United States (US) Biopower Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035

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Published: December 30, 2024 Report Code: GDAE7590IDB-ST

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US Biopower Market Report Overview

In 2023, the cumulative installed capacity for biopower in the US was 13.4 GW and will grow at a CAGR of less than 1% during 2023-2035. Onshore wind represented the second most significant renewable power source in the country in 2023.

US Biopower Market Outlook 2023-2035
US Biopower Market Outlook 2023-2035
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The US biopower market research report discusses the renewable power market in the country and predicts future outcomes until 2035. The report also gives detailed coverage of the renewable energy policy framework governing the biopower market in the US.

Cumulative Installed Capacity (2023) 13.4 GW
CAGR (2023-2035) <1%
Historical Period 2010-2022
Forecast Period 2023-2035
Regulations ·       The Federal Energy Regulatory Commission (FERC)

·       Tax Cuts and New Jobs Act (TCJA)
Leading Companies ·       WEC Energy Group Inc

·       The AES Corp

·       Santee Cooper

·       PPL Corp
Key Active Plants (Onshore) ·       Virginia City Hybrid Biomass Energy Center

·       Nacogdoches Biomass Power Plant

·       Mansfield Mill Plant

·       Rumford Biomass Cogeneration Plant

·       Gainesville Renewable Energy Center
Key Deal Type ·       Debt Offerings

·       Acquisition

·       Equity Offerings

·       Private Equity

·       Venture Financing
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US Renewable Energy Policy Framework

  • In 2016, the Federal Energy Regulatory Commission (FERC) adopted interconnection standards for distributed energy resources that generate small-scale power with up to 20 MW capacity. These standards only apply to facilities with interconnected systems at the transmission level and come under the purview of the FERC. These standards, nevertheless, are not applied to distribution-level interconnections, as they are regulated by state Public Utilities Commissions (PUCs).
  • In December 2017, the US government passed a tax bill reducing corporate tax rates that impacted several industries. With regards to the renewable energy industry, there were initial concerns that the government might make changes to the federal ITC and may allow the accelerated depreciation of solar and select other renewable energy projects.

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US Biopower Market – Competitive Landscape

WEC Energy Group Inc, AES Corp, Santee Cooper, and PPL Corp are a few of the market players in the biopower market in the US.

WEC Energy Group Inc: Headquartered in Milwaukee, Wisconsin, the US, WEC Energy Group Inc (WEC) is an energy holding company. It generates and distributes electricity and thermal energy and delivers natural gas. The company produces electric power using various sources like coal, natural gas, oil, hydro, solar, wind, and biomass. WEC owns, maintains, monitors, and operates electric transmission systems; owns generating facilities and leases those to its group entities; provides natural gas storage and hub services for its sister companies; and owns underground natural gas storage facilities. It serves residential, commercial, community, and government customers in Illinois, Wisconsin, Michigan, and Minnesota.

US Bioenergy Market Analysis by Companies

US Bioenergy Market Analysis by Companies

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US Biopower Market - Major Active Plants

Virginia City Hybrid Biomass Energy Center led the US biopower market under onshore sources in terms of total capacity contribution in 2023.

US Biopower Market, by Active Plants, 2023 (%)

US Biopower Market, by Active Plants, 2023 (%)

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US Biopower Market Segmentation by Deal Types

In 2023, the biopower market in the US recorded most of the debt-offering deals.

US Biopower Market Analysis, by Deal Types, 2023 (%)

US Biopower Market Analysis, by Deal Types, 2023 (%)

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Segments Covered in the Report

US Biopower Market Deal Type Outlook (2022-2035)

  • Debt Offerings
  • Acquisition
  • Equity Offerings
  • Private Equity
  • Venture Financing

Scope

The report analyses the US biopower market. The scope of the research includes –

  • A brief introduction to global carbon emissions and global primary energy consumption.

  • An overview of the country’s renewable power market, highlighting installed capacity trends (2010-2035), generation trends (2015-2035), and installed capacity split by various renewable power sources.

  • Detailed overview of the country’s biopower market with installed capacity and generation trends, and major active and upcoming biopower projects.

