62.8-GW of new electric generating capacity in 2024 – mostly solar and battery storage

Posted By: EN Todayon: August 19, 2024In:

image credit: U.S. Energy Information Administration

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Energy Market Specialist,
Hitachi Energy USA Inc.

Kent Knutson is a market specialist focusing on energy industry intelligence for Hitachi Energy. He has more than 30 years of experience designing and developing intelligence products for some…

Member since 2018
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Aug 19, 2024Aug 19, 2024 5:00 pm GMT
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This according to the latest edition of the U.S. Energy Information Administration’s ‘Today in Energy’. Plant developers are expected to add 62.8 gigawatts (GW) of new electric capacity this year – up 55% from 2023. Solar (37-GW), battery storage (15-GW), and wind (7.1-GW) account for more than 94% of the total, while new natural gas (2.6-GW) and nuclear (1.1-GW) power plants round out the rest. According to the report, generating capacity retirements are expected at about 7.6-GW – mostly from the closure of aging natural gas and coal-fired power plants.

‘Today in Energy’ story: https://lnkd.in/dG9AqMVU

Charts: U.S. Energy Information Administration

Kent Knutson

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