facebook linkedin twitter

Solar Energy Has Potential to Power 40% of Nation’s Electricity by 2035

September 8, 2021 by TWN Staff

The U.S. Department of Energy has released the Solar Futures Study detailing the significant role solar will play in decarbonizing the nation’s power grid.

The study shows that by 2035, solar energy has the potential to power 40% of the nation’s electricity, drive deep decarbonization of the grid, and employ as much as 1.5 million people—without raising electricity prices.

The study’s findings call for massive and equitable deployment of clean energy sources, underscoring the Biden administration’s efforts to tackle the climate crisis and rapidly increase access to renewable power throughout the country. 

“The study illuminates the fact that solar, our cheapest and fastest-growing source of clean energy, could produce enough electricity to power all of the homes in the U.S. by 2035 and employ as many as 1.5 million people in the process,” said Secretary of Energy Jennifer M. Granholm. “Achieving this bright future requires a massive and equitable deployment of renewable energy and strong decarbonization polices –  exactly what is laid out in the bipartisan Infrastructure Investment and Jobs Act and President Biden’s Build Back Better agenda.”   
 
In 2020, the U.S. installed a record amount of solar—15 gigawatts (GWac)—to total 76 GW, representing 3% of the current electricity supply. The Solar Futures Study, prepared by DOE’s National Renewable Energy Laboratory, shows that, by 2035, the United States would need to quadruple its yearly solar capacity additions and provide 1,000 GW of power to a renewable-dominant grid.

By 2050, solar energy could provide 1,600 GW on a zero-carbon grid—producing more electricity than consumed in all residential and commercial buildings in the country today. Decarbonizing the entire energy system could result in as much as 3,000 GW of solar by 2050 due to increased electrification in the transportation, buildings, and industrial sectors. 

The study lays out the blueprint for achieving this milestone, which requires strong decarbonization polices coupled with a massive deployment of renewable energy sources, large-scale electrification, and grid modernization. The study’s key findings include: 

  • A clean grid requires massive, equitable deployment of diverse, sustainable energy sources — The U.S. must install an average of 30 GW of solar capacity per year between now and 2025 and 60 GW per year from 2025-2030. The study’s modeling further shows the remainder of a carbon-free grid largely supplied by wind (36%), nuclear (11%-13%), hydroelectric (5%-6%) and biopower/geothermal (1%).
  • A decarbonized power sector will create millions of cross-sector jobs – The study modeling shows that solar will employ 500,000 to 1.5 million people across the country by 2035. And overall, the clean energy transition will generate around 3 million jobs across technologies.
  • New tools that increase grid flexibility, like storage and advanced inverters, as well as transmission expansion, will help to move solar energy to all pockets of America – Wind and solar combined will provide 75% of electricity by 2035 and 90% by 2050,  transforming the electricity system. The deployment of storage enables more flexibility and resilience, growing from 30 GW to nearly 400 GW in 2035 and 1,700 GW in 2050. Advanced tools like grid-forming inverters, forecasting, and microgrids will play a role in maintaining the reliability and performance a renewable-dominant grid.
  • A renewable-based grid will create significant health and cost savings –  Reduced carbon emissions and improved air quality result in savings of $1.1 trillion to $1.7 trillion, far outweighing the additional costs incurred from transitioning to clean energy. The projected price of electricity for consumers does not rise by 2035, because the costs are fully offset by savings from technological improvements.
  • Supportive decarbonization policies and advanced technologies are needed to further reduce the cost of solar energy —Without some combination of limits on carbon emissions and mechanisms to incentivize clean energy, the U.S. cannot fully decarbonize the grid—models show that grid emissions fall only 60% without policy. Continued technological advances that lower the cost of solar energy are also necessary to enable widespread solar deployment.   

Energy

September 16, 2021
by Daniel Mollenkamp
Hickenlooper Pitches New FERC Authority To Help Biden’s Clean Energy Plan

WASHINGTON- The economic impact of the switch to clean energy may have the chance to make the transition a truly... Read More

WASHINGTON- The economic impact of the switch to clean energy may have the chance to make the transition a truly bipartisan issue, according to Sen. John Hickenlooper, D-Colo. During an event Tuesday hosted by the Public Policy Institute on expanding power line capacity to enable renewable... Read More

September 15, 2021
by TWN
Biden Touts Job Creation, Climate at National Renewable Energy Laboratory

GOLDEN, Colo. -- “Yes, we face a crisis, but we face a crisis with an unprecedented opportunity to create good... Read More

GOLDEN, Colo. -- “Yes, we face a crisis, but we face a crisis with an unprecedented opportunity to create good jobs of the future, to create industries of the future, to win the future, to save the planet.” That was the message President Joe Biden delivered... Read More

September 14, 2021
by TWN Staff
Coalition Formed to Support Affordable Energy Policy Solutions for Lower-Income Households

More than 350 environmental justice advocates, environmental groups and renewable energy companies announced the formation of Residential Renewables for All... Read More

More than 350 environmental justice advocates, environmental groups and renewable energy companies announced the formation of Residential Renewables for All Tuesday. The group is focused on expanding access to the economic, health, and emissions benefits of clean energy to disadvantaged and lower-income households. Founding members of... Read More

Biden Turns to Colorado to Pitch Investments in Clean Energy

LONG BEACH, Calif. (AP) — While legislators craft the details back in Washington, President Joe Biden is pitching his massive... Read More

LONG BEACH, Calif. (AP) — While legislators craft the details back in Washington, President Joe Biden is pitching his massive domestic spending package with a visit to a renewable energy lab in Colorado to highlight how the investments in clean energy in his plan would help... Read More

September 8, 2021
by TWN Staff
Solar Energy Has Potential to Power 40% of Nation's Electricity by 2035

The U.S. Department of Energy has released the Solar Futures Study detailing the significant role solar will play in decarbonizing... Read More

The U.S. Department of Energy has released the Solar Futures Study detailing the significant role solar will play in decarbonizing the nation’s power grid. The study shows that by 2035, solar energy has the potential to power 40% of the nation’s electricity, drive deep decarbonization of... Read More

September 1, 2021
by Dan McCue
Solar Energy Project to Power 25,000 Homes in Colorado

DENVER, Colo. -- Invenergy, a privately held developer of sustainable energy solutions, has begun work on a 127 megawatt project... Read More

DENVER, Colo. -- Invenergy, a privately held developer of sustainable energy solutions, has begun work on a 127 megawatt project in Colorado that will generate enough electricity to power 25,000 homes while paying about $250,000 annually in local property taxes. Dubbed the Boutique Solar project, the... Read More

News From The Well
scroll top