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Visualizing U.S. Energy Consumption in One Chart

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Visualizing U.S. Energy Consumption in One Chart

Visualizing U.S. Energy Consumption in One Chart

Every year, the Lawrence Livermore National Laboratory, a federal research facility funded by the Department of Energy and UC Berkeley, puts out a fascinating Sankey diagram that shows the fate of all energy that gets generated and consumed in the United States in a given year.

Today’s visualization is the summary of energy consumption for 2017, but you can see previous years going all the way back to 2010 on their website.

Dealing in Quads

The first thing you’ll notice about this Sankey is that it uses an unfamiliar unit of measurement: the quad.

Each quad is equal to a quadrillion BTUs, and it’s roughly comparable to the following:

  • 8,007,000,000 gallons (US) of gasoline
  • 293,071,000,000 kilowatt-hours (kWh)
  • 36,000,000 tonnes of coal
  • 970,434,000,000 cubic feet of natural gas
  • 25,200,000 tonnes of oil
  • 252,000,000 tonnes of TNT
  • 13.3 tonnes of uranium-235

Put another way, a quad is a massive unit that only is useful in measuring something like national energy consumption – and in this case, the total amount of energy used by the country was 97.7 quadrillion BTUs.

Energy Wasted

On the diagram, one thing that is immediately noticeable is that a whopping 68% of all energy is actually rejected energy, or energy that gets wasted through various inefficiencies.

It’s quite eye-opening to look at this data sorted by sector:

SectorEnd-Use EfficiencyRejected Energy (Quads)
Residential65%3.75
Commercial65%3.15
Industrial49%12.9
Transportation21%22.2

The transportation sector used 28.1 quads of energy in 2017, about 28.8% of the total consumption. However, it wasted 22.2 quads of that energy with its poor efficiency rate, which made for more rejected energy than the other three sectors combined.

This wastage and inefficiency in the transportation sector provides an interesting lens from which to view the green energy revolution, and it also helps explain the vision that Elon Musk has for the future of Tesla.

A Ways to Go

The last time we posted a version of this visualization was for the 2015 edition of the diagram, and we noted that renewables had a ways to go as a factor in the whole energy mix.

Here are how things have changed over the last two years:

Energy2015 (Quads)2017 (Quads)2-yr change
Petroleum35.436.22.3%
Natural Gas28.328.0-1.1%
Coal15.714.0-10.8%
Nuclear8.348.421.0%
Biomass4.724.914.0%
Hydro2.392.7715.9%
Wind1.822.3529.1%
Solar0.5320.77545.7%
Geothermal0.2240.211-5.8%

As you can see, solar and wind consumption are jumping considerably – but in absolute terms, our note from two years ago still remains true.

To make the desired impact, renewable energy still has a ways to go.

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Energy

Charted: 4 Reasons Why Lithium Could Be the Next Gold Rush

Visual Capitalist has partnered with EnergyX to show why drops in prices and growing demand may make now the right time to invest in lithium.

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The teaser image shows a bubble chart showing that the price of a Tesla is similar to that of other major auto manufacturers.

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The following content is sponsored by EnergyX

4 Reasons Why You Should Invest in Lithium

Lithium’s importance in powering EVs makes it a linchpin of the clean energy transition and one of the world’s most precious minerals.

In this graphic, Visual Capitalist partnered with EnergyX to explore why now may be the time to invest in lithium.

1. Lithium Prices Have Dropped

One of the most critical aspects of evaluating an investment is ensuring that the asset’s value is higher than its price would indicate. Lithium is integral to powering EVs, and, prices have fallen fast over the last year:

DateLiOH·H₂O*Li₂CO₃**
Feb 2023$76$71
March 2023$71$61
Apr 2023$43$33
May 2023$43$33
June 2023$47$45
July 2023$44$40
Aug 2023$35$35
Sept 2023$28$27
Oct 2023$24$23
Nov 2023$21$21
Dec 2023$17$16
Jan 2024$14$15
Feb 2024$13$14

Note: Monthly spot prices were taken as close to the 14th of each month as possible.
*Lithium hydroxide monohydrate MB-LI-0033
**Lithium carbonate MB-LI-0029

2. Lithium-Ion Battery Prices Are Also Falling

The drop in lithium prices is just one reason to invest in the metal. Increasing economies of scale, coupled with low commodity prices, have caused the cost of lithium-ion batteries to drop significantly as well.

In fact, BNEF reports that between 2013 and 2023, the price of a Li-ion battery dropped by 82%.

YearPrice per KWh
2023$139
2022$161
2021$150
2020$160
2019$183
2018$211
2017$258
2016$345
2015$448
2014$692
2013$780

3. EV Adoption is Sustainable

One of the best reasons to invest in lithium is that EVs, one of the main drivers behind the demand for lithium, have reached a price point similar to that of traditional vehicle.

According to the Kelly Blue Book, Tesla’s average transaction price dropped by 25% between 2022 and 2023, bringing it in line with many other major manufacturers and showing that EVs are a realistic transport option from a consumer price perspective. 

ManufacturerSeptember 2022September 2023
BMW$69,000$72,000
Ford$54,000$56,000
Volkswagon$54,000$56,000
General Motors$52,000$53,000
Tesla$68,000$51,000

4. Electricity Demand in Transport is Growing

As EVs become an accessible transport option, there’s an investment opportunity in lithium. But possibly the best reason to invest in lithium is that the IEA reports global demand for the electricity in transport could grow dramatically by 2030:

Transport Type202220252030
Buses 🚌23,000 GWh50,000 GWh130,000 GWh
Cars 🚙65,000 GWh200,000 GWh570,000 GWh
Trucks 🛻4,000 GWh15,000 GWh94,000 GWh
Vans 🚐6,000 GWh16,000 GWh72,000 GWh

The Lithium Investment Opportunity

Lithium presents a potentially classic investment opportunity. Lithium and battery prices have dropped significantly, and recently, EVs have reached a price point similar to other vehicles. By 2030, the demand for clean energy, especially in transport, will grow dramatically. 

With prices dropping and demand skyrocketing, now is the time to invest in lithium.

EnergyX is poised to exploit lithium demand with cutting-edge lithium extraction technology capable of extracting 300% more lithium than current processes.

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