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EIA Estimates Record U.S. Electric Generating Capacity Additions in 2026, with Solar in the Lead

LCG, February 20, 2026--The EIA today issued an "in-brief analysis" that estimates U.S. power plant developers and operators plan to complete a record installation of 86 GW of new, utility-scale electric generating capacity that is connected to the U.S. power grid in 2026. Last year, 53 GW of new capacity was added to the grid, which was the largest capacity installation in a single year since 2002. Thus the estimate of 86 GW of new capacity in 2026 is a whopping 33 GW greater than the year prior. It should be noted that over 20 GW of the 86 GW of new capacity this year is estimated to be completed in December.

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Enhanced Geothermal Systems May Drive Significant Growth in Geothermal Power Generation

LCG, February 19, 2026--The EIA released an "in-brief analysis" today regarding the expected completion of the first, large-scale commercial enhanced geothermal system (EGS) in June 2026, and the significant growth potential for year-round, 24x7, carbon-free, renewable EGS power generation in the United States.

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Industry News

Australian Power Prices Spike as Output Falls

LCG, Feb. 21, 2001Electricity prices in the Australian states of Victoria and South Australia shot up abruptly during a summer heat wave as output from the 2000 megawatt Loy Yang A power plant was cut by half.

Loy Yang's operators said the reduction in output to a low of around 1,055 megawatts was caused by failure of the market operator to dispatch its available capacity.

Wholesale power prices had been about $20.00 (U.S.) per megawatt-hour when the effects of the heat wave caused them to rise. At the same time, the transmission interconnector between Victoria and neighboring state New South Wales was close to capacity, shutting out generators in New South Wales.

This brought about a flurry of rebidding, or moving significant amounts of power toward higher prices, a Loy Yang spokesman attempted to explain. Prices then soared to almost $2,400 (U.S.) per megawatt-hour.

The activity caused the market operator to overlook Loy Yang, the spokesman said, and the power was cut back. "If the market dispatcher doesn't dispatch us, then (the power) doesn't go," he said.

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