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Mapped: Global Energy Prices, by Country in 2022

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Mapped: Global Energy Prices, by Country in 2022

For some countries, energy prices hit historic levels in 2022.

Gasoline, electricity, and natural gas prices skyrocketed as Russiaโ€™s invasion of Ukraine ruptured global energy supply chains. Households and businesses are facing higher energy bills amid extreme price volatility. Uncertainty surrounding the war looms large, and winter heating costs are projected to soar.

Given the global consequences of the energy crisis, the above infographic shows the price of energy for households by country, with data from GlobalPetrolPrices.com.

1. Global Energy Prices: Gasoline

Which countries and regions pay the most for a gallon of gas?

Rank
Country/ Region
Gasoline Prices
(USD/ Gallon)
1๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong$11.1
2๐Ÿ‡จ๐Ÿ‡ซ Central African
Republic
$8.6
3๐Ÿ‡ฎ๐Ÿ‡ธ Iceland$8.5
4๐Ÿ‡ณ๐Ÿ‡ด Norway$8.1
5๐Ÿ‡ง๐Ÿ‡ง Barbados$7.8
6๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark$7.7
7๐Ÿ‡ฌ๐Ÿ‡ท Greece$7.6
8๐Ÿ‡ซ๐Ÿ‡ฎ Finland$7.6
9๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands$7.6
10๐Ÿ‡ง๐Ÿ‡ช Belgium$7.4
11๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom$7.2
12๐Ÿ‡ช๐Ÿ‡ช Estonia$7.2
13๐Ÿ‡จ๐Ÿ‡ญ Switzerland$7.2
14๐Ÿ‡ธ๐Ÿ‡ฌ Singapore$7.2
15๐Ÿ‡ธ๐Ÿ‡ช Sweden$7.1
16๐Ÿ‡ธ๐Ÿ‡จ Seychelles$7.1
17๐Ÿ‡ฎ๐Ÿ‡ฑ Israel$7.0
18๐Ÿ‡ฉ๐Ÿ‡ช Germany$7.0
19๐Ÿ‡บ๐Ÿ‡พ Uruguay$7.0
20๐Ÿ‡ผ๐Ÿ‡ซ Wallis and Futuna$7.0
21๐Ÿ‡ฑ๐Ÿ‡ฎ Liechtenstein$6.9
22๐Ÿ‡ฎ๐Ÿ‡ช Ireland$6.8
23๐Ÿ‡ต๐Ÿ‡น Portugal$6.8
24๐Ÿ‡ฑ๐Ÿ‡ป Latvia$6.7
25๐Ÿ‡ง๐Ÿ‡ฟ Belize$6.7
26๐Ÿ‡ฆ๐Ÿ‡ฑ Albania$6.6
27๐Ÿ‡ฆ๐Ÿ‡น Austria$6.6
28๐Ÿ‡ฒ๐Ÿ‡จ Monaco$6.6
29๐Ÿ‡ช๐Ÿ‡ธ Spain$6.5
30๐Ÿ‡จ๐Ÿ‡ฟ Czech Republic$6.5
