For all of the Obama fallout over the recent Solyndra solar debacle, renewable energy continues to “heat up” shall we say. Despite the bad PR, the US Energy Information Administration (EIA) recently reported another milestone. During the first half of 2011, renewable energy sources (biomass/biofuels, geothermal, solar, water, and wind) produced 4.687 quadrillion Btus of energy or 12.25% of US energy production. That’s up from 11.05% in 2010.
Perhaps of greater note is that energy productions from renewable sources in 2011 was 17.9% higher than that from nuclear power. Renewable energy now equal 79.83% of that from domestic crude oil production, with that gap closing fast.
So, despite the business missteps and public relations stumbles, renewable energy is not only here to stay, but is a real “contender” for industry dominance going forward.