Feb 27 2025 2 mins
In the past 48 hours, the Clean Energy industry has seen significant developments. Nature's Generator announced its participation in the upcoming InterSolar & Energy Storage North America event from February 25-27, 2025, where they will showcase innovative renewable energy solutions. This event highlights the industry's focus on advancing clean energy technologies and fostering connections among professionals.
Recent market analysis from Deloitte's 2025 Renewable Energy Industry Outlook reveals that renewable energy capacity additions, particularly in utility-scale solar and wind, accounted for nearly 90% of all new builds and expansions in the first nine months of 2024. This marks a substantial increase from 57% in the same period of 2023, indicating strong growth in the sector.
The U.S. Energy Information Administration projects wind capacity to reach 153.8 GW by the end of 2024, a 6.5 GW increase from the previous year. Solar capacity is expected to rise by a record-breaking 38.4 GW to 128.2 GW, while battery storage is anticipated to grow by 14.9 GW to 30.9 GW.
In terms of regulatory changes, the Internal Revenue Service recently published final regulations for the renewable energy investment tax credit, implementing amendments made by the Inflation Reduction Act of 2022. These regulations provide clarity on various aspects of the tax credit, including eligibility for offshore wind farm owners and the definition of "energy project."
The American Clean Power Association released a report estimating that the Inflation Reduction Act will deliver a return four times greater than taxpayer investment, contributing approximately $740 billion in tax credits and resulting in $3.8 trillion in spending.
The Clean Coalition announced its support for the 2025 Intersolar and Energy Storage North America Conference, offering discounts to attendees and highlighting the event's focus on solar, energy storage, and EV charging infrastructure.
These developments demonstrate the Clean Energy industry's continued growth and innovation, driven by supportive policies, technological advancements, and increasing demand for sustainable energy solutions.
Recent market analysis from Deloitte's 2025 Renewable Energy Industry Outlook reveals that renewable energy capacity additions, particularly in utility-scale solar and wind, accounted for nearly 90% of all new builds and expansions in the first nine months of 2024. This marks a substantial increase from 57% in the same period of 2023, indicating strong growth in the sector.
The U.S. Energy Information Administration projects wind capacity to reach 153.8 GW by the end of 2024, a 6.5 GW increase from the previous year. Solar capacity is expected to rise by a record-breaking 38.4 GW to 128.2 GW, while battery storage is anticipated to grow by 14.9 GW to 30.9 GW.
In terms of regulatory changes, the Internal Revenue Service recently published final regulations for the renewable energy investment tax credit, implementing amendments made by the Inflation Reduction Act of 2022. These regulations provide clarity on various aspects of the tax credit, including eligibility for offshore wind farm owners and the definition of "energy project."
The American Clean Power Association released a report estimating that the Inflation Reduction Act will deliver a return four times greater than taxpayer investment, contributing approximately $740 billion in tax credits and resulting in $3.8 trillion in spending.
The Clean Coalition announced its support for the 2025 Intersolar and Energy Storage North America Conference, offering discounts to attendees and highlighting the event's focus on solar, energy storage, and EV charging infrastructure.
These developments demonstrate the Clean Energy industry's continued growth and innovation, driven by supportive policies, technological advancements, and increasing demand for sustainable energy solutions.