{"id":59488,"date":"2022-03-03T05:38:59","date_gmt":"2022-03-02T19:08:59","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=59488"},"modified":"2022-03-03T05:38:59","modified_gmt":"2022-03-02T19:08:59","slug":"peabody-solar-power-mb2378","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/peabody-solar-power-mb2378\/","title":{"rendered":"US Coal Giant Peabody Energy Sees The Light. Sort Of."},"content":{"rendered":"

\"Peabody<\/p>\n

While not exactly a road to Damascus moment, Peabody Energy’s foray into solar power after removing some of the coal dust crusting its eyes is an encouraging sign.<\/p>\n

Peabody is pretty big – apparently it’s the largest private-sector coal company in the world. According to Statista<\/a>, Peabody Energy sold approximately 132.6 million tons of coal in 2020 – but that was well down on a peak (since 2006) of 251.7 million tons in 2013.<\/p>\n

The company supplies coal to more than 25 countries on six continents, and digs up the problematic black rock from a bunch of mines in the USA and Australia1<\/a><\/sup>.<\/p>\n

The company’s relationship with the truth about coal’s future in a carbon-constrained world is interesting, but it has evolved. Still, don’t risk reading its Statement On Climate Change<\/a> with a mouthful of coffee as it will likely wind up all over the screen of whatever device you’re using to view it.<\/p>\n

But the times, they are a-changin’. Peabody has figured out there might be something to this solar power gig all the cool kids are talking about.<\/p>\n

R3 Renewables Launched<\/h2>\n

Yesterday the company announced it would be getting into the solar energy game, and not just with a token bunch of solar panels slapped on the rooftop of one of its offices somewhere.<\/p>\n

The company says it has launched R3 Renewables LLC in a joint venture with Riverstone Credit Partners and Summit Partners Credit Advisors. According to Peabody, R3 Renewables is looking to develop 3.3 GW of solar PV and 1.6 GW of battery storage capacity over the next five years.<\/p>\n

President and CEO of Peabody Jim Grech commented<\/a> :<\/span><\/p>\n

“We are pleased to announce this new joint venture as part of Peabody’s commitment to be the coal producer of choice, creating additional value from our existing assets, supporting our own and our customers’ ESG ambitions and providing added economic benefits for the communities in which we work and live.”<\/p><\/blockquote>\n

Initially the new company will be looking at developing six potential sites on or near previous coal mining operations in Indiana<\/span> and Illinois<\/span>; sites that could support the largest solar and battery storage projects in both states.<\/p>\n

There’s already a web site<\/a> for the new company, so if you were thinking of being a scamp and registering the domain name to do something mischievous with it, you’re out of luck.<\/p>\n

So, what’s the R3 in R3 Renewables stand for? The company’s slogan is “reclaim | reimagine | repower”. The blurb about Peabody on the site states (again, swallow that coffee first)<\/span>:<\/p>\n

“Our commitment to sustainability underpins everything we do and shapes our strategy for the future.”<\/p><\/blockquote>\n

Regardless of this commitment, an exit from coal doesn’t appear to be on the cards for Peabody Energy anytime soon. But it’s a start and quite a change from Peabody’s “Advanced Energy For Life” days<\/a>, which involved a rather short-lived pro-coal web site.<\/p>\n","protected":false},"excerpt":{"rendered":"

While not exactly a road to Damascus moment, Peabody Energy’s foray into solar power after removing some of the coal dust crusting its eyes is an encouraging sign.<\/p>\n","protected":false},"author":17,"featured_media":59489,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-59488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nUS Coal Giant Peabody Energy Sees The Light. Sort Of.<\/title>\n<meta name=\"description\" content=\"Peabody Energy's foray into solar power after removing some of the coal dust crusting its eyes is an encouraging sign.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/peabody-solar-power-mb2378\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Coal Giant Peabody Energy Sees The Light. 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An upcoming ad campaign from Coal21 reportedly has this goal in mind and to make coal great again. While solar energy is hugely popular in Australia, coal mining and coal power have a well-deserved image problem due to the\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Australian coal ad campaign","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/coal-ad-campaign.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/coal-ad-campaign.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/coal-ad-campaign.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/coal-ad-campaign.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/coal-ad-campaign.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":16300,"url":"https:\/\/www.solarquotes.com.au\/blog\/st-louis-renewable-energy-mb0279\/","url_meta":{"origin":59488,"position":2},"title":"100% Renewables For The City Of St. Louis","author":"Michael Bloch","date":"October 31, 2017","format":false,"excerpt":"From coal town to clean energy town - the city of St. Louis in Missouri will soon undergo a major energy transition. The City of St. Louis has among the highest rates of adolescent asthma rates in the USA and childhood asthma is the leading cause of hospital emergency room\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"St Louis, Missouri - Renewable Energy","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/st-louis-renewable-energy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/st-louis-renewable-energy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/st-louis-renewable-energy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/st-louis-renewable-energy.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":46576,"url":"https:\/\/www.solarquotes.com.au\/blog\/florida-coal-fpl-mb1841\/","url_meta":{"origin":59488,"position":3},"title":"End Of An Era For FPL Coal Power In Florida","author":"Michael Bloch","date":"January 15, 2021","format":false,"excerpt":"The USA's largest electricity gentailer, Florida Power & Light, has closed down its last coal fired power station in the state. FPL announced yesterday the Indiantown Cogeneration Plant was closed for good on January 1. FPL purchased the plant back in 2017 with the express intention of shutting it down.\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Coal power in Florida","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/coal-power-florida.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/coal-power-florida.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/coal-power-florida.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/coal-power-florida.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/coal-power-florida.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":16871,"url":"https:\/\/www.solarquotes.com.au\/blog\/australia-coal-alliance-hg0460\/","url_meta":{"origin":59488,"position":4},"title":"Australia Shuns Powering Past Coal Alliance","author":"Michael Bloch","date":"November 17, 2017","format":false,"excerpt":"20 countries have joined the Powering Past Coal Alliance launched earlier today at the COP23 talks in Germany. Australia isn't one of them.\u00a0 Countries in the Alliance's ranks so far include Canada, New Zealand, the UK, France and the Netherlands. Alliance members pledge to take action to rapidly phase-out traditional\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Australia and coal","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/powering-past-coal.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/powering-past-coal.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/powering-past-coal.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/powering-past-coal.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":58887,"url":"https:\/\/www.solarquotes.com.au\/blog\/duke-energy-coal-2354\/","url_meta":{"origin":59488,"position":5},"title":"Another Major US Energy Company Ditching Coal Power Early","author":"Michael Bloch","date":"February 14, 2022","format":false,"excerpt":"Continuing a trend in the USA, Duke Energy announced last week it plans to accelerate its exit from coal power. North Carolina headquartered Duke Energy's electricity utilities serve 7.9 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky; and collectively own 51GW of electricity generation capacity. The\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Duke Energy coal power","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/duke-energy-coal.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/duke-energy-coal.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/duke-energy-coal.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/duke-energy-coal.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/duke-energy-coal.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/59488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=59488"}],"version-history":[{"count":8,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/59488\/revisions"}],"predecessor-version":[{"id":59497,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/59488\/revisions\/59497"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/59489"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=59488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=59488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=59488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}