2 Renewable Energy Trends to Watch in the Final Months of 2019
The United States is expected to lean on non-hydro renewables -- namely, onshore wind and utility-scale solar -- for an estimated 10% of its total electricity in 2019. That may not seem like much, but it's up from virtually nothing at the start of the century. And the best is yet to come.
A combination of falling costs, improving technology, and supportive state policies make it likely that onshore wind and utility-scale solar will provide at least 30% of America's total electricity by 2030. But it's entirely possible that all renewable power sources -- including hydroelectricity, small-scale solar, and others -- could generate close to half of the nation's electricity by that date.
Getting there requires some help from two emerging technologies in particular: energy storage and offshore wind. Both opportunities are nearing an important inflection point, which means investors may want to the renewable energy stocks positioned to benefit on their radar.
Source Fool.com