Clean Energy Spending Tracking Toward Record $180 Billion in 2026
Iraq Wants to Double Oil Output—and Needs OPEC to Get Out of the Way California’s hydrogen fueling network is… Haley Zaremba is an energy journalist and researcher with more than a decade of professional experience covering global energy systems, land and natural resources, and… Donald Trump is accidentally overseeing a massive buildout of the country’s renewable energy capacity and infrastructure.
Not only are investments in renewable technologies soaring to new highs, the national energy grid is rapidly transforming to accommodate an increasingly solar- and wind-powered energy mix.
Despite massive rollbacks of Biden- and Obama-era clean energy incentives and financial supports, investment in clean energy tech keeps soaring to new heights, buoyed by market forces far outside of the federal government’s control.
Clean energy capital expenditures already reached $74 billion in the first half of 2026, and they’re on track to reach a record $180 billion by the end of the year, according to fintech firm Crux’sState of Clean Energy Finance: 2026 Mid-Year Market Intelligence Report.
“The market is proving resilient,” Crux CEO and co-founder Alfred Johnson was recentlyquotedby Politico’s E&E News.
“We’re seeing a significant amount of investment subsequent to the tax law changes of last year.” SetOilPrice.comas a preferred source in Googlehere.
The insatiable energy demand coming from data center hyperscalers and the artificial intelligence boom has spurred a tidal wave of investment intoall kinds of energy projects, and especially renewables due to their noted advantages when it comes to energy security and affordability.
These advantages have been underscored in recent months by extreme volatility in fossil fuel markets thanks to the war in Iran and resultant supply chain vulnerabilities.
“Renewables and storage continue to be the fastest way to get new electrons on the grid until additional gas-fired generation can be built,” NextEra Energy CEO John Ketchum wasrecently quotedby Reuters.
As a result, we are currently “living in what arguably is one of the best periods to invest in renewables in the US over the last 20 years”accordingto Miguel Stilwell d’Andrade, chief executive officer of Portuguese electric utilities company EDP.
Accordingly, EDP is directing approximately USD $5.3 billion – more than half of its capital expenditures – toward United States renewables projects over the next three years.
All of that renewable energy buildout is being accompanied by a massive and unprecedented uptick in battery storage buildout, resulting in a rapid transformation of the nation’s energy grid.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
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| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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