DOE to invest $625 million to keep coal plants running
The U.S. Department of Energy said Monday it will spend $625 million on upgrades designed to keep coal plants online. It’s part of an effort the Trump administration says will prevent closures that could raise energy costs and threaten grid reliability.The funding includes $350 million for plant modernization, $175 million for projects to bring cheaper energy to rural communities, $50 million to upgrade wastewater management systems, $25 million to enable dual-fuel operations, and $25 million to maintain boiler efficiency and reliability when using natural gas.Energy Secretary Christopher Wright said on Fox Business that coal remains central to U.S. energy security. He described it as the “backbone” of steel and cement production and said it will continue to provide 15 to 16 percent of U.S. electricity.“We’re going to export more of that coal, we’re going to use it for American industry, particularly as we reindustrialize, and it’s going to continue to provide 15%-16% of our electricity and enable us to reindustrialize and win the AI race,” Wright said.Daniel Turner, founder and executive director of Power the Future, said the move reverses years of misguided policies. “For years, eco-elites cheered as coal plants were forced to close, leaving families stuck with higher bills and devastating communities, but now common sense is winning,” Turner said in a press release. “Americans know you cannot run a modern economy on failed promises and solar panels alone, so these plants will continue to pump out power as we work to meet the energy challenges of the future. This is a victory for workers and for anyone who flips a switch and expects the lights to come on.”The Energy Information Administration says coal is often the second-highest source of electricity in the United States, while wind and solar do not rank in the top three.A recent Power the Future report warned of a “looming electricity affordability crisis,” citing the closure of about 400 fossil fuel plants since 2010. It argued that reduced fossil generation has raised household costs and recommended keeping coal capacity online and expanding it.Wright said the administration’s plan also includes measures to ensure coal plants run more efficiently. “Coal just makes the world go round,” Wright said. “And they’ve tried to strangle it, particularly the Biden administration, starting with the Obama administration.”Let’s stop wishing it would go away,” Wright added of coal. “It’s critical to our country.”
Latest News Stories
Arizona attorney general to appeal ‘fake electors’ ruling
Illinois quick hits: Small business grants announced; new Naperville DMV
Clintons ordered to testify on connections to Jeffrey Epstein in December
CBO says foreign companies could pick up some tariff costs
Guidelines issued on how taxpayers can claim deductions on tips, overtime in 2025
GOP attorneys general back rail merger, splitting Republicans on deal
WATCH: Trump admin moving ahead with dismantling the U.S. Dept. of Education
Debate persists over nation’s highest gas prices in California
Consensus for power supply solution still elusive
Digitization of aviation supply chain an opportunity to ascend out of 1950s
Zoning Cases in Crete and Manhattan Townships Postponed to December 16
Will County Commission Approves New Lenox Variances, Overriding Staff’s Denial Recommendation