31๐Ÿ‡ฒ๐Ÿ‡ผ Malawi$6.5
32๐Ÿ‡ฐ๐Ÿ‡พ Cayman Islands$6.4
33๐Ÿ‡ธ๐Ÿ‡ฐ Slovakia$6.4
34๐Ÿ‡ฒ๐Ÿ‡บ Mauritius$6.3
35๐Ÿ‡ฑ๐Ÿ‡บ Luxembourg$6.3
36๐Ÿ‡ฑ๐Ÿ‡น Lithuania$6.3
37๐Ÿ‡ฆ๐Ÿ‡ฉ Andorra$6.3
38๐Ÿ‡ฎ๐Ÿ‡น Italy$6.3
39๐Ÿ‡บ๐Ÿ‡ฌ Uganda$6.2
40๐Ÿ‡ญ๐Ÿ‡บ Hungary$6.2
41๐Ÿ‡ฏ๐Ÿ‡ด Jordan$6.2
42๐Ÿ‡ธ๐Ÿ‡พ Syria$6.1
43๐Ÿ‡ซ๐Ÿ‡ท France$6.0
44๐Ÿ‡ง๐Ÿ‡ฎ Burundi$6.0
45๐Ÿ‡ง๐Ÿ‡ธ Bahamas$6.0
46๐Ÿ‡ณ๐Ÿ‡ฟ New Zealand$5.8
47๐Ÿ‡ธ๐Ÿ‡ฒ San Marino$5.8
48๐Ÿ‡ญ๐Ÿ‡ท Croatia$5.8
49๐Ÿ‡ท๐Ÿ‡ด Romania$5.7
50๐Ÿ‡พ๐Ÿ‡น Mayotte$5.7
51๐Ÿ‡ท๐Ÿ‡ผ Rwanda$5.7
52๐Ÿ‡ฟ๐Ÿ‡ฒ Zambia$5.7
53๐Ÿ‡ท๐Ÿ‡ธ Serbia$5.7
54๐Ÿ‡ฑ๐Ÿ‡ฆ Laos$5.6
55๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia$5.6
56๐Ÿ‡ฐ๐Ÿ‡ช Kenya$5.6
57๐Ÿ‡จ๐Ÿ‡พ Cyprus$5.6
58๐Ÿ‡ฏ๐Ÿ‡ฒ Jamaica$5.5
59๐Ÿ‡ฒ๐Ÿ‡ฐ Northern Macedonia$5.5
60๐Ÿ‡จ๐Ÿ‡ฑ Chile$5.5
61๐Ÿ‡ง๐Ÿ‡ฆ Bosnia$5.5
62๐Ÿ‡ฑ๐Ÿ‡จ Saint Lucia$5.4
63๐Ÿ‡ต๐Ÿ‡ฑ Poland$5.4
64๐Ÿ‡ฉ๐Ÿ‡ด Dominican Republic$5.4
65๐Ÿ‡จ๐Ÿ‡ฆ Canada$5.4
66๐Ÿ‡ฒ๐Ÿ‡ฆ Morocco$5.4
67๐Ÿ‡ฆ๐Ÿ‡ผ Aruba$5.4
68๐Ÿ‡ธ๐Ÿ‡ฎ Slovenia$5.3
69๐Ÿ‡ง๐Ÿ‡ฌ Bulgaria$5.3
70๐Ÿ‡ต๐Ÿ‡ช Peru$5.3
71๐Ÿ‡ฑ๐Ÿ‡ฐ Sri Lanka$5.3
72๐Ÿ‡จ๐Ÿ‡ท Costa Rica$5.2
73๐Ÿ‡ฒ๐Ÿ‡ฌ Madagascar$5.2
74๐Ÿ‡ฌ๐Ÿ‡ณ Guinea$5.2
75๐Ÿ‡ณ๐Ÿ‡ต Nepal$5.2
76๐Ÿ‡ฒ๐Ÿ‡ฟ Mozambique$5.2
77๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua$5.2
78๐Ÿ‡ฒ๐Ÿ‡ฑ Mali$5.1
79๐Ÿ‡ธ๐Ÿ‡ณ Senegal$5.1
80๐Ÿ‡บ๐Ÿ‡ฆ Ukraine$5.1
81๐Ÿ‡ฉ๐Ÿ‡ฒ Dominica$5.0
82๐Ÿ‡ฒ๐Ÿ‡ช Montenegro$5.0
83๐Ÿ‡ฒ๐Ÿ‡น Malta$5.0
84๐Ÿ‡ฒ๐Ÿ‡ฉ Moldova$5.0
85๐Ÿ‡จ๐Ÿ‡ฉ DR Congo$5.0
86๐Ÿ‡จ๐Ÿ‡ผ Curacao$4.9
87๐Ÿ‡จ๐Ÿ‡ป Cape Verde$4.9
88๐Ÿ‡ง๐Ÿ‡ฉ Bangladesh$4.9
89๐Ÿ‡ฑ๐Ÿ‡ท Liberia$4.8
90๐Ÿ‡ฐ๐Ÿ‡ญ Cambodia$4.8
91๐Ÿ‡ฎ๐Ÿ‡ณ India$4.8
92๐Ÿ‡จ๐Ÿ‡บ Cuba$4.8
93๐Ÿ‡ญ๐Ÿ‡ณ Honduras$4.7
94๐Ÿ‡ฌ๐Ÿ‡ช Georgia$4.7
95๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa$4.7
96๐Ÿ‡น๐Ÿ‡ฟ Tanzania$4.7
97๐Ÿ‡ซ๐Ÿ‡ฏ Fiji$4.7
98๐Ÿ‡จ๐Ÿ‡ณ China$4.7
99๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico$4.6
100๐Ÿ‡ฌ๐Ÿ‡น Guatemala$4.6

