Based on a latest evaluation by the U.S. Power Info Administration (EIA), photo voltaic and battery storage is predicted to dominate new electrical energy era capability for this yr.

In 2024, there are at the moment plans so as to add 62.eight gigawatts of utility-scale electrical producing capability, about 55% larger than the 40.four gigawatts of capacity added last year.

New photo voltaic electrical producing capability is predicted to make up a lot of the share of latest capability added in 2024 at round 58%, and battery storage is predicted to make up about 23%, in keeping with EIA’s Preliminary Monthly Electric Generator Inventory.

Photo voltaic progress may almost double final yr’s numbers, reaching an added 36.four gigawatts of latest utility-scale electrical producing capability in 2024 in comparison with the 18.four gigawatts of photo voltaic electrical producing capability added in 2023. Initially, there have been 29.1 gigawatts of deliberate photo voltaic growth for 2023. Photo voltaic had been on the rise from 2010 to 2021, however then declined from 2021 to 2022. Now, it’s again on the rise with this yr’s predictions.

“As the consequences of provide chain challenges and commerce restrictions ease, photo voltaic continues to outpace capability additions from different producing assets,” EIA reported.