By Sean Chung��

Halfway through 2026, the clean power industry has demonstrated that clean energy is here to stay — solar, wind, and battery storage will play a leading role in an era of rising electric demand.��

Developers energized a record-breaking 17.1 GW of new clean power capacity during the second quarter, pushing H1 installations to 23.9 GW (enough to power over 4 million homes!). Even as the industry faces policy uncertainty, the pipeline of development-stage projects has risen to 205 GW, a new high.������

A historic project led the way this quarter: Pattern Energy’s 3.65 GW SunZia Wind project, which was announced operational at ACP’s CLEANPOWER Conference in June. Over 18 years in the making, SunZia is the largest land-based wind project in U.S. history, and 4x the size of the second largest wind project. A 550-mile high-voltage transmission line connects 916 wind turbines in New Mexico to the CAISO grid, delivering low-cost wind energy to communities in Arizona and California.��

Not only is SunZia boosting clean power generation in the West, it is also expected to generate $20.5 billion in economic benefits over the lifetime of the project. The 2,000 construction jobs and 100 permanent jobs, along with $1.3 billion in annual payments to local governments and landowners, will serve as a massive economic driver in the region. The deployment of wind turbines manufactured in the U.S. by GE Vernova and Vestas supports the domestic supply chain and manufacturing jobs.��

New Mexico isn’t the only state worth celebrating this quarter. Over 33 states have more than 1 GW of clean power projects in development. States like Kentucky and Tennessee, late-adopters of clean energy, have more than enough projects in development to double their operational capacity over the next few years. Utilities and C&I buyers across the nation are investing aggressively to bring clean power projects online as soon as possible.��

Clean Power Projects in the Pipeline

During Q2, Cypress Creek Energy and Google announced one of the largest power purchase agreements in history, 1.6 GWdc of solar and 1.9 GWh of battery storage from the Steel River Energy Center in Arkansas. Since acquiring Intersect earlier in the year, Google also broke ground on the more than one gigawatt Meitner Energy Center in Texas. In Michigan, DTE Energy and Oracle inked an agreement to deploy 1.5 GW of battery storage systems manufactured by LG Energy Solution Vertech over the next few years.��

Offtake Announcements Over Time

As the industry builds across the U.S., companies are creating jobs, reviving U.S. manufacturing, funding local governments, and supporting farmers with drought-proof lease payments, all while delivering reliable, low-cost electricity to communities.

Explore the latest Quarterly Clean Power Market Report, and dive into the updated State Fact Sheets!����

The post The States Driving America’s Clean Power Boom appeared first on ACP.

Energy storage is increasingly valued as essential infrastructure for America’s energy future. Development decisions have evolved to where storage will be deployed at scale, how projects will be financed, which technologies will lead the market, and what policies and market structures will unlock the full value of storage for consumers and communities.

ACP RECHARGE: Energy Storage Conference is where these discussions happen. From September 22–24, energy storage industry leaders will convene in Aurora, Colorado, just outside of Denver, for the conversations, connections, and market intelligence needed to move the industry forward. RECHARGE brings together the decision makers shaping the future of storage: utilities, developers, investors, technology companies, manufacturers, policymakers, and energy executives. With 70% of attendees holding buying power, this is a forum built not just for ideas, but for industry-shaping action.

Exploring answers to the industry’s biggest questions

ACP RECHARGE’s 2026 program reflects the speed and complexity of today’s storage market. Attendees will dig into the issues defining the industry’s next chapter: grid reliability, wholesale-market evolution, project finance, domestic manufacturing, supply chains, safety, cybersecurity, software, artificial intelligence, and emerging storage technologies.

The event opens Tuesday with Energy Storage 101, a pre-conference workshop designed to immerse participants in the technology, economics, and market dynamics driving storage deployment. From there, the moves directly into the business and policy discussions that will shape what gets built next: electricity prices, the role of storage alongside flexible load, domestic mineral leadership, and the race to bring more capacity online.

Insights that lead to action

Later in the program, RECHARGE will focus squarely at the opportunities and constraints confronting the industry. Sessions will highlight the national energy storage market outlook; advanced power electronics; federal tax guidance and financing uncertainty; cybersecurity; supply chains; recycling; long-duration storage; and the increasingly important relationship between storage and large-load growth.

