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Key Insights from the "Sustainable Energy in America Factbook 2025"

Feb 25, 2025

The BloombergNEF - Business Council for Sustainable Energy (BCSE) report provides a detailed look at the progress of renewable energy, energy efficiency, storage, hydrogen, EVs, and carbon capture in the U.S. Here are the major takeaways:

  • Economic Growth with Energy Productivity – In 2024, the U.S. economy expanded by 2.8%, while energy consumption grew only 0.5%, resulting in a 2.3% rise in energy productivity.
  • Diversified Energy Mix – Natural gas remains the largest electricity source (43%), while renewables reached 24% and nuclear contributed 18%.
  • Clean Energy Investments Boost Manufacturing & Jobs – Over $8 billion was invested in hydrogen electrolyzers, wind, solar, and battery supply chains in 2024.
  • Sustainable Energy Financing – The U.S. allocated $338 billion to renewables, EVs, and grid improvements, but China surged ahead with $818 billion, marking a 20% increase.
  • Greenhouse Gas (GHG) Emissions Increased Slightly – Transport remained the largest emitting sector, with industry emissions rising fastest, accounting for 89% of the 2024 increase. However, power sector emissions stayed stable.
  • Need for Energy Infrastructure Reform317 GW of new capacity applied for interconnection in 2024, but regulatory hurdles slow down expansion. Faster approvals are crucial to meet rising demand.

The U.S. is making steady progress in clean energy but must accelerate investments, infrastructure reform, and emissions reductions to stay competitive in the global energy transition.