Back
Clean energy is the most popular form of energy in the world. By a long shot.
More than 90% of the new energy capacity built worldwide last year was clean, per data from the International Renewable Energy Agency (IRENA). That’s a new high watermark for solar, wind, and other renewable energy resources.
Due to plummeting costs and global decarbonization policies, clean energy has accounted for most of the world’s new energy resources for several years now. Since 2012, renewables have consistently made up more than half of new energy generation added to global grids.
But the trend has accelerated significantly, the result of a simultaneous slowdown in fossil-fuel power plant construction and a rapid buildout of carbon-free installations. Last year, over 585 gigawatts of new clean energy were built, per IRENA, more than three-quarters of which were solar. Meanwhile, just 47 GW of non-renewable power generation were added.
Overall, renewable resources produced around 32% of global electricity in 2024. If you add in nuclear, carbon-free sources accounted for 40% — a record-high figure.
Nevertheless, emissions from the global power sector have not declined. In fact, they rose by 1.7% last year compared with 2023, per International Energy Agency data shared with Canary Media. There are a few reasons for this.
For one, although renewables dominate new construction, the world still has a massive fleet of fossil-fired power plants, and those continue to tear through huge volumes of coal, gas, and oil to keep the lights on. Also, the amount of fossil fuels the world burns, and the amount of fossil-fueled power plants it builds, are both still climbing, albeit at a slower rate.
The problem is particularly acute in China and India, very large countries in which coal generates a disproportionately high percentage of electricity compared to the rest of the world. The U.S., which has cumulatively emitted more CO2 than any country and is currently the second-biggest source of greenhouse gases in the world, has seen power sector emissions fall over the last 15 years thanks to cheap fracked gas and even cheaper renewables.
Rising power demand is also a thorn in the side of decarbonization efforts. As hotter summers drive up the use of air-conditioning and large industrial power customers like data centers expand, new clean electrons are often simply meeting new demand rather than enabling old polluting power plants to shutter.
Still, there’s no arguing with the fact that the global power system is moving toward clean energy and away from fossil fuels. The problem is that this shift is happening too slowly. And when it comes to averting the worst of the climate crisis, pace matters just as much as direction.
The largest solar farm east of the Mississippi River now provides 100% of the electricity powering Loyola University in Chicago, and starting next fall the solar array will also be part of the university’s lesson plans.
The power purchase agreements that made the Double Black Diamond solar farm possible include “unique” components that promise Loyola access to the sprawling site and real-time data on its power generation, plus guest lectures from leaders at Swift Current Energy, the firm that operates the project, said Matt Birchby, Swift Current’s president. The Boston-based renewables developer owns several other Illinois solar and wind farms in addition to Double Black Diamond.
“It offers a lot of opportunities for faculty and students on campus,” said Loyola assistant professor of environmental policy Gilbert Michaud, who attended a ribbon-cutting for the solar farm on April 30, though the project has been producing energy since last year. “It’s good for me; it’s good for the students. We’ll write some papers.”
The 593-megawatt array also provides about 70% of the electricity used by the city of Chicago for municipal operations, including the city’s two airports. Chicago Mayor Brandon Johnson joined Loyola faculty and local elected officials at the ribbon-cutting, which took place amid farmland a three-hour drive south of Chicago.
The solar farm is crucial to Chicago meeting its goal of 100% renewable energy by 2025, Chicago Department of Environment spokesperson Kathleen O’Shea said. “This project demonstrates how climate action and economic investment can go hand in hand and benefit both our planet and people,” O’Shea said.
Swift Current is exploring ways to invest in Chicago-based workforce training programs to prepare residents for careers in the clean energy sector, Birchby said, as part of a community benefits agreement with the city, since Chicago is too far away to reap tax and employment benefits from the solar farm.
The $779 million project was built by union workers, mostly with modules produced domestically by Arizona-based First Solar — a boon during the post-Covid global supply chain crunch, Birchby said.
Electricity supplier Constellation Energy Corp., which also owns Illinois’ fleet of nuclear power plants, purchases the energy from the solar farm and passes the renewable energy credits on to Chicago, Loyola, CVS, and other customers. Chicago has a 300-MW allotment from the project, and Loyola claims 38 MW. That helps Loyola meet its 2025 goal of being carbon neutral, which is part of the Jesuit university’s larger faith-based commitment to sustainability, as officials told Canary Media in 2023 when the solar farm deal was announced.
Michaud, an economist and data analyst by training, looks forward to using data from Double Black Diamond in his courses and bringing students to the solar farm and surrounding area for fieldwork.
Michaud and his graduate students have studied the impact of large solar farms on property values and public attitudes toward utility-scale solar around the Midwest and in Europe. He has found that while people often fear solar farms will decrease their property values, that rarely happens. Instead, solar farms may actually increase property values, perhaps because of amenities facilitated by an influx of funding.
Sangamon and Morgan counties, which host the 4,100-acre array, are expected to receive about $100 million in tax revenue thanks to the project, according to Swift Current, which will also donate hundreds of thousands of dollars each year to local civic causes.
“We looked at how we could become a long-term resident of that community,” said Birchby. “At first, that’s done with proper siting. So with property values and other dynamics at play, you’re making sure you’re not adversely affecting landowners. We’re saying, ‘Hey we’re a corporate sponsor, and we are people who work and live in your community now. How do we give back and become true members of the community?’”
Michaud said he’s eager to study the economic and social ripple effects of Double Black Diamond.
“Can we talk to adjacent landowners? Can we look at the performance of the system? Will there be agrivoltaics?” Michaud said. “There’s obviously energy research we can do, and it might open up other doors — for soil science, water runoff, how does this impact the local bird or rodent population?”
Birchby said Double Black Diamond could be a place to experiment with agrivoltaics, wherein farming coexists with solar production. He said the land under and around the panels is currently planted with native, pollinator-friendly vegetation, and he’s interested in grazing sheep “as an alternative to seasonal mowing … further supporting the broader farming community.”
Birchby said the economies of scale for the large solar farm allow Swift Current to offer lower rates in 12-year contracts with buyers like Loyola and Chicago that are “almost like a marriage.”
“We struck up relationships and partnerships where we’ve been able to navigate hand in hand,” said Birchby. “I’m thrilled with the outcome the collective teams were able to bring together.”
California is a trendsetter when it comes to cleaning up transportation. But the Republican-controlled Congress is trying to put an end to that, albeit through dubious legal means.
For years, the state’s various clean vehicle rules have gone well beyond federal emissions standards. Its Advanced Clean Cars II program requires that all new passenger cars sold in the state must be zero-emissions by 2035; Advanced Clean Trucks mandates that manufacturers scale up their sales of zero-emissions medium- and heavy-duty vehicles.
Eleven other states and Washington, D.C., have adopted California’s latest zero-emissions cars rules, and 10 have adopted its Advanced Clean Trucks regulations.
