The Growing Business of Asset Recovery From Retiring Power Plants


Power plants aren’t exactly known for being the greenest industry, but they can offer a new path toward sustainability when they reach the end of their life. As these sites shut down, a significant opportunity for reuse emerges for eco-conscious consumers. Metals, transformers, turbines, cables, switchgear, concrete and even specialized equipment that once kept the lights on, still hold real value, even as the facility itself closes.

More operators worldwide are treating decommissioning as a complete recovery mission. It’s one that extends beyond safely removing hazardous materials, dismantling equipment and structures, and cleaning up the site. These valuable components are also ready to find new life, perhaps in your own projects.

The Real Value Beneath the Surface

A retiring coal plant contains tens of thousands of tons of recyclable steel and copper, which are found in pumps, pipes and other equipment collectively representing millions of dollars in potential resale value. For instance, during the decommissioning of the MH-1A STURGIS Barge — a floating nuclear power station — about 5,000 tons of steel were successfully recycled. 

Beyond the more familiar steel and copper, many power plants also contain rare earth elements and specialty metals, such as nickel, cobalt and lithium, especially in stations equipped with advanced machinery or battery storage systems. Valuable metals like gold, silver and palladium are also embedded in control systems, sensors and electronic panels.

Even concrete, often overlooked, can be recycled at remarkably high rates. Crushed concrete serves as aggregate for new construction projects, road bases or landscaping, while the steel reinforcement bars embedded within it can be separated and recycled.

Selling equipment helps retrieve initial capital which can then be reinvested in future projects. At the same time, recycling what remains reduces waste otherwise destined for landfills. While you may not be pushing a shopping cart to buy tons of steel or special metals from a retiring plant, some auction sites become the destination for smaller equipment. If you’re a small-business owner, you may even find affordable, high-quality parts you can repurpose, resell or use directly in your work. 

Some specialized resellers offer architectural or industrial salvage and reclaimed materials, where you can walk in and buy a single gear, a cool-looking valve or even a section of steel I-beam for a project.

Asset Recovery Around the Globe

Data from the International Atomic Energy Agency shows there are currently over 420 nuclear power reactors operating worldwide. However, up to half of this fleet may be permanently shut down by 2050. This growing wave of closures underscores the urgent need for sustainable management strategies to handle these assets and explore ways to give them new life.

EU Member States

Across the EU, countries adhere to directives intended to encourage standardized methods for resource recovery and waste management. Germany has embraced circular economy principles in power plant decommissioning, focusing on maximizing recycling and reuse whenever possible.

This approach is evident in several coal facility retirements, where comprehensive resource reclamation plans have led to impressive recovery rates of steel and concrete — either reused on-site or sold to other sectors. This is especially significant given that steel manufacturing accounts for 7.2% of global industrial energy-related emissions.

U.S. Support

In the U.S., the Department of Energy actively supports asset recovery and redevelopment efforts for retired coal plants. It has committed billions of dollars in loan guarantees through the Energy Infrastructure Reinvestment (EIR) program to help repurpose legacy energy assets. This initiative complements existing tax credits and infrastructure funding aimed at projects such as building retrofits, creating a broader push toward sustainable redevelopment.

Asian Efforts

In countries, like Japan and South Korea, where space and natural resources are limited, recycling assets from retiring power plants has become a strategic priority. Japanese companies frequently refurbish turbines and switchgear, exporting them to Southeast Asia to support the region’s growing renewable energy projects. 

Meanwhile, South Korea’s emphasis on battery storage technologies has driven urban mining efforts to recover lithium, cobalt and other critical minerals from equipment integrated with energy storage systems. 

Circular Economy in Action

There is a thriving marketplace built around the end of a plant’s life, from the building itself to the components inside it. The construction industry generates roughly 600 million tons of debris each year, and these sites can reduce that amount by being repurposed rather than torn down. Once cleanup is complete, a phased-out energy station can be transformed into something entirely different — a museum, a mixed-use development with restaurants and shops or even an urban park you might one day visit.

This kind of transformation is already happening. Turbine halls have been converted into event spaces, data centers and manufacturing floors. Cooling towers have evolved into urban art installations. Existing buildings have been repurposed as research facilities or community hubs, while the electrical infrastructure can support microgrid or renewable energy projects.

The components themselves also hold significant value. Turbines and generators can be refurbished for industrial stations, smaller utilities or overseas markets. If you run a microgrid, you can purchase transformers and switchgear from these retiring plants. Pumps, valves, compressors and motors are resold to manufacturing plants or water treatment sites. Even spare parts find new buyers among facilities that still rely on older equipment.

Turning Retirement Into Renewal

When power plants are retired thoughtfully, it can leave behind worth rather than waste. Site repurposing and asset recovery ease the pressure on landfills and contribute to the growing movement toward more sustainable buildings — even when the structures themselves once housed far from environmentally friendly facilities. 

As a sustainability-minded consumer, you help keep this circular marketplace alive by choosing products made from reclaimed materials or supporting businesses doing the same. This shift marks a genuine turning point, helping create a landscape with less waste, more renewal and a stronger foundation for the future.



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Ellie Gabel biofriendlyplanet.com