The USA’s top 10 renewable energy firms by revenue are Constellation Energy Corporation, Duke Energy Corporation & The Southern Company
Renewable power generates about 20% of all electricity generated in the USA — a steadily rising number, according to the Office of Energy Efficiency and Renewable Energy. Relative to energy output, 9.2% is wind-based, 6.3% is hydropower-based, 2.8% solar-based, 1.3% biomass-based and 0.4% geothermal-based. As renewable energy provides for more and more generation of energy, firms that might historically generate energy from non-renewable sources are transitioning as well, striving towards net zero greenhouse gas emissions consistent with national targets, and taking the global transition as a chance to enhance their products and build globally-leading technologies.
These top 10 renewable energy firms in the USA are ranked by revenue and are some of the firms that are storming the emerging renewable energy industry.
1. The Southern Company
The Southern Company is one of the largest producers of clean, safe, reliable and affordable energy, which was started a century ago after James Mitchell was inspired by the hydro potential of Alabama rivers. The corporation is striving toward numerous sustainability targets such as 50% light-duty fleet by 2030, spending US$225m through 2025 to move racial equity and social justice forward and reach 50% reduction of GHG emissions by 2030 (against 2007 levels) — in 2022 the corporation had already recorded 46% reduction.
“For our organization, sustainability is about working well with a wide group of stakeholders to build strategic solutions that will allow us to move to a new energy economy,” states CEO and president Chris Womack.
- CEO: Christopher Womack
- HQ: Atlanta, Georgia
- Revenue: US$29.28b
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2. Duke Energy Corporation
CEO Lynn Good is spearheading Duke Energy ambitious climate targets with a clean energy plan including at least a 50% reduction in carbon emissions by 2030 80% by 2040 and net-zero electricity production by 2050. duke Send is overseeing the big contrived ember retreat inch the diligence and is targeting Send from ember to be inferior than 5% of its number propagation away 2030 and associate in nursing unlimited go away 2035 case to restrictive approvals
“We’re working to accelerate the transition to cleaner energy by adding significant amounts of renewables and energy storage, modernising and hardening the grid through investments in our transmission and distribution infrastructure,” says Good. “We’re exploring zero-emission power generation technologies such as hydrogen and advanced nuclear, extending the life of our existing nuclear fleet, and collaborating with stakeholders and policymakers to advance supportive energy policy.”
- CEO: Lynn Good
- HQ: Charlotte, North Carolina
- Revenue: US$28.77b
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3. Constellation Energy Corporation
CEO: Joseph Dominguez
HQ: Baltimore, Maryland
Revenue: US$24.44b
Constellation Produces over 32400 megawatts of energy and powers over 20 million homes and businesses with clean energy generating over 10% of the country clean energy to fuel the shift. Dominguez manages Constellation clean energy fleet of nuclear wind solar hydroelectric and natural gas plants in 19 states and the country leading competitive retail and commodities business which sells electricity natural gas and other energy-related products and services to two million residential public sector and business customers across the country including over three-fourths of the Fortune 100.
4. Pacific Gas and Electric Corporation
CEO: Patricia Poppe
HQ: San Francisco, California
Revenue: US$21.68b
Organized in 1905 in California, Pacific Gas and Electric Company is a top combined natural gas and electric energy company in the United States, serving natural gas and electric service to about 16 million people in a 70,000-square-mile service territory in northern and central California. The company is committed to a net zero energy system in 2040—five years ahead of California’s current carbon neutrality goal— as well as increasing renewable electricity by 70% and renewable natural gas by 15% by 2030.
5. NextEra Energy, Inc.
Established in 1925, NextEra Energy is America’s largest capital investor in infrastructure, with US$50bn to US$55bn of new infrastructure investments planned by 2022. NextEra Energy was ranked No. 1 in the electric and gas utilities sector on Fortune’s “Most Admired Companies” list for the 16th time in 17 years in 2023.
- CEO: John W. Ketchum
- HQ: Juno Beach, Florida
- Revenue: US$20.96b
6. American Electric Power Company, Inc.
AEP provides almost 5.6 million customers across 11 states with the largest electricity transmission system in the country, covering over 40,000 miles. Established in 1906, the organization boasts around 25,000 megawatts of varied generating capacity, which consists of over 7,100 megawatts of clean energy.
- CEO: Julie Sloat
- HQ: Columbus, Ohio
- Revenue: US$19.6b
7. DTE Energy Company
DTE is a diversified energy company engaged in developing and managing energy-related businesses and services across the country. Its business units include an electric utility company with 2.3 million customers in Southeast Michigan and a natural gas company with 1.3 million customers in Michigan. The DTE portfolio also comprises non-utility businesses with emphasis on industrial energy services, renewable natural gas, and energy marketing and trading.
- CEO: Jerry Norcia
- HQ: Detroit
- Revenue: US$19.2b
8. Exelon Corporation
Exelon is a Fortune 250 company with over 10 million customers served by six fully regulated transmission and distribution utilities — Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power & Light, PECO Energy Company, and Potomac Electric Power Company.
- CEO: Calvin Butler
- HQ: Chicago, Illinois
- Revenue: US$19b
9. Edison International
Edison International is the parent company of Edison Energy and Southern California Edison (SCE) established from predecessor entities dating back to 1886. The company is presently striving towards numerous sustainability and ESG targets such as more EV charging installations, gender balance in senior operating positions by 2030 and public and worker safety targets.
- CEO: Pedro J. Pizarro
- HQ: Rosemead, California
- Revenue: US$17.2b
10. Dominion Energy Inc
Dominion Energy is on a mission to deliver reliable, affordable and increasingly clean energy. As part of the sustainability plan of the company, Dominion has pledged to cut methane emissions from its natural gas infrastructure by 55% by 2030. Taking inspiration from the picturesque landscapes in Virginia, the company’s wildlife conservation efforts have involved converting 43,000 acres of open space into pollinator habitat, recycling concrete to increase two artificial reefs to provide new fish habitats, and planting 6,000 plants to restore beach grasses to preserve freshwater marshes.
CEO: Robert Blue
HQ: Richmond, Virginia
Revenue: US$17.1b
“Our pillars of sustainability represent the efforts that we are making company-wide and in our communities to build long-term value.”