But to be enforceable, those rules needed waivers from the U.S. EPA. The waivers are what the U.S. House targeted this week, voting on Wednesday to repeal Advanced Clean Trucks and on Thursday to rescind Advanced Clean Cars II, with support from major automakers. The House votes came even after the Government Accountability Office — the nation’s top legislative auditor — said Congress doesn’t have the authority to revoke the waivers via the Congressional Review Act. The repeals still face an uphill battle in the Senate, where the body’s parliamentarian similarly said the waivers aren’t subject to such congressional oversight.
But advocates in some of the states that have followed California’s lead don’t want to let the potential repeal derail their EV progress.
More than 60 environmental, business, and housing groups sent letters to Massachusetts Gov. Maura Healey last week, calling on her to preserve the state’s EV goals. Healey has already postponed enforcement of similar rules encouraging zero-emissions medium- and heavy-duty vehicle sales last month, but this coalition says the remaining regulations are critical to meeting the state’s net-zero goals, Canary Media’s Sarah Shemkus reports.
Illinois advocates are meanwhile still pushing their state to adopt Advanced Clean Trucks and Advanced Clean Cars II, they told Canary Media’s Kari Lydersen last month. Places like Joliet and Chicago’s Little Village neighborhood have become overrun with heavy-duty trucks as warehouses crop up, bringing excessive diesel pollution with them. Replacing those trucks with zero-emissions vehicles would improve air quality, especially in frontline communities that face higher pollution burdens.
Back in California, concrete progress on electrifying heavy-duty trucks is still happening, Canary Media’s Jeff St. John reports. Two all-electric charging depots just opened last month — infrastructure that will allow electric trucking to keep on growing, despite all the potholes ahead.
Community solar is winning over Republicans
Community solar is building a surprising fan base. Republican state lawmakers in Georgia, Iowa, Missouri, and Ohio have sponsored bills this year to encourage construction of solar arrays that multiple households can tap into, Alison Takemura reports for Canary Media. Pairing community solar with agricultural land is even at the heart of a model policy from the conservative American Legislative Exchange Council.
Advocates say community solar is in line with the conservative principles of free markets and individual property rights — and a recent survey out of deep-red Texas seems to agree. The poll, commissioned by Conservative Texans for Energy Innovation, found more than 90% support protecting property owners’ rights to produce electricity on their land, including with wind turbines or solar panels, and say they should be allowed to lease their land out for power generation too.
Could Spain’s massive blackouts happen in the U.S.?
Spain and Portugal suffered one of Europe’s worst power outages ever on Monday. About 55 million people lost power, sidelining hospitals, disrupting cell signals, and halting digital payments. The massive outage on a usually stable grid stirred up accusations — including from U.S. Energy Secretary Chris Wright — that renewable power was to blame.
Spain’s grid operator hasn’t yet disclosed what caused the outages, but the country’s environmental minister said Wednesday that renewables weren’t responsible. Nearly 55% of Spain’s electricity on Monday came from solar, with another 10% each from wind, nuclear, and hydropower — a similar mix to what’s powered the country’s grid in the past, without problems. Still, experts say the outages highlight stability challenges that renewables can pose during power disruptions, and show that grid operators need to implement new technologies to better manage increasing amounts of wind and solar.
Tesla turmoil: Elon Musk and Tesla’s board chair deny a report suggesting the EV maker is seeking a new CEO amid Musk’s increasing political activity and the company’s sinking finances. (Axios, Wall Street Journal)
Gutting grants: The U.S. EPA indicates in a court filing that it intends to cancel 781 grants issued under the Biden administration, most of them tied to environmental justice, and has already notified about half of those recipients of the looming cuts. (Washington Post)
100 days of climate demolition: President Donald Trump has signed 20 climate-related executive orders in his first 100 days in office, and his term has so far been marked by stock market uncertainty, clean-manufacturing project cancellations, and tariffs that are set to hurt the fossil-fuel industry. (Heatmap)
Burgum’s energy pivot: Now largely focused on oil and gas development, Interior Secretary Doug Burgum has taken a sharp turn since supporting an “all of the above” energy strategy that included clean energy while serving as North Dakota’s governor. (E&E News)
A second life for coal plants: Former coal-fired power plants are becoming in-demand properties as developers look to re-use the facilities’ existing power lines for gas-fired power plants, battery storage sites, or offshore wind connections. (Associated Press)
First Solar’s fortunes fall: American manufacturer First Solar, which saw a stock bump in the wake of Trump’s tariffs, has since reported lower-than-expected first quarter earnings and reduced its expected revenue and profit for the rest of the year. (Heatmap)
EV education at risk: Programs that train students to work in EV manufacturing, which arose to supply the growing industry with workers, could peter out amid the Trump administration’s continued attacks on the sector. (Hechinger Report)
Raymond Ward wants to see solar panels draped over every balcony in the United States and doesn’t understand why that isn’t happening.
The technology couldn’t be easier to use — simply hang one or two panels over a railing and plug them into an outlet. The devices provide up to 800 watts, enough to charge a laptop or power a small fridge. They’re popular in Germany, where everyone from renters to climate activists to gadget enthusiasts hail them as a cheap and easy way to generate electricity. Germans had registered more than 780,000 of the devices with the country’s utility regulator as of December. They’ve installed millions more without telling the government.
Here in the U.S., though, there is no market for balcony solar. Ward, a Republican state representative in Utah who learned about the tech last year, wants that to change. The way he sees it, this is an obvious solution to surging power demand. “You look over there and say, ‘Well, that’s working,’” he said. “So what is it that stops us from having it here?”
His colleagues agree. Earlier this year, the Legislature unanimously passed a bill he sponsored to boost the tech, and Republican Gov. Spencer Cox signed it. HB 340 exempts portable solar devices from state regulations that require owners of rooftop solar arrays and other power-generating systems to sign an interconnection agreement with their local utility. These deals, and other “soft costs” like permits, can nearly double the price of going solar.
Utah’s law marks the nation’s first significant step to remove barriers to balcony solar — but bigger obstacles remain. Regulations and standards governing electrical devices haven’t kept pace with development of the technology, and it lacks essential approvals required for adoption — including compliance with the National Electrical Code and a product safety standard from Underwriters Laboratories. Nothing about the bill Ward wrote changes that: Utahans still can’t install balcony solar because none of the systems have been nationally certified.
These challenges will take time and effort to overcome, but they’re not insurmountable, advocates of the technology said. Even now, a team of entrepreneurs and research scientists, backed by federal funding, are creating these standards. Their work mirrors what happened in Germany nearly a decade ago, when clean energy advocates and companies began lobbying the country’s electrical certification body to amend safety regulations to legalize balcony solar.
In 2017, Verband der Elektrotechnik, or VDE, a German certification body that issues product and safety standards for electrical products, released the first guideline that allowed for balcony solar systems. While such systems existed before VDE took this step, the benchmark it established allowed manufacturers to sell them widely, creating a booming industry.
“Relentless individuals” were key to making that happen, said Christian Ofenheusle, the founder of EmpowerSource, a Berlin-based company that promotes balcony solar. Members of a German solar industry association spent years advocating for the technology and worked with VDE to carve a path toward standardizing balcony solar systems. The initial standard was followed by revised versions in 2018 and 2019 that further outlined technical requirements.
