2025年,由于天然气价格上涨、数据中心需求和煤炭反弹,美国电力市场暴涨,而可再生能源增长可能减缓2027年后在预期的政策回落中的增长。 U.S. power markets surged in 2025 due to higher gas prices, data center demand, and coal rebound, while renewable growth may slow post-2027 amid expected policy rollbacks.

2025年12月,美国电力市场呈现出日益波动的态势,由于天然气价格上涨、数据中心和LNG出口需求增加以及电网紧张,煤炭发电率从13%上升到9月。 In December 2025, U.S. power markets show rising volatility, with coal generation up 13% through September due to higher natural gas prices, increased demand from data centers and LNG exports, and grid strain. 尽管风能和太阳能发电646 TWH — — 覆盖煤炭的561 TWH — — 2027年后,由于预期政策倒退,包括取消第二任特朗普政府下的清洁能源税抵免,再生增长可能放缓。 Despite wind and solar generating 646 TWh—surpassing coal’s 561 TWh—renewable growth may slow after 2027 due to expected policy rollbacks, including the elimination of clean energy tax credits under a second Trump administration. 仅在9月,太阳能就增加了2千兆瓦,占2025年新容量的75%,而天然气价格预计到2026年将达到4美元/MMBtu。 Solar added 2 GW in September alone, accounting for 75% of new capacity in 2025, while natural gas prices are projected to reach $4/MMBtu in 2026. 同时,需要观察的最高可再生能源库存包括Quanta Services、WEC能源集团、NOV Inc.、Clearway Energy、HA可持续基础设施资本、NWTN Inc.和Nuvve控股公司,其驱动力是强劲的贸易量以及面临清洁能源基础设施、电动车辆和电网现代化的风险。 Meanwhile, top renewable energy stocks to watch include Quanta Services, WEC Energy Group, NOV Inc., Clearway Energy, HA Sustainable Infrastructure Capital, NWTN Inc., and Nuvve Holding Corp., driven by strong trading volume and exposure to clean energy infrastructure, electric vehicles, and grid modernization.