POWER Magazine•about 19 hours ago
DOE Launches $100M Retrofit Program Targeting Coal Fleet Reliability
Key Takeaway
This program signals federal support for extending the operational life and reliability of existing coal plants, offering funding opportunities for developers and potentially stabilizing baseload supply for large consumers.
AI Summary
- •The Department of Energy (DOE) has launched a $100 million Notice of Funding Opportunity (NOFO) to provide federal backing for projects modernizing and restoring the reliability of the existing coal power plant fleet.
- •Administered by NETL under the Office of Fossil Energy and Carbon Management, this program targets life extension and operational improvements for coal assets.
- •For developers, this presents a direct funding pathway for retrofitting and upgrading coal plants; for large power consumers, it indicates continued federal support for existing baseload generation, potentially impacting long-term supply stability.
Topics
policyfinancingcapacity-market
Article Content
The Department of Energy (DOE) has released a Notice of Funding Opportunity (NOFO) providing up to $100 million in federal backing for projects focused on restoring and modernizing the nation’s existing coal plant fleet. The Oct. 31–issued NOFO, administered by DOE’s National Energy Technology Laboratory (NETL) under the Office of Fossil Energy and Carbon Management, […] The post DOE Launches $100M Retrofit Program Targeting Coal Fleet Reliability appeared first on POWER Magazine .