The regulatory structure has continued to evolve. Ofenheusle has worked with other advocates to amend grid safety standards, create simple online registration for plug-in devices, and enshrine renters’ right to balcony solar. Politicians supported such efforts because they see the tech easing the nation’s reliance on Russian natural gas. Cities like Berlin and Munich have provided millions of euros in subsidies to help households buy these systems, and the country is creating a safety standard for batteries that can store the energy for later use.
Meanwhile, the United States has yet to take the first step of creating a safety standard for the technology. U.S. electrical guidelines don’t account for the possibility of plugging a power-generating device into a household outlet. The nation also operates on a different system that precludes simply copying and pasting Germany’s rules. The U.S. grid, for example, operates at 120 volts, while that country’s grid operates at 230 volts.
Without proper standards, a balcony solar system could pose several hazards.
One concern is a phenomenon called breaker masking. Within a home, a single circuit can provide power to several outlets. Each circuit is equipped with a circuit breaker, a safety device within the electrical panel that shuts off power if that circuit is overloaded, which happens when too many appliances try to draw too much electricity at the same time. That prevents overheating or a fire. When a balcony solar device sends power into a circuit while other appliances are drawing power from the circuit, the breaker can’t detect that added power supply. If the circuit becomes overloaded — imagine turning on your TV while a space heater is running and you’re charging your laptop, all in the same room — the circuit breaker might fail to activate.
This was a concern in Germany, so it developed standards that limit balcony solar units to just 800 watts, about half the amount used by a hairdryer. That threshold is considered low enough that even in the country’s oldest homes, the wiring can withstand the heating that occurs in even the worst of worst-case scenarios, said Sebastian Müller, chair of the German Balcony Solar Association, a consumer education and advocacy group. As a result, Ofenheusle said there haven’t been any cases of breaker masking causing harm. In fact, with millions of the devices installed nationwide, Germany has yet to see any safety issues beyond a few cases where someone tampered with the devices to add a car battery or other unsuitable hardware, he said.
Another issue in the U.S. is the lack of a compatible safety device called a ground fault circuit interrupter, or a GFCI. They are typically built into outlets installed near water sources, like a sink, washing machine, or bathtub. They’re designed to minimize the risk of electric shock by cutting off power when, for example, a hairdryer falls into a sink. Yet there are no certified GFCI outlets in the U.S. designed for use with devices that consume power, like a blender, and those that generate it, like a balcony solar setup. Germany’s equivalent of a GFCI, called a residual current device, can detect bidirectional power flows, said Andreas Schmitz, a mechanical engineer and YouTuber in Germany who makes videos about balcony solar.
Some people have raised concerns about the shock risk of touching the metal prongs of a plug after unplugging a balcony solar device. German regulators accounted for that by requiring the microinverter — which converts currents from the panel into electricity fed into the home — shut down immediately in an outage or when it is suddenly unplugged. Most of them already have this feature, but any U.S. standard will likely need to formalize that requirement.
The lack of an Underwriters Laboratories, or UL, standard is perhaps the biggest obstacle to the adoption of balcony solar. The company certifies the safety of thousands of household electrical products; according to Iowa State University, “every light bulb, lamp, or outlet purchased in the U.S. usually has a UL symbol and says UL Listed.” This assures customers that the product follows nationally recognized guidelines and can be used without the risk of a fire or shock.
While some companies have sold plug-in solar devices in the U.S. without a UL listing, the company’s seal of approval typically is a prerequisite for selling products on the wider market. Consumers might be wary of using something that lacks its approval. Utah’s new balcony solar policy, for example, specifies that the law applies only to UL-listed products.
Achim Ginsberg-Klemmt, vice president of engineering at the plug-in solar startup GismoPower, has been working on creating such a standard for more than a year and a half. In 2023, the Department of Energy awarded his company a grant to work with UL to develop a standard.
GismoPower sells a mobile carport with a roof of solar panels and an integrated electric vehicle charger. Unlike rooftop solar, the system doesn’t need to be mounted in place but can be rolled onto a driveway and plugged in, generating electricity for the car, house, and the grid. “We’re basically taking rooftop solar to the next level” by making it portable and accessible for renters, Ginsberg-Klemmt said. The product is in use at pilot sites nationwide, though a lack of standardized rules for plug-in solar has forced the company to negotiate interconnection agreements with local utilities — a time-consuming and sometimes costly process.
GismoPower’s product avoids one of the biggest technical challenges with balcony solar by plugging into a dedicated 240-volt outlet, the kind typically used for dryers. Such an outlet serves a single appliance and uses a dedicated circuit, sidestepping the risk of overloading. But it runs headlong into the same obstacle of lacking a compatible UL standard. Ginsberg-Klemmt is working with researchers at the Lawrence Berkeley National Laboratory, other entrepreneurs, and engineers at Underwriters Laboratories to develop such a standard, but it hasn’t been easy. “We have found so many roadblocks,” he said.
One major sticking point is that any standard must comply with the National Electrical Code, a set of guidelines for electrical wiring in buildings that does not allow for the installation of plug-in energy systems like balcony solar. The rules are issued by the National Fire Protection Association, a nonprofit trade association, and adopted on a state-by-state basis.
The code is updated every three years, with the next iteration due later this year for the 2026 edition. Ginsberg-Klemmt and his working group submitted recommendations for amending the code to allow plug-in solar — and every one of them was rejected in October.
Jeff Sargent, the National Fire Protection Association’s staff liaison to the National Electrical Code committee, said that this is the first time the organization had received public comments about plug-in solar systems. For now, it cannot consider amendments to allow their use until a compatible ground fault circuit interrupter exists, he said. Once that’s available, he said, the association can ensure that outdoor outlets can be safely used for balcony solar.
Electrical standards are constantly evolving, and it often takes more than one cycle of code changes to allow for new products, said Sargent. Ginsberg-Klemmt said his group will continue to pursue other avenues to amend the codes.
Until that happens, a UL standard for plug-in solar is unlikely to go anywhere. But interest in plug-in energy solutions isn’t going away, and decision-makers will have to adjust to that reality eventually, Ward said. It happened in Germany, where people across the political spectrum have embraced the technology. Ward believes the same thing will happen here. The way he sees it, “It’s just a good thing if you set up a system so people have a way to take care of as much of their own problems as they can.”
Illinois is going to need a whole lot more workers to realize its clean energy aspirations.
The state has some of the nation’s most ambitious climate laws, with a target of transitioning to 100% clean energy by 2050. In 2030 — just five years from now — it aims to achieve 40% renewable energy.
The shift away from fossil fuels could create more than 150,000 jobs in Illinois by mid-century, according to a 2022 study commissioned by ComEd, the state’s largest utility.
Since 2012, ComEd has offered a suite of what it calls “Academy” training programs that are helping to meet that need, preparing a diverse pool of more than 1,000 residents from in and around Chicago for entry-level positions in the construction, utility, and clean energy fields.
