Solar, storage drove U.S. energy growth in 2024

Renewables made up 71% of new U.S. power generating capacity last year driven by surging solar installations, with battery projects hitting a record, per BloombergNEF's sustainable energy report this morning.

Why it matters: For all the attention lavished on futuristic green technologies and legacy natural gas, the record buildout shows tried-and-true renewables are providing a near-term answer for surging electricity demand.