Coal-fired opportunities still exist, long duration storage a play in US power markets: execs

摘要

Despite some US power market challenges, opportunities remain for a range of generation resources including coal-fired assets in PJM Interconnection and long duration storage in western US states, but the next five years could see market dynamics change significantly, executives and analysts said Tuesday. “We’ve been seeing the retirement of coal and nuclear generation assets [and their replacement] by natural gas and renewables, but now this year we are seeing energy storage being added,” Paul Browning, CEO of Mitsubishi Hitachi Power Systems America, told S&P Global Platts' Financing US Power Conference in New York. Another year-over-year change the gas turbine manufacturer is seeing is the amount of attention hydrogen is getting for storage applications, Browning said. The company is storing hydrogen in salt caverns in Utah as it expects the fuel to be important for long duration energy storage applications, he said.