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 Q2 2026
- Electric power: Clean electricity investment remained strong in Q2, with solar and energy storage accounting for most investment activity. Q2 investments align with CATF’s earlier expectations that storage would see a strong investment year. The July 4, 2026, “begin construction” deadline for clean electricity tax credits was also a driver for Q2 investment activity, likely boosting investments in solar in the near-term, while increasing energy demand continues to drive interest in energy storage technologies.
- Industry: Policy uncertainty continued to impact investments in the industrial sector, particularly for hydrogen, where investments remain steady but lack any new announced investments in Q1 or Q2 2026. However, despite modest investment this quarter, several carbon management projects progressed on permitting and project milestones in Q2.
- Manufacturing: Battery manufacturing led Q2 investments and solar and critical minerals sectors also saw new Q2 announced investments. Battery manufacturing and installation experienced a record quarter driven by utility investments. Domestic clean energy supply chains continue to attract investments to meet rising energy demand and achieve energy security, and to comply with domestic content requirements for clean energy tax credits.
Q2 2026 analysis | Q1 2026 analysis | Q4 2025 analysis | 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.
Analysis: Taking Stock of Energy and Climate Policy Since 2020
While recent executive and legislative actions have undermined progress toward American clean energy leadership, energy affordability, and air pollution reduction, a broad look at federal action since 2020 shows resilience in bipartisan clean energy policy. CATF’s analysis finds bipartisan support for clean firm energy endures in an era of federal policy uncertainty.
Federal policy opportunities
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