RECHARGE will also explore what it takes to deploy storage responsibly and at scale. The agenda includes conversations on community engagement, tariffs and trade, regional market reforms, and fire-incident monitoring. These discussions will culminate in a celebration of industry achievements, honoring exceptional leadership in safety, innovation, policy advancement, and landmark project developments. advanced post-conference workshops

As the market evolves, companies must be prepared to identify new opportunities, adapt to changing demand, and make investments that can support a durable domestic storage supply chain. RECHARGE gives attendees the chance to engage directly with the people navigating those decisions in real time.

Be part of what’s next

RECHARGE is where attendees can meet prospective customers, partners, investors, and collaborators; explore the latest technologies and services; and turn a shared understanding of the market into actionable next steps. Leave ready to move the industry—and your business—forward.

The future of energy storage is being decided now. Help shape it at ACP RECHARGE.

The post RECHARGEing Energy Storage Strategy appeared first on ACP.

To fully capture the economic benefits of industrial growth without compromising energy affordability for all customers, we need to meet this demand with new generation that can quickly come to market. Clean power provides this opportunity, with technologies that have faster speed to market and a robust pipeline of new projects waiting to deliver energy to the grid.��

ACP maintains a detailed database of clean power projects and their status, allowing us to track the time it takes for new projects to move through the development process.�� Across the hundreds of wind, solar, and energy storage projects with available data, each technology took less than two years on average to come online after entering the advanced development phase. Once under construction, no technology averaged more than a year before completion. These values represent capacity-weighted estimates for all projects that have come online since 2016, allowing us to compare development timelines for projects that vary in size. With new large loads able to interconnect within one to two years, clean power can quickly come online and provide energy contributions necessary to keep markets stable and prices low.����

Natural gas plants provide the most relevant sample of data to compare against clean power. Using data from the U.S. Energy Information Administration’s (EIA) Monthly Generator Inventory, we compiled month-by-month updates for natural gas plants to track how long each project took to move through the development process.1����

Among natural gas plants that have come online since 2016, our sample finds longer construction times. Combined-cycle gas turbines (CCs), the most efficient type of natural gas unit, averaged a total of 3.1 years between advanced development and coming online, spending nearly two of those years (22 months) under construction. Natural gas combustion turbines (CTs) were faster at an average of 2.2 years, but they are still slower to reach the market than wind, solar, and energy storage projects, while taking longer to construct.����

Clean Power Queues��

In addition to faster construction timelines, clean power has a large bench of projects in development. A recent from the Lawrence Berkeley National Laboratory found that out of over 2,000 GW of capacity in active interconnection queues nationwide, 84% is comprised of wind, solar, and storage projects. This represents a robust pipeline of new generation seeking interconnection that, after clearing regulatory hurdles, can quickly move through construction to put more electrons on the grid.��

To quickly and affordably meet future energy needs, we need to leverage the speed and low cost of clean energy projects.����

��

Explore the new ACP resource, Speed to Market.��

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ACP’s newly released��Market Pulse: Utility-Scale Solar Summer 2026��report��dives into the current state of solar: how��it’s��powering the present, increasing energy capacity for the future,��and��strengthening��the American workforce.����

��Powering the��Present��

Utility-scale solar has grown at a record-breaking pace in recent years. Since 2020, annual installations have surpassed 10 GW/year, with more than 20 GW��added��annually since 2023. Cumulative operational capacity for utility-scale solar��has��more than tripled from 48 GW in 2020 to 161 GW at the end of Q1 2026.����

This growth in capacity��translates to��real increases in��electricity��delivered to the U.S. grid. Just 10 years ago, solar accounted for less than 1% of total U.S. electricity. As of Q1 2026, utility-scale solar generated 6.8% of total electricity in the U.S. over the past year. When behind-the-meter solar resources are included, solar generated 8.9%.��

