INSIGHT by Seth Feaster, Institute for Energy Economics and Financial Analysis (IEEFA)
〉The U.S. is on track to close half of its coal-fired generation capacity by 2026, just 15 years after it reached its peak in 2011.
〉Roughly 40%, about 80.6 gigawatts, of remaining U.S. coal-fired capacity is set to close by the end of 2030.
〉Fewer than 200 large-scale coal-fired units (50 MW or more) remain without announced retirement dates, and 118 of those are at least 40 years old.
〉Coal use by U.S. electric-power producers is falling quickly again after a short-lived post-pandemic recovery, possibly falling to only 400 million tons in 2023—less than half of what was used just 10 years ago.
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