Source: GlobalPetrolPrices.com. As of October 31, 2022. Represents average household prices.

At an average $11.10 per gallon, households in Hong Kong pay the highest for gasoline in the worldโ€”more than double the global average. Both high gas taxes and steep land costs are primary factors behind high gas prices.

Like Hong Kong, the Central African Republic has high gas costs, at $8.60 per gallon. As a net importer of gasoline, the country has faced increased price pressures since the war in Ukraine.

Households in Iceland, Norway, and Denmark face the highest gasoline costs in Europe. Overall, Europe has seen inflation hit 10% in September, driven by the energy crisis.

2. Global Energy Prices: Electricity

Extreme volatility is also being seen in electricity prices.

The majority of the highest household electricity prices are in Europe, where Denmark, Germany, and Belgiumโ€™s prices are about double that of France and Greece. For perspective, electricity prices in many countries in Europe are more than twice or three times the global average of $0.14 per kilowatt-hour.

Over the first quarter of 2022, household electricity prices in the European Union jumped 32% compared to the year before.

RankCountry/ RegionElectricity Prices
(kWh, USD)
1๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark$0.46
2๐Ÿ‡ฉ๐Ÿ‡ช Germany$0.44
3๐Ÿ‡ง๐Ÿ‡ช Belgium$0.41
4๐Ÿ‡ง๐Ÿ‡ฒ Bermuda$0.40
5๐Ÿ‡ฐ๐Ÿ‡พ Cayman Islands$0.35
6๐Ÿ‡ฏ๐Ÿ‡ฒ Jamaica$0.34
7๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom$0.32
8๐Ÿ‡ช๐Ÿ‡ธ Spain$0.32
9๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands$0.32
10๐Ÿ‡ง๐Ÿ‡ง Barbados$0.32
11๐Ÿ‡ช๐Ÿ‡ช Estonia$0.32
12๐Ÿ‡ฑ๐Ÿ‡น Lithuania$0.31
13๐Ÿ‡ฆ๐Ÿ‡น Austria$0.31
14๐Ÿ‡ฎ๐Ÿ‡น Italy$0.30
15๐Ÿ‡จ๐Ÿ‡ฟ Czech Republic$0.29
16๐Ÿ‡จ๐Ÿ‡ป Cape Verde$0.28
17๐Ÿ‡ฎ๐Ÿ‡ช Ireland$0.28
18๐Ÿ‡ธ๐Ÿ‡ช Sweden$0.27
19๐Ÿ‡ง๐Ÿ‡ธ Bahamas$0.26
20๐Ÿ‡ฌ๐Ÿ‡น Guatemala$0.26
21๐Ÿ‡ฑ๐Ÿ‡ฎ Liechtenstein$0.26
22๐Ÿ‡จ๐Ÿ‡พ Cyprus$0.25
23๐Ÿ‡ท๐Ÿ‡ผ Rwanda$0.25
24๐Ÿ‡ญ๐Ÿ‡ณ Honduras$0.24
25๐Ÿ‡บ๐Ÿ‡พ Uruguay$0.24
26๐Ÿ‡ต๐Ÿ‡น Portugal$0.24
