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The Renewables Monthly Metals Index (MMI) rose by 4.4% this month, as the Energy Information Administration released a forecast on renewable energy. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Renewable energy growth in the US ipopba/Adobe Stock US electricity generation from renewable energy sources is forecast to double over the next 30 years, according to the Energy Information Administration. Renewable energy sources accounted for 21% of US electricity generation in 2020.  The EIA forecasts that percentage will reach 42% by 2050. The renewable energy increase will come on the back of declining coal and nuclear power usage, the EIA said. Furthermore, wind power will account for the majority of renewable energy gains until 2024.

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