AEO2023_Narrative_Fcgfhd tydj iges (1).pptx

rtfgnhd ftgnd

1. Annual Energy Outlook 2023 with projections to 2050 Narrative Figures March 16, 2023 www.eia.gov/aeo # AEO2023

2. You can access chart data by right-clicking the chart.

3. Figure 1 Data source: U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases. ZTC=Zero-Carbon Technology Cost. 3

4. Figure 2 4 U.S. electricity generation by select technologies for all cases billion kilowatthours Ref Ref Ref Ref Ref Data source: U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases. Ref=Reference case.

5. Figure 3 5 s tand-alone storage solar wind oil and natural gas n uclear other coal Data source: U.S. Energy Information Administration, Annual Energy Outlook 2023 ( AEO2023) Note: ZTC=Zero-Carbon Technology Cost; other= geothermal , biomass, municipal waste, fuel cells, hydroelectric, pumped hydro storage.

6. Figure 4 Data source: U.S. Energy Information Administration, Annual Energy Outlook 2023 ( AEO2023) Note: HZTC=High Zero-Carbon Technology Cost; LZTC=Low Zero-Carbon Technology Cost; HOGS=High Oil & Gas Supply; LOGS=Low Oil & Gas Supply; other= geothermal , biomass, municipal waste. 6 stand-alone storage solar photovoltaic, end use solar photovoltaic , electric power sector offshore wind onshore wind other hydroelectric

7. Low Zero-Carbon Technology Cost case, 2050 Reference case, 2022 Reference case, 2050 Figure 5 7 Low Oil and Gas Supply case, 2050 hour of the day Hourly U.S. electricity generation and load by fuel for selected cases and representative years billion kilowatthours load, excluding storage curtailment s tand-alone storage p umped hydro storage hybrid solar PV stand-alone solar PV wind hydroelectric natural gas combined-cycle natural gas and oil peakers nuclear coal Data source : U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note : Negative generation represents charging of energy storage technologies such as pumped hydro storage and battery storage. Hourly dispatch estimates are illustrative and are developed to determine curtailment and storage operations; final dispatch estimates are developed separately and may differ from total utilization as this figure shows. Standalone solar photovoltaic (PV) includes both utility-scale and end-use PV electricity generation.

8. Reference case 2022 dollars per kilowatt Low Zero-Carbon Technology Cost case 2022 dollars per kilowatt Technical Note 1: Renewable costs and deployment High Zero-Carbon Technology Cost case 2022 dollars per kilowatt wind natural gas solar PV s tand-alone storage Overnight installation cost Data source: U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023 ) Note: Series in all charts begin in 2023. Overnight installation cost for natural gas refers to combined-cycle, multi-shaft technologies. Nuclear costs decline in the Reference and Low Zero-Carbon Technology cases, but they are not shown given the large differences in absolute cost compared with renewables. In the Reference case, nuclear begins at $ 7,900 per kilowatt (kW) and declines to $ 5,000/kW in 2050. In the Low Zero-Carbon Technology case, the cost of nuclear declines to $ 3,000/kW in 2050 . Solar PV= stand-alone solar photovoltaic. solar PV 8

9. 9 U.S. coal disposition by demand sector AEO2023 selected cases m illion short tons exports e nd use e lectric power Low OGS Reference Low ZTC Data source: U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases . ZTC=Zero-Carbon Technology Cost; Ref=Reference case; OGS=Oil and Gas Supply. Figure 6

10. Figure 7 Data source: U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: Total consumption in end-use sectors includes purchased electricity and electricity-related losses. Each line represents AEO2023 Reference case projections. Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases. 2022 history projections Total energy consumption by end-use sector q uadrillion British thermal units 10

11. Figure 8 11 Data source: U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases. ZTC=Zero-Carbon Technology Cost.

12. Figure 9 12 Data source : U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: All displayed data are projections. Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases. ZTC=Zero-Carbon Technology Cost.

13. Figure 10 13 Data source : U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: *Includes battery electric and plug-in hybrid electric vehicles. Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases .

14. Figure 11 14 Data source : U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases . Right hand chart includes delivered energy, specifically energy consumed on board the vehicle; it does not include losses between car and charger.

15. Figure 12 Data source : U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: Biofuels are not included in petroleum and other liquids production or consumption. Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases . ZTC=Zero-Carbon Technology Cost.

16. Figure 13 Data source : U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases. 16

17. Figure 14 17 Data source: U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases. ZTC=Zero-Carbon Technology Cost.

18. Figure 15 Data source: U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases. ZTC=Zero-Carbon Technology Cost. 18

19. Figure 16 Data source : U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases. 19

20. Figure 17 Data source : U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases. 20

21. Data source : U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases. Figure 18 21

22. Figure 19 Data source : U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases. 2022 history projections 22

23. 23 Figure 20 Data source : U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: Cone of uncertainty associated with total energy-related CO 2 emissions using empirical projection intervals. Historical values and AEO2023 Reference case are displayed as solid black line. The projection error density forecast by blue shaded areas. The different shades correspond to the 50th and 95th percentiles . AEO2023 envelope side cases are in solid grey lines . ZTC=Zero-Carbon Technology Cost.