27๐Ÿ‡ธ๐Ÿ‡ป El Salvador$0.23
28๐Ÿ‡ฑ๐Ÿ‡ป Latvia$0.22
29๐Ÿ‡ซ๐Ÿ‡ฎ Finland$0.22
30๐Ÿ‡ฑ๐Ÿ‡บ Luxembourg$0.22
31๐Ÿ‡ง๐Ÿ‡ฟ Belize$0.22
32๐Ÿ‡ฏ๐Ÿ‡ต Japan$0.22
33๐Ÿ‡จ๐Ÿ‡ญ Switzerland$0.22
34๐Ÿ‡ต๐Ÿ‡ช Peru$0.21
35๐Ÿ‡ฐ๐Ÿ‡ช Kenya$0.21
36๐Ÿ‡ฆ๐Ÿ‡บ Australia$0.21
37๐Ÿ‡ง๐Ÿ‡ท Brazil$0.20
38๐Ÿ‡ฒ๐Ÿ‡ฑ Mali$0.20
39๐Ÿ‡ธ๐Ÿ‡ฌ Singapore$0.19
40๐Ÿ‡ท๐Ÿ‡ด Romania$0.19
41๐Ÿ‡ง๐Ÿ‡ซ Burkina Faso$0.19
42๐Ÿ‡ธ๐Ÿ‡ฎ Slovenia$0.19
43๐Ÿ‡ฌ๐Ÿ‡ฆ Gabon$0.19
44๐Ÿ‡ธ๐Ÿ‡ฐ Slovakia$0.19
45๐Ÿ‡ฆ๐Ÿ‡ผ Aruba$0.19
46๐Ÿ‡ฌ๐Ÿ‡ท Greece$0.19
47๐Ÿ‡ซ๐Ÿ‡ท France$0.18
48๐Ÿ‡ณ๐Ÿ‡ฟ New Zealand$0.18
49๐Ÿ‡น๐Ÿ‡ฌ Togo$0.18
50๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua$0.17
51๐Ÿ‡ป๐Ÿ‡ช Venezuela$0.17
52๐Ÿ‡ต๐Ÿ‡ฆ Panama$0.17
53๐Ÿ‡ต๐Ÿ‡ญ Philippines$0.17
54๐Ÿ‡ต๐Ÿ‡ฑ Poland$0.17
55๐Ÿ‡ฎ๐Ÿ‡ฑ Israel$0.16
56๐Ÿ‡บ๐Ÿ‡ฒ U.S.$0.16
57๐Ÿ‡บ๐Ÿ‡ฌ Uganda$0.16
58๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong$0.16
59๐Ÿ‡ธ๐Ÿ‡ณ Senegal$0.16
60๐Ÿ‡ฒ๐Ÿ‡ด Macao$0.15
61๐Ÿ‡จ๐Ÿ‡ฑ Chile$0.15
62๐Ÿ‡ฐ๐Ÿ‡ญ Cambodia$0.15
63๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa$0.14
64๐Ÿ‡ฒ๐Ÿ‡บ Mauritius$0.14
65๐Ÿ‡ฒ๐Ÿ‡ฌ Madagascar$0.14
66๐Ÿ‡ญ๐Ÿ‡ท Croatia$0.14
67๐Ÿ‡ฎ๐Ÿ‡ธ Iceland$0.14
68๐Ÿ‡ณ๐Ÿ‡ด Norway$0.13
69๐Ÿ‡ฒ๐Ÿ‡น Malta$0.13
70๐Ÿ‡ฒ๐Ÿ‡ฟ Mozambique$0.13
71๐Ÿ‡จ๐Ÿ‡ด Colombia$0.13
72๐Ÿ‡ง๐Ÿ‡ฌ Bulgaria$0.12
73๐Ÿ‡ฒ๐Ÿ‡ป Maldives$0.12
74๐Ÿ‡จ๐Ÿ‡ท Costa Rica$0.12
75๐Ÿ‡จ๐Ÿ‡ฆ Canada$0.11
76๐Ÿ‡ฒ๐Ÿ‡ผ Malawi$0.11
77๐Ÿ‡จ๐Ÿ‡ฎ Ivory Coast$0.11
78๐Ÿ‡ณ๐Ÿ‡ฆ Namibia$0.11
79๐Ÿ‡ฒ๐Ÿ‡ฆ Morocco$0.11
80๐Ÿ‡น๐Ÿ‡ญ Thailand$0.10
81๐Ÿ‡ฆ๐Ÿ‡ฒ Armenia$0.10
82๐Ÿ‡ฏ๐Ÿ‡ด Jordan$0.10
83๐Ÿ‡น๐Ÿ‡ฟ Tanzania$0.10
84๐Ÿ‡ธ๐Ÿ‡ฟ Swaziland$0.10
85๐Ÿ‡ช๐Ÿ‡จ Ecuador$0.10
86๐Ÿ‡ง๐Ÿ‡ผ Botswana$0.10
87๐Ÿ‡ฉ๐Ÿ‡ด Dominican Republic$0.10
88๐Ÿ‡ฒ๐Ÿ‡ฐ Northern Macedonia$0.10
89๐Ÿ‡ฆ๐Ÿ‡ฑ Albania$0.10
90๐Ÿ‡ฑ๐Ÿ‡ธ Lesotho$0.09
91๐Ÿ‡ธ๐Ÿ‡ฑ Sierra Leone$0.09
92๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia$0.09
93๐Ÿ‡ง๐Ÿ‡พ Belarus$0.09
94๐Ÿ‡ญ๐Ÿ‡บ Hungary$0.09
95๐Ÿ‡ง๐Ÿ‡ฆ Bosnia & Herzegovina$0.09
96๐Ÿ‡น๐Ÿ‡ผ Taiwan$0.09
97๐Ÿ‡ฐ๐Ÿ‡ท South Korea$0.09
98๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico$0.09
99๐Ÿ‡ท๐Ÿ‡ธ Serbia$0.09
100๐Ÿ‡จ๐Ÿ‡ฉ DR Congo$0.08

