Hydroelectric Power, Business and Industry Trends Analysis

Of all renewable energy sources, hydroelectric has proven to be one of the most reliable, controllable and cost-effective, as well as the most viable alternative fossil fuel energy.  BP reports that global hydroelectric consumption grew from 37.64 exajoules in 2019 to 38.16 exajoules in 2020. In the U.S., there were 792.5 terawatt-hours of net electrical for power generation from renewable sources in 2020, up from 707.3 terawatt-hours in 2019, according to the U.S. Department of Energy (DOE).  During 2020, hydroelectric accounted for 22% of U.S. renewable energy consumption.  Costs are extremely low, in the two cent per kilowatt hour range. …

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