CEBA Statement on Passage of One Big Beautiful Bill Act

American energy abundance is needed to meet the ever-increasing demands of a growing American economy

On passage of the One Big Beautiful Bill Act, Rich Powell, CEO of the Clean Energy Buyers Association (CEBA), today noted:

“The Clean Energy Buyers Association (CEBA) recognizes lawmakers for their hard work and dedication in advancing the One Big Beautiful Bill Act during a time of complex economic and energy challenges. We recognize the difficult decisions involved in balancing fiscal priorities with long-term national interests.

As the voice of the largest energy buyers in America, whose total demand is greater than any U.S. state and growing fast, we regret that the tax credits for solar and wind are being sunset at a difficult time when we need all energy options to support unprecedented electricity growth in America. We do acknowledge and appreciate the work of President Trump and Congress in expanding the critical policies needed for clean firm energy, such as nuclear, batteries, and geothermal, to support the next generation of carbon emissions-free energy resources.

America’s energy dominance depends on our ability to lead in the technologies of the future and to continue to invest in all forms of clean energy. We urge continued collaboration to ensure carbon emissions-free energy remains a central pillar of our national strategy.

CEBA and its members are excited about President Trump and congressional leaders’ commitment to turning to fundamental reforms to our national permitting system to dramatically speed up new projects. We stand ready to work with them to build an energy industry that enhances U.S. competitiveness, energy security, and economic growth.”

CEO Statement on Energy Credits in U.S. Senate Finance Committee Bill

By Rich Powell, CEBA CEO

The Clean Energy Buyers Association must express disappointment with the outcome of the U.S. Senate Finance Committee’s efforts on energy credits. The early phaseout of tax credits for solar and wind is concerning, since these are the most readily available sources of electricity and essential to winning the artificial intelligence (AI) race and meeting the needs of advanced manufacturing. Pulling back on these resources too quickly will raise electricity prices for American families across the country, reduce economic output by $31 billion, and eliminate 160,000 jobs due to higher energy costs. 

We do appreciate the committee’s efforts to balance the twin goals of ensuring U.S. taxpayers are not subsidizing Chinese manufacturers while rapidly delivering energy to an economy that is critically short of electricity at this important time. 

Preserving American energy credits is a fiscally responsible way for Congress to foster U.S. economic growth, attract private investment, expand domestic energy production, and reduce energy costs for American families and businesses. 

We urge Congress to preserve all clean energy credits to keep electricity low cost and America globally competitive.  

Clean Energy Buyers Association Releases New Analysis on Technology-Neutral Energy Credits

$31 billion in economic losses would occur across 28 states, with 160,000 jobs lost, if federal technology-neutral energy credits are repealed

The Clean Energy Buyers Association (CEBA) today released additional analysis showing that if federal technology-neutral energy credits are repealed, the gross domestic product (GDP) across 28 states would decrease $31 billion and 160,000 jobs would be lost.

This new data for nine additional states builds on a previous study, Economic Impacts of Repealing Technology-Neutral Tax Credits, commissioned by CEBA and performed by NERA Economic Consulting, which was released last month. That report found that in 19 states, significant job losses, higher electricity and natural gas prices, and lower economic growth would occur if the technology-neutral federal investment (§48E) and the production energy credits (§45Y) are repealed.

“There is no question that removing tech-neutral energy credits would cause economic harm and job losses and drive up electricity prices in more than half the country,” said CEBA CEO Rich Powell. “Preserving these pro-growth energy credits is a fiscally responsible way for Congress to foster U.S. economic growth, attract private investment, expand domestic energy production, and lower costs for American families and businesses.”

Earlier this year, CEBA released a study by NERA Economic Consulting showing that repealing the federal clean energy technology-neutral investment (§48E) and production tax credits (§45Y) would raise average U.S. residential electricity prices by nearly 7% by 2026 — equating to an average yearly increase of more than $110 for American residential customers.

The analysis of the nine additional states released today found that if the federal tax credits were repealed:
Texas would lose 10,200 jobs and experience a $5.6 billion decrease in state GDP.
Idaho would experience a $1,920 average loss in annual household income and a $1.4 billion decrease in state GDP.
Louisiana would experience an 11.3% increase in electricity prices for households and a 13.8% increase in electricity prices for businesses.

