• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
EnvironmentSolar

The U.S. will hit a huge milestone next year when solar power surpasses hydropower for the first time ever

By
Will Wade
Will Wade
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Will Wade
Will Wade
and
Bloomberg
Bloomberg
Down Arrow Button Icon
November 7, 2023, 1:38 PM ET
U.S. solar power will exceed hydropower next year for the first time.
U.S. solar power will exceed hydropower next year for the first time.Irfan Khan—Los Angeles Times/Getty Images

The US is on track to generate more electricity from sunshine next year than from hydropower for the first time ever as surging installations of solar panels, especially residential systems, transform the power system.

Recommended Video

Solar will generate more than 318 billion kilowatt-hours of US power in 2024, compared with 284 billion kilowatt-hours from hydropower systems, according to government data. Solar surpassed hydro on a monthly basis in September 2022, but next year will be the first time the threshold is crossed on an annual basis. 

The crossover is likely to be permanent. Annual hydropower capacity increased by less than 1% from 2009 to 2022, while solar capacity surged at an average of 44% a year.

Fortune Brainstorm AI returns to San Francisco Dec. 8–9 to convene the smartest people we know—technologists, entrepreneurs, Fortune Global 500 executives, investors, policymakers, and the brilliant minds in between—to explore and interrogate the most pressing questions about AI at another pivotal moment. Register here.
About the Authors
By Will Wade
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Environment

satellite
AIData centers
Google’s plan to put data centers in the sky faces thousands of (little) problems: space junk
By Mojtaba Akhavan-TaftiDecember 3, 2025
1 day ago
claude
EnvironmentSan Francisco
San Francisco mourns its albino alligator, Claude, dead at 30 years old
By Janie Har and The Associated PressDecember 3, 2025
1 day ago
AIAmazon
More than 1,000 Amazon employees sign open letter warning the company’s AI ‘will do staggering damage to democracy, our jobs, and the earth’
By Nino PaoliDecember 2, 2025
3 days ago
Brazil
EnvironmentBrazil
Why the world’s top coffee producer is switching up its beans
By Renata Carlos Daou and BloombergNovember 30, 2025
5 days ago
EuropeSwitzerland
Swiss voters reject tax of up to 50% on large donations or inheritances, fearing exodus of wealthy instead of fighting climate change
By Jamey Keaten and The Associated PressNovember 30, 2025
5 days ago
Jacqueline Novogratz is the founder and CEO of Acumen
Commentaryphilanthropy
Philanthropy isn’t fading. It’s evolving
By Jacqueline NovogratzNovember 30, 2025
5 days ago

Most Popular

placeholder alt text
Economy
Two months into the new fiscal year and the U.S. government is already spending more than $10 billion a week servicing national debt
By Eleanor PringleDecember 4, 2025
17 hours ago
placeholder alt text
Success
‘Godfather of AI’ says Bill Gates and Elon Musk are right about the future of work—but he predicts mass unemployment is on its way
By Preston ForeDecember 4, 2025
13 hours ago
placeholder alt text
North America
Jeff Bezos and Lauren Sánchez Bezos commit $102.5 million to organizations combating homelessness across the U.S.: ‘This is just the beginning’
By Sydney LakeDecember 2, 2025
3 days ago
placeholder alt text
Success
Nearly 4 million new manufacturing jobs are coming to America as boomers retire—but it's the one trade job Gen Z doesn't want
By Emma BurleighDecember 4, 2025
13 hours ago
placeholder alt text
Success
Nvidia CEO Jensen Huang admits he works 7 days a week, including holidays, in a constant 'state of anxiety' out of fear of going bankrupt
By Jessica CoacciDecember 4, 2025
12 hours ago
placeholder alt text
Health
Bill Gates decries ‘significant reversal in child deaths’ as nearly 5 million kids will die before they turn 5 this year
By Nick LichtenbergDecember 4, 2025
1 day ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.