Renewables are the fastest-growing source of electricity generation in North America. Coal and nuclear combined currently generate 47% of U.S. electricity. Over the next two decades, U.S. electricity generation from nuclear and coal is projected to decline to 14% while renewable sources of U.S. electricity are projected to grow to 37%. We believe this presents exciting opportunities for the firm.
EnCap's energy transition team is leading the effort to explore these opportunities and is comprised of highly qualified executives with a proven track record of value creation in the electric power and alternative energy space and an extensive network of relevant industry contacts. Jim Hughes, Tim Rebhorn, Shawn Cumberland and Kellie Metcalf worked together at Prisma Energy Capital and other firms before joining EnCap.