To protect long-term shareholder value in an evolving market, J-POWER needs to prioritise increasing the flexibility of domestic coal plants.
Executive Summary
Introduction
Repurposing coal plants for flexibility has been a widespread and successful strategy amongst coal-powered nations since the earliest days of the energy transition. As more renewable energy enters the grid, particularly solar energy, flexibility mitigates the financial risks of a coal plant generating power during low-price periods and contributes to grid reliability in high-demand periods. The International Energy Agency (IEA) also identifies the flexible usage of repurposed coal plants as the single largest decarbonisation lever under the Announced…