  • Deal analysis of the country’s biopower market.

  • Key policies and regulatory framework supporting the development of biopower sources.

  • Snapshots of some of the major market participants in the country.

Reasons to Buy

  • The report will enhance your decision-making capability in a more rapid and time-sensitive manner.

  • Identify key growth and investment opportunities in the country’s biopower market.

  • Facilitate decision-making based on strong historic and forecast data for the biopower market.

  • Position yourself to gain the maximum advantage of the industry’s growth potential.

  • Develop strategies based on the latest regulatory events.

  • Identify key partners and business development avenues.

  • Understand and respond to your competitors’ business structure, strategy, and prospects.

Table of Contents

Table of Contents

List of Tables

List of Figures

1. Introduction

1.1 Carbon Dioxide Emissions, Global, 2015–2023

1.2 Primary Energy Consumption, Global, 2015–2023

1.3 Report Guidance

2. Renewable Power Market, US

2.1 Renewable Power Market, US, Installed Capacity, 2015-2035

– Renewable Power Market, US, Cumulative Installed Capacity by Source, 2015-2035

– Renewable Power Market, US, Cumulative Installed Capacity Share by Source, 2023 and 2035

– Renewable Power Market, US, Net Capacity Additions by Source, 2024-2035

– Renewable Power Market, US, Capacity Growth by Source, 2023-2035

2.2 Renewable Power Market, US, Power Generation, 2015-2035

– Renewable Power Market, US, Power Generation by Source, 2015-2035

– Renewable Power Market, US, Growth in Power Generation by Source, 2023-2035

3. Biopower Market, US

3.1 Biopower Market, US, Installed Capacity, 2015-2035

3.2 Biopower Market, US, Power Generation, 2015-2035

3.3 Biopower Market, US, Market Size, 2015-2030

3.4 Biopower Market, US, Power Plants

– Biopower Market, US, Major Active Plants

– Biopower Market, US, Snapshot of Upcoming Plants

– Biopower Market, US, Key Under-construction Projects.

3.5 Biopower Market, US, Deal Analysis, 2023

– Biopower Market, US, Deal Volume vs. Deal Value, 2015–2023

– Biopower Market, US, Split by Deal Type, 2023

4. Renewable Energy Market, US, Overview

4.1 Federal Initiatives, US

– Brief of the upcoming 2025 Budget

– Climate Goals in Federal Fiscal Year 2024 Budget

– Tax Cuts and New Jobs Act (TCJA)

– Inflation Reduction Act (IRA)

– Production Tax Credits

– Investment Tax Credits

– Solar Manufacturing for America Act (SEMA)

– Residential Renewable Energy Tax Credit

– Renewable Energy Target

– Rural Energy for America Program: Grants

– Empowering Rural America Program (New ERA)

– Tribal Energy Program Grant

– US Department of Energy – Loan Guarantee Program

– Green Power Purchasing Goal

– Federal Initiatives for Solar Power

SunShot Initiative, 2030

Solar Funding

– Federal Initiatives for Wind Power

– Federal Initiatives for Biopower and Biofuels

Energy Policy Act – Alternative Fuels

Biorefinery Assistance Program

– DOE Funding for Renewables and Geothermal Energy

– Hydrogen Energy – DOE Hydrogen Program

4.2 Common State-Level Incentives

– Overview

– Renewable Portfolio Standards

– Renewable Energy Certificates

– Public Benefit Funds for Renewable Energy

– Interconnection Standards

– Standard Interconnection Agreements for Wind Power Plants

– Net Metering

– Property Assessed Clean Energy (PACE)

