Out of 2 TW_e of coal power plant capacity in operation globally today, more than half is less than 14 years old. Climate policy related to limiting CO₂-emissions makes the longer-term operation of these plants untenable. In this study, we assess the spectrum of available options for the future of both equipment and jobs in the coal power sector by assessing the full scope of “retrofit decarbonization” options. Retrofit decarbonization is an umbrella term that includes adding carbon capture, fuel conversion, and the replacement of coal boilers with new low-carbon energy sources, in each case re-using as much of the existing equipment as economically practicable while reducing or eliminating emissions. This article explores this idea using the Polish coal power fleet as a case study. Retrofit decarbonization in Poland was shown to be most attractive using high-temperature small modular nuclear reactors (SMRs) to replace coal boilers, which can lower upfront capital costs by ~28–35% and levelized cost of electricity by 9–28% compared to a greenfield installation. If retrofit decarbonization is implemented globally by the late 2020s, up to 200 billion tons of otherwise-committed CO₂-emissions could be avoided.

The near and mid-term future of the existing Polish coal-fired power fleet is uncertain. The longer-term operation of unabated coal power is incompatible with climate policy and is economically challenging because of the increasing price of CO₂ emission allowances in the EU. The results of the techno-economic analysis presented in this paper indicate that the retrofit of existing coal-fired units, by means of replacing coal-fired boilers with small modular reactors, may be an interesting option for the Polish energy sector. It has been shown that the retrofit can reduce the costs in relation to greenfield investments by as much as 35%. This analysis focuses on the repowering of a 460 MW supercritical coal-fired unit based on the Łagisza power plant design with high temperature small modular nuclear reactors based on the 320 MW_th unit design by Kairos Power. The technical analyses did not show any major difficulties in integrating. The economic analyses show that the proposed retrofits can be economically justified, and, in this respect, they are more advantageous than greenfield investments. For the base economic scenario, the difference in NPV (Net Present Value) is more favorable for the retrofit by 556.9 M€ and the discounted payback period for this pathway is 10 years.