Coal news and updates

Xcel Energy plans to exit coal by 2030, replaced by nuclear and gas

Xcel Energy has asked Minnesota regulators for a runtime extension of its two nuclear power plants and proposes to add wind, solar and gas-fuelled peaking capacity as it upholds plans to exit coal power by the end of 2030. Apart from running the Prairie Island and the Monticello nuclear plants longer, Xcel wants to add 2,200 of firm, dispatchable capacity.

Feb 6 – In 2024, global gas demand is forecast to grow by 2.5%, or 100 billion cubic metres (bcm), according to the International Energy Agency (IEA). Colder winter weather this year pushed up gas demand for space heating while the sharp drop in gas prices from 2022-highs is bound to support the recovery of gas-fired power generation.