Clean Power Annual Market Report | 2024

ACP’s flagship market report reveals how utility-scale clean energy is powering economic growth, creating jobs, and meeting the nation’s surging electricity demand through record investment, deployment, and new manufacturing facilities.

In 2024, America’s clean power industry invested nearly $80 billion in energy infrastructure and manufacturing. Developers installed 49 gigawatts of new domestic capacity—33% more than the previous record set in 2023. For the first time ever, utility-scale wind and solar generation exceeded coal output, providing nearly 16% of U.S. electricity.

With Fortune 500 companies accelerating clean energy procurement and 45 new manufacturing facilities opening across America, the data shows an industry critical to U.S. economic competitiveness and energy security.

Click here for our interactive data-driven dive into the 2024 report. 

Not a member? Download a summary report here.

Report Highlights

• Economic Powerhouse: The industry invested over $70 billion in new energy infrastructure while supporting 1.4 million American jobs—460,000 directly and nearly a million more in supply chains and supporting industries.
• Manufacturing Renaissance: 45 new or expanded manufacturing facilities came online in 2024, representing more than $9 billion in investment, with 84% located in Republican-held districts.
• Corporate Demand Surge: Amazon, Microsoft, Meta, and Google collectively contracted 11.3 GW of clean power in 2024 alone—nearly matching Florida’s entire clean energy fleet.
• Solar Leadership: Utility-scale solar saw unprecedented growth with over 33 GW deployed, reaching a cumulative 130 GW nationwide as Texas surpassed California as the solar leader.
• Storage Acceleration: Battery storage witnessed its first double-digit gigawatt year with 11.3 GW of new capacity, while the pipeline grew 49% year-over-year to reach 45 GW.
• Bipartisan Growth: 77% of clean power capacity added to the grid in 2024 was sited in Republican-held districts, with GOP-held districts hosting 79% of operational U.S. clean power.
• Foundational to US Energy: The U.S. added 49 GW of clean power in 2024, with total operational capacity now reaching 313 GW—enough to power 75 million American homes.

Access the Report

• ACP Members: Click “Download” above to access the complete 160-page report, underlying datasets, and all appendices.
• Public Version: Download the free public version of the report with key findings and highlights.
• Press Release: Read the press release for additional context.
• Interactive Website: Dive into the data on our interactive website.
• Live Session: ACP Members can join report authors for a live PowerCast on Thursday, May 15 to dive deeper into the report.