The latest US EIA and FERC data reflect a decade of explosive solar and wind growth – here’s how it breaks down.
The SUN DAY Campaign reviewed EIA’s latest monthly “Electric Power Monthly” report (with electrical generation data through June 30, 2024) and compared it to EIA’s data for June 30, 2019 and for June 30, 2014. It also examined FERC’s latest monthly “Energy Infrastructure Update” report (with installed generating capacity data through June 30, 2024) and likewise compared it to FERC’s data for June 30, 2019 and for June 30, 2014.
The installed US generating capacity mix of all renewable energy sources (i.e., biomass, geothermal, hydropower, solar, and wind) now totals 389 gigawatts (GW). That’s over 50% greater than five years ago (258.58 GW) and more than double the renewable energy capacity that existed a decade ago (190.26 GW). Most of the growth is because of new solar and wind capacity.
Similarly, electrical generation by renewables has shown strong growth. Ten years ago, renewables provided 14.28% of the nation’s electrical generation. Five years later, it had grown to 20.11% and today stands at 26.01%. Again, most of the increase is due to wind and solar.
For the first half of 2024, renewables, including small-scale solar, provided 549,339 gigawatt-hours (GWh) of electrical generation. That’s almost 40% more than the amount renewables generated in the first half of 2019 (399,586 GWh) and nearly double the output reported for the first half of 2014 (287,136 GWh).
Over the past decade, wind has become a leader
Ten years ago, hydropower boasted about 62% more capacity than wind (99.64 GW vs. 61.45 GW) and generated 40% more electricity (140,659 GWh vs. 99,739 GWh).
Five years later, the two were nearly equal in both capacity (hydro: 100.73 GW vs. wind: 98.86 GW) and electrical generation (hydro: 153,790 GWh vs. wind: 154,338 GWh).
Now, however, wind has definitively overtaken hydropower with 152.64 GW of installed capacity compared to that of hydro (100.88 GW) as well as 247,435 GWh of actual electrical output during the first six months of 2024 compared to 126,139 GWh from hydro.
As of mid-2024, wind accounted for 11.72% of total US electrical generation. Five years prior, it was 7.77%, and a decade ago, its share (4.96%) was less than half of today’s figure.
Wind’s share of total installed generating capacity as of June 30, 2024, was 11.75% – a significant increase from its 8.25% share five years earlier and 5.26% a decade ago.
Solar is the fastest-growing source of new capacity and generation
In the past decade, solar has ballooned from a fraction of a percent of both capacity and generation to become the second-largest renewable in both categories.
At the end of June 2014, utility-scale solar provided a mere 9.25 GW (0.75%) of total installed US generating capacity. Generation by utility-scale solar (8,535 GWh) was only 0.42% of the US total and EIA wasn’t even reporting generation by distributed, small-scale (i.e., <1 MW) systems yet.
However, five years later, solar capacity (39.13 GW) accounted for 3.27% of total utility-scale capacity. Actual generation by utility-scale facilities in the first half of 2019 had risen more than fourfold to 36,042 GWh (1.81% of the total) with small-scale solar contributing an additional 17,520 GWh (0.88%).
By the middle of 2024, installed solar capacity had risen to 8.99% of total utility-scale capacity. Utility-scale systems generated 102,614 GWh (4.86%) and small-scale systems added another 42,449 GWh (2.01%).
This rate of solar and wind growth has defied expectations. Three years ago, FERC had projected that installed utility-scale solar capacity would reach 105.04 GW by mid-year 2024. Solar’s actual capacity today is 11.2% more than FERC’s earlier forecast. In addition, wind’s installed capacity is now 2.4% higher than FERC had anticipated.
Hydropower and geothermal ebbs and flows, biomass drops
Over the past decade, the installed capacity of hydropower has edged up very slowly from 99.64 GW in June 2014 to 100.73 GW five years later and 100.88 GW today. Because the installed capacity of all energy sources combined has grown by over 8% during the past 10 years, hydropower’s share of capacity has gradually declined from 8.57% in 2014 to 8.41% in 2019, to 7.77% in 2024.
