CleanTechnica•about 18 hours ago
New Sierra Club Map Shows Expensive U.S. Gas Buildout
Key Takeaway
The Sierra Club's report highlights significant opposition and financial risk for new gas plant development, pushing developers and large consumers towards renewable alternatives amidst escalating electricity prices.
AI Summary
- •The Sierra Club's new tracker identifies nearly 500 planned new gas-fired power plants across the U.S., signaling a significant buildout despite rising electricity costs.
- •The report frames these proposed gas plants as "expensive and polluting," indicating increased regulatory and public opposition, and potential for stranded assets for developers and IPPs.
- •Electricity prices have recently increased at double the rate of inflation, highlighting continued cost pressures for large power consumers and a challenging economic environment for new generation.
- •The Sierra Club advocates for investment in renewable alternatives over new gas capacity, influencing policy and investment decisions for developers and large loads.
Topics
capacity-marketccgtdatacenteremissionsfinancingpolicysimple-cyclesolarstoragewind
Article Content
Washington, D.C. — Today, the Sierra Club released a new tracker which shows that while Americans are grappling with soaring costs, utility companies are planning to add nearly 500 more expensive and polluting gas-fired power plants across the country. Over the past year, electricity prices increased at double the rate of inflation. Rather than investing in ... [continued] The post New Sierra Club Map Shows Expensive U.S. Gas Buildout appeared first on CleanTechnica .