“We are delivering clean energy 24/7, 365 [days a year] — reliable power to 9 million people across Northern Illinois,” Laticia Holbert, senior workforce development manager for ComEd, told Canary Media. “And so it’s our duty to make sure that we are working with our communities to get a talent pipeline. We are proud of the legacy that we have done throughout our training programs, and we continue to expand.”
The goal of the programs is two-fold — not only to increase the size of the workforce but also to provide employment opportunities for members of environmental justice communities, who for decades have borne the brunt of adverse effects from fossil-fuel extraction. Training programs aimed at these groups, advocates point out, help to ensure that the clean energy transition does not perpetuate the injustices of the fossil-fuel economy.
“We are partnering with the community to make sure that we’re bringing in a diverse talent pipeline, by delivering targeted programs to ensure that more local residents are prepared for, I like to say, good-paying jobs [with] family-sustaining wages,” Holbert said. “We know that is really critical for our communities. We know, with the current climate [and] how clean energy is really revolutionizing, how we need to look at the demand for jobs.”
In mid-April, ComEd and a coalition of companies, labor organizations, and community groups celebrated 73 new graduates from two of the utility’s job training programs, Construct Infrastructure Academy and Craft Academy, at the University of Illinois Chicago Forum. U.S. Rep. Danny K. Davis (D) spoke at the event, as did the CEO of ComEd and representatives of the company United Scrap Metal and the nonprofit Chicago Urban League.
Britney Evans, a 2025 graduate of ComEd’s Construct program who spoke at the ceremony, said that the training she received sets her up to succeed in the trades.
“From the build day to the job shadows and coursework, the Construct program gave me the boost I needed to build my professional network, be challenged, and find new opportunities,” Evans said. “It really helped me understand the daily realities and benefits of the construction industry, and now my classmates and I will be able to break through all the glass ceilings and advance further in our lives and careers.”
Another of ComEd’s Academy training programs, which was not represented at the event, is the Power Up Academy, which provides participants the opportunity to earn design and engineering industry-required certifications for careers related to the clean energy sector. Launched in 2023 in partnership with the City Colleges of Chicago, the 14-week Power Up Academy program is designed to remove barriers to entry for local residents pursuing engineering-related careers. The program attained accreditation in 2024, enabling past and future participants to qualify for up to 13 credit hours toward future degree programs.
Each of ComEd’s three programs provides training at no charge to participants, along with a stipend during the program and ongoing career guidance and financial support after completion, Holbert said.
Approximately 70% of graduates across all of ComEd’s Academy programs land in entry-level positions with the utility or its more than 40 partner employers, taking on roles such as project coordinators, construction workers, lineworkers, design technicians, and underground locators, who help identify where infrastructure is buried.
Historically, more than 95% of program participants have been people of color, and 25% have been women. This year’s class of graduates is comprised of more than 90% people of color and nearly 20% women, according to ComEd.
Participants must be at least 18 years old, have earned either a high school diploma or GED certificate, demonstrate 10th-grade-level math and reading skills, and hold a valid driver’s license, Holbert said.
ComEd also requires potential students to complete an admissions interview along with a drug test and background check. However, individuals with past drug use or who were formerly incarcerated are not automatically disqualified. Consideration is made on a case-by-case basis, Holbert said.
“So, for returning citizens, we welcome them in the program,” Holbert said.
Of the 73 participants who graduated in April, 64 had taken part in the Construct Infrastructure Academy. During the 11-week program, participants learned basic construction skills and earned industry certifications such as a commercial driver’s license and Occupational Safety and Health Administration training. They also learned about heat pumps, induction stoves, and solar panels.
Participants also had the opportunity to shadow and learn from industry partners. For instance, in partnership with Habitat for Humanity of Chicago, this year’s Construct students helped build homes across Chicagoland’s South and Southwest Sides as part of their training curriculum. During a recent Habitat for Humanity Chicago Build Day, they tiled bathrooms, hung kitchen cabinets, added trim and molding, and painted walls. The project allowed participants to apply their newfound knowledge on safety techniques, handling basic hand tools, and working as a team.
Meanwhile, the nine Craft Academy graduates completed a physically demanding six-week training program that requires utility-pole climbing, a prerequisite experience for an apprenticeship to become an overhead lineworker. Overhead lineworkers play a critical role in maintaining and modernizing the power grid. That task is essential for meeting rising electricity demands as people purchase more EVs and electrify their homes and businesses. These graduates are now eligible for scholarships to the Dawson Technical Institute Overhead Electrical Line Worker program of the City Colleges of Chicago, which will enable them to pursue careers in the electric utility industry.
“We are honored to have joined forces with ComEd over the last 13 years in connecting members of our communities to training opportunities that can change the trajectory of their lives,” said Chicago Urban League CEO Karen Freeman-Wilson during the graduation ceremony. “The Construct and Craft programs represent a gateway to lucrative jobs that can provide the chance to build lasting careers and generational wealth.”
ComEd uses money from its own budget to run the training programs, Holbert said. No federal funds are involved.
“I don’t think [the present political climate] has any impact at all because we have to hire people to work on our grid, our system,” she said. “So we need talented people. That’s just what our mission is. So nothing’s changed about how we’re doing and what we’re doing.”
A clarification was made on May 1, 2025: This story originally stated that Construct students learn about installing heat pumps, induction stoves, and solar panels. The students learn about this equipment generally but are not trained in installation. The story also originally said that about 70% of graduates from ComEd’s training programs are employed by the utility and its partners. It has been updated to clarify that this figure is for ComEd’s Academy programs specifically, not all of its training programs.
It’s a tough time for electric trucking in the U.S. The Trump administration has cut off funding for heavy-duty vehicle charging and port infrastructure. Republicans in Congress are trying to rescind states’ authority to set clean vehicle mandates. And tariffs are throttling incoming cargoes to U.S. ports, hampering the business of trucking as a whole while likely also driving up the already-high price of battery-powered trucks.
But in Southern California, the transition away from diesel trucks, which emit a disproportionate share of the transportation sector’s planet-warming and health-harming emissions, is moving forward despite federal policy obstacles. Two big all-electric charging depots opened in April to serve clean trucks operating in the region, which is home to the busiest seaport complex in the country and is the epicenter of U.S. electric truck adoption.
The first, located in Rancho Dominguez, 12 miles north of the ports of Los Angeles and Long Beach, is owned and operated by Terawatt Infrastructure, a startup with more than $1 billion in capital and that is working with a consortium of companies including Ikea, Maersk, Microsoft, and PepsiCo. With 7 megawatts of capacity at 20 fast-charging stalls, it can charge up to 125 trucks per day.
The second site is in Colton, a city about 60 miles east of Los Angeles in California’s Inland Empire, a region crowded with massive distribution warehouses. That site is owned and operated by Greenlane, a more than $650 million joint venture of Daimler Truck North America, utility NextEra Energy, and investment firm BlackRock Alternatives. It has 12 pull-through sites for trucks hauling trailers, which are equipped with 400-kilowatt dual-port chargers, along with 29 “bobtail” lanes — sites for trucks without attached trailers — equipped with 180-kW chargers. In total, it can support just over 10 megawatts of charging.
