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The Renewable Future

Utilities winners and losers as the U.S. goes green.

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Renewable energy is still a small player in the U.S. energy ecosystem, accounting for just 10% of U.S. electricity sales and 7% of U.S. energy consumption, excluding hydropower. Oil, natural gas, nuclear, and even coal will keep us comfortable, charged, and on the go well into the next decade.

But we think renewable energy will grow faster than consensus forecasts. We expect U.S. renewable energy-- mostly wind and solar--to climb 8% annually during the next decade, reaching 22% of total electricity generation. Tech, consumer, and even oil and gas firms are rushing into renewable energy to establish sustainability cred, and politicians are greening up their resumes. Utilities that can harness this renewable energy growth will win big for investors; those that lack public support and struggle to execute will be left behind.

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Travis Miller does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.