Lower natural gas prices in recent years have spurred the construction of new natural gas-fired power plants in the United States. Of the new U.S. natural gas capacity added since 2016, 31% use advanced natural gas-fired combined-cycle (ANGCC) units. Greater use of the new, larger ANGCC designs has led to efficiency gains and economies of scale, which have resulted in reduced capital construction costs. These lower costs are likely to substantially increase ANGCC’s share of new U.S. natural gas capacity additions in future years. Source: Today in Energy – More new natural gas combined-cycle power plants are using advanced designs
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Source: CTRM Center