EIA: Solar Leads Way in Nearly 63 GW of U.S. Power Additions in 2024

February 16, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--In its latest Preliminary Monthly Electric Generator Inventory, the U.S. Energy Information Administration (EIA) reports that U.S. power plant developers plan to add 62.8 gigawatts (GW) of generation this year. Leading the way is solar energy, with more than 36 GW in planned capacity additions. Solar, battery energy storage and wind lead the way in terms of capacity expected to be added this year, indicative of the transition toward cleaner forms of energy, while planned natural gas-fired capacity hovers at its lowest in 25 years.

Companies featured: NextEra Energy Incorporated (NYSE:NEE), National Grid plc (NYSE:NGG), Southern Company (NYSE:SO), TransAlta Corporation (NYSE:TAC)