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 from 913.3 million tons of oil equivalent in 2016 to 918.6 million tons in 2017. In the U.S., there were 300,045 gigawatt-hours of net electrical power generation in 2017, up from 267,812 gigawatt-hours in 2016, according to the U.S. Department of Energy (DOE).  During 2017, hydroelectric accounted for 24.8% of U.S. renewable energy generation and 3.1% of total energy production.  Costs are extremely low,…

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