U.S. DOE Funds $625M Coal Plant Modernization to Boost Grid Reliability
The U.S. Department of Energy has allocated $625 million to extend the life of coal power plants and improve their efficiency. This funding aims to maintain grid reliability and affordability, particularly in rural communities.
The funding, announced by Energy Secretary Chris Wright, includes $350 million for recommissioning or modernizing coal power units. An additional $350 million is dedicated to various projects, with $25 million each for dual-firing retrofits and development of natural gas cofiring systems. The remaining $50 million is allocated for wastewater management systems to reduce operational costs.
The Department also aims to benefit rural communities, with $175 million earmarked for projects enhancing energy affordability, reliability, and resiliency. Wright emphasized the importance of 'beautiful, clean coal' for America's reindustrialization and winning the AI race.
The U.S. Department of Energy's $625 million funding is set to revitalize coal power plants and maintain grid stability. This investment, welcomed by the coal industry, seeks to keep coal plants operational and ensure electricity prices and reliability remain consistent.
