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The US Energy Information Agency issued its latest report on February 15, 2024. According to its Preliminary Monthly Electric Generator Inventory, the US energy sector expects to add 62.8 GW of new utility-scale electricity generating capacity in 2024. That in and of itself is not startling news. The EIA says the US generates nine times more electricity today than it did in 1950. As electricity continues to replace fossil fuels to power vehicles, heat and cool buildings, and make industrial products like steel and cement, the demand is expected to double or triple again by 2050.
That 62.8 GW of new electricity capacity planned for this year will be 55 percent more than the 40.4 GW of electricity that was added in 2023. The vast majority — 36.4 GW, or 58 percent — will come from new…
Read the full article originally published at cleantechnica.com.