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  1. But even with this strong growth, renewables will only be able to meet around half the projected increase in global electricity demand over those two years, according to the new IEA report. Fossil fuel-based electricity generation is set to cover 45% of additional demand in 2021 and 40% in 2022, with nuclear power accounting for the rest.
  2. realclearenergy.org

    May 10, 2024The U.S. faces a surge in electricity demand over the coming years and we are woefully unprepared to manage it. According to reports filed this year with the Federal Energy Regulatory Commission, grid planners expect nationwide electricity demand to grow 4.7% over the next five years. This drastic update from the 2.6% growth prediction made back in 2022 is emblematic of how quickly demand is ...
  3. news.web.baylor.edu

    Feb 12, 2024The Energy Information Administration (EIA) projects that renewable energy generation will need to triple to meet even a 45% share of energy production, indicating that in many instances renewable energy would be used as an additional source to meet growing energy needs, instead of a transitional tool away from fossil fuels.
  4. nicholasinstitute.duke.edu

    Nov 20, 2024The surge in energy demand also comes at a time when utilities are facing lengthy delays in connecting new resources—particularly renewables such as wind and solar—to the power grid. Here are five key takeaways from the analysis: 1. Significant new investments will be needed over the next decade to respond to high electricity demand growth.
  5. Jan 11, 2024Even with a three-fold growth in renewable energy supply, a 42% shortfall is predicted by 2050. ... Even three-fold growth in renewable energy supply won't be enough to meet energy demand by 2050. Image: World Economic Forum. ... the amount of energy used - in current and future activity. Existing and affordable technologies already exist ...
  6. Many large oil producers were unable to boost supply to meet rising demand - even with the incentive of sky-high prices - because of a lack of investment in recent years. ... sustainable renewable energy such as wind and solar, just as the 1970s oil shocks spurred major advances in energy efficiency, as well as in nuclear, solar and wind ...

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