Renewable energy production in the United States reached an all-time high of 13,405 trillion British thermal units in 2022. Consumption followed closely behind at 13,177 trillion British thermal units.
U.S. investment in clean energy
The United States' investment in renewables has greatly increased in the past two decades. Clean energy in the United States currently comes primarily from wind, solar, and hydropower, with significant contributions from biofuel and biomass - also known as biopower. Despite growth in the clean energy industry, investment has risen less consistently than consumption and production of renewables. Research and investment were motivated not only by environmental concerns, but also by unstable markets for traditional fossil fuels.
Crisis in oil markets
When oil prices peaked during the 2008 financial crisis, investors turned toward developing renewables as well as increasing domestic oil production as a more economically viable source. During the 2010s oil glut, oversupply of shale oil followed the expansion of extraction methods such as hydraulic fracturing, used to access the country’s large reserves of sandstone deep underground.
Renewable energy production and consumption in the United States from 1975 to 2022
(in trillion British thermal units)
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EIA. (June 27, 2023). Renewable energy production and consumption in the United States from 1975 to 2022 (in trillion British thermal units) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/224747/renewable-energy-production-and-consumption-in-the-us/
EIA. "Renewable energy production and consumption in the United States from 1975 to 2022 (in trillion British thermal units)." Chart. June 27, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/224747/renewable-energy-production-and-consumption-in-the-us/
EIA. (2023). Renewable energy production and consumption in the United States from 1975 to 2022 (in trillion British thermal units). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/224747/renewable-energy-production-and-consumption-in-the-us/
EIA. "Renewable Energy Production and Consumption in The United States from 1975 to 2022 (in Trillion British Thermal Units)." Statista, Statista Inc., 27 Jun 2023, https://www.statista.com/statistics/224747/renewable-energy-production-and-consumption-in-the-us/
EIA, Renewable energy production and consumption in the United States from 1975 to 2022 (in trillion British thermal units) Statista, https://www.statista.com/statistics/224747/renewable-energy-production-and-consumption-in-the-us/ (last visited July 22, 2024)
Renewable energy production and consumption in the United States from 1975 to 2022 (in trillion British thermal units) [Graph], EIA, June 27, 2023. [Online]. Available: https://www.statista.com/statistics/224747/renewable-energy-production-and-consumption-in-the-us/