New State Findings:

Alaska:
• 600 fewer jobs
• $170 average loss in annual household income
• 0.8% increase in electricity prices for households
• 0.9% increase in electricity prices for businesses
• 2.5% increase in natural gas prices for households
• 4.3% increase in natural gas prices for businesses
• $50 million decrease in state GDP

Idaho:
• 1,470 fewer jobs
• $1,920 average loss in annual household income
• 6% increase in electricity prices for households
• 7.4% increase in electricity prices for businesses
• 4.2% increase in natural gas prices for households
• 6% increase in natural gas prices for businesses
• $1.4 billion decrease in state GDP

Indiana:
• 4,000 fewer jobs
• $190 average loss in annual household income
• 6.1% increase in electricity prices for households
• 7.5% increase in electricity prices for businesses
• 3.2% increase in natural gas prices for households
• 4.4% increase in natural gas prices for businesses
• $1.27 billion decrease in state GDP

Louisiana:
• 520 fewer jobs
• $530 average loss in annual household income
• 11.3% increase in electricity prices for households
• 13.8% increase in electricity prices for businesses
• 2.5% increase in natural gas prices for households
• 6.7% increase in natural gas prices for businesses
• $1.8 billion decrease in state GDP

Montana:
• 590 fewer jobs
• $170 average loss in annual household income
• 8% increase in electricity prices for households
• 9.3% increase in electricity prices for businesses
• 3.7% increase in natural gas prices for households
• 4.1% increase in natural gas prices for businesses
• $190 million decrease in state GDP

North Dakota:
• 810 fewer jobs
• $330 average loss in annual household income
• 6% increase in electricity prices for households
• 8.9% increase in electricity prices for businesses
• 3.3% increase in natural gas prices for households
• 6.4% increase in natural gas prices for businesses
• $380 million decrease in state GDP

South Dakota:
• 1,270 fewer jobs
• $170 average loss in annual household income
• 11.7% increase in electricity prices for households
• 14.6% increase in electricity prices for businesses
• 3.8% increase in natural gas prices for households
• 5.2% increase in natural gas prices for businesses
• $60 million decrease in state GDP

Texas:
• 10,200 fewer jobs
• $290 average loss in annual household income
• 3.9% increase in electricity prices for households
• 6.4% increase in electricity prices for businesses
• 1.8% increase in natural gas prices for households
• 7.3% increase in natural gas prices for businesses
• $5.6 billion decrease in state GDP

Utah:
• 1,250 fewer jobs
• $100 average loss in annual household income
• 4.2% increase in electricity prices for households
• 5% increase in electricity prices for businesses
• 3.5% increase in natural gas prices for households
• 4.8% increase in natural gas prices for businesses
• $280 million decrease in state GDP

The study released in May discussed the adverse economic impacts of repealing the technology-neutral energy credits and how, in the absence of other available technologies, gas generation would try to fill the gap and ultimately result in constrained generation availability and higher economy-wide energy costs. Elevated electricity and natural gas prices would create economic stress that would slow power sector growth, dampening new investment and further constraining energy supply.

Behind the Scenes with MISO: What We Learned on the Grid Operator Tour at CEBA Connect

At CEBA Connect: Spring Summit 2025, a small group of attendees had the rare opportunity to go behind the scenes with the Midcontinent Independent System Operator (MISO) and get a firsthand look at how the grid operator keeps the power flowing across a vast region — all while navigating the clean energy transition.

“MISO Does its Homework in Public”

That memorable quote from the tour set the tone for what makes MISO so unique. MISO doesn’t own the wires or the power plants — it manages the flow of electricity across 77,000 miles of transmission lines, ensuring reliability for more than 45 million people. Think of MISO as the air traffic controller of the electric grid: coordinating the movement of electricity from where it’s generated to where it’s needed, safely and reliably, 24/7/365.

But unlike air traffic control, MISO’s work is done out in the open — through a collaborative, stakeholder-driven process that brings together utilities, developers, regulators, and clean energy buyers.

Why Grid Planning is So Complex (and Important)

Getting a lot of stakeholders moving in the same direction takes time.

