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Solar, wind to lead US power generation growth for the next 2 years

Baua Electric

The US Energy Information Administration (EIA) forecasts that solar and wind will lead US power generation growth for the next two years in its latest Short-Term Energy Outlook. The EIA also expects wind power generation to grow 11% from 430 billion kWh in 2023 to 476 billion kWh in 2025. Get started here. –ad*

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How renewables could beat natural gas in US generating capacity within 3 years – in numbers

Baua Electric

For Q1 2024, solar accounted for 86.79% (6,497 MW) of new generating capacity brought online while wind contributed another 12.40% (928 MW). FERC’s data for the first quarter seem to confirm forecasts by multiple sources that solar will dominate new capacity additions in 2024,” noted the SUN DAY Campaign’s executive director Ken Bossong.

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US renewables’ installed generating capacity beats coal

Baua Electric

The new solar capacity reported for January was accompanied by 320 MW of new wind capacity, as well as 44 MW of natural gas, 2 MW of oil, and 3 MW of “other.” The new solar and wind brought the total available installed generating capacity of renewable energy sources (including hydropower, biomass, and geothermal) up to 376.33

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Solar to displace natural gas in the daytime + in summer on the Texas grid

Baua Electric

Solar is forecast to displace natural gas in the middle of the day and in the summer on the Texas grid, according to the US Energy Information Administration (EIA). Wind is still the largest source of renewable power in the state, but the installation of new wind turbine capacity slowed in 2023. GWh and increased to 5.1

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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

China leads the pack with a 40-70% cost reduction in utility-scale solar, onshore wind, and offshore wind compared to other Asia Pacific markets. Wind power isn’t far behind While solar is surging ahead in terms of cost-effectiveness, onshore wind isn’t far behind despite costs being 38% more than solar in 2023.

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IBM releases fifth annual Next Five in Five list of near-term significant innovations; personalized routing for commuting/transportation makes the cut

Green Car Congress

Of the five, only one is directly transportation-related: Commuters will be able to quickly access personalized recommendations that help them avoid the congestion issues they routinely face and help them get where they need to go in the fastest time. The full list of five is: Your commute will be personalized. Personalized routing.

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ExxonMobil projects 25% energy demand increase between 2014-2040, 50% decline in carbon intensity; hybrids to be 40% of new car sales

Green Car Congress

Global energy demand will increase 25% between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil forecasts in the 2016 edition of its annual The Outlook for Energy. The company forecasts modest gains for plug-in electric cars, with cost and functionality remaining barriers. Source: ExxonMobil.

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