USA's Utility-Scale Renewables Generated More Electricity Than Coal On 169 Days

As per a report by Institute for energy Economics and Financial Analysis, USA's clean energy transition received major impetus in 2022.

The report highlights that the US clean energy transition is witnessing an upward trend and has made major progress since 2019.

The report has highlighted three major trends in renewables for US electricity generation. First, "The market share of renewables in the U.S. topped 20 percent for 191 days in 2022." Second, that renewables contributed one-third of USA's production of electricity on five days of 2022. Third, "utility-scale renewables in the U.S. power sector generated more electricity than coal on 169 days."

There has been rapid acceleration in utility-scale progress in renewables- solar, wind and hydro. These accounted for market share exceeding 20 per cent on 31 days of 2022. There were only four such days in 2019.

Further, the report brings to notice the fact that the summer generation has also improved with an increased establishment of solar farms in the last three years.

The upward trend is likely to continue. As per IEA, the nameplate capacity added to the grid this year will have two-third share from wind as well as solar. Of this, battery storage will account for 18%.

The complete report can be accessed at https://ieefa.org/resources/us-energy-transition-powered-forward-2022

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