U.S. Renewable Power Reaches 11%

According to the Energy Information Administration (EIA) the U.S. is making strides on its goals to bolster its renewable power portfolio. In their recently released Electric Power Monthly, an overview of our country’s sources and usage, the EIA reports that renewable energy, including hyrdoelectric sources, have jumped to 11.1% of our total production. Of the individual sources, wind power posted the largest gain with a 34.8% increase. Hydroelectric power increased 18.4% The news is complimented nicely by a slide of 13.9% in coal power production, leaving it as producing 46.1% of our total power needs. The rise of cleaner energy sources has positive timing with the Waxman-Markey bill that recently passed through the House and is now being ravaged on the floor of the Senate.

Renewable Energy Production

However, the news does bear some caveats. The EIA said that total consumption by the nation declined 4.6%, undoubtedly linked to the recession and decreases in industrial and manufacturing draws. The same reason was used to explain the notable decreased in coal power with more factories producing less and thus using less energy. As a result, a recovery in the economy could add some strength back to coal’s share of the pie.

Nevertheless, the footnotes do not diminish the weight of the opportunity. Keep in mind that these figures come without money coming from stimulus funding or anything related to the Waxman-Markey bill, should it survive its journey through Congress. Moreover, it could be a blessing that more coal plants are running idle when jobs are tight and investments are low, leaving the possibility of having cleaner options to choose from when we have the reason to turn more switches back on. With all hope, we may be able to replace, or at least deter the new construction of, coal plants by buoying the power supply with new investment in green power. The more dollars that can be diverted to sustainable power creation is more jobs that the industry can tote creating as well as working to lower the prices of technology and its resulting kilowatt hours.