In the United States, cumulative utility-scale battery storage capacity exceeded 26 gigawatts (GW) in 2024, according to our January 2025 Preliminary Monthly Electric Generator Inventory. Generators added 10.4 GW of new battery storage capacity in 2024, the second-largest generating capacity addition after solar. Even though battery storage capacity is growing fast, … [continued]
We expect 63 gigawatts (GW) of new utility-scale electric-generating capacity to be added to the U.S. power grid in 2025 in our latest Preliminary Monthly Electric Generator Inventory report. This amount represents an almost 30% increase from 2024 when 48.6 GW of capacity was installed, the largest capacity installation in a single … [continued]
The US Energy Information Administration put out an interesting article today. The headline focused on growth of oil consumption in India compared to China — “India to surpass China as the top source of global oil consumption growth in 2024 and 2025.” I sat looking at the chart for several … [continued]
After warnings for years from climate scientists that hurricanes were going to get bigger and more destructive, I’m absolutely shocked to learn that hurricanes this year were bigger and more destructive than normal in the US. Sarcasm aside, I lived through a couple of serious hurricanes, including going through the … [continued]
The US Energy Information Administration points out that combined sales of electric and hybrid vehicles reached a record high share of the US auto market in the 3rd quarter. All together, they accounted for 19.6% share of 3rd quarter US auto sales, half a percentage point above their 19.1% share … [continued]
Climate change grows year after year. Climate disruption becomes the norm, and then more disruption comes. We’re in a race against time, and time is winning. The good news is that renewable energy dominates new power capacity installations and new electricity generation. However, sometimes, renewable energy generation goes down, because … [continued]
Biofuels are making up an increasing share of total distillate fuel oil consumed in the United States. Beginning in the September 2024 Short-Term Energy Outlook (STEO), we began publishing forecasts for several new series that help to better capture how biofuels are being consumed and overall demand for distillate fuel oil, a classification of petroleum products that … [continued]
In the United States, electricity consumption is growing fastest in Texas, where the Electric Reliability Council of Texas (ERCOT) manages 90% of the load on the state’s power grid. One of the main sources of growing demand for power is large-scale computing facilities such as data centers and cryptocurrency mining operations, … [continued]
Electricity utilities increasingly report using batteries to move electricity from periods of low prices to periods of high prices, a strategy known as arbitrage, according to new detailed information we recently published. At the end of 2023, electricity utilities in the United States reported operating 575 batteries with a collective capacity of … [continued]
The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global … [continued]
