14.3% of U.S. Electricity Generated from Renewable Sources
2014 has already been a great year for renewable around the globe, and it only looks to be getting better.
It was revealed this week that 14.3% of electricity came from renewable sources in the U.S. According to the report from the U.S. Energy Information Association, 7.3% of electrical generation came from solar, wind, geothermal, and biomass, while the remaining 7% was generated by hydro power.
Generation from non-hydro sources grew 10.3% since the first half of 2013. Not surprisingly, the biggest gain was solar, which almost doubled in its 115.7% growth. Wind increased 9%, while biomass grew 4%. Geothermal and conventional hydropower dropped off at bit at 1.5% and 4.2%, respectively.
Figures in the industry are optimistic about the future of energy and believe the future may be closer than we believe.
"Not long ago, EIA was forecasting that renewables would not reach 14% of U.S. electrical generation until the year 2040," Ken Bossong, executive director of the Sun Day Campaign, said. "And even the current 14.3% figure undoubtedly understates the real contribution from renewables inasmuch as EIA's data does not fully reflect distributed and off-grid generation."
The net growth for renewables was calculated around 2.73%.
This news comes as numbers also showed that 2014 will be a banner year for solar panel installers, driving the huge growth within the solar industry. Demand is growing rapidly and the industry is currently experiencing a robust boom.
As more state incentives are put in place, solar will continue to lead in renewable in the next few years.
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.