Source: GlobalPetrolPrices.com. As of March 31, 2022. Represents average household prices.

In the U.S., consumer electricity prices have increased nearly 16% annually compared to September last year, the highest increase in over four decades, fueling higher inflation.

However, households are more sheltered from the impact of Russian supply disruptions due to the U.S. being a net exporter of energy.

3. Global Energy Prices: Natural Gas

Eight of the 10 highest natural gas prices globally fall in Europe, with the Netherlands at the top. Overall, European natural gas prices have spiked sixfold in a year since the invasion of Ukraine.

RankCountry/ RegionNatural Gas Prices
(kWh, USD)
1๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands$0.41
2๐Ÿ‡ธ๐Ÿ‡ช Sweden$0.24
3๐Ÿ‡ฉ๐Ÿ‡ช Germany$0.21
4๐Ÿ‡ง๐Ÿ‡ท Brazil$0.20
5๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark$0.19
6๐Ÿ‡ช๐Ÿ‡ธ Spain$0.17
7๐Ÿ‡ฎ๐Ÿ‡น Italy$0.16
8๐Ÿ‡ฆ๐Ÿ‡น Austria$0.16
9๐Ÿ‡ธ๐Ÿ‡ฌ Singapore$0.15
10๐Ÿ‡ง๐Ÿ‡ช Belgium$0.15
11๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong$0.14
12๐Ÿ‡จ๐Ÿ‡ฟ Czech Republic$0.14
13๐Ÿ‡ฌ๐Ÿ‡ท Greece$0.12
14๐Ÿ‡ซ๐Ÿ‡ท France$0.12
15๐Ÿ‡ฏ๐Ÿ‡ต Japan$0.11
16๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom$0.10
17๐Ÿ‡จ๐Ÿ‡ญ Switzerland$0.10
18๐Ÿ‡จ๐Ÿ‡ฑ Chile$0.10
19๐Ÿ‡ต๐Ÿ‡น Portugal$0.09
20๐Ÿ‡ง๐Ÿ‡ง Barbados$0.09
21๐Ÿ‡ต๐Ÿ‡ฑ Poland$0.09
22๐Ÿ‡ง๐Ÿ‡ฌ Bulgaria$0.09
23๐Ÿ‡ฎ๐Ÿ‡ช Ireland$0.08
24๐Ÿ‡ฆ๐Ÿ‡บ Australia$0.07
25๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico$0.07
26๐Ÿ‡ณ๐Ÿ‡ฟ New Zealand$0.06
27๐Ÿ‡ธ๐Ÿ‡ฐ Slovakia$0.06
28๐Ÿ‡บ๐Ÿ‡ฒ U.S.$0.05
29๐Ÿ‡ฐ๐Ÿ‡ท South Korea$0.04
30๐Ÿ‡จ๐Ÿ‡ด Colombia$0.04
31๐Ÿ‡จ๐Ÿ‡ฆ Canada$0.03
32๐Ÿ‡ท๐Ÿ‡ธ Serbia$0.03
33๐Ÿ‡น๐Ÿ‡ผ Taiwan$0.03
34๐Ÿ‡บ๐Ÿ‡ฆ Ukraine$0.03
35๐Ÿ‡ฒ๐Ÿ‡พ Malaysia$0.03
36๐Ÿ‡ญ๐Ÿ‡บ Hungary$0.03
37๐Ÿ‡น๐Ÿ‡ณ Tunisia$0.02
38๐Ÿ‡ฆ๐Ÿ‡ฟ Azerbaijan$0.01
39๐Ÿ‡ง๐Ÿ‡ญ Bahrain$0.01
40๐Ÿ‡ง๐Ÿ‡ฉ Bangladesh$0.01
41๐Ÿ‡น๐Ÿ‡ท Turkey$0.01
42๐Ÿ‡ท๐Ÿ‡บ Russia$0.01
43๐Ÿ‡ฆ๐Ÿ‡ท Argentina$0.01
44๐Ÿ‡ง๐Ÿ‡พ Belarus$0.01
45๐Ÿ‡ฉ๐Ÿ‡ฟ Algeria$0.003
46๐Ÿ‡ฎ๐Ÿ‡ท Iran$0.001

Source: GlobalPetrolPrices.com. As of March 31, 2022. Represents average household prices.

The good news is that the fall season has been relatively warm, which has helped European natural gas demand drop 22% in October compared to last year. This helps reduce the risk of gas shortages transpiring later in the winter.