During the tour, MISO staff highlighted one of their biggest current challenges: the interconnection queue. Right now, over 350 gigawatts of new generation are waiting to be studied in the MISO region — an astounding number that reflects growing demand for clean energy and a surge in proposed wind, solar, and storage projects.

To tackle this “queue clog,” MISO has adopted a cluster study approach, grouping similar projects and studying them together at shared grid nodes. This helps streamline the process and makes it more efficient than the traditional “first-come, first-served” method.

Picking Up Speed — But Still Facing Headwinds

Compared to other regional grid operators, MISO has made strides in speeding up its interconnection process. But the scale of interest in clean energy — paired with aging infrastructure and regulatory complexity — means challenges remain.

Still, MISO is moving forward. The organization is focused on balancing three core goals: sustainability, reliability, and affordability. With historic levels of wind and solar integration (including a record solar peak in February 2025), it’s clear MISO is adapting to a new energy era.

A Shared Mission for a Cleaner Grid

For CEBA members, the tour was an important reminder: the energy transition doesn’t just require new technologies or bold climate commitments. It also requires deep collaboration — with grid operators like MISO who are building the future of power, one transmission study at a time. One of the most memorable moments of the tour was getting to see a MISO control room — the nerve center where grid operators monitor conditions in real time and keep the system balanced 24/7. Even better, MISO makes much of this data publicly available on its website, including real-time information on grid conditions, electricity demand, and the current mix of fuel sources. It was incredibly impressive to see that level of transparency and technical sophistication up close. To learn more about MISO and track live statistics check out their website and follow them on LinkedIn and X. A huge shout out to CEBA Connect: Spring Summit Sponsor, Sol Systems, for sponsoring this tour.

CEBA Connect: Spring Summit 2025 Highlights, Insights, and What’s Next

It’s been three weeks since we wrapped CEBA Connect: Spring Summit 2025, and we’ve just about recovered from the energy, insights, and excitement of an unforgettable few days in Minneapolis, MN.

From powerful mainstage moments to deep-dive breakout sessions and one very memorable after-hours party, this year’s summit was a celebration of what’s possible when the clean energy community comes together.

This year’s summit brought together 786 registrants, featured 104 speakers, and was supported by 19 sponsors. Across the event, attendees engaged in 42 conversation topics, 30 breakout sessions, 2 receptions, and even a tour of MISO’s operating room. The energy was electric on our main stage, and we had an unforgettable after-hours party.  

From deep dives on global energy markets to first timer-friendly primers, the summit delivered real-time takeaways for clean energy buyers, providers, and partners alike. We heard from industry leaders, exchanged strategies with peers, and tackled the most pressing challenges facing clean energy today.

Highlights from the Main Stage

CEBA CEO Rich Powell took the stage to deliver his State of the Market address — a powerful reflection on how far we’ve come and where we’re going as a clean energy community. Watch it here

From federal policy shifts to the future of market reform and procurement innovation, Rich reminded us why bold leadership and shared purpose are more critical than ever.

For more check out our blog: Five numbers you need to know about this year’s State of The Market Report.

Huge Thank You

To our attendees, sponsors, speakers, and CEBA staff: Thank you for making this summit a dynamic, inspiring, and action-packed experience. Your energy fuels this community — and your commitment drives real impact.

See You in Seattle in 2026!

We’re already looking ahead to CEBA Connect Spring Summit 2026 — and we’re thrilled to announce that we’ll be back in Seattle! Stay tuned for dates and registration details.

Miss us already? You don’t have to wait until next spring to reconnect with the CEBA community.


📅 Register for VERGE 25 (October 28–30, San Jose, CA) and save the date for Climate Week NYC (September 21–28, New York City) — we’ll be there, and we hope to see you too.

Until then, keep driving change, building partnerships, and powering progress.

