North America Energy Transition Research Report 2026: Impacts of Policy Support, Strong Demand, and Technological Innovations
Dublin, May 12, 2026 (GLOBE NEWSWIRE) -- The "North America Energy Transition - Sector and Companies Driving Development - 2026" report has been added to ResearchAndMarkets.com's offering.
North America's energy transition has gained pace in recent years, propelled by policy support, strong demand, and technological innovations. The US and Canada have emerged as regional leaders; however, the current US administration may delay the region's energy transition as the legislative focus shifts away from clean energy technologies and back to conventional energy sources.
Despite the region's continued reliance on natural gas and the current US administration's efforts to expand thermal generation, renewables are rapidly scaling due to substantial cost declines and state-level mandates.
North America's energy storage capacity is dominated by the US, which has a strong standing in the current energy storage market. However, its forecasted growth is slower than the global average, as faster expansion in APAC, particularly in China, widens the gap. Tariffs on battery components and restrictions on FEOCS for the US's 48E tax credit could hamper its development in the region.
Despite policy rollbacks in the US, North America's battery electric vehicle market is projected to grow strongly between 2025 and 2035, with a CAGR of 17%. In the US, support for EV adoption is shifting to the state level, whilst Canada's EV Affordability Program (2026) is targeting improved EV accessibility.
Driven by the US, North America is the global leader in renewable fuel production, accounting for 50% of global refinery capacity in 2025. Comprehensive federal policies, such as the US's Renewable Fuel Standard and Canada's Clean Fuel Regulations, have bolstered the region's dominance.
While other technologies have seen rollbacks in federal support under the Trump administration, including cuts to CCUS-focused clean energy demonstration projects, policy for CCUS has largely been preserved.
North America has the largest active low-carbon hydrogen capacity and a pipeline with comparatively high levels of project maturity. However, market headwinds and policy rollbacks, particularly in the US, continue to cause uncertainty for project development, exemplified by ExxonMobil's decision to pause its Baytown Hydrogen Project.
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