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11 October 2021

Weekly data: Natural gas may obstruct Biden’s goal of carbon-free electricity by 2035

The US electricity sector has 14 years to decarbonise to meet Joe Biden's target, but natural gas still forms a major part of the country’s power pipeline.

By Mirela Petkova

US President Joe Biden campaigned and won the November 2020 US elections on a bold platform for a sustainable economic recovery, a key aspect of which is a carbon-free power sector by 2035.

Free Report
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Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.
The BP-Husky Toledo refinery in Oregon, Ohio, US, June 2017. (Photo by Luke Sharrett/Bloomberg via Getty Images)

Energy Monitor’s Weekly data looks at the net change in electricity generation capacity from July 2020 to July 2022, to assess progress towards this goal in real time. Renewable energy sources are skyrocketing, with close to 30GW due to be added to the grid, data from the US Energy Information Administration (EIA) shows.

Coal-fired generation fell by 20% in 2020 compared with 2019 and is unlikely to recover to pre-pandemic levels. However, natural gas is set to experience growth of close to 9GW in a single calendar year.

Natural gas contributes 21% to the world’s energy-related CO2 emissions and the latest modelling from the International Energy Agency says gas consumption in 2050 should be 55% lower than today in a net-zero pathway. Nevertheless, investments in gas continue. In the US, most of these are in the states of Texas, Ohio and Pennsylvania.

For now, natural gas remains the dominant source of US electricity generation.

Free Report
img

Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

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