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It also suggest that coal power will enter a death-spiral, where coal plants will become increasingly expensive to build and maintain due to a lack of scale.
by beerlord 8y ago
It also suggest that coal power will enter a death-spiral, where coal plants will become increasingly expensive to build and maintain due to a lack of scale.
- Gibbon1 8y agoThing that surprised me is from the IEA, coal fired plants aren't cheap to build. What's cheap to build are combined cycle natural gas plants. If you want to know where combined cycle natural gas is going in the future, look at GE's stock price.
- toomuchtodo 8y agoGE laid off 12k people from its power division last year [1] due to lackluster outlook on nat gas generation. Also, GE's stock price is a poor indicator of future outlook of power generation, due to their financials unraveling [2]. [1] https://www.usatoday.com/story/money/2017/12/07/ge-job-cuts/929888001/ https://www.usatoday.com/story/money/2017/12/07/ge-job-cuts/... [2] https://www.npr.org/templates/transcript/transcript.php?storyId=654138984 https://www.npr.org/templates/transcript/transcript.php?stor...