US Corporate & Industrial Clean Energy Procurement Surpasses 100 GW

Corporate and industrial customers in the US have surpassed 100 GW milestone for voluntary clean energy procurement since 2014, according to the Clean Energy Buyers Association (CEBA).  

This equals 41% of all clean energy added to the US grid over the last decade, and over 2.8% of all generation on the US grid. For the sake of clarity, CEBA explains that 1 GW is enough to power more than 750,000 households annually.   

Of the more than 100 GW contracted, at least 54 GW of corporate-backed clean energy capacity is now operational in the country, says CEBA that tracks publicly announced clean energy procurement by corporate customers.   

It includes 21.7 GW procured in 2024 which is the highest annual total to date. Solar energy drove this capacity addition with 73% share, followed by 11% of wind, and 7.7% of battery storage projects. Nuclear energy contributed 6.7% of the total while geothermal’s share was 0.5%.  

CEBA CEO Rich Powell opined, “As electricity demand continues to grow, our members also are pursuing innovative ways to add more clean, firm resources to the grid, to ensure they can power their operations and help grow our nation’s economy with carbon emissions-free energy.” 

Close to 80% of the offtake capacity was contracted through power purchase agreements (PPA), followed by utility and tax equity arrangements.  

CEBA’s 2024 Deal Tracker notes that since 2014, 235 corporate and institutional customers have transacted for clean energy in its database, including 20 first timers in 2024.   

In an earlier report, the US Solar Energy Industries Association said it was the technology companies driving the offtake of clean energy in the country to feed their growing data center portfolio (see US Businesses Have Installed Around 40 GW Solar Capacity, Says SEIA).