These facilities are the latest in a line of big truck-charging depots springing up across California, built by major firms like Amazon and PepsiCo, freight companies such as NFI Industries and Schneider National, logistics operators like Prologis, and startups including Forum Mobility, Voltera, and WattEV. This proliferation is in response to the state’s ambitious truck electrification goals, which include a target for completely zero-emissions fleets by 2045, and to the the hefty incentives it has put in place to accomplish that.
Terawatt’s and Greenlane’s newly opened electric truck stops represent a new class of charging site meant to serve the next phase in the Southern California electric truck charging evolution.
Early truck-charging sites were designed to serve shorter-range trucks that deliver goods from a central warehouse before returning to recharge overnight. But Terawatt’s and Greenlane’s new depots are meant to function more like a classic highway stop for battery-powered trucks looking to deliver goods hundreds of miles away.
The new stations will support more routes per day from Southern California’s crowded ports to its distribution warehouses further inland, said Emilia Sibley, lead of Terawatt’s heavy-duty business unit. Terawatt’s newly opened site, which serves the trucks of customers ranging from relatively small freight haulers like Hight Logistics to global corporates like PepsiCo, is “meant to be an enabler for on-the-go charging,” she said — a place to get a “top-off charge to get from the port to the Inland Empire multiple times per day, rather than once a day.”
This infrastructure will allow truck owners to “extend the range and economics of these heavy-duty assets,” she said. Owners and operators measure the value of trucks not just on up-front price and long-term operating cost, but on the revenue the vehicles generate over their useful life. Being able to run two trips per day instead of one could essentially double a truck’s value.
The same dynamic applies to electric trucks looking for a recharge at the end of delivery routes in the farther reaches of the Inland Empire, said Andrea Pratt, Greenlane’s vice president of government and utility relations. Unlike most truck-charging depots today, Greenlane’s Colton site is open to any electric truck, in the traditional “truck stop–type model,” she said. “We are publicly facing, and we will always have charging available for trucks to come up and charge ad hoc.”
These big new charging depots are also the launchpads for a broader eastward expansion of truck-charging capacity. Greenlane’s Colton site is the first of a string of electric truck stops being planned from Long Beach to the Mojave Desert cities of Barstow and Baker as part of its I-15 commercial EV charging corridor project. And Terawatt and its partners are planning several large-scale charging sites along the I-10 highway from California to Texas.
The routes and use cases open to electric trucks will further expand as the next generation of longer-range trucks from mainstream manufacturers and those from all-electric specialists like Tesla or Windrose Technology become available, Pratt said. Tesla said this week that full-scale production of its long-delayed Semi will begin in 2026.
“As battery technology increases and as prices come down, you’re really going to see a change in the market,” Pratt said.
Both Greenlane’s and Terawatt’s new charging depots also offer fancier versions of the typical truck stop amenities, such as a lounge area with food and drink for sale, restrooms, free Wi-Fi, and round-the-clock security and customer support. Those are important both for on-the-go truckers spending a half hour to an hour to top up their batteries for the next leg of their journey and for trucks reserving bobtail spots to recharge overnight.
“Sites like ours can really de-risk the zero-emissions vehicle journey,” Pratt said, particularly for the vast majority of U.S. trucking fleets that own 10 or fewer trucks. “You may be less likely to need to put down a lot of capital to electrify your property if there’s a Greenlane or a Terawatt or a Forum down the street — and there will be someone there if something’s gone wrong.”
This build-it-and-they-will-come approach to electric trucking comes with its fair share of financial risk — particularly in the shadow of the second Trump administration.
The administration has frozen or restricted billions of dollars in grant funding authorized by Congress in the 2021 bipartisan infrastructure law and the 2022 Inflation Reduction Act. Those actions have left states and companies uncertain about whether they can rely on billions of federal dollars for building charging infrastructure on major transit corridors and for projects to invest in clean ports.
The Trump administration also plans to roll back federal transportation emissions regulations and has made clear it won’t support states’ efforts to put more stringent emissions mandates into effect. In January, California withdrew its plans to seek federal approval of its Advanced Clean Fleets mandate, which set statewide zero-emissions truck purchasing quotas on most large truck fleets.
Meanwhile, Republicans in Congress have introduced resolutions seeking to rescind federal waivers that allow California and 10 other states to impose Advanced Clean Trucks mandates, which require manufacturers to sell increasing numbers of zero-emissions trucks. That move comes despite findings from the Government Accountability Office and the Senate parliamentarian that Congress lacks the legal standing to take these actions.
Economic troubles are compounding the regulatory uncertainty. President Donald Trump’s crushingly high tariffs imposed on China have led to a major reduction in cargo being shipped to U.S. ports, including the ports of Long Beach and Los Angeles. That dropoff is almost certain to cause a slowdown in business for freight companies, making it less likely they will look to buy any new trucks — electric or diesel.
Those tariffs will also drive up the cost of lithium-ion batteries, most of which are made in China today. Battery costs are the biggest reason why electric trucks remain two to three times more expensive up front than diesel trucks in U.S. markets.
These headwinds further complicate the inherently uncertain economics of electric truck charging. Companies like Greenlane and Terawatt do have some levers to pull to secure demand for the charging infrastructure they’re building, however.
While Greenlane is opening its Colton chargers to all users, “that doesn’t mean we don’t have customers,” Pratt said. Last week’s ribbon-cutting featured one major anchor customer — Nevoya, a startup that’s renting office space at the site and is pledging to use it to charge up to 100 electric trucks it plans to bring onto Southern California roads.
Nevoya cofounder and Chief Commercial Officer John Verdon said the startup is working directly with “shipping customers looking to achieve sustainability goals.”
“We hire the drivers, acquire the trucks and trailers, and charge the trucks,” he said. “There are lanes where we are price-competitive with diesel — and in those markets we’re very aggressive.” But other markets are “quite candidly not price-competitive” due to challenges around charger availability and vehicle range and price.
It will take some careful planning to expand charging at the proper pace and scale to match the trucking industry’s demand for electrifying its fleet. “We’re building these things with a lot of intention and strategy behind it,” Pratt said, using such inputs as the telematics data from Daimler trucks to understand where route lengths and freight volumes allow electric trucks to compete, and how much charging is needed at which sites to support that.
“At the end of the day, for fleets, it’s all about dollars and cents and making the economics work,” she said. That puts pressure on states like California that want to keep growing the clean freight sector to keep up support, she said.
California has been a leader on incentives to expand electric trucks, she noted. The state’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project offers lucrative financial support to defray the up-front cost of electric trucks, which cost less to fuel and maintain over their lifetimes than diesel-fueled trucks.
”These are really small margins that companies are running their trucks on,” Pratt said. “If we want a long-term viable market, we need carrots and sticks — and maybe more carrots than sticks in the beginning.”
Conversations about AI and the power grid tend to focus on the demands that the developing technology will place on the country’s aging energy infrastructure. But Josh Brumberger, CEO of Utilidata, has a vision for how AI can actually help the grid.
