The US clean power industry just crushed its Q3 record with 11.7 GW of new capacity, putting 2025 on track to be its biggest year in history. (ACP)
The drivers: Battery storage had a breakout quarter, installing a record 4.7 GW, while solar continued to do the heavy lifting (6 GW), pushing total YTD installations to nearly 31 GW—already outpacing 2024.
The yellow flag: Despite the construction boom, the business side is cooling off. New offtake deals are down 38% this year, and the future project pipeline barely budged (+1%) last quarter as developers hit the brakes amidst regulatory uncertainty.