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 for fossil fuel energy.  BP reports that global hydroelectric consumption grew by 2.8% in 2016 to reach 910.3 million tons of oil equivalent. In the U.S., there were 265,829 gigawatt-hours of conventional hydroelectric generation in 2016, up 7% from 2015, according to the U.S. Department of Energy (DOE).  During 2016, hydroelectric accounted for 43.6% of U.S. renewable energy generation and 6.5% of total electricity generation.  Costs are extremely low, in the two cent per kilowatt…

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