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And how would that approach compare to using renewableenergy? Like the fact thatspoiler alertusing solar panels or wind turbines directly is three times more efficient than an approach involving hydrogen production and gas plants. But an electrolyzer might instead be powered by sources that emit a lot more carbon.
Nearly all of the alliance members have a renewable electricity standard (RES), which requires utilities in their jurisdiction to increase their use of renewableenergy to a particular percentage by a specific year. We found that states have technically feasible and highly beneficial ways to achieve 100-percent renewableenergy.
Combining those savings with IRA incentives, which reduce the cost of investing in clean energy technologies, will lower overall US energy expenditures by 3 percent in 2030 and save US households and businesses nearly $89 billion in that one year alone.
In 2021 alone, the plants slated for retirement emitted more than 28,000 tonnes of nitrogenoxides (NO x ), 32,000 tonnes of sulfur dioxide (SO 2 ), and 51 million tonnes of carbon dioxide (CO 2 ), according to EIA data. GW of gas capacity set to retire, but also slightly outpacing the planned additions of windpower.
Hydrogen’s supply-side has been buttressed by incentives from state and federal governments, refineries and utilities looking to extend the life of fossil fuel infrastructure, and renewableenergy companies seeking to take advantage of the huge amounts of clean energy needed to produce green hydrogen.
The United States has abundant offshore wind resources, off the coasts and in the Great Lakes. This includes some of the most-attractive wind resources in the world off both the East and West Coasts. Reducing carbon emissions is another significant benefit of avoiding the burning of fossil fuels with offshore wind.
Some scientists and energy experts say the U.S. can’t wholly abandon fossil fuel as it ramps up renewableenergy sources. Fossil fuel, they argue, will still be needed in the near term as a backstop for the intermittency of solar and windpower and to keep consumer power bills affordable.
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