Renewables met 100% of the rise in global electricity demand in the first half of 2022
Renewables met all of the rise in global electricity demand in the first half of 2022, preventing any growth in coal and gas generation, according to a new report published by London-based energy think tank Ember.
The rise in wind and solar generation met over 75% of the demand growth in the first half of 2022, while hydro met the remainder, preventing a possible 4% increase in fossil-fuel generation and avoiding $40 billion in fuel costs and 230 Mt CO2 in emissions.
Malgorzata Wiatros-Motyka, senior analyst at Ember, said:
Wind and solar are proving themselves during the energy crisis.
The first step to ending the grip of expensive and polluting fossil fuels is to build enough clean power to meet the world’s growing appetite for electricity.
The report analyzes electricity data from 75 countries representing 90% of global electricity demand. It compares the first six months of 2022 to the first half of 2021 to show how the electricity transition has progressed.
The report finds that global electricity demand grew by 389 terawatt hours (TWh) in the first half of 2022. Renewables – wind, solar, and hydro – increased by 416 TWh, slightly exceeding the rise in electricity demand.
Wind and solar alone rose by 300 TWh, which was equal to 77% of the rise in global electricity demand. In China, the rise in wind and solar generation alone met 92% of its electricity demand rise. In the United States it was 81%, and in India it was 23%.
Rise in fossil-fuel generation unchanged
As a result of the growth in renewables, fossil-fuel generation was almost unchanged (+5 TWh, +0.1%). Coal fell by 36 TWh (-1%) and gas by 1 TWh (-0.05%). This offset a slight rise in other fossil fuels (mainly oil) of 42 TWh. Consequently, global CO2 power sector emissions were unchanged in the first half of 2022 compared to the same period last year, despite the rise in electricity demand.
Coal in the EU rose 15% only to cover a temporary shortfall in nuclear and hydro generation. Coal in India rose 10% because of a sharp rebound in electricity demand from lows early last year when the pandemic struck hardest. Globally, these rises were offset by coal-power falls of 3% in China and 7% in the United States.
The growth in wind and solar prevented a 4% rise in fossil fuel electricity generation worldwide. In China, the growth in wind and solar enabled fossil fuel power to fall by 3%. Without this growth, fossil fuels would have risen by 1%. In India, fossil fuel power rose by 9%, but it would have been 12% without growth in wind and solar. In the United States, it slowed down the rise in fossil fuel power from 7% to just 1%. In the EU, fossil fuel power rose by 6%, but it would have been 16% without growth in wind and solar.
Despite the halt in fossil-fuel generation in the first half of 2022, coal and gas generation increased in July and August. It leaves open the possibility that power sector emissions in 2022 may yet rise, following last year’s all-time high.
Further, a new report from San Francisco-based NGO Global Energy Monitor found that approximately 89.6 gigawatts (GW) of gas plants in development globally, totaling 5,070 million metric tons of CO2e lifetime emissions if built, are coal-to-gas conversions or replacements.
These conversions are proceeding despite data showing that gas projects are increasingly uncompetitive with renewables and are just as bad, if not worse, for the environment than coal.
Wiatros-Motyka said:
We can’t be sure if we’ve reached peak coal and gas in the power sector.
Global power sector emissions are still pushing all-time highs when they need to be falling very quickly. And the same fossil fuels pushing us into a climate crisis are also causing the global energy crisis. We have a solution: Wind and solar are homegrown and cheap, and are already cutting both bills and emissions fast.
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Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025.
Kyle Grillot | Bloomberg | Getty Images
OpenAI has finalized a secondary share sale totaling $6.6 billion, allowing current and former employees to sell stock at a record $500 billion valuation, according to a person familiar with the transaction.
Bloomberg was first to report that the deal had closed.
CNBC reported in August that OpenAI was looking to conduct a secondary share sale at a valuation of $500 billion, with investors including Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi’s MGX, and T. Rowe Price.
While OpenAI had authorized up to $10.3 billion in shares for sale — an increase from the original $6 billion target — only about two-thirds of that amount ultimately changed hands.
The person briefed on internal discussions said that lower participation is being viewed internally as a vote of confidence in the company’s long-term prospects, and a sign that investor appetite remains strong, even at a $500 billion valuation — up sharply from $300 billion earlier this year.
The offer was presented to eligible current and former employees in early September, with participation open to those who had held shares for more than two years.
The share sale marks OpenAI’s second major tender offer in less than a year, following a $1.5 billion deal with SoftBank in November.
This latest transaction cements OpenAI’s status as the world’s most valuable privately held company, surpassing SpaceX’s valuation of $456 billion.
The sale also comes amid intensifying competition for AI talent. Meta, in particular, has reportedly offered nine-figure compensation packages in a bid to recruit top researchers.
