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US Renewable Power Set to Get More Than 20% Boost From New Climate Law

Bloomberg · David R Baker · last updated

Accelerated by the Inflation Reduction Act, solar capacity will more than triple from 2021 to 2030 and battery storage will jump exponentially, predicts BNEF.

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Related Knowledge Center: ENERGY BASICS: solar

State of Play

Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.

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Related Knowledge Center: Energy storage

State of Play

A key to the adoption of renewable energy is the development of economical ways to store energy, in the form of batteries or other technologies. 

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