Universal Mentors Association

In US, Wind, Solar Generate More Electricity So Far This Year Than Coal Has

[ad_1]

For the first five months of 2023, solar and wind power generated more electricity in the US than coal did, setting a record for the renewable energy sources.

Official data from the US Energy Information Administration indicates that wind and solar energy out-produced coal in January, February and March, CBS News reported, while preliminary figures show the same trend for April and May.

All told, wind and solar generated a combined 252 terawatt-hours from January through May, compared with coal’s output of 249 TWh.

Read on: Low-Carbon Energy Investments Matched Fossil Fuels Last Year

Clean energy sources have outpaced coal before, first in 2020 and again in 2022, but only when hydropower is included. This is the first time solar and wind reached the benchmark on their own.

Adding hydroelectric to the tally, renewables have actually been outperforming coal for the last six months, since October 2022.

EIA Administrator Joe DeCarolis expects the trend to continue this summer and beyond.

“We expect that the United States will generate less electricity from coal this year than in any year this century,” DeCarolis said in a forecast in May. “As electricity providers generate more electricity from renewable sources, we see electricity generated from coal decline over the next year and a half.”

A focus on carbon-neutral sources, coupled with the lower cost of natural gas and the shuttering of many coal plants has pushed coal out of favor.

There was a brief resurgence last year, when Russia’s invasion of Ukraine caused natural gas prices to spike. But coal’s decline “is happening faster than anyone anticipated,” Andy Blumenfeld, an industry analyst for McCloskey by OPIS, told E&E News. 

Just 15 years ago, coal accounted for nearly half the electricity generated in the US. By 2021, that figure dropped to about 22%, according to EIA data. Last year, coal generated just 20% of domestic electricity, compared with 14% from wind and solar.

Natural gas is still the largest source of power in the country, accounting for about 39% of electricity in 2022.



[ad_2]

Source link

Leave a Comment

Your email address will not be published. Required fields are marked *