View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 25, 2021updated 24 Mar 2021 9:08am

The US will achieve more than 80% of clean energy for power grid by 2050: Poll

The US generates approximately 80% of its energy from fossil fuels, while just 11.4% is being generated from renewable sources.

By Vasanthi Vara

The US generates approximately 80% of its energy from fossil fuels, while just 11.4% is being generated from renewable sources.

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

In a poll Verdict has conducted to assess whether the US will be able to achieve more than 80% clean energy for its power grid by 2050, a majority 47% opined that it will achieve, including 23% who strongly agreed and 24% who agreed with the statement.

The US will achieve more than 80% of clean energy for power grid by 2050

On the contrary, 40% of the respondents opined otherwise, including 24% who disagreed and 16% who strongly disagreed.

The remaining 13% of the respondents neither agreed nor disagreed that the US will be able to achieve such feat.

The analysis is based on 306 responses received from the readers of Power Technology, a Verdict network site, between 18 November 2020 and 17 March 2021.

Road to 100% clean energy for the US

The National Renewable Energy Laboratory (NREL) released a study stating that the US can generate 80% of its electricity from renewable sources by 2050. It noted that electricity demand can be met using existing commercially available technologies throughout the year and across the country.

The US Energy Information Administration has projected in its Annual Energy Outlook 2021 that the country’s share of renewables in the energy mix will increase from 21% in 2020 to 42% by 2050. Wind energy will be the principal contributor to the growth of energy generation from renewable sources from 2020 through 2024, accounting for two-thirds of the growth.

The NREL’s study, however, added that fundamental changes are required to be made to the grid system to handle the electricity generated by renewables. New high-voltage transmission lines and electricity storage technologies, apart from institutional reforms and policies, are required to achieve the goal.

Related Companies

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology