Retirement of Coal-Fired Power Plant Units to Pick Up Pace this Year in U.S.

SUGAR LAND--January 13, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Many reasons exist for the retirement of coal-fired power capacity in the U.S.: aging plants, environmental concerns and cost-competitive alternatives such as natural gas and renewables. According to the U.S. Energy Information Administration (EIA), operators have scheduled 14.9 gigawatts (GW) of generating capacity to be retired in the U.S. this year, with 85% of this coming from coal-fired plants, followed by natural gas (8%) and nuclear (5%).