ASFE Winberg noted that DOE’s Energy Information Administration projects that global coal consumption will remain relatively stable between 2015 and 2040, which is encouraging news for U.S. coal exports. Last year, the United States exported 116 million short tons of coal, the second year in a row that coal exports have risen. That is also the highest level of coal export in the past five years.
“We have enormous coal resources available, and there’s a massive market in Asia—but we have a lack of export capacity on the West Coast. This Administration wants to expand that capacity,” said ASFE Winberg in his prepared remarks. “So, looking across the landscape, here’s what we see—coal will continue to be in demand as a global energy source, and it will continue to be critical to the resiliency, reliability, and stability of the Nation’s electricity grid.”
ASFE Winberg highlighted the many ways DOE is working to make the U.S. current coal power fleet more efficient and competitive, to bring the advanced coal plants of the future online.
A few of these investments and research efforts include DOE’s robust carbon capture, utilization, and storage (CCUS) program; the COAL First initiative; new policies that encourage the use of carbon capture technologies, such as the 45Q tax credit; Direct Air Capture system and technology research; DOE’s distinct coal-to-products research and development initiative; and more.
“At the end of the day, new technologies need to be tested and proven. Innovative processes need to be refined. The groundwork for the next generation of power plants needs to be laid. CCUS technologies need to be commercialized and deployed. And advanced systems to convert coal and carbon dioxide into valuable products need to be in place,” said ASFE Winberg in his prepared remarks. “Our research will help do this. But collaboration with industry, academia, and our international partners will continue to be critical to our success in these endeavors.”