Michael Boyle, an analyst at policy firm Energy Innovation, shares findings from the organization's 2022 cost crossover analysis between US coal plants and clean energy.
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“99, or over 99% of coal-fired power plants are more expensive on a going-forward cost, basically, than new renewables.”
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More from Michael Boyle
AssertionSupported
Boyle: Over 80% of US Coal Plants Cost 30% More Than Renewables
“You know, some coal plants are kind of close at the margin to the cost of new renewables, but a lot of the coal plants, more than 80%, are at least 30% more expensive to operate on a going-forward basis than the new renewables.”
Michael BoyleFeb 22, 2023▶ 6:45Stunning new data on coal vs renewables
PredictionNot checkable as stated
Boyle: Renewables sector will stop talking about inflation in a couple years
“When it comes to production, I tend to think that we're not going to be talking a ton about inflation in the renewable sector in a couple of years, and like I said before, the value of these projects is, is there in spades.”
Michael BoyleNov 3, 2023▶ 26:25Inflation plagues clean energy. How bad is it?
AssertionSupported
China to add 150 GW solar in 2023, 1 TW by 2026
“China in particular is adding clean energy at an absolutely mind-boggling pace. They're expected to add a 150 gigawatts of solar in twenty-twenty-three. That's roughly five times what the U.S. Is projected to add, and they're projected to top a terawatt of tot…”
Michael BoyleNov 3, 2023▶ 34:05Inflation plagues clean energy. How bad is it?
PredictionNot checkable as stated
Boyle: Coal demand will drop faster than IEA projects due to China
“The sheer investment happening in China is enough to make me bullish that, at least when it comes to coal, we're likely to see a steeper drop off than the IEA expects.”
Michael BoyleNov 3, 2023▶ 34:39Inflation plagues clean energy. How bad is it?
AssertionSupported
Boyle: Coal Replacement Savings Can Fund 137 GW of Battery Storage
“There's enough savings in this equation to pay for a 137 gigawatts, which is about 60% of the nameplate coal fleet capacity.”
Michael BoyleFeb 22, 2023▶ 7:39Stunning new data on coal vs renewables
Insight
Boyle: 'Used and useful' regulation penalizes utilities for early coal retirements
“That's profit that's built into shareholder expectations. Now you're asking them to shut that down. That creates a lot of uncertainty. Is the regulator going to continue allowing me to earn on an asset that's no longer operating? Like the regulatory standard i…”
Michael BoyleFeb 22, 2023▶ 9:22Stunning new data on coal vs renewables
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