A nearly daily update of energy-related news:
- Coal and natural gas were the top two (respectively) primary fuel sources for the U.S. in 2015 according to the latest data released by the EIA. Coal produced 1.4 billion MWh per day in 2015 while natural gas produced a record high 1.3 billion MWh per day of electricity on average. The next biggest sources of power in 2015 were nuclear followed by non-hydro and solar renewables.
- In his annual letter to shareholders, Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., pledged to spend $15 billion on renewable-power development. Buffett stated that subsidized wind and solar power in the U.S. may bring challenges to the power industry saying “Tax credits, or other government-mandated help for renewables, may eventually erode the economics of the incumbent utility, particularly if it is a high-cost operator…”
- Utility Dive’s State of the Electric Utility 2016 report shows that 91 percent of the survey respondents expect utility-scale solar’s share of the power mix to increase over the next five years. Coal, nuclear power and petroleum generation are all projected to decrease over the next 20 years.