coal

LUMBERTON, N.C. (February 9, 2021) — Active Energy Group plc (AEG)  announced it has secured new funding in the amount of $10 million while also converting all existing debt to equity. The new funding and clean balance sheet will allow the company to accelerate development of its revolutionary CoalSwitch production facility in Lumberton, North Carolina. CoalSwitch is […]

The Columbia Energy Center, a two-unit 1,100-MW coal-fired station located in Columbia County, Wisconsin, south of Portage, will be permanently retired by the end of 2024.    Alliant Energy, which co-owns the facility with Wisconsin Public Service Corp. (a subsidiary of WEC Energy Group) and Madison Gas and Electric Co., made the announcement on Feb. […]

The 46th president of the United States has officially been sworn in. During his inauguration address President Joe Biden spoke of unity, empathy, and the challenges Americans must face together. Challenges indeed abound for Biden’s incoming environmental and energy team, including New Mexico congresswoman Deb Haaland as Interior Secretary, former Michigan Gov. Jennifer Granholm as […]

A report from Morgan Stanley, a global wealth management company, said coal-fired power generation is likely to disappear from the U.S. power grid by 2033, largely displaced by renewable energy resources. The report published Feb. 1 said renewable energy such as solar and wind power will provide nearly 40% of U.S. electricity in 2030, and […]

President Biden has signed executive orders designed to move the U.S. to carbon neutrality by midcentury, part of a $2 trillion plan that would overhaul the nation’s electricity and transportation sectors. The president’s plan, outlined Jan. 27, focuses on climate change and includes a White House task force that would direct policies on greenhouse gas […]

WASHINGTON, DC (JANUARY 27, 2021) – Utility Workers Union of America (UWUA), AFL-CIO President James Slevin today released the following statement in reaction to the Biden administration’s executive order establishing the Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization: “Due to powerful economic forces, demand for coal has been down for […]

A report from a major environmental group said that coal-fired power generation will continue to play a large role in U.S. electricity production for at least another 10 years. The Sierra Club report published Jan. 25, based on a review of integrated resource plans (IRPs) from the 50 U.S. utilities most invested in coal-fired and […]

Affiliates of one of South Korea’s largest business conglomerates announced they no longer will provide financial support for coal projects, putting in jeopardy plans to finish a 2,100-MW coal-fired power plant project that has been expected to come online in 2024. The six financial affiliates of the Hanwha Group, during a video conference on Jan. […]

With COVID-19 filling the news throughout 2020, it’s very likely you missed some of the most important developments that occurred in the power sector this year. Here’s a look at some of the highlights and big stories covered by the POWER staff this year. MOX Nuclear Fuel Loaded In January, Russian engineers announced the loading […]

Italy’s Enel is decommissioning one of its coal-fired power plants in Chile two years sooner than originally planned, with the unit’s closure coming two days after the Chile-based unit of a U.S. utility announced it would accelerate the closure of a pair of coal-fired power plants in the country. Enel on Dec. 31 is closing […]