The newest US EIA and FERC knowledge replicate a decade of explosive photo voltaic and wind progress – right here’s the way it breaks down.
The SUN DAY Marketing campaign reviewed EIA’s newest month-to-month “Electrical Energy Month-to-month” report (with electrical technology knowledge by June 30, 2024) and in contrast it to EIA’s knowledge for June 30, 2019 and for June 30, 2014. It additionally examined FERC’s newest month-to-month “Vitality Infrastructure Replace” report (with put in producing capability knowledge by June 30, 2024) and likewise in contrast it to FERC’s knowledge for June 30, 2019 and for June 30, 2014.
The put in US producing capability mixture of all renewable power sources (i.e., biomass, geothermal, hydropower, photo voltaic, and wind) now totals 389 gigawatts (GW). That’s over 50% larger than 5 years in the past (258.58 GW) and greater than double the renewable power capability that existed a decade in the past (190.26 GW). A lot of the progress is due to new photo voltaic and wind capability.
Equally, electrical technology by renewables has proven sturdy progress. Ten years in the past, renewables supplied 14.28% of the nation’s electrical technology. 5 years later, it had grown to twenty.11% and right now stands at 26.01%. Once more, many of the improve is because of wind and photo voltaic.
For the primary half of 2024, renewables, together with small-scale photo voltaic, supplied 549,339 gigawatt-hours (GWh) {of electrical} technology. That’s nearly 40% greater than the quantity renewables generated within the first half of 2019 (399,586 GWh) and almost double the output reported for the primary half of 2014 (287,136 GWh).
Over the previous decade, wind has grow to be a pacesetter
Ten years in the past, hydropower boasted about 62% extra capability than wind (99.64 GW vs. 61.45 GW) and generated 40% extra electrical energy (140,659 GWh vs. 99,739 GWh).
5 years later, the 2 have been almost equal in each capability (hydro: 100.73 GW vs. wind: 98.86 GW) and electrical technology (hydro: 153,790 GWh vs. wind: 154,338 GWh).
Now, nonetheless, wind has definitively overtaken hydropower with 152.64 GW of put in capability in comparison with that of hydro (100.88 GW) in addition to 247,435 GWh of precise electrical output in the course of the first six months of 2024 in comparison with 126,139 GWh from hydro.
As of mid-2024, wind accounted for 11.72% of whole US electrical technology. 5 years prior, it was 7.77%, and a decade in the past, its share (4.96%) was lower than half of right now’s determine.
Wind’s share of whole put in producing capability as of June 30, 2024, was 11.75% – a big improve from its 8.25% share 5 years earlier and 5.26% a decade in the past.
Photo voltaic is the fastest-growing supply of latest capability and technology
Previously decade, photo voltaic has ballooned from a fraction of a % of each capability and technology to grow to be the second-largest renewable in each classes.
On the finish of June 2014, utility-scale photo voltaic supplied a mere 9.25 GW (0.75%) of whole put in US producing capability. Technology by utility-scale photo voltaic (8,535 GWh) was solely 0.42% of the US whole and EIA wasn’t even reporting technology by distributed, small-scale (i.e., <1 MW) techniques but.
Nevertheless, 5 years later, photo voltaic capability (39.13 GW) accounted for 3.27% of whole utility-scale capability. Precise technology by utility-scale amenities within the first half of 2019 had risen greater than fourfold to 36,042 GWh (1.81% of the overall) with small-scale photo voltaic contributing a further 17,520 GWh (0.88%).
By the center of 2024, put in photo voltaic capability had risen to eight.99% of whole utility-scale capability. Utility-scale techniques generated 102,614 GWh (4.86%) and small-scale techniques added one other 42,449 GWh (2.01%).
This price of photo voltaic and wind progress has defied expectations. Three years in the past, FERC had projected that put in utility-scale photo voltaic capability would attain 105.04 GW by mid-year 2024. Photo voltaic’s precise capability right now is 11.2% greater than FERC’s earlier forecast. As well as, wind’s put in capability is now 2.4% larger than FERC had anticipated.
Hydropower and geothermal ebbs and flows, biomass drops
Over the previous decade, the put in capability of hydropower has edged up very slowly from 99.64 GW in June 2014 to 100.73 GW 5 years later and 100.88 GW right now. As a result of the put in capability of all power sources mixed has grown by over 8% in the course of the previous 10 years, hydropower’s share of capability has progressively declined from 8.57% in 2014 to eight.41% in 2019, to 7.77% in 2024.
Electrical technology by US hydropower amenities has ebbed and flowed from yr to yr. For instance, it was 140,65 GWh within the first half of 2014 (7% of the overall) after which 153,790 GWh in mid-2019 (7.74%) and is now 126,139 GWh (5.97%) for the primary six months of 2024.
Electrical technology by biomass, in addition to its share of put in producing capability, has been on a gradual decline for the previous 10 years. FERC knowledge point out that utility-scale biomass capability dropped from 16.05 GW (1.37% of the overall) in mid-2014 to 16.02 GW (1.34%) in mid-2019 to 14.54 GW (1.12%) in mid-2024. Correspondingly, precise electrical technology fell from 30,095 GWh (1.50%) in the course of the first half of 2014 to 29,520 GWh (1.49%) 5 years later after which to 23,062 GWh (1.09%) this yr.
The smallest renewable power supply – geothermal – has proven a sample just like that of hydropower. Its put in capability has risen barely from 3.87 GW in 2014 to 4.14 GW right now, whereas its share of the US whole has persistently hovered round 0.32-0.33%. Precise technology has ebbed and flowed over the previous decade offering 8,108 GWh (0.40%) within the first six months of 2014, then 8,376 GWh (0.42%) within the first half of 2019, and now 7,640 GWh (0.36%).
“However minimal adjustments within the contributions by hydropower, biomass, and geothermal, renewable power sources have doubled their share of US producing capability and electrical output over the previous 10 years due to explosive progress by each wind and photo voltaic,” famous the SUN DAY Marketing campaign’s govt director Ken Bossong. “If the traits of the previous decade proceed, renewable power sources may account for 40% or extra of capability and precise technology by 2035.”
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