2023 Wind Energy Market Reports
U.S. Department of Energy Projects Strong Growth in U.S. Wind Power Sector
Wind power continues to be one of the fastest growing and lowest cost sources of electricity in the United States. Three recently released reports on wind—land-based, offshore, and distributed—highlight the capacity for growth:
- In 2022, wind power accounted for 22% of new electricity capacity installed in the United, second only to solar, employing more than 125,000 Americans.
- Tax incentives have led to significant increases in near-term wind deployment forecasts, helping to keep wind power prices competitive with other sources of energy, like natural gas.
- Wind energy is one of the cheapest energy sources nationwide and generates enough electricity to power more than 43 million homes.
💨 Top 10 Things You Didn't Know About Wind Energy
Brush up on your knowledge of wind energy and learn about some of the lesser-known details regarding one of the most affordable clean energy sources of electricity. Read about the different wind energy sources: Wind Power, Offshore Wind Energy, and Distributed Wind Power
Funding Updates
Department of Energy and the National Science Foundation Select Three Projects to Accelerate Biomanufacturing Innovation and Advance the U.S. Bioeconomy
Three projects were selected by EERE’s Bioenergy Technologies office and the National Science Foundation in collaboration with Agile BioFoundry (ABF) to fund research in biomanufacturing approaches and processes. The recipients will leverage ABF’s biotechnology resources to reduce our dependence on fossil fuels and lower greenhouse gas emissions from fuel and chemical production.
$28 Million Will Boost Energy Efficiency and Sustainability at Federal Buildings
DOE’s Federal Energy Management Program is allocating $28.1 million for energy-efficiency measures, carbon pollution-free electricity, energy load management strategies, and climate resilience enhancements at 19 federal agencies’ facilities. These projects are expected to create annual energy cost savings of $22.7 million and avoid more than 82,600 metric tons of greenhouse gas emissions.
Equity in Energy
DOE Launches Prize to Support Clean Energy Innovation in Underserved Communities
The Community Energy Innovation Prize will award up to $7.5 million and provide mentorship opportunities to organizations supporting climate and energy innovation, entrepreneurship, capacity building, and economic development in historically underrepresented communities. The prize supports local organizations with proven track records of engaging underserved communities and/or promoting environmental, climate, and energy justice as they enact community-led climate and clean energy solutions.
Renewable News
Geothermal Collegiate Competition Registration Deadlines
The Geothermal Collegiate Competition invites teams from colleges and universities to develop real-world geothermal solutions while competing for cash prizes. Teams need to register by September 13 to be matched with an industry mentor. The final competition registration deadline is October 4.
💡Energy Explained
How Much Power is 1 Gigawatt?
Movie buffs probably remember that Doc’s DeLorean in the needed 1.21 gigawatts of power to travel through time. But if you don’t, here are some down-to-earth references for how much power one gigawatt represents:
- 469 million photovoltaic panels
- Approximately 1.3 million horses
- 2,000 Corvette Z06s running at top speed
- 100 million LED bulb
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