EIA predicts renewable power will comprise 22% of US electrical energy in 2022

Renewable power technology is predicted to comprise practically one-quarter of U.S. electrical energy this yr, in keeping with a brand new report from the Vitality Info Administration — a pattern it expects to proceed as extra renewables, equivalent to wind and photo voltaic, come on-line.

In line with the EIA’s short-term power outlook, electrical energy generated from renewable sources equivalent to hydropower, wind, and photo voltaic will possible account for 22% of U.S. electrical energy technology by the top of the yr. That is up from 20% in 2020 and 2021. In 2023, the company expects renewables to account for twenty-four% of whole U.S. electrical energy technology.

That improve is predicted to be pushed primarily by an increase in wind and photo voltaic technology, in keeping with the EIA report, which additionally predicted a rise within the retirement of some technology sources, equivalent to coal and nuclear, in some elements of the US.

The 2 U.S. areas that noticed the biggest shares of renewable technology in 2021 had been the Northwest, the place renewables comprised roughly half its electrical energy technology, and California, the place renewables accounted for a barely smaller 44%, the report says.

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The Southwest has seen essentially the most development in renewables over the previous decade, EIA mentioned, due largely to wind technology. The report famous that in 2013, simply 13% of the area's electrical energy got here from renewables. That greater than doubled to 40% final yr and is predicted to extend to 44% by 2023.

The Electrical Reliability Council of Texas, or ERCOT, additionally ramped up its renewable electrical energy over the previous decade, with its renewable producing capability rising from simply 10% in 2013 to 32% in 2022.

The report comes as President Joe Biden signed into legislation the Inflation Discount Act on Tuesday, cementing the passage of what Democrats have hailed because the largest-ever local weather motion in U.S. historical past.

The brand new legislation will pour roughly $370 billion into power safety and efforts to battle local weather change, together with by offering tax credit for firms and people transitioning to wash power.