Recent monthly energy review reveals that renewable energy is increasingly contributing to US energy production and consumption

About The Authors

28th July 2017 11:36 - Utilities

Recent monthly energy review reveals that renewable energy is increasingly contributing to US energy production and consumption: Statistics show that renewable energy is on the rise; contributing to a tenth of US consumption and 15% of electricity generation.

                 Recent monthly energy review reveals that renewable energy is increasingly contributing to US energy production and consumption

Published in May 2017, the U.S. Energy Information Administration explains that America’s renewable energy production and consumption are at equal rates, with the exception of biofuels.  

The EIA have recorded their findings by measuring the heat content from the following renewable energy sources: hydroelectric power, geothermal, solar, wind and biomass.

In 2016, the EIA reported that the overall total of renewable energy consumption amounted to 10.2 quadrillion British thermal units, (Btu); with the electricity sector contributing to over half of their consumption rates. Nonetheless, the statistics for 2017 seem to be on the rise.

The statistics also show that the total for 2017’s January and February production stands at 1,774 trillion Btu, while the consumption rates are 1,749 trillion Btu. In comparison to last year, the total for January and February production rates increased by 73Btu; with consumption rates also increasing by 61Btu.

Since 2012, production has been on the rise, whereas the consumption rates continued to increase since 2001. It has been recorded that around the year 2013, both rates started to outweigh one another. 

By 2040, the electricity sector is expected to contribute over a quarter of the world’s electricity. Supported by EIA’s study, in comparison to other resources, renewable energy and nuclear electric power have steadily increased over the past 65 years, whereas fossil fuels have been on a steady decline since 2006.

Nonetheless, despite the rise of clean energy, one disadvantage to this environmental friendly solution is the struggle to produce the masses of power that fossil fuels currently generate. However, with the advancement of technology and current US statistics, renewable energy is definitely becoming an increasingly popular source for America. 

Sign up for free insights from your sector…

Antispam code: 3016

Support Us..

We hope that you have found this article useful. This section is freely available for all to use. Please help support it by liking us or following us on our social media platforms:

Share this article..

For updated Utilities insights please follow us on @DJS_Utilities or use our RSS feed

Other Utilities Research Findings

Other Latest Market Research Insights

© DJS Research 2017