Intelligent Energy Decisions, April 2024
Albireo Energy | Energy Procurement Advantage Partner Program
Partnering For Success
Welcome to Intelligent Energy Decisions, a newsletter by Albireo Energy dedicated to sharing the latest energy stories, trends, and innovations. Whether you're a seasoned broker, an avid learner, or an enthusiast passionate about the energy landscape, this quarterly newsletter is for you.
As we enter the second quarter of 2024, the US energy sector stands at a pivotal crossroads where innovation, sustainability, and strategic investments intersect. Throughout the start of 2024, we have seen significant news coverage surrounding the United States' commitment to sustainable energy initiatives, exploring how the nation is harnessing its resources, talent, and technology to propel the transition towards renewable sources. From ambitious policy reforms to groundbreaking projects, the US is activating efforts to mitigate climate change and foster a more sustainable energy ecosystem. We’ve rounded up the top stories of the quarter for you in this newsletter.
Also, don’t miss our most recent blog, “America’s Renewable Energy Surge,” written by Clint Kripki, Energy Procurement and Sustainability Strategist at Albireo Energy.
Thank you for reading, and be sure to follow us on LinkedIn at Albireo Energy | Energy Procurement Advantage Partner Program where we share resources for brokers and industry professionals alike.
David Coffman
Vice President and General Manager of Albireo Energy's Procurement Division
Energy’s Top 5
1. Renewables expand to 23% of US electrical generation in 2023, with solar in the lead (Electrek.co)
According to the latest data from the US Energy Information Administration, renewables accounted for over 22.7% of electrical generation in 2023. Solar energy, in particular, saw impressive growth, with small-scale solar leading the charge, increasing by 20.1% last year.
Roughly 15% of U.S. counties have effectively halted new utility-scale wind or solar projects through various restrictions, including bans, moratoriums, and construction impediments.
3. DOE Unveils Roadmap for the Next Generation of Geothermal Power (Energy.gov)
According to the report, with continued innovation and strong public-private partnerships, the U.S. could increase geothermal energy production to 90 gigawatts or more by 2050, aligning with the nation’s goal of achieving a carbon-free electricity grid by 2035.
4. Solar power fuels over 36% of electricity demand in Texas for 5 hours (Interesting Engineering)
Texas surpassed California as the state with the highest installed solar capacity on its grid. ERCOT recently reported 18,365 megawatts of solar power capacity installed, as of September 30. That is enough to serve nearly 3.7 million homes.
5. Amid explosive demand, America is running out of power (Washington Post)
The Washington Post shared that AI and clean-tech manufacturing are two elements pushing the US power grid to maximum capacity. What is clear is the importance of strategic planning and flexibility for commercial users to mitigate risks and capitalize on emerging opportunities.
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