Happy Monday! Welcome back to another week of ESC News Blog. We hope you had a good weekend! Let’s get started.
You know we like to keep up with
the happenings at the Department of Energy, and they are furthering their investment
in the American coal industry. Check
out our blog in mid-February for details for recipients of the first
round. Let’s dig
in.
Did anyone
happen to read the U.S. Department of Energy’s Hydrocarbon and Geothermal
Energy Office Release on June 4, 2026, their announcement, “Energy
Department to Invest $350 Million to Build, Modernize, and Restart Coal Power
Plants”? In the announcement, it goes on
to speak on how the U.S. Department of Energy (DOE) recently (June 4th)
published they will be investing in four more coal plants under their “Restoring
Reliability: Coal Recommissioning and Modernization” plan. The four projects awarded will be eligible to
share no more than $350 million and their combined generation capacity will be
over 3560 megawatts, if the projects are completed. Two of the projects are for new coal- fired
plants and the plants will be in Alaska and West Virginia. Another project will be in Puerto Rico and
they will be innovating their existing plant.
The last project will be in Maryland where they intend to restart and
innovate a previously closed plant. These projects combined with the first round
of awardees exhaust the $525 million the administration had available for their
“Restoring Reliability: Coal Recommissioning and Modernization” plan. We wish these projects luck innovating and
adding power to the American grid as well as improving their emissions. If you would like to read more of the Announcement
from the U.S. DOE’s Hydrocarbons and Geothermal Energy Office, please click
the link: Energy Department to Invest $350 Million to Build, Modernize, and Restart Coal Plants| Department of Energy.
If you would
like help in looking into how to store your liquid hydrocarbon safely in
underground storage or just find out what is underneath your feet to help with
your emission reduction goals, contact us via email in the Blog and check out
our ESC website!
We hope you have a wonderful evening and a productive week.
**Disclaimer: Please see the Immediate Release from
the U.S. DOE for specifics. **