Full Title: The Future of Resource Adequacy: Solutions for Clean, Reliable, Secure, and Affordable Electricity
Author(s): U.S. Department of Energy
Publisher(s): U.S. Department of Energy
Publication Date: April 26, 2024
Full Text: Download Resource
Description (excerpt):
A clean, affordable, reliable, secure, and resilient power system is a critical priority for the United States. It is essential to American households and communities, and fundamental to the nation’s economy. It is also a key national strategy to address climate change and meet our targets to reduce greenhouse gas emissions by 50% – 52% from 2005 levels by 2030 and a net-zero emissions economy by 2050.
The power system is at a time of rapid change. After a decade of nearly zero growth, electricity demand is increasing and is expected to accelerate over the next ten years due to the expansion of industries like data centers, robust investment in new and existing manufacturing sectors like semiconductors and batteries, and deployment of electric vehicles. Power supply is evolving, with older fossil fuel units retiring and new deployment of clean energy capacity, most significantly from wind, solar, and battery storage.