08-17-24 RSO News PM

Solar and Wind Are Finally Overtaking Coal

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“Those who expect to reap the blessings of freedom must, like me, undergo the fatigue of supporting it.”

—Thomas Paine

Renewable Energy Surpasses Coal in Historic Shift for U.S. Power Generation

In an unprecedented shift within the U.S. energy sector, wind and solar power have collectively outstripped coal in electricity generation through the first seven months of the year, according to recent federal data. This development marks a significant milestone in the ongoing transition towards renewable energy sources.

Historically reliant on coal, the U.S. has seen a gradual decline in its usage due to the closure of many coal plants and the rapid expansion of renewable energy technologies. In 2023, wind and solar briefly surpassed coal in May, only to fall behind during the high-demand summer months. However, this year's data indicates a more sustained shift, with renewables maintaining their lead even through the peak demand of July.

While renewables are gaining ground, the power sector still faces challenges in meeting the burgeoning demand. Mark Repsher, an analyst at PA Consulting Group, pointed out the need for additional power generation capacity. “Renewables will continue to be a huge part of the industry, but I think there will be an inflection point where the incremental value of an additional megawatt-hour from renewables will be less than some other alternatives,” Repsher explained, suggesting a potential shift in future energy strategies.

Despite these challenges, the rapid deployment of renewable technologies, particularly in states like Texas, demonstrates their capability to support grid stability. “Texas is sailing through a crazy summer thanks to record wind, solar, and battery output,” O’Connell remarked, underscoring the effectiveness of these resources in real-time energy supply.

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