EIA Forecast: 2024 U.S. Hydropower Generation to Reach Lowest Level Since 2001

November 8, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Energy Information Administration (EIA) in its latest Short-Term Energy Outlook (STEO) forecast that hydropower generation in the U.S., which is buoyed by capacity in the Pacific Northwest, specifically Washington, could reach its lowest level since 2001. But even with the projected drop in hydropower generation, Industrial Info is tracking about $2 billion worth of related projects under construction in the U.S.--about half of which is attributed to updating existing hydro facilities in Washington. Hydropower projects often take years to complete.