October 3, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Additions of solar-generation capacity outpaced other resources in the U.S. Power Industry in 2023, according to the U.S. Energy Information Administration (EIA), which expects the trend to continue through the end of 2024. This growth has been rapid: A total of 107.4 gigawatts (GW) of solar capacity was operating in the Lower 48 states in August 2024, compared with 81.9 GW in August 2023, according to the EIA.

Industrial Info is tracking more than $21 billion worth of solar-energy projects set to begin construction across the U.S. in the current quarter, more than 85% of which are grassroot projects. Arizona leads all other U.S. states in fourth-quarter solar-generation kickoffs, fueled by two high-value projects from a pair of leading players in the market: Canadian Solar Incorporated (NASDAQ:CSIQ) and Invenergy LLC.

Other companies featured: First Solar Incorporated (NASDAQ:FSLR), EVelution Energy LLC, Vistra Energy Corporation (NYSE:VST), Enbridge Incorporated (NYSE:ENB) and Nexamp Incorporated.