Electrical generation by US hydropower facilities has ebbed and flowed from year to year. For example, it was 140,65 GWh in the first half of 2014 (7% of the total) and then 153,790 GWh in mid-2019 (7.74%) and is now 126,139 GWh (5.97%) for the first six months of 2024.
Electrical generation by biomass, as well as its share of installed generating capacity, has been on a slow decline for the past 10 years. FERC data indicate that utility-scale biomass capacity dropped from 16.05 GW (1.37% of the total) in mid-2014 to 16.02 GW (1.34%) in mid-2019 to 14.54 GW (1.12%) in mid-2024. Correspondingly, actual electrical generation fell from 30,095 GWh (1.50%) during the first half of 2014 to 29,520 GWh (1.49%) five years later and then to 23,062 GWh (1.09%) this year.
The smallest renewable energy source – geothermal – has shown a pattern similar to that of hydropower. Its installed capacity has risen slightly from 3.87 GW in 2014 to 4.14 GW today, while its share of the US total has consistently hovered around 0.32-0.33%. Actual generation has ebbed and flowed over the past decade providing 8,108 GWh (0.40%) in the first six months of 2014, then 8,376 GWh (0.42%) in the first half of 2019, and now 7,640 GWh (0.36%).
“Notwithstanding minimal changes in the contributions by hydropower, biomass, and geothermal, renewable energy sources have doubled their share of US generating capacity and electrical output over the past 10 years thanks to explosive growth by both wind and solar,” noted the SUN DAY Campaign’s executive director Ken Bossong. “If the trends of the preceding decade continue, renewable energy sources could account for 40% or more of capacity and actual generation by 2035.”
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Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023.
Michael Nagle | Bloomberg | Getty Images
Coinbase is making its biggest push yet to reposition itself as a mainstream trading and financial platform, moving beyond crypto and into the broader retail investing stack as competitors show there’s real money in always-on engagement products.
The digital asset exchange announced Wednesday that it’s rolling out a major slate of new products designed to turn Coinbase into a one-stop financial app, expanding into stocks, more advanced trading, and prediction markets, while doubling down on its on-chain ecosystem and new tools for businesses, developers, and automated financial guidance.
While many of these offerings have been telegraphed for months, Coinbase says the products are now built, and ready to go.
CEO Brian Armstrong is looking to make his platform the place to trade everything.
That includes stocks, a streamlined futures and perpetuals experience, and prediction markets through Kalshi, alongside a tokenization roadmap aimed at eventually bringing more traditional assets on-chain, including equities.
The area of prediction markets, in particular, is quickly getting crowded.
DraftKings has moved to buy its own exchange, FanDuel is teaming up with CME, and Polymarket is entering the U.S. through a newly approved venue. Robinhood, meanwhile, is putting LedgerX at the center of its regulated push.
The defining rivalry in the space remains Kalshi versus Polymarket, regulated rails versus crypto-native liquidity.
Armstrong said the category’s appeal isn’t just trading, but its insight into sentiment, and what people think will happen next on any given topic.
“If you look at things like economic indicators … or elections, people are using prediction markets to try to figure out what is going to happen next month,” Armstrong told CNBC. “Maybe1% of people use it as an asset class to trade, and 99% of people are using it as a way to figure out what’s going to happen — almost like a competitor to traditional media or maybe even entertainment.”
In the company’s third-quarter earnings call with analysts in October, Armstrong showed just how easily prediction market wagers can be manipulated, rattling off several words that were being bet on.
“I was a little distracted because I was tracking the prediction market about what Coinbase will say on their next earnings call,” Armstrong said. “And I just want to add here the words bitcoin, ethereum, blockchain, staking and Web3 to make sure we get those in before the end of the call.”
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Robinhood underscored that shift this week by expanding prediction markets into sports-style contracts that resemble parlays and prop bets, and by touting the category as its fastest-growing business by revenue.
Coinbase is now bringing the same kind of outcome trading into its own ecosystem, but as a part of a much wider bet that the next-generation brokerage is a single app that blends traditional assets, derivatives, and on-chain rails.