5. Biopower Market, US, Company Profiles

5.1 WEC Energy Group Inc

– WEC Energy Group Inc – Company Overview

– WEC Energy Group Inc – Business Description

– WEC Energy Group Inc – SWOT Analysis

– WEC Energy Group Inc – Major Products and Services

– WEC Energy Group Inc – Head Office

5.2 The AES Corp

– The AES Corp – Company Overview

– The AES Corp – Business Description

– The AES Corp – SWOT Analysis

– The AES Corp – Major Products and Services

– The AES Corp – Head Office

5.3 Santee Cooper

– Santee Cooper – Company Overview

– Santee Cooper – Business Description

– Santee Cooper – SWOT Analysis

– Santee Cooper – Major Products and Services

– Santee Cooper – Head Office

5.4 PPL Corp

– PPL Corp – Company Overview

– PPL Corp – Business Description

– PPL Corp – SWOT Analysis

– PPL Corp – Major Products and Services

– PPL Corp – Head Office

5.5 NRG Energy Inc

– NRG Energy Inc – Company Overview

– NRG Energy Inc – Business Description

– NRG Energy Inc – SWOT Analysis

– NRG Energy Inc – Major Products and Services

– NRG Energy Inc – Head Office

6. Appendix

6.1 Abbreviations

6.2 Methodology

– Coverage

– Secondary Research

– Primary Research

– Modelling and Forecasting

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Table

List of Tables

Table 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2015–2023

Table 2: Primary Energy Consumption, Global, 2015–2023

Table 3: Renewable Power Market, US, Cumulative Installed Capacity by Source (GW), 2015-2035

Table 4: Renewable Power Market, US, Cumulative Installed Capacity Share by Source (%), 2023 and 2035

Table 5: Renewable Power Market, US, Net Capacity Additions by Source (GW), 2024-2035

Table 6: Renewable Power Market, US, Capacity Growth by Source, 2023-2035

Table 7: Renewable Power Market, US, Power Generation by Source (TWh), 2015-2035

Table 8: Renewable Power Market, US, Growth in Power Generation by Source, 2023-2035

Table 9: Biopower Market, US, Installed Capacity (GW), 2015-2035

Table 10: Biopower Market, US, Power Generation (TWh), 2015-2035

Table 11: Biopower Market, US, Market Size ($M), 2015-2030

Table 12: Biopower Market, US, Major Active Plants – Onshore

Table 13: Biopower Market, US, Snapshot of Upcoming Plants

Table 14: Biopower Market, US, Key Under-construction Projects

Table 15: Biopower Market, US, Deal Volume vs. Deal Value ($M), 2015–2023

Table 16: Biopower Market, US, Deals by Type, 2023

Table 17: Renewable Energy Project Tax Components and changes with new tax code, US

Table 18: Renewable Energy Market, US, Investment Tax Credit

Table 19: Renewable Energy Market, US, Green Power Purchasing Goal (%), 2018–2025

Table 20: Renewable Energy Market, US, Sun shot Progress and Goals

Table 21: Renewable Energy Market, US, Renewable Portfolio Standards, State Targets

Table 22: WEC Energy Group Inc, Major Products and Services

Table 23: The AES Corp, Major Products and Services

Table 24: Santee Cooper, Major Products and Services

Table 25: PPL Corp, Major Products and Services

Table 26: NRG Energy Inc, Major Products and Services

Table 27: Abbreviations

Figures

List of Figures

Figure 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2015–2023

Figure 2: Primary Energy Consumption, Global, 2015–2023

Figure 3: Renewable Power Market, US, Cumulative Installed Capacity by Source (GW), 2015-2035

Figure 4: Renewable Power Market, US, Cumulative Installed Capacity Share by Source (%), 2023 and 2035

Figure 5: Renewable Power Market, US, Net Capacity Additions by Source (GW), 2024-2035

Figure 6: Renewable Power Market, US, Capacity Growth by Source, 2023-2035

Figure 7: Renewable Power Market, US, Power Generation by Source (TWh), 2015-2035

Figure 8: Renewable Power Market, US, Growth in Power Generation by Source, 2023-2035

Figure 9: Biopower Market, US, Installed Capacity (GW), 2015-2035

Figure 10: Biopower Market, US, Power Generation (TWh), 2015-2035

Figure 11: Biopower Market, US, Market Size ($M), 2015-2030

Figure 12: Biopower Market, US, Snapshot of Upcoming Plants

Figure 13: Biopower Market, US, Deal Volume vs. Deal Value ($M), 2015–2023

Figure 14: Biopower Market, US, Split by Deal Type (%), 2023

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