Tag Archives: future of energy investment

Breakdown Of Alternative Energy Use in the US

Recently, the U.S. Energy Information Administration released their most recent report regarding the consumption of alternative energy in the United States. While the nation’s complete dependence on fossil fuels is readily apparent in the report, there are signs of progress as well. Nationwide, renewable energy sources accounted for over 7% of the total energy consumption. Within that 7% the main type of renewable energy that was consumed was biomass, meaning the burning of fuels produced from renewable sources such as ethanol production and biodiesel accounting for 52% of the total renewable energy consumed. The biomass sector has seen substantial growth, more than doubling its market share in the period between 2004-2008. The second leading source of renewable energy consumed was hydroelectric power which accounted for 34%. Hydroelectric energy production has remained steady (with minor fluctuations due to water levels) at between 2.2 and 3.6 quadrillion Btu/yr for about 20 years. The leading states as far as hydroelectric power generation were Washington, Oregon, New York, California, Montana and Idaho, although there was some growth in Alabama, Arkansas and New York. Since plans for the construction of new dams is limited, it can be expected that these figures will continue basically unchanged.
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