"Economic growth, paired with rising electrification in
end-use sectors, results in stable growth in U.S. electric power
demand through 2050," the EIA added.
(Reporting by Ashitha Shivaprasad in Bengaluru; Editing by Bill
Berkrot)
April 13 (Reuters) - The U.S. power grid will almost
double in capacity from 2022 to 2050 to meet rising demand, and
most newly built capacity will be from renewable sources, the
U.S. Energy Information Administration (EIA) said on Thursday.
Declining capital costs for solar panels, wind turbines and
battery storage, as well as government subsidies in renewable
will make it a cost effective option for building new power
capacity, EIA said.
The agency said in a high economic growth and low
zero-carbon technology cost scenario, renewable capacity will
rise nearly 600% between 2022 and 2050.
In a low economic growth and high zero-carbon technology
cost combination case, renewable will still see 230% growth, it
said.
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