Bloomberg’s New Energy Outlook 2019 concludes that US coal and nuclear resources are expected to have “almost disappeared from the electricity mix” by 2050, largely as a result of “age and economics,” while renewables penetration reaches 43%. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The report drew mixed reactions Wednesday from power industry observers. “Many coal plants in the US are old and are thus not competitive economically,” Ethan Zindler, head of Americas for Bloomberg New Energy Finance, said Wednesday. “Same story for many nuclear plants, which are due to retire over the next several decades and are also in many cases not competitive.” The report, released Tuesday, states that “cheap renewable energy and batteries fundamentally reshape the electricity system,” and projected that solar will rise from supplying about […]