Rising US power demand continues to drive momentum for clean energy offtake agreements in 2026, especially in the Midwest and Southwest.

Utilities, hyperscale cloud-computing giants and other corporations signed about 31.2 gigawatts of clean power contracts from January through August, according to S&P Global Energy CERA data.

"The big takeaway from us is momentum isn't slowing," said Tony Lenoir, associate director at 451 Research by S&P Global. "There were questions around that last year because of the new administration, the [One Big Beautiful Bill Act], and the acceleration of the tax credit phase-out and so forth, but it's not slowing down at all."

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