The SUN DAY Marketing campaign reviewed federal government-issued studies from December and located that photo voltaic is the fastest-growing electrical technology supply inside the US.
Credit score: Amazon
In FERC’s “Power Infrastructure Replace,” photo voltaic contributed 10,937 MW of recent home producing capability in 2023 (by October) or 42.1% of the nation’s whole. [Natural gas: 9,794 MW/37.7%; wind: 3,748 MW/14.4%; hydropower: 228 MW; nuclear: 1,100 MW; oil: 54 MW; geothermal: 44 MW; biomass: 32 MW; waste heat: 31 MW]
In response to FERC, photo voltaic’s share of whole put in U.S. producing capability has now reached 7.3%. Though it nonetheless trails wind’s capability (11.6%), photo voltaic is closing in on hydropower (7.9%).
Within the EIA’s “Electrical Energy Month-to-month,” which additionally had information by October 2023, it was revealed {that electrical} technology by the combination of all renewables accounted for 22.8% of U.S. electrical technology. Photo voltaic (together with residential rooftop) grew by 14.7% in comparison with final 12 months — greater than some other power supply.
From January to October, photo voltaic mixed with wind accounted for 15.6% of the nation’s electrical technology — up from 14.9% for a similar interval a 12 months earlier. For the ten-month interval, photo voltaic plus wind almost equaled coal’s share (15.9%) as electrical technology by the latter plummeted by 19.1%.
Sadly, whereas new photo voltaic is being put in, extra fossil fuels are getting used for electrical energy. EIA’s newest “Month-to-month Power Overview” confirmed that photo voltaic’s share of whole power manufacturing throughout the first three-quarters of 2023 was simply 0.9%. Wind’s share was 1.4%. Mixed, photo voltaic plus wind contributed solely 2.3% of the nation’s power manufacturing. In comparison with the earlier 12 months, renewable power manufacturing was up marginally — by lower than 0.6%. In distinction, fossil gasoline manufacturing was up by 4.8% and accounted for 83.8% of all home power manufacturing. Nuclear energy technology elevated by 0.2%
“Because the quickest rising supply of electrical energy, photo voltaic is main the nation’s transition away from nuclear energy and fossil fuels,” famous the SUN DAY Marketing campaign’s govt director Ken Bossong. “Nonetheless, their comparatively small share of the nation’s whole power manufacturing and consumption underscores how rather more photo voltaic, wind and different renewable power sources nonetheless must develop to dramatically cut back greenhouse fuel emissions.”
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