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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
USA Energy Siemens

Renewable Energy Just Hit a Big Milestone

By
Erika Fry
Erika Fry
and
Nicolas Rapp
Nicolas Rapp
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By
Erika Fry
Erika Fry
and
Nicolas Rapp
Nicolas Rapp
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July 26, 2017, 1:00 PM ET
Chart shows souces of U.S. net electrical power generation
Chart shows souces of U.S. net electrical power generationNicolas Rapp
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This year, for the first time in the modern nuclear era, renewable energy has surpassed nuclear power as a percentage of U.S. energy generation.

Nuclear power generation has been facing hurdles for a while: it’s expensive to expand, often politically unsavory, and not as competitive as the cheap natural gas that has flooded the market in recent years.

But compared to its traditional rival, coal, nuclear power is significantly better for the environment. The worry, as costs and other pressures gradually diminished nuclear capacity, was that renewables wouldn’t be able to make up the difference. And instead, would lead to an increased reliance on fossil fuels.

But new records for both wind generation and solar generation (plus a six-year high for hydropower thanks to increased rain in California), saw a dramatic increase in renewable power. Falling prices for solar generation helps, too. As those power sources increased, they overtook nuclear generation.

Long-term, the trend shows now signs of slowing. However, this summer, it’s possible that nuclear will again overtake renewables, according to the U.S. Energy Information Administration. And nuclear could still come out ahead in 2017 as a whole.

A version of this article appears in the Aug. 1, 2017 issue of Fortune with the headline “Renewable Energy Hits a Milestone.”

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Erika Fry
By Erika Fry
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Nicolas Rapp
By Nicolas RappInformation Graphics Director
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Nicolas Rapp is the former information graphics director at Fortune.

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