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Renewables Catching Nuclear Power In Global Energy Race

R-Squared Energy

This article is the fifth in a series on BP’s recently-released Statistical Review of World Energy 2019. Previous articles in this series covered carbon dioxide emissions, petroleum supply and demand, the production and consumption of coal, and global natural gas trends: BP Warns Of An Unsustainable Path. Renewables.

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Renewables became second-most prevalent U.S. electricity source in 2020, per EIA

Renewable Energy World

according to the Energy Information Administration , coming in second to natural gas at 1,617 billion kWh. Only natural gas produced more electricity than renewables in the U.S. Renewables surpassed nuclear (790 billion kWh) and coal (774 billion kWh) generation for the first time on record. In 2020, U.S.

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Highlights From The BP Statistical Review Of World Energy 2021

R-Squared Energy

Small declines were also reported in coal, natural gas, and nuclear consumption, while renewables and hydropower recorded gains. The remainder of global energy consumption came from coal (27.2%), natural gas (24.7%), hydropower (6.9%), renewables (5.7%), and nuclear power (4.3%).

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Fossil Fuels Still Supply 84 Percent Of World Energy

R-Squared Energy

The Review covers energy data through 2019, and provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. Natural gas contributed the second largest increment with 36% of the increase. Natural gas production grew to a new record, with U.S.

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Low carbon generation set to meet electricity demand growth – IEA

Smart Energy International

Nuclear power generation also is expected to reach an all-time high, with growth averaging close to 3% per year. Global CO2 emissions also are expected to decline, averaging 4% between 2023 and 2026, which is more than double the 2% in the period from 2015 to 2019. annually through 2026.

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Hitachi Completes Acquisition of ABB Power Grids to Tackle Renewable Energy’s Rise

GreenTechMedia

ABB’s Power Grids unit earned about $10 billion in annual revenues last year from its businesses ranging from high-voltage transmission systems and transformers to distribution grid controls and battery systems. GE also sold its industrial low-voltage equipment business to ABB for $2.6 billion in 2016.

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Dominion Targets 24GW of Renewables and Storage in Move Toward Virginia’s Clean Energy Goals

GreenTechMedia

That’s nearly quadruple the targets laid out in Dominion’s 2019 IRP, and a major shift from a 2018 IRP that was rejected by Virginia’s regulator, the State Corporation Commission (SCC). Under the law, Dominion Virginia and the smaller Appalachian Power Co. gigawatts of energy storage over the next 15 years.