Focus on Renewable Energy Spurs Concerns Over Supply–Demand Equation
The Kayenta Solar Plant in Kayenta, Ariz., on June 23, 2024. In late February, the U.S. Department of Energy announced that it would begin plans to provide $76.5 million in federal financing to the Navajo Nation's Red Mesa Tapaha Solar Farm in southeast Utah. Brandon Bell/Getty Images

Focus on Renewable Energy Spurs Concerns Over Supply–Demand Equation

Global electricity demand could increase by 30 percent to 75 percent by 2050, according to a US energy agency.
Updated:
The nation’s utilities generated 5 percent more electricity during the first six months of 2024 than in the first half of 2023 because of a hotter-than-normal start to summer and increasing power demands from the commercial sector, the Energy Information Administration (EIA) said in its July Short-Term Energy Outlook.

Some fear that intermittent renewable energy from the sun, the wind, water pressure, and geothermal steam can’t reliably keep pace with rapidly growing energy demands without redundant fossil fuel generation unless battery storage and transmission technologies advance.

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