POWER Magazine•16 days ago
Coal’s Not Dead Yet: B&W CTO Suggests Fossil Fuels Are Back in Favor
Key Takeaway
The 2024 election has ushered in a policy shift favoring fossil fuels, creating new development opportunities and influencing power procurement strategies for large consumers.
AI Summary
- •A B&W CTO indicates the 2024 presidential election has significantly shifted U.S. energy policy, making fossil fuels more viable for power generation.
- •Developers should anticipate a more favorable regulatory and investment climate for new or repowered fossil fuel projects, including natural gas and coal.
- •Large power consumers may see potential for increased grid stability and potentially more competitive long-term power purchase agreements from dispatchable fossil fuel sources.
Topics
ccgtdatacenteremissionsfinancingoempolicy
Article Content
“The result of the 2024 presidential election probably had the biggest impact on the direction the U.S. energy industry is headed right now,” Brandy Johnson, Chief Technology Officer (CTO) with Babcock & Wilcox (B&W), told POWER. “It has opened up the pathway for fossil fuels in power generation again.” That shift is already visible across […] The post Coal’s Not Dead Yet: B&W CTO Suggests Fossil Fuels Are Back in Favor appeared first on POWER Magazine .