The data on nuclear energy generation in the US from 2013 to 2023 shows periods of both growth and decline. After a rise in generation from 2013 to 2019, there was a notable year-on-year decline starting in 2020, with the value standing at 809.24 Terawatthours in 2023. The most recent two years saw a combined reduction of approximately 1.38%, reflecting a consistent downtrend. Over the last five years, the Compound Annual Growth Rate (CAGR) was -0.97%, indicating a gradual decrease in generation.
The forecast for the upcoming years (2024-2028) predicts a continuation of this declining trend in nuclear energy generation, with a projected CAGR of -0.26% and an overall growth rate of -1.31%. By 2028, nuclear energy generation is expected to decrease to 795.82 Terawatthours.
Future trends to watch for include advancements in nuclear technology, regulatory changes, and shifts in energy policy that could impact future nuclear energy output. Additionally, the impact of renewable energy adoption and changes in electricity demand will be critical factors influencing the trend in nuclear energy generation.