The rapid growth of��solar��is��a��nationwide trend. Forty-one of the��50��U.S. states have at least doubled their operational solar portfolios��between��2020��and��Q1 2026;��and��within those��states,��20��have grown��their��solar capacity by more than��five times.��

No matter how you slice it, solar��is��instrumental��to��the power sector’s ability to keep pace with rising��energy��demand, and solar will continue to be a key part of the story as demand��grows.��

Powering the��Future��

ACP’s in-house energy outlook forecasts 300 GW of operational solar capacity in the U.S. by 2030, nearly doubling the current operational portfolio in only five years.����

Solar has already��outpaced��other energy technologies��in��capacity additions. In 2025, utility-scale solar additions made up��nearly 50%��of all energy installs,��surpassing��natural gas, wind, storage, nuclear, coal, and other technologies. Through 2030, ACP’s forecast shows solar accounting for more than 40% of new energy additions, even as gas-fired generation additions accelerate.��

In the near-term, ACP’s��research��team is tracking 103 GW of capacity in the solar pipeline, which includes projects that are under construction or in advanced development. The solar pipeline��exceeded��100 GW for the first time at the end of 2025 and accounts for 53% of the total clean energy pipeline. Although battery storage projects are hitting their own deployment boom, solar will��likely continue��to be the leading clean energy technology��in the near-term.����

Powering the��American��Workforce��

The continued strong buildout of solar power capacity not only helps keep the lights on amid growing electricity demand but also bolsters job creation, investment in rural communities, and economic growth.��

The solar industry supports 703,000 jobs across direct, indirect, and induced positions. For every one job directly employed in solar, an��additional��two jobs are supported downstream.����

In addition to job creation, solar workers earn a higher average wage than the mean wage of all private industries and government workers, and the solar industry employs U.S. veterans at a higher rate��(8%)��than the national average��(5%).��American workers are��integral to developing, building, and��maintaining��solar��projects��across��the nation.����

Beyond direct employment in the solar workforce, operational utility-scale solar capacity has��also��stimulated��nearly��$350 billion��in investment. At��the��community level, solar projects have contributed over��$1.8 billion��in state and local taxes and land-lease payments over the past year alone.����

Looking ahead, the solar projects in development��today��are slated to bring even more value and local benefits to communities in every state��tomorrow.����

To learn more about how solar is��delivering��power to Americans, check out��the��first edition of��ACP’s Market Pulse: Utility-Scale Solar.

The post Solar by the Numbers: Powering America’s Future appeared first on ACP.

Heat waves and winter storms are more frequent, more intense, and last longer. The western U.S. broke the record for the hottest March temperature in history at 108 degrees earlier this year. The eastern U.S. is expected to shatter records this July 4th weekend with temperatures reaching 115 degrees. And in January, Winter Storm Fern��brought freezing rain, sleet, snow, and bitter cold across two-thirds of the country. Each of these events puts enormous strain on the power grid, and the way we generate electricity��determines��whether that strain becomes a crisis or a manageable challenge.��

When temperatures surge past 100°F��in Virginia��or plunge below zero��in Texas, electricity demand spikes dramatically. During a heat wave,��nearly every��home and business runs air conditioning and keeps it running around the clock.��Whereas in��winter storms electric heating demand surges at the exact same time that natural gas, which fuels most of our power plants, is being diverted to heat homes and buildings. Power plants end up competing for the same fuel that millions of families need to stay warm. To make up the difference, grid operators turn to older, less efficient plants burning expensive��fossil fuels, driving wholesale electricity prices from as low as $30/MWh��on a normal day to thousands of dollars during a grid emergency. When local generation still falls short,��grid��operators��will��import power from neighboring��grids, but those neighbors��can be��struggling with the same��event, limiting how much help they can��actually provide.��

The evidence from recent extreme weather events is clear: grids��that��include��meaningful amounts of��clean energy resources perform better, cost less, and protect consumers more effectively.��During a��three-day heat wave in late July 2025��that tied and broke records across the Central and Eastern U.S., clean energy saved the grid more than��$114 million. In Texas, a 34% share of renewables saved consumers $47 million. In the Great Plains,��wind’s��28% share��of generation��saved over $26 million. During��Winter Storm Fern��in January 2026, clean energy saved the grid over��$2 billion��in operating costs and generated enough power for 43 million homes. Wind and solar in the Midwest alone, at just a 16% share, saved over��$1 billion.��

