Enverus Intelligence® Research (EIR) just released its long-term capacity expansion forecast, projecting rapid growth in solar capacity from 2025-35 alongside a steady battery buildout to bolster grid reliability. That outlook is already materializing. Torch Clean Energy recently selected Fluence Energy to deliver a 640 MWh battery system at its Arizona solar plant, aligning with the trend of colocating renewables with storage to stabilize output.
Corporate demand for clean energy remains strong. Enel North America signed a major solar power purchase agreement with Mars to supply electricity from its Texas portfolio, underscoring continued appetite for renewables even as tax credits phase out.
The forecast also points to accelerated nuclear capacity growth in the long term. Early signs are emerging, with companies like Microsoft restarting legacy nuclear plants such as Three Mile Island, renamed the Crane Clean Energy Center. Last week, Oklo announced a $2 billion partnership with the European firm Newcleo to develop nuclear fuels for U.S. projects.
Amazon also recently unveiled renderings for its Cascade small modular reactor (SMR) in Washington, expected to begin construction at the end of the decade. The Cascade site could host up to 12 SMRs — part of a growing trend among data center operators seeking carbon-free, baseload power.
Research Highlights
- TLN Net Asset Valuation | Have IPPs Overshot the Moon? – EIR’s bottom-up valuation of TLNs generation portfolio and view on the valuation of its equity.
- CCUS Policy Sentiment | States Catching Tailwind – We analyze which state-level policies support CCUS development and which developers are best positioned to benefit.
- Long-Term Capacity Expansion | The Three Eras of Capacity Growth – Our capacity expansion model for the Lower 48, based on forecast load, risked interconnection queues and technology cost curves.
Enverus Intelligence® | Research, Inc. is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations, and macro-economic forecasts, and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. See additional disclosures here.
