North America Energy Transition – Sector and Companies Driving Development, 2026
Powered by 
All the vital news, analysis, and commentary curated by our industry experts.
North America’s energy transition has gained pace in recent years, propelled by policy support, strong demand, and technological innovations. The US and Canada have emerged as regional leaders; however, the current US administration may delay the region’s energy transition as the legislative focus shifts away from clean energy technologies and back to conventional energy sources.
• Despite the region’s continued reliance on natural gas and the current US administration’s efforts to expand thermal generation, renewables are rapidly scaling due to substantial cost declines and state-level mandates.
• North America’s energy storage capacity is dominated by the US, which has a strong standing in the current energy storage market. However, its forecasted growth is slower than the global average, as faster expansion in APAC, particularly in China, widens the gap. Tariffs on battery components and restrictions on FEOCS for the US’s 48E tax credit could hamper its development in the region.
• Despite policy rollbacks in the US, North America’s battery electric vehicle market is projected to grow strongly between 2025 and 2035, with a CAGR of 17%. In the US, support for EV adoption is shifting to the state level, whilst Canada’s EV Affordability Program (2026) is targeting improved EV accessibility.
• Driven by the US, North America is the global leader in renewable fuel production, accounting for 50% of global refinery capacity in 2025. Comprehensive federal policies, such as the US’s Renewable Fuel Standard and Canada’s Clean Fuel Regulations, have bolstered the region’s dominance.
• While other technologies have seen rollbacks in federal support under the Trump administration, including cuts to CCUS-focused clean energy demonstration projects, policy for CCUS has largely been preserved.
• North America has the largest active low-carbon hydrogen capacity and a pipeline with comparatively high levels of project maturity. However, market headwinds and policy rollbacks, particularly in the US, continue to cause uncertainty for project development, exemplified by ExxonMobil’s decision to pause its Baytown Hydrogen Project.
Scope
North American leaders in energy transition technologies, Country net-zero targets, Key updates within US's energy transition in 2025, power demand, data centers, renewable power capacity and generation, decommissioning of thermal power, major players in renewable energy, energy storage capacity, major players in energy storage, electric vehicle outlook, EV charging infrastructure outlook, renewable refinery outlook, renewable fuels policies, SAF and renewable diesel capacities, CCUS outlook, facilities adopting CCUS in North America, largest upcoming carbon capture and storage projects, low-carbon hydrogen outlook, regional breakdown of hydrogen capacity, largest upcoming low-carbon hydrogen projects, hydrogen policies
Key Highlights
By 2035, renewables are set to reach a 43% share of North America’s power mix, an increase from its 32% share in 2025. Solar PV, alone, is set to account for 19% of the power mix by 2035.
North America’s energy storage capacity is dominated by the US, which has a strong standing in the current energy storage market, accounting for 15% of global energy storage capacity.
Despite policy rollbacks in the US, North America’s battery electric vehicle market is projected to grow strongly between 2025 and 2035, with a CAGR of 17%.
Driven by the US, North America is the global leader in renewable fuel production, accounting for 50% of global refinery capacity in 2025.
North America is one of the world’s most active regions for CCUS, accounting for 59% of active capture capacity and 40% of planned capacity.
Reasons to Buy
Assess the current regional emissions, thermal and renewable capacity, and generation share, and identify which countries are driving the energy transition in North America
Identify market trends within the industry, including expected 2030 capacities for a range of technologies
Identify who the leading countries and regional players are in renewable energy capacity and energy transition technologies, such as hydrogen and CCUS
Understand the legislative framework laid out by the region’s governments aimed at accelerating the region's decarbonization and energy transition
Berkshire Hathaway
Iberdrola
AES Corp
Repsol
Tesla
Ford
GM
Marathon Petroleum
Chevron Corp
Valero Energy
ExxonMobil
Enhance Energy
Summit Agricultural Group
Avina Clean Hydrogen
Nutrien
Shell
Meta
RWE
Enlight Renewable Energy
Invenergy
Intersect Power
Avantus
Terra-Gen Power
Apex Clean Energy
Orsted
Enel
EDP
Pattern Energy Group
Brookfield Corp
SOLV Energy
Swinerton Renewable Energy
McCarthy Building Companies
Quanta Services
First Solar
M.A. Mortenson
PCL Constructors
EMJ Corp
Rosendin Electric
Bechtel Corp
Canadian Solar
JinkoSolar Holding
Hanwha Solutions
Trina Solar Co
LONGi Green Energy Technology
JA Solar Technology
SunPower Corp
Maxeon Solar Technologies
Waaree Energies
MasTec
Vestas Wind Systems
McDermott International
Renewable Energy Systems Holdings
Siemens Energy
Fagen
Borea Construction
Acciona
General Electric
Nordex
Mitsubishi Heavy Industries
Enercon
Suzlon Energy
Senvion
Clipper Windpower
Goldwind Science & Technology
Southern Co
OCI Holdings
Clearway Energy Group
Aypa Power
Burns & McDonnell
Gridworks
Kiewit Corp
Cox Energy
Ameresco
Candela Renewables
Fluence Energy
Contemporary Amperex Technology
Wartsila Corp
Sungrow Power Supply
Hydrostar
LG Chem
BYD Co
TotalEnergies
Nacero Inc
Gron Fuels LLC
Next Renewable Fuels
Gevo Inc
HIF Global
Azure Sustainable Fuels Corp
World Energy LLC
BW Group
Clean Hydrogen Works
Mitsui OSK Lines
Calpine Corp
Nebraska Public Power District
Air Products and Chemicals
Crescent Midstream
Entergy Corp
Capital Power Corp
Cleveland-Cliffs
Holcim
Pembina Pipeline Corp
TC Energy Corp
Equinor
Occidental Petroleum
BKV Corp
Storegga Geotechnologies
Carbonvertt
Mitsui E&P USA LLC
Meriden Carbon
Blue Sky Infrastructure
TDL Partners
Bluestar Energy Capital
Bear Head Energy
Bakken Energy
Mitsubishi Heavy Industries
Atco Ltd
Suncor Energy
TransGas Development Systems
Table of Contents
Table
Figures
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Sample Report
North America Energy Transition – Sector and Companies Driving Development, 2026 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:
- Assess the relevance of the report
- Evaluate the quality of the report
- Justify the cost
Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.
