Utilities are slow. And not so bright. They are using old technology that hasn't changed for decades, has reached its peak, and doesn't advance. Utilities are conservative.
If something new comes out and is better, it's going to take them a decade to even realize what's happening. Then it's going to take decades for the old multi-decade existing equipment to age out.
And if the technology is cheaper, there's a very good chance that utilities will heavily resist providing cheaper electricity because in many markets they are regulated monopolies, with a fixed rate of profit. Cheaper energy prices mean less profit.
In reality, solar is cheaper energy today. Providing 99% of our energy by solar, wind, geothermal, and storage is cheaper than our current energy mix in California:
https://energycentral.com/c/cp/our-path-247-renewable-energy...
And nationwide in the US, it's cheaper to shut down a paid-for coal plant and replace it with solar than to continue buying fuel:
https://insideclimatenews.org/news/30012023/wind-solar-coal-...
And year after year, solar, wind, and storage get cheaper, and we have not yet reached the inflection point of the logistic curve yet. The genera form of Moore's law is Wright's law, and it applies to renewable energies, and is no longer in effect for fossil fuel tech.