This post is by Selin Oğuz from Visual Capitalist


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2024 U.S. Clean Electricity Outlook for 2024

2024 U.S. Clean Electricity Outlook

This was originally posted on the Decarbonization Channel. Subscribe to the free mailing list to be the first to receive decarbonization-related visualizations with a focus on the U.S. power sector. As the world seeks sustainable energy solutions, the U.S. has the opportunity to lead the charge in the global shift toward clean electricity. But what kind of progress can the country expect in the upcoming year?  To find out, we partnered with the National Public Utilities Council to visualize the projected 2024 electricity generation capacity of clean energy technologies in the U.S., using data from the U.S. Energy Information Administration (EIA).

The Rise of Battery Storage and Solar Power

Looking ahead to 2024, U.S. generation capacity projections unveil a promising trajectory for battery storage and solar power. Battery storage is projected to grow by 82% compared to 2023 projections, while solar is projected to grow by 40%. Growth is also expected for wind power, albeit at a slower rate (5%) due to higher costs and permitting challenges, especially for offshore projects.
Electricity Generation Capacity Projections20232024Change
Battery Storage17 GW31 GW+82%
Solar93 GW130 GW+40%
Wind149 GW156 GW+5%
Nuclear96 GW97 GW+1%
Geothermal3 GW3 GW0%
Hydro80 GW80 GW0%
As illustrated in the table above, the EIA projects a modest year for the rest of (Read more…)