Outside of Europe, Brazil has the fourth highest natural gas prices globally, despite producing about half of its supply domestically. High costs of cooking gas have been especially challenging for low-income families, which became a key political issue in the run-up to the presidential election in October.

Meanwhile, Singapore has the highest natural gas prices in Asia as the majority is imported via tankers or pipelines, leaving the country vulnerable to price shocks.

Increasing Competition

By December, all seaborne crude oil shipments from Russia to Europe will come to a halt, likely pushing up gasoline prices into the winter and 2023.

Concerningly, analysis from the EIA shows that European natural gas storage capacities could sink to 20% by February if Russia completely shuts off its supply and demand is not reduced.

As Europe seeks out alternatives to Russian energy, higher demand could increase global competition for fuel sources, driving up prices for energy in the coming months ahead.

Still, there is some room for optimism: the World Bank projects energy prices will decline 11% in 2023 after the 60% rise seen after the war in Ukraine in 2022.

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Energy Shift

Mapped: Renewable Energy and Battery Installations in the U.S. in 2023

This graphic describes new U.S. renewable energy installations by state along with nameplate capacity, planned to come online in 2023.

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Renewable and Battery Installations in the U.S. in 2023

Renewable energy, in particular solar power, is set to shine in 2023. This year, the U.S. plans to get over 80% of its new energy installations from sources like battery, solar, and wind.

The above map uses data from EIA to highlight planned U.S. renewable energy and battery storage installations by state for 2023.

Renewable Energy and Battery Installations in the U.S. in 2023

Texas and California Leading in Renewable Energy

Nearly every state in the U.S. has plans to produce new clean energy in 2023, but it’s not a surprise to see the two most populous states in the lead of the pack.

Even though the majority of its power comes from natural gas, Texas currently leads the U.S. in planned renewable energy installations. The state also has plans to power nearly 900,000 homes using new wind energy.

