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North America Energy Transition: Sector and Companies Driving Development

Strategic Insights

— 2 min read

As the world shifts towards a more sustainable energy mix, the North American energy landscape is undergoing significant changes. The recently added report to ResearchAndMarkets.com's offering provides an in-depth analysis of the sector and companies driving this development in the region. The report highlights key changes implemented by the Trump administration, particularly the recent tariffs, and their impact on energy transition technologies. The report also assesses the development stage and legislative framework for various energy transition technologies, including renewables, energy storage, electric vehicles, renewable fuels, CCUS, and hydrogen.

Key Takeaways:

  • The Trump administration's policies, including the withdrawal from the Paris Agreement and imposition of tariffs, are likely to slow the region's energy transition.
  • Despite this, renewable power capacity additions, particularly solar PV, will enable North America to increase the share of renewable energy in its total power capacity mix from 41% in 2025 to an estimated 61% in 2035.
  • Canada is expected to lead the region with a 72% renewable share in 2035, largely driven by its significant hydropower resources.
  • Other technologies, including energy storage, electric vehicles, renewable fuels, CCUS, and hydrogen, will play pivotal roles in the region's energy transition, but are at varying stages of development and subject to different levels of risk.
  • The report highlights key players in the energy transition technologies, including NextEra Energy, Iberdrola SA, Berkshire Hathaway Inc, and Toyota.
  • The report also assesses the impact of Trump's tariffs on key energy transition technologies and identifies the countries most affected.
  • The report provides in-depth analysis of the development stage and legislative framework for various energy transition technologies, including renewables, energy storage, electric vehicles, renewable fuels, CCUS, and hydrogen.

Statistics:

  • Renewable energy share in North America's total power capacity mix is expected to increase from 41% in 2025 to an estimated 61% in 2035.
  • Canada is expected to lead the region with a 72% renewable share in 2035.
  • Solar PV is expected to play a key role in the region's energy transition, with renewable power capacity additions, particularly solar PV, expected to increase from 41% in 2025 to an estimated 61% in 2035.
  • Energy storage capacity is expected to increase significantly in the region, with a focus on development-stage technologies.
  • Electric vehicle sales are expected to increase, with forecasts indicating significant growth in the coming years.
  • CCUS and hydrogen technologies are expected to play key roles in the region's energy transition, but are at varying stages of development and subject to different levels of risk.

Sources:

  • ResearchAndMarkets.com
  • ((Comments on this story may be sent to newsdesk@closeupmedia.com))

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