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The US Energy Information Administration (EIA) forecasts that solar and wind will lead US power generation growth for the next two years in its latest Short-Term Energy Outlook.

As a result of new solar projects coming online in 2024, the EIA forecasts that US solar power generation will grow 75% from 163 billion kilowatt hours (kWh) in 2023 to 286 billion kWh in 2025.

The EIA also expects wind power generation to grow 11% from 430 billion kWh in 2023 to 476 billion kWh in 2025.

In 2023, the US electric power sector produced 4,017 billion kWh of power. Renewable sources – wind, solar, hydro, biomass, and geothermal – accounted for 22% of generation, or 874 billion kWh, last year. Annual renewable power generation surpassed nuclear for the first time in 2021 and coal for the first time in 2022.

The EIA notes that wind and solar developers often bring their projects online at the end of the calendar year, so that tends to affect generation growth trends for the following year.

Solar is the fastest-growing renewable source because of the larger capacity additions and favorable Inflation Reduction Act tax credits. Planned solar projects increase solar capacity operated by the electric power sector 38% from 95 gigawatts (GW) at the end of 2023 to 131 GW by the end of 2024.

The EIA expects wind capacity to stay relatively flat at 156 GW by the end of 2024, compared with 149 GW in December 2023.

In contrast, coal power generation will decline 18% from 665 billion kWh in 2023 to 548 billion kWh in 2025, natural gas will continue to be the largest source of US electricity generation, with about 1,700 billion kWh of annual generation in 2024 and 2025 – similar to 2023. Nuclear power generation will also stay relatively flat, rising from 776 billion kWh in 2023 to 797 billion kWh in 2025.

Read more: Good news – the world has a real chance of achieving its goal of tripling renewables by 2030

Photo: Duke Energy


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Trump’s latest offshore wind cancellation is a threat to the grid – ISO New England

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Trump's latest offshore wind cancellation is a threat to the grid – ISO New England

Trump’s Interior Department halted construction on 704 megawatt (MW) Revolution Wind, the US’s first multi-state offshore wind project that’s already 80% complete. Grid operator ISO New England says the decision is a threat to the grid.

ISO New England released a statement responding to the stop-work order, warning that “delaying the project will increase risks to reliability.”:

As demand for electricity grows, New England must maintain and add to its energy infrastructure. Unpredictable risks and threats to resources – regardless of technology – that have made significant capital investments, secured necessary permits, and are close to completion will stifle future investments, increase costs to consumers, and undermine the power grid’s reliability and the region’s economy now and in the future.

Revolution Wind, a joint development between Ørsted and BlackRock’s Global Infrastructure Partners, is a 65-turbine project capable of powering around 350,000 homes in Rhode Island and Connecticut once it’s complete. It was expected to come online next year. The project has created more than 1,200 jobs.

On August 22, the director of Bureau of Ocean Energy Management sent a vague letter to Ørsted commanding it to halt all activities on the fully permitted Revolution Wind, citing “national security interests,” yet providing no details.

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BOEM’s Record of Decision for Revolution Wind, reported in 2023 in Section 4.6, page 185, states that the national security effects of the project would be “negligible and avoidable.”

This latest move echoes Trump’s cancellation in April of New York’s $5 billion Empire Wind 1 project, which was already under construction off New York’s coast. No viable reasons were given for that stop-work order either, and the cancellation was reversed in May.

Kit Kennedy, managing director for power at Natural Resources Defense Council (NRDC), released the following statement in response to the Revolution Wind order:

The Trump administration’s war on the electricity needed to power the grid continues on all fronts. Halting Revolution Wind is a devastating attack on workers, on electricity customers, and on the investment climate in the US.

New England homeowners will feel this when they tear open their electricity bills and look at the surging costs of keeping the lights on.

This administration has it exactly backwards. It’s trying to prop up clunky, polluting coal plants while doing all it can to halt the fastest growing energy sources of the future – solar and wind power.

It makes no sense to say we have an energy emergency and then make decisions like this. Unfortunately, every American is paying the price for these misguided actions.

