Rhodium Group

Nuclear energy capacity is poised to expand in the US if the government and industry can overcome supply chain and financial barriers. However, this energy renaissance will only be possible if key investments are made in precise segments of the critical mineral value chain. In this analysis, Rhodium Group and Rovjok calculate the mineral requirements for a US nuclear build-out of Generation 3+ reactors (e.g., the AP1000 and BWRX-300).

Investment momentum New data from Rhodium Group’s China Cross-Border Monitor (CBM) shows that mainland Chinese companies announced 145 major FDI transactions in Q2 2026 with an estimated total value of $25.5 billion. Greenfield investment reached $20.5 billion, which is slightly below the 2025 quarterly average of $28 billion.

Investment momentum New data from Rhodium Group’s China Cross-Border Monitor (CBM) shows that mainland Chinese companies announced 145 major FDI transactions in Q2 2026 with an estimated total value of $25.5 billion. Greenfield investment reached $20.5 billion, which is slightly below the 2025 quarterly average of $28 billion.

In the second quarter of 2026, clean energy and transportation investment in the United States totaled $75 billion, a 22% increase from Q1 2026 and a 4% jump from Q2 2025. This marks the second-highest quarter of investments on record behind Q3 2025, largely driven by retail investments (56%).

Executive summary It’s time to break out of AI policy myopia. We are in a century-defining AI infrastructure buildout, as well as a mad dash to secure the energy and critical inputs to feed it. Policy attention has fixated on the layers everyone can see today: chips, cloud, and AI models.

Rhodium Group’s Energy & Climate practice uses a multidisciplinary, data-driven approach to produce unique, independent insights into global energy dynamics, greenhouse gas emissions, and climate change. We help public and private decision-makers understand what kind of climate future we are on track for, and what matters most for reducing greenhouse gas emissions—at the local, state, national, and international levels.

The Advanced Manufacturing Production Credit (45X), enacted in the Inflation Reduction Act and modified in the One Big Beautiful Bill Act, was designed to drive domestic manufacturing in clean energy supply chains, reducing US dependence on China and other foreign producers for clean energy and critical mineral components by making domestic manufacturing cost-competitive with imports.

This research note draws on over a month of fieldwork in India in early 2026, which involved interviews with 35 business executives, policymakers, and think tankers in Delhi, Mumbai, and Bangalore, across ten sectors: automotives, chemicals, consumer goods, electronics, furniture, medical devices, pharmaceuticals, semiconductors, shipping, and textiles. India has long underperformed as a manufacturing hub.

ClimateDeck provides comprehensive climate and energy data, analysis, and visualizations from Rhodium Group.

Executive summary Taking Stock is Rhodium Group’s annual independent projection of the future trajectory of the US energy system and greenhouse gas (GHG) emissions under all current federal and state policy. We estimate this trajectory using a range of inputs for key variables to reflect uncertainty in how the system will evolve over time. The largest drivers of uncertainty are the prices of fossil fuels, the evolution of clean technology costs over time, and the pace of growth of the US economy.