2023 Annual Utility Decarbonization Report
Change and opportunity. The report that reframed the clean energy transition as a competitive and financial advantage.

Fast Facts
What's Inside
Progress, pressure, and opportunity.
See rankings of 47 investor-owned utilities on their clean energy progress using 2021 data.
Understand why clean energy is both a competitive and financial opportunity for utilities, not just a climate obligation.
Track progress since the 2022 report and identify which utilities have moved and which have not.
Explore strategies for accelerating the pace of change in the race to net zero.
Get data-informed analysis designed to inform and encourage rapid progress across the utility industry.
Report Photos


About This Edition
The urgency and the opportunity, together.
The 2023 report built on the inaugural edition by making a new argument: the shift to clean energy is not just urgent, it is one of the most significant competitive and financial opportunities utilities have ever faced. The report documented progress since 2022 and laid out strategies for accelerating the transition. It also made the case that decarbonizing electricity generation creates a multiplier effect, helping reduce emissions across every industry that depends on electric power.