CEBA Calls for Immediate Changes to Greenhouse Gas Protocol’s Scope 2 Revision Process

To maintain a robust voluntary clean energy market, energy buyers support optional granular time and location matching and recognize market realities require flexible options

The Clean Energy Buyers Association (CEBA) today sent a letter to the Greenhouse Gas Protocol’s Independent Standards Board calling for the Protocol’s ongoing Scope 2 revision process to keep hourly and location accounting optional and include increased dialogue with energy buyers. The letter notes “CEBA and its members are invested in the success of this revision, to build on over a decade of progress. The Scope 2 Guidance should continue its pivotal role in catalyzing, not limiting, corporate climate action to accelerate grid decarbonization.”

“Energy buyers’ purchasing power drives grid decarbonization, and the Greenhouse Gas Protocol should enhance its engagement with energy buyers, to ensure voluntary procurement of clean energy continues to advance,” said CEBA CEO Rich Powell. “CEBA members support keeping optional hourly and location-based accounting for emissions and recognize mandatory matching is infeasible in many markets and would hinder energy buyers’ efforts to procure carbon emissions-free electricity. The Protocol’s Scope 2 Guidance should recognize market realities and the need to preserve and enable voluntary clean energy procurement under a variety of market conditions.”

The letter emphasizes the key role of the current Scope 2 Guidance in catalyzing corporate clean energy procurement. Commercial and industrial customers in 2024 surpassed a landmark 100 gigawatts (GW) of clean energy procurement since 2014, and energy customers announced 21.7 GW in voluntary procurement deals last year alone, making 2024 the highest year to date, according to CEBA’s 2024 Deal Tracker. That momentum could be hindered without changes to the Greenhouse Gas Protocol’s ongoing revision process.

CEBA’s letter today to the Protocol’s Independent Standards Board notes that a majority of CEBA members would face serious implementation challenges with a mandatory time and location accounting approach. “Buyers are already experiencing procurement challenges in many markets under current market boundaries,” the letter states.Tightening market boundaries in the United States and European Union would exacerbate the challenges and could lead to less procurement in those markets.”

To keep the revision process credible and ensure the revised Scope 2 Guidance will remain highly relevant, CEBA’s letter urges the Independent Standards Board to:

• Increase and enhance engagement with energy buyers.
• Make necessary adjustments before the public consultation phase.
• Align the consequential metric development to the Scope 2 Guidance timeline.



CEBA CEO Rich Powell: Securing America’s Affordable Energy Future

Find out more about our research conducted by NERA Economic Consulting showing that repealing the federal technology-neutral investment (§48E) and production (§45Y) tax credits would bring adverse economic impacts and result in higher electricity prices for U.S. households and businesses.

CEBA CEO: Global Energy Market Reflects Generational Shift in How Energy is Produced and Consumed

Five Numbers You Need to Know About This Year’s State of the Market Report 

Clean Energy Buyers Association (CEBA) CEO Rich Powell presented CEBA’s annual State of the Market report at the organization’s Spring Summit in Minneapolis, noting, Corporate energy customers are not just buyers of clean energy; they are market-makers who drive 21st-century industries to expand the backbone of economic development in the United States and abroadThe future is bright for CEBA, its members, and all the stakeholders who can benefit from a low-cost, reliable, carbon emissions-free global electricity system.” 

Here are the highlights of the State of the Market presentation: 

100 Gigawatt (GW) Milestone 

100 GW is a new milestone and how much corporate energy buyers are shifting demand for clean energy: “In 2024, commercial and industrial customers brought total clean energy deal capacity up to 100 GW. This is not just a milestone, but a market shift. These energy customers are shifting the composition of the U.S. grid. Nearly three percent of clean energy generation on the U.S. grid comes from commercial and industrial customers completing deals. This growth is not just confined to the United States. In the Asia Pacific region, corporate power purchase agreements (PPAs) tripled from 2020 to 2023, to 10 GW. Demand for more clean energy deals is growing, to achieve low-cost, reliable, carbon emissions-free global electricity systems.” 

35-50% growth expected 

Electricity demand is expected to grow 35-50 percent in the United States by 2040: “This significant growth is necessary to meet the demand from different sectors of the economy. Sectors like technology, manufacturing, healthcare, and retail are making bold commitments, diversifying the corporate clean energy customer profile. In the United States, electricity demand is expected to grow 35-50 percent by 2040. Corporate energy customers are essential to financing clean energy projects to meet this demand. 

