What this report demonstrates is what those of us in the industry have long known—that the future of U.S. energy production lies in renewables. - Quayle Hodek, CEO of Renewable Choice Energy.
Boulder, CO (PRWEB) September 19, 2013
Renewable Choice Energy (http://www.renewablechoice.com) announced today that it has published a new special report on the successful growth of U.S. renewable energy. The firm’s How Renewables are Winning paper reviews the most current information on the recent, considerable market gains made by both wind and solar power.
The report details how the quantity of renewable energy in the U.S. has been steadily on the rise for the past 15 years, experiencing exponential growth in 2012. Since 1998, total U.S. wind power capacity, for example, has increased from a single gigawatt to 65 gigawatts. At the same time, traditional sources of U.S. electricity production, including coal-fired power plants, have been in decline.
The report further shows how between 2009 and 2012, U.S. renewable energy capacity doubled, and in the first six months of 2013, became one of the leading sources of electricity generation. The growth is attributed to falling renewable technology prices, market investment, voluntary purchasers of renewable energy credits (RECs), compliance markets, and tax incentives.
“What this report demonstrates is what those of us in the industry have long known—that the future of U.S. energy production lies in renewables,” said Quayle Hodek, CEO of Renewable Choice Energy. “Increasingly, companies are turning to sources such as wind and solar power to drive their energy strategy with excellent results.”
Renewable Choice supports the growth of the voluntary renewable energy market through the sale of RECs. RECs are the way that green power is tracked and traded in North America and have been an important part of the advancement of U.S. renewables. Currently, more than 1400 companies participate in the Environmental Protection Agency’s Green Power Partnership program, collectively purchasing more than 28 billion kilowatt hours of green power annually.
“The figures being released about the growth of U.S. renewables are impressive,” said Amy Haddon, Vice President of Communications for Renewable Choice. “This report provides the most current information about these developments, and it was our pleasure to produce it.”
About Renewable Choice
Colorado-based Renewable Choice Energy is a leading global provider of products and services that help companies understand and reduce their environmental impact. We offer green power, carbon offsets, sustainability consulting, and renewable energy advisory services to large and small businesses, including more than 50 Fortune 500 Companies. Renewable Choice was awarded the Green Power Supplier of the Year from the U.S. EPA in 2012 and is a certified ‘Best for the Environment’ B-Corporation. To learn more, visit http://www.renewablechoice.com.