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BCSE 2025 report indicates U.S. is ready to meet sustainable energy demands

Annual Factbook tracking market and policy trends offers insight on the U.S.’ sustainable energy portfolio from 2024, including capacity, investment and deployment.

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According to BCSE, corporate procurement of renewable energy set a record in 2024, contracting 28 gigawatts (GW), up 34% from 20.9 GW in 2022. Source |  Developed in partnership with the Business Council for Sustainable Energy

The “,” produced annually for the Business Council for Sustainable Energy (BCSE) by  (London, U.K.) has been released, providing year-over-year data and insights on the U.S. energy expansion.

According to data, 2009-2024 saw only a 0.6% compound annual growth rate (CAGR) for electricity sales. This changed in 2024, driven by growth in renewable energy technologies and by stable natural gas generation capacity. These energy growth sectors faced favorable market conditions as the U.S. eyed rising energy demand, from new industrial sources and transportation, to efforts to onshore U.S. manufacturing and a focus on AI.

The 2025 Factbook covers the progress of the energy efficiency, natural gas and renewable energy sectors, in addition to sustainable infrastructure, energy storage, hydrogen, renewable natural gas, electric vehicles (EVs), digitalization, industrial emissions, carbon capture and storage, and more.

A few notable highlights include:

  • A record-breaking $338 billion in energy transition financing was deployed in the U.S. for clean energy technologies, including renewables, EVs and power grids.
  • Some 54 gigawatts of new renewable power-generating capacity was added to the U.S. grid, primarily driven by robust solar additions. Renewable energy use also set new highs: 9.2% of total U.S. energy demand and 24% of electricity demand.
  • EV sales crossed 1.5 million, growing by 6.5%. Despite declining annual sales by Tesla, strong growth by other automakers more than offset that drop.
  • Interest in “clean” U.S. hydrogen is growing, but developers spent the year waiting for guidance. The U.S. had 79 megawatts of operational electrolyzer capacity at the end of 2024; developers have announced plans for another 34.7 gigawatts of clean hydrogen capacity in the coming years. 
  • U.S. “energy productivity” set a new record in 2024 as economic growth outpaced energy consumption and grew 2.3% year on year. The trend is even starker over the past 10 years, during which GDP has grown by 27.6% while primary energy consumption has decreased 1.3%. The result: a 29.3% increase in productivity.
  • Corporations buying clean power set a new record in 2024, signing up to buy 28 gigawatts of zero-carbon power. The year was marked by diversifying away from wind and solar, and a pivot toward partnerships and investment with nuclear plants.

These trends and many others are discussed in far greater depth, and with graphic illustrations, in the Factbook itself. .

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