The Rhode Island-based grid technology company is working on what it calls “edge AI intelligence” — smart meters or grid control devices embedded with chipsets designed by leading AI chipmaker Nvidia. Those devices have the computational capacity to process massive amounts of data and make split-second decisions, enabling utilities to better manage increasingly complicated power grids.
On Tuesday, Utilidata announced $60.3 million in funding to expand production and deployment of this technology with a growing list of utility partners. The new round brings Utilidata’s total venture funding to $126.5 million and was led by Renown Capital Partners and joined by existing investor Keyframe Capital, as well as Nvidia and Quanta Services, a major utility grid, energy infrastructure, and data center engineering and services company.
“We want to make it as easy as possible for hardware manufacturers to embed AI and distributed intelligence into their devices,” Brumberger said. “There’s this concept that AI is going to be crucial as we go about developing our next-generation infrastructure — in this case, the power grid. We were kind of on the edges of those discussions a few years ago. Now we’re at the center.”
Utilidata and Nvidia began to jointly develop their technology in 2021. The next year, they launched a consortium of U.S. utilities, along with leading U.S. residential solar and battery installer Sunrun, to support its deployment.
Since then, the technology has been selected to play a role in several cutting-edge utility grid projects.
In 2023, Portland General Electric in Oregon landed a Department of Energy grant to deploy Utilidata and Nvidia’s“grid-edge computing platform” to support its long-running effort to integrate batteries, EVs, and community solar into its grid. Pennsylvania utility Duquesne Light won a similar DOE grant to use the devices to collect data to better assess and mitigate threats to the grid from climate change and extreme weather. And Consumers Energy in Michigan launched a project with Utilidata last year that uses the technology to determine the grid impacts of home EV charging.
The projects share some common features, Brumberger said. They involve collecting massive amounts of data, such as subsecond readings of the voltage and frequency of power flowing through utilities’ distribution grids. Those data must then be processed by integrated circuits running hefty mathematical calculations before grid operators can make use of it.
The in-the-field computers must also be reprogrammable to perform a shifting variety of tasks, rather than “hard-wired” for only a preset range of duties, he said. And those tasks may require autonomous decision-making, like coordinating utility and customer-controlled devices to respond to changing grid circumstances, which is possible only with technology capable of acting faster than traditional low-bandwidth wireless communications from central utility control rooms.
Utilidata, which got its start providing grid voltage control equipment to the utility industry, restructured its business in 2020 to focus on these kinds of “grid-edge” challenges. The goal was to develop new versions of long-standing utility technologies that simply don’t have the speed necessary for the modern grid.
Take the more than 100 million smart meters deployed across the U.S. since the mid-2000s. Those meters — essentially stripped-down, weatherproofed computers linked via wireless networks — are collecting energy billing data, alerting utilities to power outages, and enabling some basic grid control capabilities today.
But the chipsets in those earlier generations of advanced metering infrastructure — AMI 1.0, in utility parlance — were designed to do a preset list of tasks and to be cheap enough to be deployed in the millions. The underlying computing technology has gotten both cheaper and better since then.
Major smart-meter vendors such as Itron and Landis+Gyr have been boosting the capabilities of their latest “AMI 2.0” systems to carry out increasingly complex activities. Utilidata and Nvidia claim that their technology platform, dubbed “Karman,” exceeds the capabilities of its peers in the field, though their price point is likely higher too. (AMI vendors tend not to disclose per-unit prices, and cost and pricing vary widely depending on order volumes and vagaries of industry demand.)
Utilities take a long time to move from testing a technology to deploying it at large scale. Utilidata’s earliest pilot projects, launched in 2022, embedded Nvidia chips in devices that attach to existing meters. Last year, the company signed a deal with Aclara, a longtime smart meter manufacturer and subsidiary of electronics giant Hubbell, to develop an integrated smart meter using the Karman platform.
Utilidata and Nvidia’s projects with Portland General Electric, Duquesne Light, and other utility partners aren’t going to completely replace those utilities’ existing smart meters — at least, not right away. Instead, these initial projects are tied to strategic deployments at parts of the grid where the utilities are seeking more granular information, Brumberger said.
One major area of interest is in assessing the grid impacts of rooftop solar systems, backup batteries, EV chargers, and other so-called distributed energy resources, he said. A growing number of utilities are looking for ways to enlist these kinds of devices to reduce strains on their power grids — say, by instructing batteries to store solar power at midday to release it later when it’s more valuable to the grid, or by coordinating when EV charging happens to avoid overloading local grid infrastructure when everyone charges at once.
These virtual power plants (VPPs) or distributed energy resource management systems (DERMS) can sometimes be handled in a command-and-control fashion by utility grid operations centers communicating to in-field devices via hard-wired, cellular, or broadband internet. But more advanced tasks require complex computations of local grid conditions and real-time communications between multiple local devices — exactly what Karman was designed to handle, Brumberger said.
“How can you have a VPP that’s, from a capacity perspective, as big and as reliable as a gas-fired plant, without accelerating computing and AI? You’ve got so many disparate resources that have so much untapped value that we ultimately have to unlock,” he said.
Portland General Electric, which is planning to rely on distributed energy resources for a significant chunk of its future grid needs, sees technologies like Karman as a way to better understand the reliability of VPPs and DERMS, Ananth Sundaram, senior manager of integrated grid at Portland General Electric, told Canary Media in a 2023 interview.
“We can look at grid services, we can look at disaggregation of the power, and what customer behavior and customer signatures we can track,” he said. “That will not only provide us a solid platform for serving our clients, it also helps us harvest massive amounts of data we need to understand what exactly is happening on the grid edge.”
Utilidata is hoping that utilities and regulators will keep these future needs in mind when planning the next cycle of large-scale smart meter deployments. Brumberger noted that Quanta, a new investor in the latest funding round, is a key partner in many large-scale utility infrastructure and smart meter deployments.
Utilidata’s near-term deployments are also dependent on the Trump administration preserving the DOE grants supporting its first-of-a-kind utility projects. The administration has frozen and threatened to end federal climate and energy funding approved during the Biden administration, as well as to eliminate large swaths of the federal workforce, including DOE offices that manage these grant programs.
“We have not received any word that those projects are not happening,” Brumberger said about the grants. “If you sort of peel back the layers of our project, at its core, it’s next-generation AI infrastructure. That theme does seem central to this administration, when they talk about winning the AI race, about hardening our critical infrastructure.”
The latest round of funding will allow Utilidata to expand to new markets, both outside the U.S. and outside the utility grid, Brumberger said. In particular, it’s exploring the prospects for embedding its Nvidia-enabled distributed energy control devices within data centers themselves, enabling them to better understand and control power usage down to the server level, he said.
“We think of data centers as incredibly powerful microgrids,” he said — a perspective shared by data center developers adding generators, batteries, and energy management controls to their massive installations.