California is second, which could be partially attributable to the passing of Title 24, an energy code that makes it compulsory for new buildings to have the equipment necessary to allow the easy installation of solar panels, battery storage, and EV charging.

New solar power in the U.S. isnโ€™t just coming from places like Texas and California. In 2023, Ohio will add 1,917 MW of new nameplate solar capacity, with Nevada and Colorado not far behind.

Top 10 StatesBattery (MW)Solar (MW)Wind (MW)Total (MW)
Texas1,9816,4621,94110,385
California4,5554,2931238,970
Nevada6781,59602,274
Ohio121,91751,934
Colorado2301,1872001,617
New York585095591,125
Wisconsin4939921,034
Florida39780980
Kansas00843843
Illinois0363477840

The state of New York is also looking to become one of the nation’s leading renewable energy providers. The New York State Energy Research & Development Authority (NYSERDA) is making real strides towards this objective with 11% of the nation’s new wind power projects expected to come online in 2023.

According to the data, New Hampshire is the only state in the U.S. that has no new utility-scale renewable energy installations planned for 2023. However, the state does have plans for a massive hydroelectric plant that should come online in 2024.

Decarbonizing Energy

Renewable energy is considered essential to reduce global warming and CO2 emissions.

In line with the efforts by each state to build new renewable installations, the Biden administration has set a goal of achieving a carbon pollution-free power sector by 2035 and a net zero emissions economy by no later than 2050.

The EIA forecasts the share of U.S. electricity generation from renewable sources rising from 22% in 2022 to 23% in 2023 and to 26% in 2024.

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Electrification

Where are Clean Energy Technologies Manufactured?

As the market for low-emission solutions expands, China dominates the production of clean energy technologies and their components.

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Visualizing Where Clean Energy Technologies Are Manufactured

When looking at where clean energy technologies and their components are made, one thing is very clear: China dominates the industry.

The country, along with the rest of the Asia Pacific region, accounts for approximately 75% of global manufacturing capacity across seven clean energy technologies.

Based on the IEA’s 2023 Energy Technology Perspectives report, the visualization above breaks down global manufacturing capacity by region for mass-manufactured clean energy technologies, including onshore and offshore wind, solar photovoltaic (PV) systems, electric vehicles (EVs), fuel cell trucks, heat pumps, and electrolyzers.

The State of Global Manufacturing Capacity

Manufacturing capacity refers to the maximum amount of goods or products a facility can produce within a specific period. It is determined by several factors, including:

  • The size of the manufacturing facility
  • The number of machines or production lines available
  • The skill level of the workforce
  • The availability of raw materials

According to the IEA, the global manufacturing capacity for clean energy technologies may periodically exceed short-term production needs. Currently this is true especially for EV batteries, fuel cell trucks, and electrolyzers. For example, while only 900 fuel cell trucks were sold globally in 2021, the aggregate self-reported capacity by manufacturers was 14,000 trucks.

With that said, there still needs to be a significant increase in manufacturing capacity in the coming decades if demand aligns with the IEAโ€™s 2050 net-zero emissions scenario. Such developments require investments in new equipment and technology, developing the clean energy workforce, access to raw and refined materials, and optimizing production processes to improve efficiency.

What Gives China the Advantage?

Of the above clean energy technologies and their components, China averages 65% of global manufacturing capacity. For certain components, like solar PV wafers, this percentage is as high as 96%.

Hereโ€™s a breakdown of Chinaโ€™s manufacturing capacity per clean energy technology.

Technologyย Chinaโ€™s share of global manufacturing capacity, 2021
Wind (Offshore)70%
Wind (Onshore)ย 59%
Solar PV Systems85%
Electric Vehicles71%
Fuel Cell Trucksย 47%
Heat Pumps39%
Electrolyzers41%

So, what gives China this advantage in the clean energy technology sector? According to the IEA report, the answer lies in a combination of factors:

The mixture of these factors has allowed China to capture a significant share of the global market for clean technologies while driving down the cost of clean energy worldwide.

As the market for low-emission solutions expands, Chinaโ€™s dominance in the sector will likely continue in the coming years and have notable implications for the global energy and emission landscape.

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