
[Kale Carey]
WIND AND SOLAR POWER GENERATED MORE ELECTRICITY THAN COAL IN THE UNITED STATES FOR THE FIRST TIME EVER LAST YEAR.
THIS COMES ACCORDING TO DATA RELEASED BY THE U.S. ENERGY INFORMATION ADMINISTRATION.
THE FEDERAL AGENCY FOUND WIND AND SOLAR ENERGY SOURCES ACCOUNTED FOR 17 PERCENT OF THE NATION’S ELECTRICITY IN 2024-
SURPASSING COAL, WHICH FELL TO AN ALL-TIME LOW OF 15 PERCENT.
AS RECENTLY AS 2017, COAL WAS GENERATING MORE THAN TWICE AS MUCH ELECTRICITY AS WIND AND SOLAR COMBINED.
SOLAR POWER WAS IDENTIFIED AS THE COUNTRY’S FASTEST-GROWING ENERGY SOURCE, WITH A 27 PERCENT INCREASE COMPARED TO THE PREVIOUS YEAR-
WHILE WIND ENERGY GREW BY 7 PERCENT.
AN ENERGY ANALYST AT THE THINK TANK ‘EMBER’ ATTRIBUTS THE GROWTH OF RENEWABLES TO THEIR IMPROVING ECONOMIC FEASIBILITY-
NOTING THAT THE COST-EFFECTIVENESS OF SOLAR ENERGY HAS ADVANCED TO THE POINT WHERE MAINTAINING EXISTING COAL PLANTS IS POTENTIALLY MORE EXPENSIVE THAN BUILDING NEW SOLAR FARMS.
IN 2023, A DIFFERENT THINK TANK ‘ENERGY INNOVATION’ REPORTED THAT REPLACING 99 PERCENT OF THE NATION’S COAL PLANTS WITH WIND, SOLAR, AND ENERGY STORAGE WOULD BE MORE COST-EFFECTIVE.
ACCORDING TO THEIR FINDINGS, NEW SOLAR PRODUCTION IS APPROXIMATELY ONE-THIRD CHEAPER PER MEGAWATT-HOUR THAN OPERATING COAL PLANTS.
DESPITE RECENT FEDERAL ACTIONS IMPACTING RENEWABLES, EXPERTS PREDICT THESE ENERGY SOURCES WILL CONTINUE TO EXPAND-
THOUGH AT A POTENTIALLY SLOWER RATE THAN PREVIOUSLY ANTICIPATED.
U.S. POWER DEMAND GREW BY 3 PERCENT LAST YEAR AND IS PROJECTED TO RISE FURTHER AS TECHNOLOGY COMPANIES BUILD MORE DATA CENTERS TO SUPPORT AI PROGRAMS.
ANALYSTS AT EMBER SUGGEST THAT WIND, SOLAR, AND ENERGY STORAGE ARE LIKELY TO PLAY A CENTRAL ROLE IN MEETING THIS GROWING DEMAND.
FOR STRAIGHT ARROW NEWS, I’M KALE CAREY.