OpenAI is among a growing cohort of high-profile startups — including SpaceX, Stripe, and Databricks — using secondary sales that allow employees to cash out while staying private. The move is widely seen as a strategy to retain talent and reward long-term employees without pursuing an IPO.
WATCH: OpenAI’s $850 billion buildout contends with grid limits
It’s October 1st, which means the $7,500 Federal EV tax credit is dead and gone. That doesn’t mean it’s the end of the road for EVs, however – BMW, Ford, GM, and others are stepping up with big rebates, clever accounting tricks, and huge discounts to keep the deals rolling! All this and more on today’s stylin’, profilin’, limousine-riding, jet flying, kiss-stealing, wheelin’ n’ dealin’ episode of Quick Charge!
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Today’s episode is brought to you by Climate XChange, a nonpartisan, nonprofit organization working to help states pass effective, equitable climate policies. The nonprofit just kicked off its 10th annual EV raffle, where participants have multiple opportunities to win their dream EV.
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Solar and wind accounted for 90% of new US electrical generating capacity added in the first seven months of 2025, according to data just released by the Federal Energy Regulatory Commission (FERC). In July, solar alone provided 96% of new capacity, making it the 23rd consecutive month solar has held the lead among all energy sources.
Solar’s new generating capacity in July and YTD
In its latest monthly “Energy Infrastructure Update” report (with data through July 31, 2025), which was reviewed by the SUN DAY Campaign, FERC says 46 “units” of solar totaling 1,181 megawatts (MW) were placed into service in July, accounting for over 96.4% of all new generating capacity added during the month.
The 434 units of utility-scale (>1 MW) solar added during the first seven months of 2025 total 16,050 MW and were 74.4% of the total new capacity placed into service by all sources.
Solar has now been the largest source of new generating capacity added each month for 23 consecutive months from September 2023 to July 2025. During that period, total utility-scale solar capacity grew from 91.82 gigawatts (GW) to 153.09 GW. No other energy source added anything close to that amount of new capacity. Wind, for example, expanded by 10.68 GW, while natural gas increased by just 3.74 GW.
Renewables were 90% of new capacity added YTD
Between January and July, new wind provided 3,288 MW of capacity additions – significantly more than the new capacity provided by natural gas (2,207 MW). Wind thus accounted for 15.2% of all new capacity added during the first seven months of 2025.
For the same period, the combination of solar and wind (plus 4 MW of hydropower and 3 MW of biomass) was 89.6% of new capacity, while natural gas provided just 10.2%; the balance came from coal (18 MW), oil (17 MW), and waste heat (17 MW).
Solar + wind are 23.23% of US utility-scale generating capacity
Utility-scale solar’s share of total installed capacity (11.42%) is now almost equal to that of wind (11.81%). Taken together, they constitute 23.23% of the US’s total available installed utility-scale generating capacity.
Moreover, at least 25-30% of US solar capacity is in the form of small-scale (e.g., rooftop) systems that are not reflected in FERC’s data. Including that additional solar capacity would bring the share provided by solar + wind to more than a quarter of the US total.
With the inclusion of hydropower (7.61%), biomass (1.07%), and geothermal (0.31%), renewables currently claim a 32.22% share of total US utility-scale generating capacity. If small-scale solar capacity is included, renewables are now more than one-third of total US generating capacity.
Solar still on track to become No. 2 source of US generating capacity
FERC reports that net “high probability” additions of solar between August 2025 and July 2028 total 92,631 MW – an amount more than four times the forecast net “high probability” additions for wind (22,528 MW), the second fastest-growing resource.
FERC also foresees net growth for hydropower (579 MW) and geothermal (92 MW) but a decrease of 131 MW in biomass capacity.
Taken together, the net new “high probability” capacity additions by all renewable energy sources over the next three years – the bulk of the Trump Administration’s remaining time in office – would total 115,120 MW.
There are now 35 MW of new nuclear capacity in FERC’s three-year forecast, while coal and oil are projected to contract by 25,017 MW and 1,576 MW, respectively. Natural gas capacity would expand by just 8,276 MW.
Should FERC’s three-year forecast materialize, by mid-summer 2028, utility-scale solar would account for more than 17% of installed U.S. generating capacity – more than any other source besides natural gas (40%). Further, the capacity of the mix of all utility-scale renewable energy sources would exceed 38%. Inclusion of small-scale solar systems would push renewables ahead of natural gas.
“With one month of Trump’s ‘One Big Beautiful Bill’ now under our belts, renewables continue to dominate capacity additions,” noted the SUN DAY Campaign’s executive director, Ken Bossong. “And solar seems poised to hold its lead in the months and years to come.”
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