Forecast: Hydroelectricity Generation in the US

The U.S. hydroelectricity generation has displayed fluctuating trends from 2013 to 2023. The value in 2023 stood at 258.3 Terawatthours, reflecting a year-on-year variation of -0.096%. Over the past two years, there has been a mixed trend with a notable decline of 11.96% in 2021 followed by a recovery of 3.85% in 2022. The Compound Annual Growth Rate (CAGR) over the last five years portrays an average annual decline of -2.26%.

Forecasts from 2024 to 2028 predict a stabilization in hydroelectricity generation, maintaining a constant value of 258.31 Terawatthours annually, yielding a forecasted five-year CAGR and growth rate of 0%.

Future trends to watch for:

  • Potential impacts of climate change on water availability affecting hydroelectric generation.
  • Technological advancements in hydroelectric efficiency and storage capabilities.
  • Increasing integration of renewable energy sources and their effects on energy mix policies.

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