The United States is set to include an overall of 8.6 gigawatts (GW) of natural gas-fired electrical producing capability in 2023, more than the gas-fired additions in 2022 and 2021, the U.S. Energy Details Administration (EIA) stated on Monday.
As lots of as 10 natural gas-fired power plants have actually currently come online up until now this year, including 6.8 GW of electrical producing capability, EIA’s Month-to-month Electric Generator Stock revealed. Another 6 gas-fired power plants with a combined power producing capability of 1.8 GW are anticipated to begin operations by the end of this year, bringing overall 2023 additions to 8.6 GW, the EIA stated.
The capability additions from combined-cycle gas turbine (CCGT) plants and simple-cycle gas turbine (SCGT) plants in 2023 will be greater than the 5.6 GW of capability additions that originated from 11 brand-new natural gas-fired power plants in 2022.
” Overall natural gas-fired capability additions increased in both 2022 and 2023 after successive decreases in the previous 3 years,” the EIA stated.
This year’s brand-new gas-fired power plants are focused near the most significant natural gas-producing basins in Appalachia and near the Gulf Coast, in addition to in Florida, per the EIA information.
The administration anticipates 20 brand-new natural gas-fired power plants to come online in the next 2 years, 2024 and 2025, with an overall capability of 7.7 GW.
Gas represented 39.8% of U.S. utility-scale electrical energy generation in 2022, and was the biggest source of power generation in America by a mile. Coal and nuclear power followed with 19.5% and 18.2% of utility-scale electrical energy generation. All renewable resource sources, consisting of hydropower, held a combined share of 21.5% of U.S. utility-scale electrical energy generation in 2022, with wind having the most significant share of U.S. power generation, at 10.2%.
Up until now this year, all significant U.S. power markets have actually relied more on gas to keep a well balanced grid system. Increased gas-powered generation highlights the truth that the nonrenewable fuel source continues to play an important function in stabilizing the power systems amidst high cooling need in heatwaves, lower-than-usual wind speeds, and lowered hydropower generation due to dry spell.
By Charles Kennedy for Oilprice.com
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