The BCSE 2025 report reveals that the U.S. is poised to meet the growing demands for sustainable energy. This annual Factbook, which tracks market and policy trends, provides valuable insights into the U.S. sustainable energy landscape as of 2024, including data on capacity, investment, and deployment.
According to the report, corporate procurement of renewable energy reached a record high in 2024, contracting 28 gigawatts (GW), a 34% increase from 20.9 GW in 2022. Developed in collaboration with the Business Council for Sustainable Energy, the “Sustainable Energy in America Factbook,” produced annually by BloombergNEF, presents year-over-year data and insights on the expansion of the U.S. energy sector.
From 2009 to 2024, electricity sales exhibited only a 0.6% compound annual growth rate (CAGR). However, this trend shifted in 2024, driven by advancements in renewable energy technologies and a stable natural gas generation capacity, as well as rising energy demand from new industrial sectors and transportation.
Among the key highlights from the 2025 Factbook are:
- A remarkable $338 billion in energy transition financing was allocated in the U.S. for clean energy technologies, including renewables, electric vehicles (EVs), and power grids.
- The U.S. grid added approximately 54 gigawatts of new renewable power-generating capacity, primarily due to significant growth in solar energy.
- Renewable energy consumption reached new heights, accounting for 9.2% of total U.S. energy demand and 24% of electricity demand.
- EV sales surged past 1.5 million units, marking a 6.5% growth, despite a decline in Tesla’s annual sales; other automakers compensated for this drop with strong growth.
- There is increasing interest in “clean” U.S. hydrogen, with developers waiting for further guidance. By the end of 2024, the U.S. had 79 megawatts of operational electrolyzer capacity, with plans for an additional 34.7 gigawatts in development.
- U.S. energy productivity set a new record in 2024, with economic growth outpacing energy consumption, resulting in a 2.3% year-on-year increase. Over the past decade, GDP has increased by 27.6%, while primary energy consumption has decreased by 1.3%, yielding a 29.3% rise in productivity.
- Corporations made significant strides in purchasing clean power, signing contracts for a record 28 gigawatts of zero-carbon power in 2024, marking a shift away from wind and solar toward nuclear partnerships and investments.
These trends, along with many others, are discussed in detail in the Factbook, which also includes graphical illustrations. To access the full report, click here.
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