Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Economy

Trump admin ramps up effort to revive coal industry as power demand surges

News Room by News Room
February 27, 2026
Reading Time: 3 mins read
0
Coal plants step up as historic winter storm pushes US power grid to the brink

The Trump administration is stepping up its push to reinvigorate the U.S. coal industry as it pursues its goal of boosting energy security.

Last week, the Department of Energy announced it would provide $175 million in funding for projects to modernize, retrofit and extend the useful life of six coal-fired power plants that serve rural and remote communities. 

The agency said the move is intended to keep dependable sources of energy online, while also strengthening the reliability of the electric grid and keeping electricity costs low for American households and businesses.

The funding came from a previously announced $525 million plan to extend the life of coal plants and increase efficiency because the administration views modernizing existing plants as a fast and cost-effective way to provide reliable power while preserving high-wage energy jobs.

COAL PLANTS STEP UP AS HISTORIC WINTER STORM PUSHES US POWER GRID TO THE BRINK

“For years, previous administrations targeted America’s coal industry and the workers who power our country, forcing the premature closure of reliable power plants and driving up electricity costs,” said Energy Secretary Chris Wright. 

“President Trump has ended the war on American coal and is restoring commonsense energy policy. These investments will keep America’s coal plants operating, keep costs low for Americans and ensure we have the reliable power needed to keep the lights on and power our future.”

TRUMP ADMIN CANCELS $30B IN BIDEN-ERA LOANS

A view of a coal-powered energy station.

The coal-fired power plants selected as part of the $175 million project include:

  • Appalachian Power Company’s facilities in Letart and Winfield, West Virginia
  • Buckeye Power’s plant in Brilliant, Ohio
  • Duke Energy Carolinas’ plants in Sauaratown Township, North Carolina
  • Kentucky Utilities Corporation’s facility in Ghent, Kentucky
  • Monongahela Power Company’s power plant in Maidsville, West Virginia
  • Ohio Valley Electric Corporation’s plant in Cheshire, Ohio

Electricity demand is surging amid the artificial intelligence (AI) race, and data centers that consume vast amounts of energy become a bigger drain on the grid.

TRUMP ENERGY CHIEF OUTLINES COAL’S ‘CRUCIAL’ ROLE IN AFFORDABILITY AS ADMIN PUSHES TO KEEP PLANTS RUNNING

Coal on barges in Pittsburgh, US, on Monday, Sept. 9, 2024. Weekly US coal production was down 13.8% year-to-date for the week ending on August 31 according to the Department of Energy. Photographer: Justin Merriman/Bloomberg via Getty Images

The Trump administration’s push to boost coal as a part of the nation’s energy mix comes after years of decline as coal power plants closed. Coal’s decline came amid the rise of natural gas and renewable energy sources as energy sources.

Data from the Energy Information Administration (EIA) shows that coal’s total output for electricity generation peaked in 2007, when it was the source of 2,016 billion kilowatt-hours of electricity. 

That figure declined to 675 billion kilowatt-hours as of 2023, when coal’s share of electricity generation was 16.2%. Coal last generated over half of the nation’s electricity in the early 2000s and peaked as a proportion of the energy mix in the 1980s.

Natural gas surpassed coal as the country’s largest source of electricity in 2016, and EIA data showed natural gas generated 43.1% of the nation’s electricity in 2023.

Read the full article here

ShareTweetSendSend

Related Posts

US businesses shift away from China under Trump tariffs
Economy

US businesses shift away from China under Trump tariffs

February 26, 2026
Fed's favored inflation gauge showed consumer price growth remained elevated in December
Economy

Fed's favored inflation gauge showed consumer price growth remained elevated in December

February 25, 2026
US economy grew slower than expected in fourth quarter
Economy

US economy grew slower than expected in fourth quarter

February 24, 2026
Deadliest jobs in America revealed
Economy

Deadliest jobs in America revealed

February 23, 2026
Will refunds be issued after Supreme Court ruling on Trump tariffs?
Economy

Will refunds be issued after Supreme Court ruling on Trump tariffs?

February 22, 2026
How should businesses approach tariff refunds?
Economy

How should businesses approach tariff refunds?

February 21, 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • FHFA chief says Trump deployed $200B to slash mortgage rates, impact was immediate
  • American Express to build 55-floor tower at World Trade Center site
  • Trump admin ramps up effort to revive coal industry as power demand surges

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.