EIA expects renewables to supply 44 percent of U.S. power generation by 2050

The share of U.S. power generation from renewables is expected to increase from 21 percent in 2021 to 44 percent in 2050, mainly consisting of new wind and solar power. The contribution of hydropower remains largely unchanged through 2050, and other renewable sources of power generation, such as geothermal and biomass, collectively remain less than 3 percent of total generation, according to the latest figures of the U.S. Energy Information Administration’s (EIA) »Annual Energy Outlook 2022«.
The agency projects that the contribution of solar, including both utility scale solar farms and rooftop systems, will surpass wind generation by the early 2030s. Growth in wind and solar will be driven by federal tax credits, which are set to expire or significantly decline by 2026.
Meanwhile, EIA expects that the total share of U.S. fossil power generation will decrease from 60 percent to 44 percent as a result of the continued retirement of coal plants and slow growth in gas fired generation. Although gas-fired generation increases in absolute terms, its share in the total generation mix decreases slightly, from 37 percent in 2021 to 34 percent in 2050.
According to the report, energy storage systems, such as stand-alone batteries or solar-battery hybrid systems, compete with gas power plants to provide electric power generation and back-up capacity for times when nondispatchable renewables, such as wind and solar, are unavailable.
The »Annual Energy Outlook 2022« (AEO2022) is available on the EIA website.
© PHOTON

Related News