In the modern era of US energy dominance, can domestic manufacturing for solar and BESS play a role?

US energy dominance and affordability are two key pillars of President Trump’s political agenda. With the energy mix in the US becoming increasingly a blend of both renewable and fossil-based energy, the modern era of energy independence and affordability will be different from the past. The ongoing resource or fuel element for renewable energy – such as sunlight or wind – is both domestic and free. As a result, ensuring energy independence in a world inclusive of renewable generation focuses more on the sourcing of key components and equipment needed to harness this renewable potential. Today, the supply chains to provide domestically made components for renewables are nascent, creating a great opportunity to build out the sector. 

Building this industry in the US would both add jobs and reinforce energy independence. US policymakers from both the previous and current administrations have stated ambitions to strengthen the country's manufacturing base. The current manufacturing workforce is 25% lower than it was in 2000. Reversing that trend has become a priority for economic and political reasons, therefore creating jobs in rural areas combined with reducing the nation’s reliance on imports should be a political win-win.  

At the intersection of so many important political priorities, it would seem domestic manufacturing of renewable energy components and equipment is an industry set up for success. Regardless of how the on-going debate about the future of energy policy evolves, even taking into account the impacts of the newly approved One Big Beautiful Bill Act (OBBBA), renewables will play a central role in the US energy future, providing low cost and decarbonised energy to a grid with growing demands.   

What is the size of the opportunity? 

Renewable energy installations are expected to grow strongly through the middle of the century. Solar and battery energy storage systems (BESS) will be the fastest-growing technologies over the next 10 years, representing a combined addressable market opportunity for the manufacturing sector of 300-380 GW by 2035 and almost 1,000-1,500 GW by 2050. 

Learn more 

Want to understand how to capitalise on this enormous investment opportunity? Access our complete analysis including detailed market sizing, competitive positioning strategies, policy impact assessments and key investment considerations by filling out the form at the top of the page. 

Plus, learn more about Lens Power and Renewables; the all-in-one platform to help transform the way you make strategic investment decisions in clean energy.