U.S. Energy Horizons to 2050 Report by OnLocation: Key Findings and Analysis

The U.S. energy system is set to undergo a significant transformation through 2050, driven by new technologies, policies, and consumer choices. This transition will bring about new market dynamics, industry challenges, and changes in energy-related greenhouse gas emissions. OnLocation, a KeyLogic company, has released the “U.S. Energy Horizons to 2050” report, which explores these issues using its enhanced version of the National Energy Modeling System (OL-NEMS).

The report provides Reference and Advanced Technologies scenarios to showcase the impacts of clean technology innovation and enabling policies that could lead to deeper decarbonization. A release webinar for the report is scheduled for Thursday, June 27 at 2 p.m. (EST).

The “OnLocation U.S. Energy Horizons to 2050 (OL EH)” report offers a comprehensive view of the U.S. energy system through 2050 and can be used by various stakeholders to inform policy decisions. It projects potential future effects on energy supply and demand based on specific actions taken, considering the impact of existing and potential policies and technologies affecting energy-related greenhouse gas emissions.

OnLocation developed OL EH based on its own version of the National Energy Modeling System, incorporating updates and policy changes to address energy system issues and CO2 mitigation strategies important to its clients. The report aims to provide a valuable resource to the energy and climate modeling community.

The release of the OL EH report comes at a crucial time, as the U.S. energy system experiences rapid and complex changes. With the U.S. Energy Information Administration (EIA) not releasing an Annual Energy Outlook for 2024, OnLocation’s report fills the gap and offers insights into the future trajectory of the energy system.

Key updates in the OL EH report include projections for hydrogen production, carbon capture and sequestration, renewable energy costs, and updated regulations for greenhouse gas standards. These modifications lead to greater CO2 reductions in most energy sectors by 2050 compared to previous outlooks.

Overall, the OL EH report provides valuable insights into the potential future of the U.S. energy system and serves as a valuable tool for organizations looking to navigate the evolving energy landscape. Additional reports on related topics are planned for later this year, showcasing OnLocation’s commitment to providing cutting-edge analysis and insights for the energy industry.