Utilidata and Nvidia’s computing platforms will also be collecting, analyzing, and “training” from the data they’re collecting, much like large language models (LLMs) “train” on massive amounts of human-generated text and images, Brumberger noted. The data might include things like differences between the grid voltage signals that accompany power disruptions caused by people turning things on and off in their homes and those caused by external impacts like tree branches hitting power lines.
“It’s no longer just a sensor, but a little hub of activity where you can train locally, so not every piece of information needs to leave the site,” he said. “The question is going to be, is this the kind of tech you need on 10% of your territory, on 50%, on 80%, or 100%?”
In several states, Republican lawmakers are taking the lead on an unexpected policy priority: encouraging more community solar.
This year, Republicans in Georgia, Iowa, Missouri, and Ohio have sponsored bills to spur the growth of this shared renewable energy resource in their states. Community solar installations, which are typically 1 to 5 megawatts, or up to 30 acres, allow households to reap the benefits of cheaper, clean power without putting panels on their own roofs. And customers who subscribe to these projects can save money on their electricity bills.
While the Georgia Homegrown Solar Act of 2025 will have to wait until next year to move forward now that the Peach State’s legislature is in recess, the proposed laws in Iowa (HF 404) and Ohio (HB 15 and SB 2) remain in play alongside the Missouri measure, which passed unanimously out of the House’s legislative rules committee today.
Twenty-five states have already adopted policies to enable community solar, according to an April report from the NC Clean Energy Technology Center. Nationwide, shared solar had its biggest growth spurt ever in 2024, rising 35% from 2023 to reach a cumulative 8.6 gigawatts of installed capacity, according to Wood Mackenzie. Now, the idea is gaining momentum among conservatives.
Not only are GOP lawmakers introducing and signing on to more community solar bills, but other local Republican stakeholders such as chambers of commerce, landowners, and conservative policy groups are also voicing their support, according to the national trade association Coalition for Community Solar Access. The libertarian group Americans for Prosperity is backing Iowa’s HF 404 — alongside Walmart. Last year, in Alaska, several GOP legislators voted for a community solar bill, and the state’s Republican governor signed it into law.
“We’re starting to see … this groundswell that’s happening,” said Matthew Hargarten, vice president of government and public affairs at the Coalition for Community Solar Access.
That Republicans are advocating for solar at the local level comes as something of a surprise given the federal government’s ongoing opposition to clean energy. On Capitol Hill, GOP lawmakers are weighing the repeal of federal tax credits for renewables, and the Trump administration has attempted to claw back billions of dollars Congress authorized for solar and other clean energy projects. At the same time, the executive branch claims its actions are “ensuring America’s future is marked by energy growth and abundance – not scarcity.”
So why is community solar finding fans among some local Republican lawmakers?
These projects brim with benefits, including ones that tap into the conservative principles of free markets and individual property rights, according to advocates.
Community solar policy can attract private investment from third-party developers of these projects, opening up competition in the energy-generation market, which is often dominated by monopoly utilities. All the recently introduced Republican-backed bills would create this competitive structure by allowing third-party-owned projects where they were previously barred, the Coalition for Community Solar Access pointed out.
Companies that own shared solar installations pay property taxes that help fund local schools and emergency services. And these projects provide energy close to where it’s being consumed, which can reduce the costs of building out grid infrastructure to deliver power to far-flung customers.
Plus, community solar can help farmers keep their agricultural land in production. Farmers and ranchers who need to let a few acres lie fallow to regenerate the soil can lease that plot to earn a passive, stable income for 20 or 30 years.
Some of those reasons explain why the American Legislative Exchange Council, the national conservative group known for packaging model legislation for policymakers, supports building community solar and combining it with agriculture, a practice known as agrivoltaics.
“[American Legislative Exchange Council] members have long abided by the fundamental principles of individual property rights and have worked to remove regulatory barriers that impede private landowners from utilizing the value of their property for energy projects, whether they are for solar, wind, fracking, biofuels, or other sources,” Jake Morabito, senior director of the group’s energy, environment, and agriculture task force, said in a statement to Canary Media.
Shared solar also boosts local economies. On average, 5 megawatts of community solar delivers $14 million in local economic activity and supports nearly 100 jobs, according to a nationwide review of economic impact reports released this month by the Coalition for Community Solar Access. At scale, the organization notes, that equates to $2.8 billion in local economic activity and more than 18,000 jobs (direct, indirect, and induced) per gigawatt of new installed capacity.
Plus, the energy bill savings offered by community solar have obvious appeal on both sides of the aisle. Developers often guarantee subscribers a 5% to 20% discount on the energy cost. For example, with a $100 investment, a subscriber could buy $120 worth of electricity.
Each of the state bills currently being considered is tailored to the state’s regulatory environment, but all allow customers to save on power bills.
“Ultimately, for me, it was giving Iowan consumers a choice,” said Iowa state Rep. Hans Wilz, a Republican, in a March interview on why he introduced a community solar bill. Not everyone can afford to put solar panels on their roof, he explained: “This is a way for all Iowans to be able to participate in a solar program.”
That’s a far cry from a common refrain that Lori Saine said she often heard from fellow Republicans during her tenures as a state representative and local official in Colorado: “‘You like China and Biden if you like solar panels.’”
As a commissioner in Weld County, Colorado, Saine helped update the jurisdiction’s code to allow community solar projects, and as a member of the American Legislative Exchange Council, she introduced the group’s model resolution supporting shared solar.
To be sure, even today community solar can be “a political buzz saw for some Republicans, especially if they’re in deep red districts,” which tend to be rural, Saine said. But once people “save some money on their energy bills, suddenly the tune changes really, really fast.”
As for whether the Republican-backed draft laws will pass, “it’s impossible to say,” said Hargarten, with the Coalition for Community Solar Access. Utilities consistently oppose such legislation, according to the group. Still, here’s one encouraging sign: A Montana shared-solar bill cleared both Republican-controlled chambers this month and now awaits the governor’s signature.
We’ll know soon enough the fate of some of these bills. Iowa lawmakers go home May 2, and Missouri legislators follow soon after on May 16. Ohio keeps legislating until Dec. 31.
The rising support for community solar among Republicans is “a kind of awakening,” Saine of Colorado said.
“It’s not a partisan issue if you’re generating an electron, and you’re doing it safer, more effectively, and cheaper, and then delivering that product to consumers who really, really need it — which is, by the way, everyone,” she noted. “That’s a win-win.”
An update was made on April 29, 2025: This story has been updated to reflect that Missouri’s community solar bill passed out of the House’s legislative rules committee on April 29.
A clarification was made on April 30, 2025: An earlier version of this story said that Georgia’s legislative session had ended and that the Georgia Homegrown Solar Act of 2025 is off the table. The story has been updated to clarify that the legislative session is in recess until next year, meaning the Georgia Homegrown Solar Act of 2025 will have to wait until then to move forward.
See more from Canary Media’s “Chart of the week” column.
President Donald Trump’s attacks on federal climate policy and his supply-chain-scrambling tariffs are taking a toll on the clean-energy manufacturing boom.