Why does clean power make such��an economic��difference? Because wind and solar have no fuel cost and no fuel supply chain to disrupt.��When a gas pipeline freezes or fuel prices spike, solar panels and wind turbines keep generating��as planned.��A well-sited solar fleet naturally produces the most power during the hottest hours of a heat wave, directly offsetting the surge in air conditioning demand. Wind resources spread across multiple regions provide steady output day and night. Their role is to consistently meet energy needs such that electricity prices can stay stable and affordable.��

Reliability and backup capacity is where battery storage comes in. Storage systems��charge��up��during times of cheap surplus��power and��discharge precisely when demand peaks, replacing the costly fossil fuel peaker plants that drive up prices during emergencies. Together, wind, solar, and storage reduce dependence on gas-fired generation at the moments when gas is most constrained,��lessen��the price spikes that hit consumers hardest, and give grid operators the tools to keep the lights on without resorting to rolling blackouts.��

As extreme weather grows more frequent and more severe, the stakes for getting our energy mix right keep rising. Clean power��is��a proven��part of a lower-cost,��resilient grid solution, and the data proves it.��

ACP’s research team provides quantitative analysis to help better understand how the grid works and how clean power projects deliver the affordable, reliable energy America needs. A new ACP analysis uses July 2025 as a case study for how clean energy saves money during a heatwaves.

Download the Analysis Now

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The post Powering Through Extremes: How Clean Energy Lowers Costs and Improves Reliability appeared first on ACP.

Even the most attentive supply chain expert may��struggle to keep up with the many tariff announcements and complex sourcing dynamics affecting the American clean power industry over the past year.��They continue to��obstruct��the power industry’s��ability to meet growing energy demand and affordably serve customers. Yet a bright spot��remains: the onshoring of the clean energy supply chain, a trend building since 2022.��

Last year’s��inaugural��State of Clean Energy Manufacturing in America��report��found that��federal energy incentives drove an immediate response to build in America.��This year’s��report��finds��that��this��momentum has continued, particularly in the downstream solar and storage supply chain, with 70 new manufacturing facilities coming online��in the��past year alone.��

American Jobs Energizing Communities��

The U.S. now has over 825 facilities supporting the clean energy supply chain, directly employing 50,000+ Americans. But that’s just the start of the economic picture.

These facilities don’t operate in a vacuum, they pull in a vast network of suppliers providing everything from the steel and concrete in the ground to the bolts, screws, wires, and glass that go into each component. That demand drives additional work for trucking and shipping companies, accounting and law firms, and construction companies among others in the broader supply chain ecosystem.

And when workers at a wind tower facility in Colorado, a solar tracking line in Pennsylvania, or a lithium mine in Nevada bring home a paycheck, that money doesn’t stay in their pockets.����It flows into their communities, supporting the grocery store cashier, the restaurant server, the gym owner, and the car dealer.

Add it all up, and the clean energy manufacturing sector supports over 215,000 jobs, $31B in GDP, and $61B in spending injected into the U.S. economy.��

Building American Energy Dominance��

2025��marked a new milestone: the U.S. now has the production capability to manufacture and assemble all��types of��downstream components domestically across technologies. This includes��modules for both solar and storage��(effectively the wiring and assembly of energy cells),��wind nacelles,��and��wind turbine��towers.����

This full downstream capability��is essential��for upstream supply chain development. It��creates the economic conditions to incentivize upstream production��so that��U.S. manufacturers can��start to produce��more:��crystalline silicon cells, ingots, wafers, and polysilicon for solar��and more��cells, anode and cathode active materials, graphite, and lithium for battery storage.����

ACP’s data shows that most of the critical battery storage supply chain could be domestically supplied by��the��end of��the��decade, based on facilities currently under construction and announced investments.��America is on track to exceed 950+ facilities across technologies by 2030, bringing new projects and new opportunities to communities while��establishing��a stable, long-term workforce.

