to get electricity from the grid instead.
While it was the first time BNEF calculated global energy transition investments at greater than $2 trillion in its annual report, the 11% year-over-year growth was less than in the preceding three years.
President-elect Trump said he would halt offshore wind power development, but how big of an impact he will have on the industry remains to be seen.
Sales of electric vehicles in the U.S. are showing some signs of recovery, while the market for hydrogen fuel cell vehicles has practically collapsed.
About 20% of all vehicles sold worldwide this year will have a plug ― either battery electric or plug-in hybrid ― with sales predicted to rise to one-third by 2027.
A series of presentations and panels at the BloombergNEF Summit provided a measure of the industry’s success in crafting a narrative based on a “balanced” and well-paced transition that includes cutting egregious emissions and scaling carbon capture and storage technologies.
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