Vistra Plans 860 MW Gas Plants as Trump Backs Coal, Nuclear Sees $350B Boost by 2050
Texas-based Vistra has revealed plans to construct two new gas-fired power plants, totalling 860 MW, in the Lone Star State. Meanwhile, the Trump administration has allocated $625 million for modernising and restarting coal plants. Looking ahead, Bloomberg Intelligence foresees a $350 billion investment in USA nuclear power by 2050.
Vistra's expansion includes a 20-year electricity supply contract for its Comanche nuclear power plant, though the partnering company remains unnamed. The USA Energy Department is exploring the use of plutonium from the nuclear weapons stockpile in power plants to boost energy output.
The IRS has faced criticism for its slow processing of federal incentives for electric vehicle (EV) purchases, with today marking the expiration of certain tax credits. A nonprofit estimates that up to $283 million in federal funding for EV charging stations could go unspent.
In a bid to accelerate clean energy development, state lawmakers across PJM have urged the grid operator to facilitate rapid interconnection. Additionally, leasing auctions for 14,000 acres of coal mining land across multiple states commence today.
Vistra's gas power plant project and the Trump administration's coal plant modernisation efforts highlight the ongoing evolution of the USA energy landscape. As EV incentives expire and funding for charging stations remains untapped, the future of clean transportation hangs in the balance. State lawmakers' push for rapid clean energy development and today's coal mining land auctions further underscore the complex dynamics at play in the nation's energy sector.
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