Read more: Trump reversal revives Empire Wind, NY’s offshore energy giant


The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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Tesla teases new product release on Friday

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Tesla teases new product release on Friday

Tesla is teasing a new product release on Friday, August 29th, coming to Europe and the Middle East. It’s likely going to be the Model Y Performance.

On X today, Tesla has teased an upcoming product release coming this friday.

The post is cryptic. It only mentions ‘spoiler alert’ and the date August 29 with what looks like a close up of a vehicle with what appears to be a spoil – hence the “spoiler alert” reference:

There are main suspect is the Model Y Performance due to the spoiler reference.

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Since the Model Y refresh in January, Tesla stopped selling the Model Y Performance. It is due to launch the top performance version under the new design.

When Tesla released the Model 3 refresh in 2024, it took about 4 months for Tesla to launch the new performance version.

Electrek’s Take

The only thing that I find strange with this likely being the Model Y Performance is the fact that they tweeted this from the Europe and Middle East account.

It would be strange for the Model Y Performance to launch there first, but who knows. Maybe Tesla started production at Gigafactory Berlin first.

I don’t think this will have a major impact on Tesla’s business. The Model Y Performance is the least popular version of the best-selling Model Y.

We don’t have the full mix of sales, but I wouldn’t be suprised if it represents less than 10% of Tesla’s Model Y deliveries.

The Model 3 Performance is probably a more popular option within the Model 3 lineup as it is a lot more fun to drive.

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Genesis GV60 Magma EV sheds camo, revealing a radical new look [Video]

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Genesis GV60 Magma EV sheds camo, revealing a radical new look [Video]

The GV60 Magma will have a distinct look and feel compared to other Genesis vehicles. As the first EV from its new performance sub-brand, the Genesis GV60 Magma will debut with enhanced power, advanced suspension, a sporty new design, and more. For the first time, it was caught on video racing around the Nürburgring, giving us our closest look yet.

Genesis GV60 Magma EV flexes new style at Nürburgring

We got our first look at the new Magma models last March at the NY Auto Show alongside the full-size Neolun concept.

Magma is “the brand’s expansion into the realm of high-performance vehicles,” Genesis boasted. Among the first vehicles to earn a Magma upgrade is the GV60.

Genesis fine-tuned the electric crossover SUV, giving it a wider and lower stance for improved control. The larger lower air intake contributes to the aggressive new look, while also serving to cool the batteries and motor, both of which have been upgraded for enhanced performance.

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Earlier this year, we got a good look at the GV60 Magma during winter testing in Europe. Although you could see a few new design features, it was mostly covered in camo.

Genesis-GV60-Magma-Porsche
Genesis GV60 Magma testing with other Magma vehicles (Source: Genesis)

After it was recently spotted with less camo at the Nürburgring race track in Germany, we are getting an even better idea of what to expect when it arrives.

The video from CarSpyMedia shows the Genesis GV60 Magma EV with a production body and minimal camouflage.

You can see the high-performance vehicle flexing its power and handling as it rips around the track. Like other Hyundai Motor performance EVs, including the new IONIQ 6 N, you can expect the Genesis GV60 Magma to deliver over 600 horsepower, if not closer to 700.

The current Genesis GV60 Performance delivers up to 429 horsepower and 516 lb-ft of torque, good for a 0 to 60 mph sprint in 3.7 seconds.

Horsepower 0 to 60 mph
(seconds)
Starting Price
Genesis GV60 Performance 429 3.7 $69,900
Genesis GV60 Magma ? ? ?
Porsche Taycan 402 4.5 $99,400
Porsche Taycan Turbo GT
(with Weissach Package)
1,092 2.1 $230,000
Tesla Model S Plaid 1,020 1.99 $89,990
Genesis GV60 Magma vs Porsche Taycan vs Tesla Model S Plaid

Genesis will launch the GV60 Magma EV later this year in Korea, followed by the US, Europe, and other global markets. We will learn prices and final specs closer to launch, but given the Performance models start at $69,900, you can expect a higher starting price tag, likely closer to $75,000.

At that it would be significantly less than the Porsche Taycan Turbo and Tesla Model S Plaid. Will it match the performance?

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