Xcel Energy unveils $15bn plan to add 6.5GW of renewables and energy storage in Colorado - Recharge
Xcel Energy unveils $15bn plan to add 6.5GW of renewables and energy storage in Colorado | Recharge
US utility Xcel Energy has proposed investing up to $15bn across the state of Colorado to add 6.5GW of renewable resources including energy storage and end the use of coal as fuel for power generation by 2030.
Xcel Energy unveils $15bn plan to add 6.5GW of renewables and energy storage in Colorado
The plan, if approved by regulators, would enable the US utility to cut carbon emissions 80% by 2030
20 September 2023 20:32 GMT Updated 20 September 2023 20:32 GMT
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Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.