Developers and power plant owners plan to add 62.8 GW of new utility-scale electric-generating capacity in 2024, according to the US Energy Information Administration's (EIA) latest <a href="https://www.eia.gov/electricity/data/eia860m/" target="_blank">Preliminary Monthly Electric Generator Inventory</a>. This addition would be 55% more added capacity than the 40.4 GW added in 2023 (the most since 2003) and points to a continued rise in industry activity. EIA expects solar to account for the largest share of new capacity in 2024, at 58%, followed by battery storage, at 23%.
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Jun 22, 2026
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