70% solar 

That’s how much solar procurement is leading the pack within new clean energy capacity: “Corporate energy customers are creating a portfolio of myriad sources of clean energy. Solar energy leads the pack, accounting for 70 percent of new clean energy capacity procured by energy customers. However, geothermal and nuclear are growing rapidly. Nuclear accounted for 6.7% of announced capacity last year, but its high capacity factor means it is anticipated to generate over 22% of the energy output expected from the announced capacity — surpassing wind’s projected 13%.”  
 

Possible 8.4% price increase 

Electricity prices could increase 8.4% without U.S. federal production and investment tax credits: “The technology-neutral Clean Electricity Production (45Y) and Clean Electricity Investment (48E) federal tax credits are essential to keep electricity prices low. Repealing these pro-growth credits could increase prices by 8.4 percent nationally next year, adding $110 to the average household bill. States like Minnesota could see nearly a 10 percent increase. These tax credits are foundational in fostering economic growth and energy security, clearing the path for CEBA members to help enable more investment and innovation in the United States. Congress should retain the tech-neutral tax credits.” 

2050 transmission expansion

According to the latest U.S. National Transmission Planning Study, that’s when transmission capacity will need to be doubled to ensure grid reliability, something that can only be achieved with permitting reform: A major obstacle in deploying investment in clean energy projects is the lack of adequate transmission infrastructure. The Federal Energy Regulatory Commission (FERC) has emphasized the need for long-term transmission planning that integrates corporate commitments. Still, the United States needs to double transmission capacity by 2050 to ensure reliability. A key solution is permitting reform. Permitting modernization that accelerates approvals of clean energy projects and much-needed new transmission capacity is essential.” 

CEBA Joins Carbon Free Alliance to Advance Carbon-Free Energy Globally

Signing at Spring Summit Marks Beginning of Ongoing Collaboration

The Clean Energy Buyers Association (CEBA) and the Carbon Free Alliance (CFA) today held a signing ceremony at CEBA Connect: Spring Summit 2025 to commence their active cooperation to advance global carbon-free energy systems.

Rich Powell, CEBA’s CEO, and Eric Gibbs, CEBA’s senior vice president of global strategy, joined Dr. Hoesung Lee, CFA’s president, and Jinmi Kim, executive director of the Office of the CFA President, at the summit to sign a memorandum of understanding and note CEBA’s ongoing commitment to activate energy buyers and partners to advance low-cost, reliable, carbon emissions-free global electricity systems. CEBA will work with the Carbon Free Alliance to advance its efforts.

The Carbon Free Alliance, based in Seoul, Republic of Korea, aims to expand access to carbon-free energy, establish global carbon-free energy standards, decarbonize hard-to-abate industrial sectors, and reduce the divide between developed and developing countries in climate vulnerability and responses. The objectives of the Carbon Free Alliance align with the Carbon-Free Energy Initiative proposed by the President of the Republic of Korea at the 78th Session of the United Nations General Assembly in 2023.

The Carbon Free Energy Initiative, coordinated by the Carbon Free Alliance, is co-led by the governments of the Republic of Korea and Japan, with participation by the governments of the United Arab Emirates and the Czech Republic. The International Energy Agency is a partner in the endeavor.

The CFA is organizing an effort to design a certification system to promote carbon-free energy usage by businesses, from a technology-neutral perspective. The certification system effort involves collaboration with the Carbon Free Alliance’s member companies as well as the Republic of Korea’s Ministry of Trade, Industry, and Energy.

CEBA plans to participate in Carbon Free Alliance and Carbon Free Energy Initiative events during the World Climate Industry Expo this August in Busan, Republic of Korea, as well as future events where the CFEI and CFA are featured. The August expo aims to foster global consensus on the necessity of carbon-free energy. 

Update to Members on CEBA’s Support for Clean Firm Energy Additions

By Rich Powell

This has been an eventful year for the Clean Energy Buyers Association, and together we are playing a crucial role in advancing low-cost, reliable, carbon emissions-free global electricity systems. Market demand for clean energy remains strong: commercial and industrial customers, many of them CEBA members, in 2024 surpassed a landmark 100 gigawatts (GW) of clean energy procurement since 2014. Energy customers announced 21.7 GW in voluntary procurement deals last year alone, making 2024 the highest year to date, according to CEBA’s 2024 Deal Tracker. Yet it’s clear we will need even more carbon emissions-free electricity in the years ahead to meet rising demand and enable economic growth in the United States and around the globe.

