Electric power generation and distribution revenue in the U.S. 2010-2022
Displacement of coal-fired generation
One of the major industry trends over the last twenty years or so has been the rapid displacement of coal-fired electricity generation, which has almost halved during the decade leading up to 2018. Instead, there has been a notable shift towards wind and solar electricity generation, both of which have experienced exponential growth over the period 2008 and 2018. While electricity generated from wind has increased five-fold, solar power increased a massive 664 times.
US companies among the world’s largest
Nextra Energy, Duke Energy and Dominion Resources are not only the three largest gas and electric utilities in the U.S. but are among the . In fact, six companies out of the top 10 globally are headquartered in the U.S.