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Renewable energy

Renewable Energy Growth in the USA and Globally Surpasses Fossil Fuels

Strategic Insights

— 2 min read

Despite the hesitation of US President Trump to adopt renewable energy sources, the country is witnessing an impressive growth in renewable energy. In 2025 and 2026, a staggering 92% of America's new electricity generation capacity will come from solar, batteries, and wind energy. Solar energy alone is expected to account for 50% of this capacity, followed by batteries at 30%, and wind at 12%. Gas, on the other hand, is expected to contribute only 8% to the new electricity generation capacity. This transition is largely driven by economic factors, with the US having developed the manufacturing capacity to meet most of its domestic solar panel demand. The falling cost and increasing diversity of battery storage technologies also contribute to the growth of renewable energy.

Key Takeaways:

  • By 2025 and 2026, 92% of the USA's new electricity generation capacity will come from renewable sources, with solar (50%), batteries (30%), and wind (12%) being the primary contributors.
  • Solar energy generation is growing exponentially, doubling every three years since 2012, at a rate of growth unprecedented among power sources.
  • Almost 100 countries have doubled their electricity production from solar power in the last five years.
  • The Green Economy in the UK is growing at three times the rate of the whole economy.
  • Manufacturing processes are set to make solar energy even more cost-effective in the near future.
  • Demand for electricity is growing, and renewable energy growth needs to continue to meet this demand.
  • The US has developed sufficient manufacturing capacity to meet most of its domestic solar panel demand, with factories established in Alabama, Florida, Georgia, Ohio, and Texas.

Statistics:

  • 92% of America's new electricity generation capacity in 2025 and 2026 will come from renewable sources (N Knox, via email 2023).
  • 50% of the 2025 and 2026 new electricity generation capacity will be from solar energy (N Knox, via email 2023).
  • 30% of the 2025 and 2026 new electricity generation capacity will be from battery energy (N Knox, via email 2023).
  • 12% of the 2025 and 2026 new electricity generation capacity will be from wind energy (N Knox, via email 2023).
  • 8% of the 2025 and 2026 new electricity generation capacity will be from gas energy (N Knox, via email 2023).
  • Solar energy generation is doubling every three years since 2012 (since 2012).
  • Almost 100 countries have doubled their electricity production from solar power in the last five years (2023).
  • The Green Economy in the UK is growing at three times the rate of the whole economy (2023).
  • Demand for electricity is growing, and renewable energy growth needs to continue to meet this demand (2023).

Sources:

  • N Knox, via email 2023
  • Since 2012 (exact source not specified)

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