In December of 2021, renewable energy sources accounted for nearly 24% of electricity generation across the U.S. Wind energy accounted for 11.9(, and solar accounted for 2.7%. These stats are an increase in comparison with previous years’ data, revealing that the new solar and wind power capacity does lead to noticeable increases in electricity generation from renewable sources. To learn more, read, “Renewable Energy Provided 24% Of US Electricity In December.”
- The U.S. grid is vast, and power plants have lifespan longevity – therefore even 100% of new power capacity from renewable power plants results in a modest increase in the energy share’s electricity supply.
- In December 2019 and December 2020, both nuclear and coal produced more electricity than renewable energy sources.
- In December 2021, renewables had passed both of them up and had a solid lead — 23.8% of electricity compared to 20.6% from nuclear power plants and 17.5% from coal power plants.
- Renewables accounted for 21% of US electricity in 2021, up from 18.3% in 2019 and 20.3% in 2020.
- Solar and wind account for the majority of that piece of the pie, 13% of all US electricity production in 2021, up from 9.7% in 2019 and 11.6% in 2020.
Path to 100% Perspective:
The U.S. is a global leader in renewable energy with the second largest installed capacity in the world. Total private sector investment in renewable energy reached a record USD $55.5 billion in 2019, an increase of 28% year on year. Current market trends show the energy landscape is in transition towards more flexible energy systems with a rapidly increasing share of renewable energy, declining inflexible baseload generation and wider applications of storage technology. The declining costs of renewables have begun to reduce new investments into coal and other inflexible baseload technologies; a transition which will eventually cause renewables to become the new baseload.
Federal government support for clean energy has been significantly reduced in recent years, with federal energy initiatives primarily being focused on the fossil fuel sector. However, given the scale and depth of its energy market, the U.S. has the economic and technological potential to scale-up renewable energy at an unprecedented rate.