Why Coal Companies Are Collapsing in Spectacular Fashion

Energy Gang

Wood Mackenzie

Tech News, Environment, Sustainability, Innovation, Renewable Energy, Technology, Alternative Energy, Energy, News, Cleantech, Wind Energy, Business, Climate Change, Solar Energy

4.6 • 1.3K Ratings

🗓️ 30 July 2015

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Pretty much everything bad that could happen to the coal industry is happening. Global coal demand is slumping; low natural gas prices and competitive renewables are shifting the energy mix in America; and a slew of regulations are causing plants to close at an unprecedented rate. Since 2012, more than 40 U.S. coal companies have filed for bankruptcy. And just this week, Peabody Energy, one of the largest coal firms in the world, reported $1 billion in quarterly losses. In this week’s show, we’ll talk with Taylor Kuykendall, a coal reporter with SNL, about all the factors contributing to coal’s demise. Then, we’ll discuss new grid rules in California that will allow companies to aggregate distributed resources and bid them into wholesale electricity markets. And we’ll end with a look at Hillary Clinton’s proposed plan to install 140 cumulative gigawatts of solar in America by 2020. This podcast is sponsored by ReneSola, a Tier 1 solar cell and module manufacturer with a decade of experience in the cleantech industry. The Energy Gang is produced by Greentechmedia.com. The show features weekly discussions between energy futurist Jigar Shah, energy policy expert Katherine Hamilton and Greentech Media Editor Stephen Lacey. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	The Energy Gang is brought to you by Rennesola America, a Tier 1 solar module producer and LED light manufacturer with a decade of experience in the clean tech industry.
0:10.0	Rennesola is your complete procurement provider of clean energy solutions.
0:14.9	The company has a proven track record of being a partner for project developers looking
0:18.8	to maximize their return on investments.
0:21.6	Call 415-852-74-21 to find your local representative or head
0:28.8	on over to their website at renasolar. US. at Renaissance
0:34.4	dot US. For the week of July 30th 2015 this is the energy gang from Green Tech Media.
0:49.0	Hey out there, welcome to the show. I am Stephen Lacey, a senior editor with Green Tech Media in Washington, D.C. as always. This week,
0:55.7	Make the Bad Man Stop. That is the title of a recent report on the financial
0:59.9	mess that public coal companies find themselves in, we will look at how messy things
1:04.7	are really getting for the coal industry.
1:07.3	Then new rules in California, allowing utilities to bundle distributed energy systems to sell
1:11.2	on the wholesale market have been crafted. We will discuss the
1:14.0	implications and we'll look at Hillary Clinton's ambitious new solar plan to round out the
1:18.1	show. Let me turn to two people you know very well, Catherine Hamilton and Jiggershaw, my co-hosts.
1:24.2	Catherine is a partner with 38 North Solutions here in DC.
1:28.3	How are you?
1:28.9	Fresh off a bunch of meetings off the train?
1:32.1	Yeah, well actually I flew this week up to Dedham Mass to do this
1:36.9	C3E Energy Ministerial Ambassador meeting with 25 women who were just amazing.
1:43.4	We always have a great time and just get a ton of stuff done,
1:47.0	so it was really fun.
	...

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