Coinbase is pairing the trading expansion with a tokenization roadmap that signals where it wants the platform to go next, bringing more traditional assets on-chain, including equities.
The company is launching Coinbase Tokenize, an institutional stack intended to support real-world asset tokenization.
Armstrong framed the expansion as a bridge to something bigger.
Trading stocks, he said, is “a good first step,” but the real goal is tokenized equities. If Coinbase can get tokenized equity live, he said, it could “democratize access for people over the world,” and unlock new market structure in the U.S., including more robust, professional futures markets tied to equities.
“So this is the starting point,” he said.
The announcement also extends Coinbase’s push to become a provider of on-chain liquidity — not just a venue for listed tokens.
For businesses and developers, Coinbase is widening its platform story beyond retail trading. The company said Coinbase Business is becoming available to eligible customers in the U.S. and Singapore, and it’s rolling out an expanded API suite spanning custody, payments, trading, and stablecoins.
Armstrong’s broader thesis is that crypto isn’t a niche category, it’s an upgrade cycle for the financial system itself.
“Crypto is updating all financial services,” he said, suggesting that every major asset class will move on-chain over time, from prediction markets and equities to commodities, and eventually real-world assets like real estate.
Even the largest asset managers, he said, are signaling they want to migrate funds on-chain, positioning Coinbase as a central platform for that transition.
Coinbase is also introducing “custom stablecoins” for companies that want branded stablecoin rails, and spotlighting x402, a payments standard the company says is meant to make stablecoin payments easier to attach to web requests — including for automated commerce and agent-driven transactions.
The strategic throughline is retention and diversification.
Coinbase already owns a large crypto-native audience, and it wants that customer to stay on its platform for every asset class, even when crypto volumes cool and transaction revenue compresses.
First savings just hit Navee’s newest feature-packed XT5 Pro long-range off-road electric scooter for $1,400
Navee’s official Amazon storefront is undercutting the brand’s direct Christmas Sale pricing on its brand-new XT5 Pro Long-Range Off-Road Electric Scooter for $1,399.99 shipped, after clipping the on-page $200 off coupon. This model just hit the market early last month with a $1,500 price tag, which is where it’s still priced direct from the brand. At Amazon, however, it started off priced at $1,700 and dropped to $1,600 right before Black Friday, with today’s deal being the first official chance at cash savings that we’ve spotted. While this deal lasts, you’re getting $100 off the going rate that sets the bar for future discounts, while also upgrading your commutes/joyrides with the brand’s take on a superscooter.
The most high-end of Navee’s e-scooter lineup that even outpaces the flagship ST3 Pro, this new XT5 Pro Long-Range Electric Scooter is an off-roading superscooter that comes with bolstered durability from its carbon steel frame, while also being the second series to boast the brand’s unique damping arm suspension system. It arrives equipped with a 750W motor that can peak as high as 2,200W for seriously monstrous power, with the entire thing powered by a 596.7Wh battery. This combination gives it a travel range of up to 46.6 miles on a single six-hour charge (with a 1.5-hour flash charging feature available), maxing out at 31 MPH top speeds for the thrill seekers amongst you. It even comes with an add-on option through a 468Wh external battery (sold separately) that increases the mileage with up to 34 miles of extra travel.
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As Navee’s XT5 Pro electric scooter is a more premium commuter, it should be no surprise that it comes loaded with a premium array of features, including smart features like Apple Find My, Bluetooth proximity locking/unlocking, app-based setting customization, and more. Your riding experience is also further heightened by the stock features that include a triple braking system (dual front and rear disc brakes, as well as a rear regenerative EABS brake), 12-inch off-road tubeless tires, an auto-on headlight, mecha-style logo lamps in the stem, a brake-activated taillight, front and rear built-in turn signals, the brand’s traction control system, a 5-inch full color display, and much more.
