California Achieves Two-Thirds Clean Energy Milestone, Sets New Solar and Storage Records
California’s grid is now powered by two-thirds clean energy, with the state averaging seven hours a day running on 100% clean electricity and breaking records for both solar generation and battery storage capacity. Since 2019, California has added 25,000 MW of new energy resources—primarily solar and storage—bringing its battery fleet to over 15,000 MW, making it a leader among large economies in transitioning to renewables.[1]
Scaled-Back U.S. Renewable Tax Credits Signed into Law, Project Timelines Adjusted
On July 4, 2025, the U.S. enacted the One Big, Beautiful Bill Act, scaling back renewable energy tax credits and changing eligibility deadlines for new projects. Solar and wind projects must begin construction before July 4, 2026, to qualify for credits if placed in service by the end of 2027, while other clean technologies, including battery storage, can qualify for credits if construction starts by the end of 2033, but face new restrictions on foreign content.[6]
Global Renewable Energy Capacity Surges, 90% of New Projects Now Cheaper Than Fossil Fuels
In 2024, global renewable energy capacity additions hit a record 582 GW—a 20% increase over the previous year—with over 90% of new projects producing electricity cheaper than the lowest-cost fossil fuel alternative. UN and IRENA reports highlight that the vast majority of global new power capacity came from renewables, underscoring a tipping point for clean energy economics.[5]
Texas Faces Uncertainty as Clean Energy Tax Credits Are Cut, but Solar and Storage Growth Help Grid Resilience
Texas’ grid resilience improved in recent summers due to rapid solar and battery storage deployment, but new federal tax credit cuts may slow future clean energy development. The Electric Reliability Council of Texas (ERCOT) projects sharp increases in peak demand by 2031, with more diverse generation and continued investment seen as vital for grid stability.[2]
New York Launches First Bulk Energy Storage Solicitation for 1 GW as Part of 6-GW Roadmap
Governor Kathy Hochul announced New York’s inaugural solicitation for 1 GW of bulk energy storage, a major step in the state’s 6-GW Energy Storage Roadmap designed to cut costs and increase grid reliability. This initiative aims to accelerate the integration of large-scale storage, supporting New York’s broader clean energy transition.[3]
Record Year for U.S. Solar and Storage Manufacturing as Domestic Investments Surge
Since major federal climate legislation passed, companies have announced $91 billion