Connexion

Biomass: Prospects for the U.S. Power Sector

Renewable energy production is expected to continue its growth in the United States in the coming years, according to the latest forecast from the Energy Information Administration (EIA). The use of biomass in the electricity sector is also expected to continue.

Partagez:

The U.S. Energy Information Administration (EIA) released its latest short-term energy outlook report on March 7. According to the report, renewables are expected to account for 24 percent of U.S. electricity generation this year, rising to 26 percent by 2024. In 2022, renewable energies represented 22% of electricity production.

Electricity generation from biomass reached 26.7 billion kilowatt hours (kWh) last year. In 2023, biomass production is expected to drop to 25.5 billion kWh, before partially recovering to 26 billion kWh in 2024.

Biomass consumption in the electricity sector

The power sector is expected to consume 0.213 quadrillion Btu (quad) of biomass from waste this year, the same level as in 2022. This consumption is expected to decline slightly to 0.212 quad next year. In 2022, the consumption of biomass from waste was 0.412 quad.

The power sector is also expected to consume 0.179 quad of wood-based biomass this year, up from 0.2 quad in 2022. This consumption is expected to increase to 0.186 quad next year.

Biomass consumption in the industrial sector

In the industrial sector, the consumption of biomass from waste was 0.16 quad last year. This level of consumption is expected to be maintained through 2023 and 2024. The sector also consumed 0.285 quad of wood-based biomass in 2022, with consumption expected to reach 1.341 quad in 2023 and 1.362 quad in 2024.

Biomass consumption in the commercial and residential sectors

The commercial sector consumed 0.037 quads of biomass from waste and 0.083 quads of biomass from wood last year. These consumption levels are expected to be maintained this year and next.

The residential sector is expected to consume 0.482 quads of wood-based biomass in 2023 and 2024, the same level as in 2022.

Biomass production capacity

The power sector had 3.5 gigawatts (GW) of biomass-from-waste and 2.4 GW of biomass-from-wood capacity at the end of 2022. Waste biomass capacity is expected to increase to 3.6 GW by the end of 2023 and be maintained at that level through the end of 2024.

  • Populaires ​
TerraPower raises $650 million with NVIDIA for modular reactors
France sets renewable energy target of 200 TWh by 2030
Indonesia and Russia strengthen strategic partnership on civil nuclear energy
EDF and the French State Agree on €70 Billion Plan for EPR2
Micro-cracks at Civaux: EDF ensures limited impact on nuclear production
Seoul freezes electricity rates amid LNG supply risk concerns
South Korea abandons plans to lower electricity rates this summer, fearing disruptions in liquefied natural gas supply due to escalating geopolitical tensions in the Middle East, despite recent declines in fuel import costs.
Russia ready to deliver liquefied natural gas to Mexico
Russia positions itself to supply liquefied natural gas to Mexico and considers expanded technological sharing in the energy sector, according to Russian Energy Minister Sergey Tsivilyov.
Israel resumes gas exports to Egypt and Jordan
Israel has partially resumed its natural gas exports to Egypt and Jordan following a week-long halt due to the closure of two major offshore gas fields, Leviathan and Karish.
Nepal Identifies Major Methane Reserve Estimated at 112 Billion m³
Nepal reveals a significant potential reserve of methane in the west of the country, following exploratory drilling conducted with technical support from China, opening new economic prospects.
Petronas and JOGMEC Sign Strategic Agreement around LNG Canada Project
Petronas formalizes a memorandum with JOGMEC to secure Japanese LNG deliveries, including a first cargo from LNG Canada scheduled for July at Toho Gas.
Serbia negotiates gas deal with Gazprom at competitive European price
Belgrade is currently finalising a new gas contract with Russia, promising Europe's lowest tariff, according to Srbijagas General Director Dusan Bajatovic, despite Europe's aim to eliminate Russian imports by 2027.
TotalEnergies and QatarEnergy secure strategic exploration licence in Algeria
TotalEnergies and QatarEnergy have won the Ahara exploration licence, marking a new stage in their partnership with SONATRACH on a vast area located between Berkine and Illizi.
TotalEnergies plans to restart its Mozambique gas project by summer 2025
After four years of interruption due to regional insecurity, TotalEnergies announces the upcoming resumption of its liquefied natural gas project in Mozambique, representing a $20bn investment.
TotalEnergies strengthens Malaysian foothold with new offshore blocks
The French group has acquired from PETRONAS stakes in several licences covering more than 100,000 km² off Malaysia and Indonesia, consolidating its Asian presence and its exposure to the liquefied natural gas market.
Egypt secures 290 LNG shipments to meet summer demand
In response to rising summer electricity consumption, Egypt signs import agreements covering 290 shipments of liquefied natural gas, involving major international firms, with financial terms adjusted to the country’s economic constraints.
Egypt: fertilizer companies halted after suspension of Israeli gas
Egyptian fertilizer producers suspended their activities due to reduced imports of Israeli gas, following recent production halts at Israel's Leviathan and Karish gas fields after Israeli strikes in Iran.
Emissions expected to surge in Texas with 130 gas plant projects
A report identifies 130 gas power plant projects in Texas that could raise emissions to 115 million tonnes per year, despite analysts forecasting limited short-term realisation.
JERA plans 30% US LNG share in its portfolio by 2035
Japanese giant JERA will significantly increase its reliance on US liquefied natural gas through major new contracts, reaching 30% of its supplies within roughly ten years.
U.S. LNG Exports Drive Natural Gas Prices Higher
Sustained growth in U.S. liquefied natural gas exports is leading to significant price increases projected for 2025 and 2026, as supply struggles to keep pace with steadily rising demand, according to recent forecasts.
Shell plans additional 12 million tonnes of LNG capacity by 2030
Shell is expanding its global Liquefied Natural Gas (LNG) capacities, primarily targeting markets in Asia and North America, to meet rising demand anticipated by the end of the decade.
Intense Heat in Asia Boosts U.S. LNG Exports
Above-average summer temperatures in Asia are significantly boosting demand for American liquefied natural gas, offsetting a potential slowdown in Europe and opening new commercial opportunities for U.S. exporters.
Duke Energy invests in 1,400 MW gas power plant in South Carolina
Duke Energy plans a strategic investment in a natural gas power plant in Anderson, marking its first request for new electricity generation in South Carolina in over ten years.
Adnoc Gas awards $5bn in contracts to expand gas infrastructure
Adnoc Gas commits $5bn to the first phase of its Rich Gas Development project to boost profitability and processing capacity at four strategic sites in the United Arab Emirates.
Brussels proposes to ban all transactions related to Nord Stream gas pipelines
The European Commission aims to prevent any return of Russian gas via Nord Stream and Nord Stream 2 with a total transaction ban, part of its 18th sanctions package against Moscow.
Argentina speeds up shale development while Mexico assesses gas potential
Argentina expands its capacity around Vaca Muerta as Mexico explores the prospects of exploiting unconventional resources to meet its 2030 energy targets.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS