The CEO of Nextracker Inc. predicts a surge in solar power production in the US due to surging electricity demand from data centers, electric cars, and heating systems. Solar is predicted to be the fastest growing US energy source and is forecast to expand by 26% annually through 2028. Despite delays in permitting and connecting solar farms, as well as higher capital costs, solar is expected to grow rapidly. US utilities are expecting the largest rise in electricity use in a generation, with data center consumption expected to triple by the end of the decade. Solar has announced over 25 gigawatts of annual manufacturing capacity in US, helped by tax incentives from President Joe Biden’s Inflation Reduction Act.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
