One sector that could end up benefiting with the increase in demand for power from AI anddata centers is the coal industry, where coal-fired power plants in the U.S. have been challengedover the past decade by the rise of cheap natural gas and environmental regulations. …
News Tag: power demand
Duke Extends the Life of Its Largest Coal Plant
Duke Energy Corp. plans to extend the life of its largest coal-fired power plant for 3 years, pushing aside its climate goal to shutter all facilities that burn coal by 2035. Duke says its emission-reduction goals are not changed but are not linear and its resource plans are not final decisions as they are revised regularly. Duke’s power …
Global coal exports and power generation hit new highs in 2023
Worldwide electricity generation from coal hit record highs in 2023, while thermal coal exports surpassed 1 billion metric tons for the first time as coal’s use in power systems continues to grow despite widespread efforts to cut back on fossil fuels. …