Renewables provided almost two-thirds (64.64%) of new US utility-scale generating capacity added in the first quarter of 2023, according to newly released Federal Energy Regulatory Commission (FERC) data, which was reviewed by the SUN DAY Campaign.
New utility-scale solar capacity was 2,530 megawatts (MW) or 39.56% of the total – and that doesn’t include small-scale distributed photovoltaics, such as rooftop solar. New wind capacity provided 1,475 MW – or 23.06% of the total. Hydropower and biomass added 100 MW and 29 MW, respectively. New natural gas capacity totaled 2,259 MW (35.32%) and was supplemented by 2 MW of new oil. No new capacity additions were reported for coal, nuclear power, or geothermal.
In the month of March alone, all new capacity additions were provided by only solar (491 MW) and wind (409 MW).
With these latest additions, renewable energy now accounts for 27.67% of total installed utility-scale generating capacity, including 11.51% from wind and 6.67% from solar.
Notably, the share of US generating capacity is growing at a substantially faster rate than FERC had anticipated. In March 2020, renewables’ share of total generating capacity was just 22.74%. At that time, FERC projected that “high probability” additions by solar in the ensuing three-year period would be 24,083 MW. In fact, solar grew by 39,470 MW. Likewise, FERC’s three-year forecast for net “high probability” wind additions was 26,867 MW. Instead, wind expanded by 38,550 MW.
Combined, new solar and wind capacity additions totaled 78,020 MW during the past three years, or 53.13% more than FERC had expected.
For the next three years, FERC is now forecasting 77,594 MW of new “high probability” solar capacity joined by 17,071 MW in net new wind capacity plus 556 MW from hydropower and 2 MW from geothermal.
By comparison, coal capacity is foreseen to drop by 28,507 MW, oil by 1,572 MW, natural gas by 574 MW, nuclear power by 123 MW, and biomass by 103 MW.
If FERC’s projections prove to be accurate, by the end of the first quarter of 2026, renewable energy generating capacity will be more than one-third (33.46%) of the total, with nearly equal shares provided by wind (12.23%) and solar (12.16%). Meanwhile, the shares provided by fossil fuels and nuclear power would all decrease: natural gas from 44% to 41.83%; coal from 17.12% to 14.16%; oil from 2.99% to 2.73%; and nuclear power from 7.97% to 7.63%.
SUN DAY Campaign notes that we should keep in mind the degree to which FERC underestimated wind and solar growth during the past three years, so it’s possible the US generating capacity by the mix of all renewables by spring 2026 could end up being significantly higher than FERC now expects.
SUN DAY Campaign’s executive director Ken Bossong said:
Over the past three years, renewable sources, led by solar and wind, added nearly five percentage points to their share of the nation’s electrical generating.
If that pace continues or accelerates – as seems likely – renewables will be providing more than a third of total installed generating capacity within the next three years, and quite possibly more.
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The cooling towers of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024.
Danielle DeVries | CNBC
Power companies that are most exposed to the tech sector’s data center boom plunged early Monday, as the debut of China’s DeepSeek open source AI laboratory led investors to question how much energy artificial intelligence applications will actually consume.
Constellation, Vistra and GE Vernova have led the S&P 500 this year as investors speculated that AI data centers will boost demand for enormous amounts of electricity.
But DeepSeek has developed a model that it claims is cheaper and more efficient than U.S competitors, raising doubts about the vast sums of money the tech sector is pouring in to data centers.
The tech companies have anticipated needing so much electricity to supply data centers that they have increasingly looked to nuclear power as a source of reliable, carbon-free energy.
Constellation, for example, has signed a power agreement with Microsoft to restart the Three Mile Island nuclear plant outside Harrisburg, Pennsylvania. Talen is powering an Amazon data center with electricity from the nearby Susquehanna nuclear plant.
Vistra has not inked a data center deal yet, though investors see promise in its nuclear and natural gas assets. GE Vernova has soared this year as the market believes its gas and electric grid businesses will benefit from AI demand.
This is a developing story. Please check back for updates.
Executives from TravelCenters America (TA) and BP were joined by local elected officials at a ribbon cutting for the two companies’ first DC fast charging hub on I-95 in Jacksonville, Florida – the first of several such EV charging stations to come online.
Frequent road-trippers are no doubt familiar with TA’s red, white, and blue logo and probably think of the sites as safe, convenient stops in otherwise unfamiliar surroundings. The company hopes those positive associations will carry over as its customers continue to switch from gas to electric at a record pace in 2025 and beyond.
“Today marks a significant milestone in our journey to bring new forms of energy to our customers as we support their changing mobility needs, while leveraging the best of bp and TA,” explains Debi Boffa, CEO of TravelCenters of America. Boffa, however, was quick to – but TA is quick to point out that TA isn’ no’t leaving its ICE customers behind. “While this is significant, to our loyal customers and guests, rest assured TA will continue to provide the same safe and reliable fueling options it has offered for over 50 years, regardless of the type of fuel.”
The charging hub along the I-95 offers 12 DC fast charging ports offering up to 400kW of power for lickety-quick charging. While they’re at the TA, EV drivers can visit restrooms, shop at TA’s convenience store, or eat at fast food chains like Popeyes and Subway. Other TA centers offer wifi and pet-friendly amenities as well – making them ideal partners for BP as the two companies builds out their charging networks.
“As we expand our EV charging network in the US, I am thrilled to unveil our first of many hubs at TA locations,” offers Sujay Sharma, CEO of BP Pulse Americas. “These sites are strategically located across key highway corridors that provide our customers with en route charging when and where they need it most, while offering convenient amenities, like restaurants and restrooms.”
The new e2500-THL and TS electric Ultra Buggies from Toro offer construction and demo crews a carrying capacity of 2500 lbs. (on the TS model), six-and-a-half foot dump height (on the THL), nearly 13 cubic ft. of capacity, and hours of quiet, fume-free operation.
For their open-mindedness, those crews will be rewarded with machines powered by 7 kWh’s worth of Toro HyperCell lithium-ion battery. That’s good enough for up to eight hours of continuous operation, according to Toro – enough for two typical working shifts.
And, thanks to the Toro Ultra Buggies’ narrow, 31.5″ width, they can easily navigate man doors on inside jobs, as well, making them ideal for indoor demolition and construction jobs. A zero-turn radius and auto-return dump mechanism that ensures the tub automatically returns to the proper resting position make things easy for the operator, too.
Toro says that each of its small (for Toro) e2500 Ultra Buggy units can replace as many as five wheelbarrows on a given job site. Pricing is expected to start at about $32,000.