The renewable power generation in the US stood at 8 Exajoules in 2023. The forecasted data indicates a steady growth, with values increasing from 8.61 Exajoules in 2024 to 12.03 Exajoules by 2028. This represents year-on-year variations of approximately 10%, 9%, 8%, and 7.6% for 2025, 2026, 2027, and 2028 respectively. Over the forecasted period, the Compound Annual Growth Rate (CAGR) is estimated to be around 8.6%.
Future trends to watch for include advancements in renewable technologies, such as solar and wind power, government policies promoting clean energy, and investments in grid infrastructure. Market dynamics like energy storage solutions and consumer demand for sustainable energy sources will also significantly influence the growth trajectory in renewable power generation.