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Released August 27, 2021 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Just as building new power plants is very big business, so is tearing down the old ones. Industrial Info is tracking $3.57 billion worth of active power plant demolition and dismantlement projects in the U.S., as aging nuclear plants reach the end of their lifespans and electricity providers move away from coal and toward renewables.
Click on the image at right for a graph showing demolition project activity in the U.S. Power Industry by fuel type.
Between 2011 and 2020, about 106,000 megawatts (MW) of coal-fired capacity was retired in the U.S., according to Industrial Info. Over the next decade, 2021-2030, another 55,000 MW of coal-fired capacity is slated for retirement. For more information, see February 9, 2021, article - U.S. Coal-Fired Power Plant Retirements Could Reach 55,000 Megawatts in Coming Decade, and March 23, 2021, article - Renewables Expected to Grow Sharply in Projection of U.S. Electric Market.
Demolition and dismantlement projects that are now in the construction (or rather, deconstruction) phase total $825 million in value. The most substantial of these is Duke Energy Corporation's (NYSE:DUK) (Charlotte, North Carolina) 964-MW Crystal River South Plant demolition and dismantlement project in Florida. The two-unit coal-fired plant was built in the 1960s and served customers in Florida. Duke retired the plant in 2018 when its 1,640-MW, natural gas-fired Citrus Combined-Cycle Station came online. The 200-foot-tall, 125-foot-wide power houses at the Crystal River site were imploded in June. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for a detailed project report.
Duke Energy is retiring coal plants and replacing them with natural gas plants and renewables as part of its goal to reduce carbon dioxide (CO2) emissions by 50% by 2030 and reach net-zero CO2 emissions by 2050. In Florida, the company plans to have 27 solar plants in service by 2024 to generate 1.5 gigawatts (GW).
In California, the Los Angeles Department of Water and Power (LADWP) is engaged in a demolition/dismantlement project at its 444-MW Haynes Generating Station in Long Beach. Engineering, consulting and construction firm TRC (Lowell, Massachusetts) is dismantling and removing four decommissioned generating units at the site. The natural gas-fired units were decommissioned between 2003 and 2013, according to TRC. The project is in line with LADWP's goal to achieve 100% renewables by 2045 and a carbon-neutral power portfolio by 2050. Subscribers can click here for more project information.
In New Haven, West Virginia, American Electric Power Company Incorporated (AEP) (NYSE:AEP) (Columbus, Ohio) continues with the dismantlement and demolition of the retired Philip Sporn Power Station. Two smoke stacks at the power station were imploded in May. The 1.1-GW power plant was shut down in 2015 as part of the company's plan to retire nearly 6 GW of coal-fired power capacity in compliance with Environmental Protection Agency regulations. Completion of the dismantlement and demolition is planned for November. Subscribers can click here for more project information.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
Between 2011 and 2020, about 106,000 megawatts (MW) of coal-fired capacity was retired in the U.S., according to Industrial Info. Over the next decade, 2021-2030, another 55,000 MW of coal-fired capacity is slated for retirement. For more information, see February 9, 2021, article - U.S. Coal-Fired Power Plant Retirements Could Reach 55,000 Megawatts in Coming Decade, and March 23, 2021, article - Renewables Expected to Grow Sharply in Projection of U.S. Electric Market.
Demolition and dismantlement projects that are now in the construction (or rather, deconstruction) phase total $825 million in value. The most substantial of these is Duke Energy Corporation's (NYSE:DUK) (Charlotte, North Carolina) 964-MW Crystal River South Plant demolition and dismantlement project in Florida. The two-unit coal-fired plant was built in the 1960s and served customers in Florida. Duke retired the plant in 2018 when its 1,640-MW, natural gas-fired Citrus Combined-Cycle Station came online. The 200-foot-tall, 125-foot-wide power houses at the Crystal River site were imploded in June. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for a detailed project report.
Duke Energy is retiring coal plants and replacing them with natural gas plants and renewables as part of its goal to reduce carbon dioxide (CO2) emissions by 50% by 2030 and reach net-zero CO2 emissions by 2050. In Florida, the company plans to have 27 solar plants in service by 2024 to generate 1.5 gigawatts (GW).
In California, the Los Angeles Department of Water and Power (LADWP) is engaged in a demolition/dismantlement project at its 444-MW Haynes Generating Station in Long Beach. Engineering, consulting and construction firm TRC (Lowell, Massachusetts) is dismantling and removing four decommissioned generating units at the site. The natural gas-fired units were decommissioned between 2003 and 2013, according to TRC. The project is in line with LADWP's goal to achieve 100% renewables by 2045 and a carbon-neutral power portfolio by 2050. Subscribers can click here for more project information.
In New Haven, West Virginia, American Electric Power Company Incorporated (AEP) (NYSE:AEP) (Columbus, Ohio) continues with the dismantlement and demolition of the retired Philip Sporn Power Station. Two smoke stacks at the power station were imploded in May. The 1.1-GW power plant was shut down in 2015 as part of the company's plan to retire nearly 6 GW of coal-fired power capacity in compliance with Environmental Protection Agency regulations. Completion of the dismantlement and demolition is planned for November. Subscribers can click here for more project information.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
