The election of Donald Trump as President of the United States has had a significant impact on various industries, including the energy sector, both domestically and globally. The rollback or suspension of policies from the Biden administration has fundamentally changed the investment landscape.
While there is potential for growth in renewable energy, the pace of investment and expected returns have shifted. The U.S. solar market continues to grow despite challenges, thanks to the Inflation Reduction Act, supportive state policies, corporate sustainability efforts, and initiatives that increase access to solar energy. These factors help mitigate the effects of federal tariffs and contribute to the industry’s expansion.
In contrast, the offshore wind industry has come to a standstill, facing challenges even before President Trump took office. The current administration has a preference for fossil fuels; however, global pricing and demand dynamics still affect the rate of domestic production growth in the United States.
Moreover, the imposition of tariffs has created considerable uncertainty in the market. Nonetheless, the temporary suspension of these tariffs for 90 days has raised hopes for a negotiated solution.
- Strategic Imperatives
- Why Is It Increasingly Difficult to Grow?
- The Strategic Imperative 8TM
- The Impact of the Top 3 Strategic Imperatives on the Energy Industry
- Growth Opportunity Analysis
- Risk to Forecast Factors
- Top Three Trends Driving Industry Change
- Likely Influence of President Trump's Administration will have on Individual Energy Segments
- US Power Generation Investment Forecast
- US Power Generation Installed Capacity
- US Electricity Generated
- Trend # 1: The Fundamentals of the Solar PV* Market are Strong, but Trade Policies from the Administration Present New Challenges
- Exploring the Dynamic Landscape of Solar PV Manufacturing
- Why Solar Recycling Could Gain Traction Post-tariffs
- Trend # 2: President Trump's Tariffs Threaten to Undermine his Goals for Energy Independence and a Strong Natural Gas Market
- Unveiling the Dynamic Forces Shaping the LNG Market landscape
- Natural Gas will Continue to Play a Pivotal Role in the Electricity System
- Trend # 3: The Trump Administration Prioritizes Investment in Oil, but its Trade Policies Could Threaten How Much Can Be Achieved
- Tariff Policies and their Immediate Effects on Oil Markets
- Trend # 4: Challenges Persist, but Onshore Wind Energy Remains a Viable Generation Technology in the US
- Larger Turbines will Increase Wind Generation Output
- Trend # 5: The Offshore Wind Industry is Largely Dead for the Next Four Years
- Innovations Shaping the Future Potential of the Wind Energy Market
- Trend # 6: Challenging Conditions for Hydrogen as Funding Uncertain
- Gaps and Pain Points Across the Hydrogen Value Chain
- Trend # 7: Despite Supportive Policies for Nuclear energy, the Key Focus of Growth is Around Life Extensions, Services and Mining
- Revitalized Commitment to Nuclear Energy
- Trend # 8: Long-term Growth for BESS, but Tariffs Threaten Growth in the Short-term
- Unpacking the Geopolitics of Batteries: Powering the Future of Global Tensions
- Trend # 9: Tariffs Could Complicate Grid Investment Efforts, but the Need for Modernization is Clear. Congressional Permitting Reform would Accelerate Growth if Passed
- Market Dynamics and Industry Response
- Distribution Grids are at the Center of the Energy Transformation
- The Future of Electric Utilities: A Vision to 2030
- Trend # 10: Carbon Capture Poised for Strong Growth as the Administration Favors Fossil-based Technologies
- CCUS will Reach a Much Wider Number of Industries by 2030
- Growth Opportunity Universe
- Growth Opportunity 1: One-stop Shop for Energy Decarbonization Solutions
- Growth Opportunity 2: EaaS-A New Investment Opportunity
- Growth Opportunity 3: Risk-Gain Share Models and M&A- New Opportunities for Technology OEMs
- Appendix & Next Steps
- Benefits and Impacts of Growth Opportunities
- Next Steps
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