In the first three months of this year, firms have already abandoned plans to build nearly $8 billion worth of clean energy projects — mostly factories that would have produced everything from grid batteries to electric vehicles, per new data from E2. It’s a dramatic reversal from the Biden era: Between 2022 and 2024, a total of just $2.1 billion in investment was canceled.
The Inflation Reduction Act, signed by former President Joe Biden in August 2022, unleashed a torrent of new clean energy projects.
The manufacturing sector has seen a particularly notable uptick since the law went into effect.
Construction spending on manufacturing began to soar. Well over $100 billion worth of EV assembly facilities, solar-panel factories, battery recycling plants, and more have been announced since the passage of the law, which created tax incentives as well as grant and loan programs for domestic clean-energy manufacturing.
In total, those projects are expected to create over 109,000 permanent jobs nationwide; the U.S. currently has around 12.8 million workers in the manufacturing sector.
But now, under President Trump, the trend has started to go in reverse.
Construction spending on factories has plateaued. Firms are pausing and scaling down investment plans. Others are outright canceling projects due to Trump’s policies: Take Prysmian Group, for example, which earlier this year scrapped its plan to build a $300 million offshore wind cable manufacturing facility at the site of a retired coal plant in Somerset, Massachusetts. For the first time since E2 began tracking the data in 2022, canceled investments in cleantech manufacturing outweigh new investments, and it’s not particularly close.
There are still some new investments happening: $1.7 billion worth in March alone, per E2, including a $200 million Tesla grid-battery factory in Texas. Plus, the vast majority of announced projects have yet to be canceled, paused, or downsized.
But the going is not guaranteed to get any easier.
Trump’s tariffs are causing pain across the U.S. manufacturing sector in general. In an early April survey conducted by the Philadelphia Fed, manufacturers expected new orders to fall sharply over the next six months. And if congressional Republicans decide to rescind the Inflation Reduction Act’s manufacturing incentives, a move that’s on the table, the situation could grow even more dire.
The clean energy industry has had plenty to contend with since President Donald Trump resumed office: rapidly fluctuating tariffs, financial market chaos, and both rhetorical and practical attacks on Joe Biden’s policies to support decarbonization efforts.
Despite those headwinds, stalwart Tennessee-based solar developer Silicon Ranch closed a major equity investment this month, raising $500 million from Danish fund AIP Management. Notably, Silicon Ranch hadn’t even gone out for a fund raise, Chief Commercial Officer Matt Beasley said. But, after CEO Reagan Farr met AIP members by chance at a conference in New York last year, the conversation evolved, and soon Silicon Ranch leaders were flying to Copenhagen to close the deal.
The developer’s last fund raise was $600 million at the start of 2023, under entirely different macroeconomic circumstances: The economy was bouncing back from Covid, and Biden had recently signed the Inflation Reduction Act, unleashing hundreds of billions of dollars to bolster clean energy deployment. In contrast, Silicon Ranch’s most recent cash influx comes as the Republican-led Congress ponders whether to eliminate those same tax credits during this year’s budget-making process in Washington.
As an infrastructure investor, AIP has the leisure to look for returns over longer time horizons than, say, a venture capital firm. But Silicon Ranch is planning for growth even amid the Trump-era conditions: The company has already more or less tariff-proofed its operations and is working hard to meet power demand spurred by the same AI growth trend the Trump administration has championed.
The U.S. has been levying tariffs on Chinese solar panels since the Obama administration, when China’s industrial policies boosted manufacturing and helped push American solar manufacturers out of business. U.S. solar developers and installers have adapted to that reality, but lately, tariff policy is changing by the week if not the hour.
Trump announced radically higher tariffs on most of the world in early April. The so-called reciprocal tariffs were slated to hit the Southeast Asian countries that have become major sources of U.S. solar imports since earlier tariffs effectively blocked China. Days later, though, Trump backed down on his “Liberation Day” threat, at least temporarily. But a separate tariff proceeding at the Department of Commerce has just concluded and slaps tariffs up to 3,521% on solar panels from Cambodia, and less astronomical but still substantial rates on Malaysia, Thailand, and Vietnam.
“We’re pretty well insulated from the tariffs,” Beasley said. That’s because the company already reoriented its strategy to buying domestic equipment, in response to the supply chain disruption of the Covid era.
In April 2022, Silicon Ranch unveiled a master supply agreement with First Solar for 4 gigawatts of U.S.-made modules, and subsequently doubled down for another 2.2 gigawatts. That deal built on a longstanding relationship: Silicon Ranch was the first to install First Solar modules in the Southeast, Beasley noted.
The developer also signed a parallel agreement in May 2022 with Nextracker to buy 1.5 gigawatts of U.S.-made solar trackers — which tilt panels toward the sun throughout the day — and later added another 3 gigawatts. That deal anchored Nextracker’s decision to open a torque-tube manufacturing line in Memphis, Tennessee, localizing production of the key component in utility-scale solar trackers.
That domestic procurement strategy looked even better when Biden signed the Inflation Reduction Act in August 2022, instituting tax credits for each unit of the solar supply chain made in the U.S. Now the decision allows for peace of mind compared to navigating the constantly fluctuating import duties.
“With both First Solar and with Nextracker, our domestic supply agreements have got supply availability and price locked in for the next few years,” Beasley said.
Tariff-free supplies only help if there’s still a customer to sell to, but Silicon Ranch is finding plenty in that department, too. The firm installed 950 megawatts last year, ending 2024 with 3.6 gigawatts operating under company ownership; it also signed power purchase agreements for nearly 2 gigawatts of new production across five or six states, Beasley said.
The firm, launched by former Tennessee Gov. Phil Bredesen (D) as he was leaving office in 2011, has always thrived by making large-scale solar happen in regions where it hadn’t been widely adopted, like the Tennessee Valley and Georgia. Now solar developers are finding they don’t have to do much convincing because utilities need all the power they can get to keep pace with growing electricity demand.
Right in Silicon Ranch’s backyard, for example, the Tennessee Valley Authority projects that in the next 30 years it needs to double or triple the capacity it constructed over the past nine decades, the utility’s CEO, Jeff Lyash, has said.
“With load growth being what it is, not just here in the Southeast, but really across the country, there’s a need for kind of an all-of-the-above strategy, regardless of political ideology,” Beasley said. Often “all of the above” is code for preserving fossil fuels in a changing energy mix, but Beasley means that bringing new solar into the mix will help regions fuel economic growth.
“This massive load growth does mean that every electron is valued, but what we say is the most valuable electron is the one which comes to market first,” he explained. “Over the past decade, we’ve proven that solar is not only the lowest cost form of new generation, but it’s also the quickest to deploy.”
To that end, the company is actively constructing its first utility-scale projects in South Carolina, in a deal with utility Santee Cooper and the Central Electric cooperative to source clean power for a Google data center. Silicon Ranch is also building its first project in Louisiana to serve Microsoft.
With all that power demand, compounded by Trump’s pledge to make the U.S. the AI capital of the world, Silicon Ranch doesn’t anticipate its solar developments slowing down any time soon.
.svg)
