The Department of Energy’s Office of Fossil Energy is funding research and development into small, modular coal-fired power plants in 2019 in an effort to revive the coal-fired power generation sector and diversify the power generation industry. The potential for higher natural gas prices in the future and an over-reliance on natural-gas fired electricity generation…
Westmoreland Coal Co., one of the oldest coal mining companies in the U.S. has filed for bankruptcy. The filing represents the fourth major U.S. coal company to file for Chapter 11 bankruptcy in three years due to continual decline in demand for coal throughout the U.S. as well as overseas. Despite efforts by government agencies…
Per the EIA, in the US in 2016 wind and solar energy generation accounted for nearly 9,000 MW and 8,000 MW, respectively, of capacity additions while natural gas-fired generation added approximately 7,900 MW. The cost of natural gas-fired generation is still considerably cheaper, averaging $895/kW versus wind and solar with an average installed cost (nominal…
The EIA’s Short-Term Energy Outlook released in July has natural gas-fired generation supplying approximately 37% of total electricity in the U.S. this summer, with coal-fired generation falling to approximately 30% of total supply. Low natural gas prices along with over 5 gigawatts of additional natural gas-fired capacity that has come online this year are the…
