North America Alternative Energy "Summer 2026 Clean Energy Level Set" Windham

Research evidence excerpt

North America Alternative Energy "Summer 2026 Clean Energy Level Set" Windham

Global Research

14 July 2026ab

North America Alternative Energy Equities

North AmericaSummer 2026 Clean Energy Level Set

Electric Utilities

Jon Windham, CFA

Storage flood continues Analyst

Storage+solar deployments continue to dominate new electricity generation capacity jon.windham@ubs.com

additions in the U.S., a key take-away from this note which provides an update on +1-617-478-4711

electricity data as of Apr-2026 YTD. David Choe

Associate Analyst

Apr-2026 YTD utility-scale storage capacity additions were 5GW, +57% y/y and david.choe@ubs.com

2.6x the 2024 pace. As of Apr-2026, the U.S. had 27GW of battery capacity in the +1-212-882 5714

pipeline that is already approved, under-construction or completed and awaiting

Will Wilson

interconnection. 39% of the approved storage pipeline is in Texas.

Analyst

See: U.S. Battery Storage Flood - Revisited will-za.wilson@ubs.com

+61-2-9324 3848

U.S. capacity additions

Total U.S. utility-scale capacity additions (including storage) Apr-2026 YTD were

16GWac, 77% of which was solar and storage. Solar installations through Apr-2026

were -19% y/y. As of Apr-2026, the U.S. had 126GWac of generating capacity in the

pipeline that is already approved, under-construction, or completed and awaiting

interconnection with 85% of the total being either renewables or storage.

U.S. electricity generation Apr-2026 YTD: +2.1%

Apr-2026 incremental U.S. generation of +27TWh was met by Solar +21 / Nat gas +14 /

Hydro +14 / Wind +6 / Coal -28TWh. Renewables accounted for +40TWh of

YTD generation compared to fossil fuel decline of -14TWh.

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