USA Increases Silver Usage but Remains Behind China: Eye-Opening Statistics Inside
USA Ranks Second in Silver Use: Analyzing Its Consumption Compared to Global Leaders
USA a distant 2nd to China in Silver consumption
Still the USA devouring 26 Million ounces of Silver
and remember our previous articles where Solar subsidies outnumber nuclear and fossil fuels by up to 300X
Wherever there are incentives INVEST (especially knowing Silver is manipulated)
Remember China and India are draining Silver Vaults 5 X over USA the #1 consumer economy
Manufacturing demand gets first swing
Industry use always hovers in first position over consumers that are held hostage by recession(s)
The United States connected 12 GW of utility-scale solar to the grid during the first half of 2024. For the second half of the year, the EIA forecasts an additional 25 GW of solar capacity.
This brings the total projected new solar capacity for 2024 to 37 GW.Using the provided information that solar PV energy uses 700,000 ounces of silver per gigawatt, we can calculate the total silver usage for each period.
The first half of 2024 would require 8,400,000 ounces of silver, while the forecasted second half would use 17,500,000 ounces. In total, the projected new solar capacity for 2024 would require approximately 25,900,000 ounces of silver
The US Energy Information Administration (EIA says 20.2 GW of electricity generation capacity was added in the United States during the first half of 2024. Solar energy led the way, with significant deployments in energy storage as well.
According to the US Department of Energy’s EIA, the United States connected 20.2 GW (AC) of utility-scale power plants to the grid during the first half of 2024. This capacity includes 12 GW of solar, which represents 59% of the total additions. Energy storage accounted for about 4.2 GW of this new capacity.
Florida and Texas led the nation in utility-scale solar development, contributing 38% of the new solar capacity. Notable projects include the 690 MW Gemini Solar facility in Nevada, which integrates solar and storage, and the 653 MW Lumina Solar Project in Texas.
Energy storage was the second most significant technology by capacity with a total deployment of 4.2 GW. California led the charge, contributing 37% of the total energy storage capacity, followed by Texas (21%), Arizona (19%), and Nevada (13%). Together, these states accounted for 90% of the energy storage capacity added, with the 380 MW battery at the Gemini facility being the largest of the period.
Fossil fuel retirements far outpaced new fossil capacity deployments. The EIA noted that 5.1 GW of capacity was retired, with 53% from methane (2.7 GW) and 41% from coal (2 GW). In contrast, only 0.4 GW of new gas capacity was deployed.
The US energy sector’s growth trajectory is expected to continue its upward trend. For the second half of the year, the EIA forecasts an additional 42.6 GW from new capacity deployments, including 25 GW from solar and an additional 10.8 GW of energy storage. Combined with the first-half capacity of 12 and 4 GW, the nation could finish 2024 with 37 GW of new utility-scale solar and 15 GW of new energy storage facilities.
China dwarfs USA in industrial Silver Use
