Displaying items by tag: clean energy
“Our intelligence and flexibility as a society will be tested as the financial and industrial giants all figure out what they’re going to do.”
The Tennessee Valley Authority intends to phase out its aging fleet of coal plants by 2035, potentially replacing the age-old carbon-rich power source with increased use of natural gas and refreshed, concentrated supplies of nuclear energy as the vast utility moves to drastically reduce its greenhouse gas emissions.
The plan emerged Wednesday, about a month after the Biden administration called on the U.S. power sector to eliminate pollutants linked to climate change by 2035.
The Tennessee Valley Authority is the largest public provider of electricity in the United States. It provides wholesale power to every major municipal provider in Tennessee, as well as other metropolitan areas and smaller utility districts and cooperatives within its seven-state service area.
Coal represents 14 percent of TVA’s energy portfolio. Its other main fuel sources are nuclear (41 percent) and fossil gas (27 percent). Hydropower accounts for 13 percent of its generation, with solar, wind and efficiency programs making up only 5 percent of its current power portfolio, according to the Knoxville-based Southern Alliance for Clean Energy.
The consequential plan was introduced almost off-handedly on Wednesday by TVA President and CEO Jeff Lyash, who appeared with West Virginia Sen. Joe Manchin during a live online international energy discussion hosted by the Atlantic Council, a bipartisan global think tank.
The TVA plan as announced during the webinar was first reported by the Chattanooga Times Free Press, and then relayed locally on Friday by Knoxville Compass. The Lyash and Manchin quotes and descriptions below were derived from the recorded seminar or a TVA transcript of the event passed to Hellbender Press by Compass.
Two TVA spokesmen didn’t respond to requests for comment on Friday.