The cost of the raw material is low enough to make it a viable option for the time being. There are also costs associated with switching to renewable options, which makes the transition slower.
Think of it from the perspective of a coal plant owner. You’ve already spent millions into construction and maintenance, so you really want some return on that investment.
When the plant reaches its end of life, that’s usually the best time to start considering other options. If the running costs rise dramatically or you are required to modernize the plant, that could be another time to take a look at other options.
Asafum@feddit.nl 2 weeks ago
Energy density and entrenched profit structures are big ones for sure. :/