Save up to $720 on these three Lectric e-bikes with price cuts to lows starting from $1,399 for Xmas
Looking back in on Lectric’s ongoing Christmas Holiday Sale event, we wanted to shine a spotlight on the three e-bikes receiving rare price cuts over the usual free bundle packages – a first for so many models at once. The biggest of these price cuts that also retains a bundle is Lectric’s ONE e-bike Long-Range Belt-Drive Commuter e-bike with a $220 FREE bundle of gear at $1,899 shipped. This entire package would normally run you $2,619 at full price, with a repeat of the $500 price cut we’ve been seeing more frequently since Labor Day to its all-time lowest tracked price, along with a FREE rear cargo rack and fender set. While the deadline to receive it before Christmas has passed, you can still secure it and all the other e-bikes with some of their best deals to kick-off your new year with a new commuting option.
For 48 hours, you can pick up Bluetti’s latest Elite 10 Mini power station at a new $109 Xmas flash sale low (Save $90), more
As part of its ongoing Christmas Sale, Bluetti has a 48-hour flash sale running that is taking up to $199 off three different offers, with a notable standout in the Elite 10 Mini Power Station for $109 shipped, which sadly cannot be stacked with the exclusive 5% off savings code, but does beat out its Amazon pricing by $10. While carrying a $239 MSRP direct from the brand, you can find it starting lower at Amazon for $199, with the holiday discounts that started last week having only taken the costs down to $149, before falling to $119 and then $109 during this flash sale window. While these $90 savings ($130 off the MSRP) last through December 18, you’re able to score it at a new all-time low price, with another flash offer being two of these stations for $199 shipped.
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.
The Urban Cruiser is Toyota’s second fully electric SUV, but it adds some meaningful upgrades over the outgoing bZ4X.
Meet the new Toyota Urban Cruiser electric SUV
Based on a new dedicated EV platform, Toyota calls the Urban Cruiser “an authentic SUV” in terms of design and performance.
Toyota launched the new entry-level electric SUV in Europe with two lithium iron phosphate (LFP) battery pack options: 49 kWh or 61 kWh. The smaller (49 kWh) battery is only available with a 142 hp (106 kW) front-wheel-drive (FWD) motor, rated with a WLTP driving range of 344 km (214 miles).
The larger 61 kWh version is available with FWD or all-wheel drive (AWD) powertrains, delivering WLTP driving ranges of 426 km and 395 km, respectively. The AWD version delivers a combined 181 hp (135 kW).
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Toyota said all Urban Cruiser variants can tow braked loads of up to 750 kg (1,650 lbs). With DC fast charging, the electric SUV can recharge from 10% to 80% in around 45 minutes.
The 2026 Toyota Urban Cruiser EV (Source: Toyota)
To improve efficiency, unlock faster charging, and boost driving range, Toyota added a heat pump and battery preconditioning feature as standard.
Thanks to the new dedicated EV platform, the interior is open and spacious. With sliding and split-folding rear seats, the Urban Cruiser rivals “the load-carrying capabilities of larger SUVs,” Toyota said.
The interior of the 2026 Toyota Urban Cruiser EV (Source: Toyota)The interior of the 2026 Toyota Urban Cruiser EV (Source: Toyota)
Measuring 4,285 mm long, 1,800 mm wide, and 1,640 mm tall, the electric SUV is slightly bigger than its popular Yaris Cross. It also gains extra interior space thanks to an extended wheelbase of 2,700 mm (+140 mm compared to the Yaris Cross).
The infotainment system consists of a 10.25″ driver display and a 10.1″ multimedia touchscreen with wireless Apple CarPlay and Android Auto.
The 2026 Toyota Urban Cruiser EV (Source: Toyota)
All Urban Cruiser models are equipped with standard safety features such as Brake Support System, Adaptive Cruise Control, Lane Keep Assist, and Traffic Sign Recognition.
In Germany, the Urban Cruiser EV is on sale, priced from €31,990 ($37,500). Financing is available from €340.41 ($400) a month.
Toyota’s new entry-level electric SUV follows the launch of the refreshed bZ4X. In 2026, Toyota will introduce the C-HR+, bZ4X Touring, and Hilux BEV electric pickup.
For those in the US, Toyota is not expected to launch the Urban Cruiser in the States. However, the new and much-improved 2026 Toyota bZ is among the few EVs in the US with starting prices under $35,000. Next year, it will launch the C-HR, which is expected to be even more affordable.
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