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EIA: U.S. to See 28% of Coal-Fired Power Plant Capacity Retire by 2035

EIA: U.S. to See 28% of Coal-Fired Power Plant Capacity Retire by 2035

power

Industry Segment: Power | Word Count: 683 Words

SUGAR LAND--December 20, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Well over a fourth of the operating U.S. coal-fired generation capacity, representing 59 gigawatts (GW), is planned to retire by 2035, according to the U.S. Energy Information Administration (EIA). Coal-fired power plants are a major source of carbon dioxide (CO2) emissions at a time when many states with clean energy standards are seeking to reduce or completely phase out coal fired-generation, and cheaper, more environmentally-friendly alternative sources, such as renewable and natural gas-fired generation, are on the rise.

Companies featured: Duke Energy Corporation (NYSE:DUK), Vistra Corporation (NYSE:VST)

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