Renewable Energy Outpaces Coal in Power Generation for the First Time in the US in 2022

Renewable Energy Outpaces Coal in Power Generation for the First Time in the US in 2022

In 2022, natural gas surpassed renewables as the leading energy source, accounting for 39 percent of the market. Despite regulatory efforts, it is clear that clean technology has a strong footing in the United States. We anticipate that the trends will continue. President Biden’s government has extensively supported renewable energy, including the licencing of the country’s first significant offshore wind farm, while the EIA predicts that coal consumption will fall to 17 percent. Natural gas may maintain its comfortable advantage, but it suddenly faces a new key competitor.