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US to add 62.8 GW of new electric capacity in 2024, driven by solar and battery storage.

The US Energy Information Administration (EIA) predicts that developers and power plant owners plan to add 62.8 GW of new utility-scale electric-generating capacity to the US grid in 2024, a 55% increase from the 40.4 GW added in 2023, the most since 2003, according to EIA’s latest Preliminary Monthly Electric Generator Inventory. Solar and battery storage are expected to make up 81% of the new US electric-generation capacity, accounting for the largest share of new capacity at 58%, followed by battery storage at 23%. More than half of this new capacity is planned for three states: Texas, California, and Florida. EIA also expects battery storage capacity to nearly double in 2024 as developers report plans to add 14.3 GW of battery storage to the existing 15.5 GW this year.

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