A former coal-fired power plant in New Jersey was imploded Friday, and its owners announced plans for a new $1 billion venture on the site, where batteries will be deployed to store power from clean energy sources including wind and solar.
Coal plants will account for 85 percent of power capacity being retired in the U.S. this year, consistent with a long-term downward trend in coal burning, while U.S. oil output is expected to increase in 2022 and hit a new high in 2023.
