U.S. Clean Energy Investments
Tracking clean energy investments in the U.S.
Federal policy has a direct impact on catalyzing private investments in communities across the U.S. CATF tracks private investments in clean energy projects that are eligible for federal incentives (grants, loans, and tax credits) as well as the status of federal policies that support or jeopardize these investments.
U.S. clean energy investments and the impacts of federal policy on those investments
Tracking where clean energy investments are going and for what projects is critical to understanding how federal policies are benefiting communities and strengthening America’s energy system – and what is at stake should they be disrupted.
Click here to view a full screen version of this map.
This map shares information about local private investments stimulated by federal incentives across the United States. The map provides data of investments filterable by state, congressional district, technology, and status. The map also lists eligible tax incentives for investments as available prior to the One Big Beautiful Bill Act and whether access to these incentives may be impacted:
- Full Incentive Eligibility: Announced investments proceeding as planned and not expected to be impacted by recent federal policy changes.
- Incentives Eligibility Impacted: Federal incentives have been narrowed or withheld due to federal (legislative or executive) actions.
- Canceled: Investments that have been publicly announced as canceled.
When you click on a circle on the map, you will find details about the investment, available tax incentives that may be impacted, “other impacts” from federal legislative or executive actions, and project cancellation dates (as applicable). Other federal incentives, like grants and loans, may be available to projects and are not currently reflected in this tracker.
Federal tax credits key
| Technology Sector | Tax Credits |
|---|---|
| Batteries | 45X, 48C |
| Carbon Management | 45Q |
| Cement | 45Q, 48C |
| Clean Fuels | 45Q, 45Z, 48C |
| Critical Minerals | 45X, 48C |
| Electrolyzers | 48C |
| Fueling Equipment | 48C |
| Geothermal | 45Y, 48E |
| Hydrogen | 45V, 45Q |
| Iron and Steel | 45Q, 48C |
| Nuclear Energy | 45U, 45Y, 48E |
| Other Electricity | 45, 48, 45V, 45Y, 45Z, 48E |
| Pulp and Paper | 45Q |
| Sustainable Aviation Fuels | 40B, 45Z |
| Solar | 45, 48, 45Y, 48E, 45X, 48C |
| Storage | 48, 48E |
| Wind | 45, 48, 45Y, 48E, 45X, 48C |
| Zero Emission Vehicles | 48C |
* Note many technology sectors contain subcategories that are eligible for one or more of the tax credits listed for the whole technology sector.
Navigation instructions
Select a state to view data across the entire state. Select a congressional district to view data for a specific district. The topline investment totals will update based on filter selections. Filtered data may be downloaded.
Data contained in this map draws upon data from the Clean Investment Monitor from Rhodium Group and MIT CEEPR and internal analysis done by CATF. For questions about the map, please contact Nataley Williams, Project Manager for U.S. Advocacy and Policy.
Federal policy impacts
CATF publishes a quarterly analysis of how federal policy changes are impacting investments across U.S. states and districts.
Key takeaways from Q4 2025
Uncertainty remained a key driver of investment activity in Q4. The quarter started with what would become the longest federal government shutdown in history, which slowed timelines for projects requiring federal approval. Investors also faced uncertainty while awaiting Treasury guidance that would determine energy tax credit eligibility for current or prospective projects relying on tax credits narrowed by the One Big Beautiful Bill Act (OBBBA). Many federal agency actions also exacerbated this uncertainty, including changes or pauses to permits and announced federal funding cuts for clean energy projects.
- Investment in renewables, including solar and wind, remain steady, signaling federal policy shifts have not been solely determinative for the industry although it is continuing to narrow investments.
- Growing emphasis on battery storage co-located with data centers indicates the storage industry is repositioning to market opportunities, as it shifts to align more closely to current federal policy priorities.
- Recent policies supporting technologies like nuclear fission are likely to translate into increased private investments in future quarters, but will require effective tax credit guidance from Treasury, including workable prohibited foreign entity (PFE)/foreign entity of concern (FEOC) restrictions, to access incentives to fully deploy. Future investments in technologies like hydrogen, SAF, and carbon management will depend on how Treasury administers key tax credits, including how data is reported and verified to qualify for tax credits – which to date has been addressed by the GHGRP. These industries continue to face uncertainty in the current political environment.
Read the Q4 2025 analysis | Read the Q3 2025 analysis
Spotlight on executive activity
DOE announced and considered project award cuts: From May to January, DOE has announced and also considered additional cuts to awarded grants and loans which are additionally impacting projects.
Note: Not all of the announced and considered project award cuts are currently in the investment tracker; more data will be added as available. We will continue to track how investments are impacted in the next quarter by DOE cancellations.
Federal policy opportunities
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