Climate Politics
US Planning First New Coal Power Plant Since 2013 in Alaska
Coal once supplied more than half of US electricity, but that figure has been steadily declining and now stands at about 16%.
Photographer: Luke Sharrett/BloombergTerra Energy Center is pouring $1 billion into a deal for a planned coal project in Alaska, marking the first investment in new US coal power in more than a decade.
The in-principal agreement with Hyundai Heavy Industries Power Systems for an order of power-plant boilers was described in a US Interior Department fact sheet Monday. The transaction is one of several that advanced during talks at the Indo-Pacific Energy Security Ministerial and Business Forum in Tokyo this weekend.