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IEEFA
S&P Global Market Intelligence ($): U.S. coal production in the first quarter of 2021 continued the industry’s recovery from a significant drop the previous year, but the sector’s employment levels are still suffering as the U.S. moves away from coal and embraces lower emission options. While coal production during the first quarter of this year […]
Press Release, Dennis Wamsted, Seth Feaster and David Schlissel
IEEFA analysts explain why solar, wind and battery storage are poised to push fossil generation off the grid
April 2, 2021 (IEEFA) ⎼ The Institute for Energy Economics and Financial Analysis will host a webinar on Thursday, April 8, 2021 to present findings from its recently released U.S. Power Sector Outlook 2021. Authors Dennis Wamsted, Seth Feaster, and David Schlissel will show how lower-cost wind and solar, coupled with battery storage, is rapidly […]
Tom Sanzillo and Cathy Kunkel
O’Halleran legislation aims to cushion economic losses caused by plant closures
April 2, 2021 (IEEFA) — The recently introduced New Promise Act, sponsored by Rep. Tom O’Halleran, D-Ariz., marks a potentially important step forward in recognizing the need for a federal commitment to economic revitalization in communities that have been hard-hit by the decline of the coal economy. The bill, inspired by the closure of the […]
Press Release, Dennis Wamsted, Seth Feaster and David Schlissel
Coal, gas set to become biggest losers as renewable generation climbs quickly
March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]
IEEFA
S&P Global Market Intelligence ($): Contura Energy Inc. is speeding up the exit of its thermal coal operations to focus on metallurgical coal as the COVID-19 pandemic continues to impact the broader coal sector. The company recorded a second-quarter net loss of $238.3 million, or a loss of $13.02 per share, down year over year […]
IEEFA
S&P ($): Despite drastic cuts in production, U.S. domestic thermal coal markets could continue to face oversupply for the foreseeable future as about a quarter of U.S. coal production is bound for power plants where customers have already set a future retirement date. An S&P Global Market Intelligence analysis showed that nine coal basins across […]
Frank Bass
Business case for renewables-based economic development grows stronger by the day
The transition to renewable energy is frequently advocated on environmental grounds, but the financial case for moving away from fossil fuels is becoming undeniably clear, according to experts speaking during the final week of IEEFA’s 2020 Energy Finance Conference (July 14-30). The annual meeting of international energy, finance and policy experts, which was offered online […]
IEEFA
S&P Global Market Intelligence ($): Several power markets have reported a drop in electricity demand of 10% or more due to the stay-at-home orders of the COVID-19 pandemic and the associated economic recession. Furthermore, first quarter 2020 reports show coal usage and employment decreased significantly, and impacts are continuing into the second quarter. S&P Global […]
IEEFA
S&P Global Market Intelligence ($): The U.S. Energy Information Administration further lowered its coal production forecasts for 2020, predicting a 25% drop in domestic coal production from 2019 levels in its most recent “Short-Term Energy Outlook.” As the coronavirus pandemic battered electricity demand and brought construction sites and manufacturing plants around the world to a […]
IEEFA
S&P Global Market Intelligence ($): Total U.S. coal production for the week ended April 18 decreased 41.5% year over year to 8.6 million tons from 14.7 million tons, according to data from the U.S. Energy Information Administration. For the 52 weeks ended April 18, production was 658.7 million tons, representing a year-over-year decline of 11.9%, […]
IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years
Coal, gas set to become biggest losers as renewable generation climbs quicklyMarch 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]