U.S. to Add More than 16 GW of Gas-Fired Capacity through 2025
Attachment: US NG EIA 1023
October 19, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--So far in 2023, a total of 6.8 gigawatts (GW) of natural gas-fired power-generation capacity has been brought online in the U.S., according to the U.S. Energy Information Administration (EIA), with another 1.8 GW expected to be brought online before the end of the year. From 2024 through 2025, the EIA expects a total of 7.7 GW of U.S. gas-fired capacity to enter service.
Industrial Info is tracking nearly $2 billion worth of U.S. gas-fired power-generation projects set to be completed before the end of the year, and more than $15.6 billion worth currently expected to wrap up from 2024 through 2025. The bulk of the gas-fired unit additions through 2025 are combined-cycle, as they are highly efficient and designed to run for extended periods of time, according to the EIA.
Other companies featured: Southern Company (NYSE:SO), NorthWestern Corporation (NASDAQ:NWE), Caterpillar Incorporated (NYSE:CAT), El Paso Electric Company, Entergy Corporation (NYSE:ETR) and Mitsubishi Power Americas Incorporated.
