Insights · May 20th, 2016

iStock_000016699748XSmallThis is a pretty astonishing development. Almost all new U.S. electricity generation installed in Q1 2016 was in the form of renewables, either solar or wind. The actual numbers from a FERC update

    New Wind Generation – 700 MW added
    New Solar Generation – 500 MW added
    New Natural Gas Generation – 18 MW added
    New Coal or Nuclear Generation – 0

These numbers probably underestimate renewables since projects less than 1 MW are not counted, meaning most new roof top solar is not counted.

Renewables have of course made up most new electricity generation for some time, but these first quarter numbers bring home just how investment is shifting and quite quickly.

Category
Environment & Energy
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Nikolas Badminton

Nikolas is the Chief Futurist of the Futurist Think Tank. He is world-renowned futurist speaker, a Fellow of The RSA, and has worked with over 300 of the world’s most impactful companies to establish strategic foresight capabilities, identify trends shaping our world, help anticipate unforeseen risks, and design equitable futures for all. In his new book – ‘Facing Our Futures’ – he challenges short-term thinking and provides executives and organizations with the foundations for futures design and the tools to ignite curiosity, create a framework for futures exploration, and shift their mindset from what is to WHAT IF…

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