Solar Energy To Generate Most New US Electricity in 2021

 

In the quest for renewable energy growth and the lessening of our environmental impact, there’s a clear frontrunner looking to set the pace in 2021 – solar.

Solar energy is on track to be the most generative energy source for new electricity in 2021, and the US Energy Information Administration announced that utility-scale solar is expected to set records in 2021 by giving the US grid 15.4 GW of new solar capacity

In 2020, solar expanded almost 12GW, with nearly half of those additions coming only in the last two months of 2020.

If these predictions hold, solar will be adding the most new energy to the grid; 39% of total new U.S. electricity generating capacity, to be exact. The rest of the line-up is 31% for wind, 16% for natural gas, 11% for battery storage and 3% for nuclear.

Texas will be the home of the U.S.’ most expansive solar farm, the Samson Solar Energy Center. Around the world, similar investments are being made in solar energy, exemplified by Morgan Stanley Investment Management and the Investment Fund for Developing Countries giving $38 million to Nigerian solar energy provider Daystar Power for expanded solar farms.

On this MarketScale industry update, hosts Daniel Litwin and Tyler Kern discuss the challenges and promise associated with more solar development, how the energy sector will make it a reality, and more.

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Latest

leisure travel
Leisure Travel Will Drive Hotel Growth for 2023
November 29, 2022
   Business Travel News recently reported on PwC's Hospitality Directions report, indicating a reduced 2023 travel forecast. PwC largely sites economic uncertainty for the revised projections, Read more
New Battery Technology Could Make EVs Cheaper and Faster to Produce
November 29, 2022
 Companies in UK and the US are racing to find new breakthroughs in electrochemistry that don't rely on China's resources to create battery technology. As China currently holds 75% of the world's cobalt Read more
Diesel and Truck Driver Shortages Are Only the Latest in a “Highly Inefficient Transportation System”
November 29, 2022
 The trucking industry is under consistent pressure from multiple fronts. On one end, news continues to spiral about a looming diesel shortage as prices remain high and U.S. diesel supplies reach their lowest Read more