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Coal Cost Crossover 3.0
The report finds that 99% of U.S. coal plants are more expensive to operate than to replace with new renewable energy. It highlights that local solar and wind resources, bolstered by IRA tax credits and the ability to reuse existing grid interconnections, offer a cost-effective path for coal retirement. The analysis suggests that the savings from this transition could fund 137 GW of four-hour battery storage to maintain grid reliability. The authors recommend that policymakers update resource plans, improve interconnection processes, and utilize IRA financing to ensure a just economic transition for coal-dependent communities.
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Document type: Report