A Wood Mackenzie report released this past January by CEBA found large companies are set to drive an unprecedented demand for at least 275 gigawatts (GW) of carbon emissions-free energy by 2035 from both new and existing electricity load. All of this means we’re at a moment of incredible opportunity. We need much more electricity to enable economic growth.

This demand growth is being driven by the industries and areas of economic expansion of the future: vehicle and building electrification, reshoring and onshoring of manufacturing, data centers, and clean energy manufacturing. With significant load growth forecasted to occur across the United States during the next five years, CEBA members are bringing innovative solutions to meet that electricity demand with clean and firm energy.

CEBA in March co-sponsored a U.S. National Power Demand Study, conducted by S&P Global Commodity Insights and commissioned by the American Clean Power Association, that found U.S. electricity demand is projected to surge 35-50% by 2040, driven by domestic manufacturing growth, data centers, and mass electrification. The study noted that all-of-the-above solutions such as solar and wind energy, energy storage, natural gas, and nuclear generation will play critical roles in meeting that increased demand, strengthening our grid reliability, and fueling economic opportunity across the country.

Globally, nuclear power can play an important role in supplying continuous energy to support successful and cost-competitive operations for energy users. CEBA in March signed a World Nuclear Association pledge supporting the goal of at least tripling global nuclear capacity by 2050.

Grid Strategies in December 2023 published a report on load growth across the United States that found from 2022 to 2023, grid planners nearly doubled the five-year load growth forecast.  Princeton University’s Net-Zero America final report shows our generation needs to double or quadruple by 2050, and clean electricity is a linchpin for that growth. The report forecasts that low- or zero-carbon electricity would need to reach 70-85 percent by 2030 and hits 98-100 by 2050. The report notes that to ensure reliability, up to 1,000 GW of firm generating capacity through all years will be needed, with gas plants burning hydrogen blends, and when solar and wind expansion are constrained, natural gas plants with carbon capture and nuclear plants will need to expand to pick up the slack.

Regarding global scenarios, the Intergovernmental Panel on Climate Change has modeled that carbon emissions-free generation sources such as nuclear and fossil fuels with carbon capture — in concert with solar, wind, hydro, and geothermal resources — will constitute a significant portion of a carbon emissions-free energy system. A very broad suite of carbon emissions-free technologies will be needed to fully decarbonize a MUCH larger grid.

CEBA members are leading that transition. Of the 21.7 GW procured last year, solar energy comprised 73 percent of capacity, followed by wind at 11 percent, and battery storage increased to 7.7 percent of capacity contracted in the last year. Nuclear energy procurement accounted for 1.5 GW, constituting 6.7 percent of capacity announced, and a 115-megawatt geothermal transaction (0.5 percent of contracted capacity last year) also signaled energy customers’ increasing interest in clean, firm generation resources.

CEBA aims to create the largest collective of energy customers and partners to achieve our vision of customer-driven clean energy for all, and CEBA does not advise on inclusion or exclusion of technologies or strategies toward individual company solution sets. We continue to take a tech-neutral, tech-inclusive approach to our work, as we have always done, and our members have always had a very broad range of perspectives on which carbon emissions-free technologies make the most sense for their unique situations.

Permitting reform, as well as technologies to increase the efficiency of our existing transmission system, including reconductoring, will play crucial roles in meeting electricity demand growth. It’s also imperative to preserve the federal technology-neutral energy tax credits. As a February study for CEBA by NERA Economic Consulting noted, preserving the tax credits would put downward pressure on electricity price inflation, keeping electric bills lower for U.S. households and businesses. 

CEBA will continue advocate for policies that will help our members achieve their procurement goals, and we will continue to help our members understand the pros and cons of various solutions and learn from one another. We look forward to seeing you this week, May 6-8, at CEBA Connect: Spring Summit, where we will continue our conversations around emerging trends and key updates as we forge ahead on the path toward solving the energy market’s greatest challenges.