ZACKS·2025-06-11 15:31Core Insights - The renewable energy sector is experiencing significant growth as global awareness and government pressure to reduce greenhouse gas emissions increase, leading to a shift from fossil fuels to renewable sources for power generation [1] - Wind power is emerging as a key driver in the clean energy transition, with the U.S. seeing record levels of electricity generation from wind energy [2][3] Industry Overview - Wind energy has become one of the largest sources of renewable energy in the U.S., generating 10% of total utility-scale electricity in 2024, marking a 6.4% increase from the previous year [3] - The onshore wind energy capacity in the U.S. has grown from 2.4 gigawatts (GW) in 2000 to over 153 GW in 2024 [2] - Wind power accounted for approximately 27% of capacity additions to the U.S. power system on average since 2010 [4] Market Trends - The wind energy market is benefiting from trends such as increased electricity demand from AI-powered data centers, the adoption of electric vehicles, and rapid urbanization [5] - The U.S. grid is projected to add 7.7 GW of wind generation capacity in 2025, up from 5.1 GW added in the previous year [5] Company Highlights - Arcosa, Inc. is positioned to benefit from strong demand for wind towers, with $1.1 billion in new orders following the Inflation Reduction Act (IRA) [9][10] - NextEra Energy Resources LLC is the world's leading generator of wind energy, adding 1,365 MW of new wind capacity in 2024, with a total generating capacity of approximately 26,335 MW [14] - OGE Energy is expanding its renewable generation assets, owning several wind farms and focusing on reducing carbon emissions by over 60% compared to 2005 levels [16][17] - Portland General Electric is planning significant renewable asset additions to meet growing industrial load driven by high-tech and data center customers [12]