Trade Policies to��Protect American Industry��

But that trajectory depends on��sensible trade policies that��support and do not undermine��supply chains. Clean energy manufacturing��is booming��thanks to��two reinforcing drivers��–��first,��broad deployment of solar, wind, and storage across the country, and��second,��federal incentives that reward onshoring. Undermining clean power through��inefficient��federal action, including unclear tariff and trade policies,��curbs��demand��and thus stands in the way of��one of the clearest success stories in the American manufacturing renaissance.��

Broad tariff action across an entire supply chain can carry unintended consequences. Onshoring works by starting downstream and building upstream. Tariffing the upstream components while the downstream facilities that rely on them are still maturing undermines the very factories American has invested in – and benefitted from.��

The result is a lose-lose: either we can’t build sufficient generation capacity to meet rising electricity demand and forfeit the economic gains of an electrifying economy, or we can meet load – but at unnecessarily higher costs to customers.��

Onshoring the clean energy supply chain is central to U.S. competitiveness and energy security.��The data is clear: it can be done, but it requires smart, consistent support and investment that protects both American industry and electricity customers.��

ACP’s second annual State of Clean Energy Manufacturing Report provides deep insights on how domestic clean energy manufacturing is powering America’s economic prosperity, generating revenue, supporting jobs, and strengthening energy independence.

Download the Report Now

��

The post American Energy Manufacturing: Growth, Jobs, and Competitiveness appeared first on ACP.

I had to figure it out on my own. And I did. And I promised that I would always share what I learned because I wasted a lot of unnecessary time. I came to understand how to access opportunity. Who is in the room. Who gets heard. Who is invited into the conversations that move careers forward.

Those moments matter. More than we often acknowledge. I want everyone to learn those lessons and not have to wait to be noticed, sponsored or mentored. CLEANPOWER in Color was created with that in mind.

This work is personal for me. I came to ACP because I wanted to be intentional about providing knowledge and creating space for our community, not just to participate in this industry, but to help lead it. Last year, we launched this event during a challenging moment. What stayed with me was not just the programming, but what happened in between: People connected in meaningful ways. They shared experiences openly. They left with a stronger sense of where they fit and where they could go next.

That is the kind of space we are continuing to build. A space where professionals of color are not on the margins of the conversation, but at the center of it. A space where growth happens not just through content, but through connection, reflection, and shared experience. Because leadership is not built in isolation. It is shaped over time, through the rooms we are in and the people we learn from along the way.

I hope you will join us in Houston this June.

Learn more and register today

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But��even more��is��on the way.��ACP’s��Power��Capacity��Outlook expects��over 80% of��new��power��installations��through 2030 to be clean energy��– new electrons��that��meet��rising��demand��and��increase��reliability��are��overwhelmingly clean electrons.����

The strongest��trends? Clean power delivering��for Americans:����

1. Strong annual deployments continue.��At the end of 2025, the U.S.��reached��a record high of 188 GW of clean power in��the pipeline.��Consultant forecasts anticipate between 46-62 GW��more on the way��by the end of��this year,��keeping��2026 on par with��record-breaking 2024 and 2025.��The strength of deployments is heavily��determined��by a market and policy environment from earlier in the decade, as development decisions are��finalized��years��ahead of��projects��coming online.
   
   

2. Natural gas prices spike, clean energy users save.��Wholesale electricity rates rose��41% on average��in 2025, primarily��due to��higher natural gas prices and demand spikes during extreme weather events. The Northeast, a region highly dependent on natural gas,��had an��average year-over-year wholesale electricity price increase of 60%, while��regions with less natural gas dependency and higher clean energy penetration saw an average��increase��of only 13%.��With��natural gas prices��still on the rise and��an��increasing likelihood��of��extreme��weather��events,��the role of clean��energy��in��derisking wholesale prices��has never been more��critical.��

3. Battery storage capacity is on track to break 50 GW.��Battery energy storage systems (BESS) closed out 2025 with 45 GW/126 GWh of capacity in operation. Across the nation, battery storage deployments have grown exponentially, rising an average of 86% each year since 2020. At that pace, BESS is expected to surpass the 50 GW milestone by the end of this year.����
4. Utility-scale solar will overtake land-based wind in total operational capacity. Land-based wind has historically dominated U.S. clean power capacity. But the winds are shifting – operational land-based wind ended 2025 at nearly 161 GW while utility-scale solar reached 157 GW. Annual installations for utility-scale solar have been at least three times greater than the annual installations for land-based wind over the past three years. If this trend continues, utility-scale solar will take over as the leader in operational clean power capacity by the end of 2026.�� ��
5. Offshore wind is set to overcome barriers and support the grid. Despite regulatory and developmental hurdles, five commercial-scale offshore wind projects representing 6 GW are nearing completion. Three of the projects have already begun delivering power to the grid, two of which hit first power within the first quarter of 2026. With current operational offshore wind capacity at just 174 MW, this new capacity will provide a major boost to the northeastern grid.�� ��
6. Ten states are doubling operational capacity.��Ten U.S.��states have enough clean power in the pipeline to more than double their current operational capacity in the coming years: Alabama, Arizona, Delaware, Kentucky, Massachusetts, Maryland, New Jersey, New York, Tennessee, and Virginia.��Three of those��ten (Arizona, New York, and Virginia)��currently��have more than 5 GW in the pipeline.
   
   

7. Total share of natural gas generation fell.��Despite adding��4 GW��of��net��operational capacity��in 2025 (culminating in��a total��of��578 GW), natural gas’ share of total electricity generation in the U.S. fell from 43% to 40%.����This is��thanks in part to��an��influx of��clean energy��to the grid displacing��natural��gas generation during high demand��hours��–��power from solar and batteries��during the day and early��evening��reduced��the��need for natural gas��generation.��

Dive��deeper��into��these insights��in ACP’s��Annual Clean Power Market Report.����

Want to learn more about��the latest clean power��trends?��Join��ACP��in��Houston on June 1-4 for��CLEANPOWER, the industry’s premier event for��cutting-edge��discussions about bringing new electrons onto the grid.��Be a part of charting America’s energy future with top companies, experts, policymakers, and leaders across all types of energy.����

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As the clean energy industry accelerates project deployment nationwide, the ability to transfer federal tax credits has become one of the most consequential financial tools for shaping project finance. With billions of dollars in transferable credits circulating across technologies — from solar and wind to manufacturing, storage, and nuclear — standardizing these credit transfer transactions can help attract new investors. ��ACP convened leading developers, legal experts, and market innovators to explore the state of play and introduce a new standardized Investment Tax Credit (ITC) transfer agreement form.��

Key Takeaways��

• The market for buying and selling clean-energy tax credits is growing fast: Tax credit transfers have scaled dramatically — from under $10B in 2023 to an estimated $40B this year — and are diversifying beyond wind and solar.��
• ACP and industry partners have introduced the new Tax Credit Transfer Agreement (TCTA) to make deals more accessible to a broader range of market participants: While every deal has a handful of unique attributes, a great many transfer deals can benefit from a standard template that incorporates provisions common to most deals. ��The new TCTA form presents tax credit buyers and sellers with a common starting place to transact transfer deals. ACP’s goal in creating the form with its industry partners is to make the form broadly available and widely used similar to the ubiquitous ISDA framework for derivative transactions. ��
• This is just the first step — more standardized tools are coming: Experts expect similar templates for other credits like 45Y production tax credits and 45X manufacturing incentives further expanding the pool of potential tax equity investors. As these tools roll out, buying and selling credits should become easier, helping clean energy scale more quickly.��

Download TCTA Form

��A Growing Tool for a Growing Market��

“The market is only two years old,” noted Johnson — yet it has matured at remarkable speed. In 2023, an estimated $7–9 billion in credits changed hands. In 2025, that number will exceed$40 billion, with especially strong growth in battery storage, clean fuels, manufacturing, and nuclear energy. Large developers like Clearway report that traditional tax equity remains strong, but transferability has become a crucial supplement — particularly after IRS guidance and safe harbor rules helped clarify how deals should work. ��

According to Orrick’s Alejandra Garcia Earley, demand now spans nearly every available tax credit category — from 45X manufacturing incentives to EV charging credits — demonstrating just how central transferability has become in financing new infrastructure.��

Corporate Buyers Are Fueling Liquidity — and Raising the Bar��

An ever-increasing number of new corporate buyers are entering the market, oftentimes with little prior experience in clean energy finance. Unlike banks or traditional tax-equity investors, these companies often do not have in-house tax teams or transaction lawyers with the necessary experience in these specific transactions. As Norton Rose’s Hilary Lefko explained, “These buyers tend to lean heavily on counsel, third-party advisors, and insurance rather than deep project-level diligence.” ��

This evolution is healthy — it means the market is expanding — but it also reinforces why consistent documentation and predictable processes are needed. As Johnson put it, “First-time buyers want to transact on something tested, known, and accepted across the market.” Without those guiderails, buyer uncertainty risks limiting the pool of new market entrants at a time when they are desperately needed. ����

A Standard Transfer Agreement — Designed for Speed and Confidence��

As the tax credit transfer market has grown, nearly every deal has required bespoke contract drafting. ��This has served as a market constraint. ��The new TCTA form aims to eliminate that constraint by reducing up-front transaction costs, shrinking timelines and encouraging consistent deal terms. �� ��

“People want to move fast,” Clearway’s Ryder said, emphasizing that developers and buyers alike benefit from reducing the amount of time spent repeatedly redlining the same provisions. The template gives parties a commercially balanced, middle-of-the-road starting point that reflects market norms to serve as a fair baseline informed by hundreds of completed transactions.����

The document is intentionally flexible: it works for single-asset ITC transactions today, but can be adapted for portfolios, production credits, or other emerging incentives.��

Driving Scale Through Standardization��

Panelists repeatedly highlighted that standardization is not just administrative — it is foundational for market growth. When parties start from a shared baseline, legal negotiation shrinks, deal timelines shorten, and more market participants can enter with confidence. That makes investment cycles more predictable and helps reduce transaction costs — particularly for smaller sellers or first-time buyers where those costs might otherwise consume a disproportionate share of deal value. ��

Johnson estimated that the total cost burden on credit buyers and sellers can reach 3–7% of deal size, meaning efficiency improvements directly translate into more dollars available for additional deal flow to facilitate clean energy deployment. Standardization also allows technology platforms to automate parts of the process, bringing further speed and scale to the market.��

What Comes Next: PTCs, Manufacturing Credits, and Technology-Neutral Standards��

The consensus among these experts on next steps was clear: more standard templates are coming. Ryder pointed to the rising level of public and political support for domestic manufacturing credits like 45X, making that an ideal area for document standardization.��

Panelists also argued that 45Y production tax credit transfer deals should be standardized soon, since only minor revisions are needed once revenue recapture and timeline provisions are adjusted. Garcia Earley explained that once a PTC version is created, it will be relatively easy to adapt across multiple emerging credit categories including 45X, 45Y, and similar incentive frameworks.��

Turning Industry Collaboration into Market Acceleration����

In closing, ACP’s Sandberg underscored why this work matters: the ability to monetize credits efficiently is now central to financing clean energy projects and a key component to continue deploying enough clean energy to help meet skyrocketing demand for energy. The new agreement reflects months of collaboration among sponsors, financiers, lawyers, and market intermediaries — each contributing to a shared document that lowers barriers to entry to the tax credit transfer market and encourages wider market participation. ��

As Ryder put it, “We invested the time because we care about where the industry is going. These transactions need to happen efficiently for clean energy deployment to continue.” The form is now being released publicly through ACP so that developers, buyers, platforms, and institutions can adopt it widely — similar to other industry templates like ISDA agreements in global derivatives markets.��

Tax credit transferability has become a core financing mechanism supporting America’s clean energy buildout. The TCTA form is designed to help buyers and sellers move with more speed and certainty as billions of dollars of capital flows through the system. And as Sandberg reminded the industry, standardization is not the end of innovation — it is the key to unlock it, paving the way for broader participation, lower barriers to entry, and the next wave of market expansion.��

Watch the full discussion here.��

Download TCTA Form

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