On Friday, the 21st of June 2019, the American multinational conglomerate engaged in energy and healthcare, General Electric, headquartered in Boston, Massachusetts, said that the company had been working out a plan to shut down one of its largest power plants in California as early as this year after capitalizing one-third of its usual life-span, adding that the natural gas-based power plant had no longer been economically viable in a state where solar and wind had been growing stubbornly as an inexpensive source of electricity.
In fact, the Boston-based energy conglomerate’s 750-megawatt natural-gas-fueled electricity plant, known as Inland Empire Energy Center had been using two H-Class turbines installed in the last decade, while the H-Class turbines usually last for about three decades before annihilation.
Concomitantly, following the reveal of scrapping GE’s CA power plant, analysts had been quoted saying that the closure orchestrated a steep competition over the US energy market, where much-cheaper wind and solar had been squeezing fossil fuel-powered plants.
Besides, a number of utility providers said after GE’s announcement that they had no plans to build more fossil-fuel powered energy plants. Followed by Friday’s (June 21st) announcement, adding that the plant had botched to bear with threats of cheaper alternative energy sources, a General Electric spokeswoman said to the press, “We have made the decision to shut down operation of the Inland Empire Power Plant, which has been operating below capacity for several years, effective at the end of 2019. The plant “is powered by a legacy gas turbine technology ... and is uneconomical to support further”.