Billions of funds invested in wind solar and storage industries

4 FAQs about Billions of funds invested in wind solar and storage industries

Who invests the most in the energy sector?

Overall, most investments in the energy sector are made by corporates, with firms accounting for the largest share of investments in both the fossil fuel and clean energy sectors.

How much money does the US invest in energy technology?

Investment in deploying technology to decarbonize energy and industrial production in the US totals $178 billion over the past two years, up by 41% compared to $126 billion during the prior two years. Energy technologies accounted for more than 90% of recent investment, with utility-scale solar and storage as the top two at $138 billion.

How much money did the US spend on solar energy?

Purchase and installations of residential and commercial rooftop solar systems, other distributed renewables, fuel cells and battery storage totaled $17 billion, roughly flat year-on-year. Heat pump purchases and installations were also steady relative to the prior four quarters at $22 billion.

What percentage of energy investments are made by private households?

The share of total energy investments made or decided by private households (if not necessarily financed by them directly) has doubled from 9% in 2015 to 18% today, thanks to the combined growth in rooftop solar installations, investments in buildings efficiency and electric vehicle purchases.