목차
Title page 1
Contents 8
Executive summary 4
Résumé 6
Introduction 9
The new US energy policy: erasing the Biden legacy 10
Boosting oil and gas production 10
Oil: "Chill, Baby, Chill" 10
Natural gas: the ambition to increase exports faces various challenges 12
Alaska: new but costly opportunities 15
Critical minerals and nuclear take center stage 17
Nuclear: high ambitions announced 17
Critical minerals: a change of approach 18
More hydro and geothermal, less wind and solar 19
Risks for the US electricity system 20
Electricity generation: is the administration pushing the right levers? 20
Coal: is a comeback realistic? 22
Gas plants: will new assets be ready on time? 22
Solar and wind power overlooked despite strong potential 23
Electricity grid: the Achilles heel of the electricity system 26
A poorly interconnected country 26
Two critical pieces of legislation to develop a national-scale grid 28
The US cleantech industry, from boom to bust? 31
Tough times for the US cleantech industry 31
The One Big Beautiful Bill Act: a direct hit to the cleantech sector 35
A strategy that raises questions 39
Perspectives: Is the energy dominance agenda empowering China? 41
Figures 10
Figure 1. Trends in US crude oil, natural gas and coal productions, 2000-2024 10
Figure 2. Oil and gas rig counts in the US, January 2023-August 2025 11
Figure 3. Average US crude oil and petroleum products export by quarter, Jan 2023-May 2025 12
Figure 4. Operational LNG terminals and projects in North America (August 2025) 14
Figure 5. Alaska oil and gas landscape 17
Figure 6. Power outage risk and fossil fuel or nuclear capacities to be retired in the next ten years by region, according to the 2024 NERC assessment 21
Figure 7. Share of US electricity generation by source, 2010-2024 24
Figure 8. Generation per capacity ratios for wind and solar energy sources in selected countries, 2023 25
Figure 9. Comparison between changes in electricity consumption and installed electricity capacity in the US, with 2019 as the base year (100), based on current... 25
Figure 10. SAIDI (power supply interruptions per consumer) in the US, 2013-2023 26
Figure 11. Ratio of interregional transfer capability to peak demand for the US regions, 2023 27
Figure 12. High and extra-high voltage power transmission line additions in the US, 2010-2024 28
Figure 13. Share of low-carbon technology products among total exports, 2023 31
Figure 14. US Exports of low-carbon technology products, USD billion, 2016-2023 31
Figure 15. Wind installations by primary original equipment manufacturer, 2019-2024 32
Figure 16. US solar PV, wind turbines, batteries, and EVs supply chain current (Q1-2025) and expected capacities 34
Figure 17. Main OBBBA changes to the IRA energy tax credits 36
Figure 18. Share of non-hydroelectric renewable energy sources in Democratic (blue) and Republican (red) states' electricity mix in March 2025 38
Figure 19. Investments in clean technology manufacturing in the US, 2022-Q1-2025-Q2 40
Figure 20. US and China exports and imports of low-carbon technology products, 2000-2023 42
