in Up Front
print the content item



Renewable energy provided 13% of U.S. electricity generation in 2013, up from 12% in 2012 and just 8% in 2007, according to a new report by Bloomberg New Energy Finance (BNEF). The report, produced for The Business Council for Sustainable Energy, covers renewables, energy efficiency and natural gas.

The report also says renewable energy costs reached all-time lows in 2013, allowing clean energy, with the aid of incentives, to be cheaper than fossil fuel electricity in some parts of the country. Small, distributed generators and off-grid installations, meanwhile, began to emerge as a transformative force in the power industry, the report adds.

Uncertain and chaotic energy policy in Washington was the biggest speed bump for clean energy in 2013, according to BNEF. For example, new wind power installations decreased dramatically last year due to the late extension of the wind production tax credit. Conversely, BNEF notes federal solar tax credits did not require renewal for 2013, which helped propel a dramatic 50% increase in cumulative solar installations.

"We urge legislators and policymakers to clarify and stabilize clean energy policies both at the federal and state levels in order to accelerate America's energy transformation," comments Lisa Jacobson, president of The Business Council for Sustainable Energy. "Clean energy technologies have made major gains in the last five years, and further growth will help reduce greenhouse gas emissions, improve our energy security and strengthen the U.S. economy."

BNEF notes that renewable energy, energy efficiency and natural gas are mainly responsible for the nearly 10% decline in U.S. greenhouse gas emissions since 2005, taking the country more than halfway to President Barack Obama's goal of achieving a 17% reduction in emissions by 2020.

"The changes unfolding in the U.S. energy industry have been profound and, by the typical time scale of the industry, abrupt," says Michel Di Capua, head of North American analysis for BNEF. "The effects of these changes will be felt in seemingly every nook and cranny of the American economy, from military bases to manufacturing plants, from homes to highways. 2013 saw some detours from the long-term trends, but overall, it is clear that the long-term transformation of how the U.S. produces and consumes energy continues."


Hse SandyHook
Latest Top Stories

SaskPower Halts Smart Meter Installations Following Fires

The Canadian utility has suspended its smart meter deployment as it investigates half a dozen fires associated with the meters.


New Study Underscores Value Of Customer Engagement, Ranks Most-Trusted U.S. Utilities

According to the report, which analyzes 125 utilities across the country, earning a customer's trust can lead to monetary gains.


Washington State Doles Out Cash For Utility Energy Storage Projects

Three utilities have been awarded millions of dollars in grants to explore energy storage technology that could help integrate renewable and improve the power grid.


Utilities Reveal Just How Much Customers Are Saving With Energy Efficiency Programs

Two U.S. utility companies have issued progress reports and solid numbers regarding their respective initiatives.


Middle East And North African Countries To Spend Billions On Smart Grids, Solar Integration

According to a new report from Northeast Group LLC, the MENA region will make big investments to modernize the grid and add more solar power by 2024.

S&C Electric_id176
edf_id180