The US Federal Energy Regulatory Commission (FERC) has approved the PennEast pipeline in a 4-1 vote, acknowledging the clear need for more gas transport infrastructure along the East Coast. The $1 billion PennEast interstate pipeline will bring up to 1 billion cubic feet of daily low-cost Marcellus gas to customers in southeast Pennsylvania and New Jersey.
China's proposed dual-credit scheme can reshape the electric vehicles (EV) market for a more sustainable development beyond the abolishment of subsidies in 2020, according to Wood Mackenzie. As growth accelerates, the EV penetration rate is projected to hit 17% in 2035.
Darshan Hiranandani, the head of H-Energy, has forged a joint venture with the Japanese shipping company Kawasaki Kisen Kaisha, known as K-Line, striving to import LNG for power generation and industry customers in the Indian state of West Bengal and neighbouring Bangladesh. To that end, an FSRU is meant to be deployed in the offshore Digha region – the first facility on India’s East Coast.
GE’s Power Services has signed a $330 million deal with a consortium of Macquarie Capital and Techint to deliver a multi-year plant services solution for the 907MW Norte III combined-cycle gas power plant in the state of Chihuahua, Mexico.
Mexico, the largest offtaker of US pipeline gas and LNG importer from Peru, Nigeria and the US, is getting ready to launch an online gas trading platform by the summer of this year, at the latest. The Federal Electricity Commission (CFE), Mexico’s state-owned grid operator, also plans to set up several gas pricing points. “We'll have Henry Hub, too, as that's what we now have,” said Javier Gutierrez Becerril, director of operations at CFE Energy.
Precisely geared to the tasks of users in the control room of a power station, Siemens’ latest instrumentation and control systems SPPA-T3000 Cue is proving a “risk-free means” for operators around the world to cut costs and reduce plant downtime.Customers embrace the new system, so SPPA-T3000 was already sold to a three-digit number of power station operators within just a few months after the launch.
Co-operating on data center projects, Wärtsilä and Schneider Electric have partnered to join up their individual products and services, along with those of third parties. The co-operation focuses on hyperscale data center projects with at least a 10-MW electrical load.
Speed and scope of implementing both grid and off-grid solutions is not fast enough to allow the world’s state leaders reach their common goal of reaching universal electricity access by 2030. To not miss their target, countries need to find innovative ways of integrating decentralized power sources, renewables and scale up demand-side management. Staying optimistic, the International Energy Agency (IEA) deems global electrification by 2030 to be “within reach.”
“Green chemistry” is what Evonik and Siemens are envisaging by using electricity from renewable sources and bacteria to convert carbon dioxide into specialty chemicals. Based on €2.8 million funding from Germany's Federal Ministry of Education and Research (BMBF), the two companies just launched a 2-year research project, called ‘Rheticus’, on electrolysis and fermentation processes.
Low-cost of natural gas has allowed it to stay the dominant source of power generation in the United States for the second year in a row. The US Energy Information Administration (EIA) estimates that gas-fired power plants covered an average of 32% of total U.S. electricity needs in 2017, compared with 30% from coal power plants.
Moody's Investors Service maintains its stable outlook for the power sector in India over the next 12-18 months. The Indian government's debt restructuring of financially weak distribution utilities, under the Ujwal Discom Assurance Yojana (UDAY), is expected to “gradually improve the financial conditions of state-owned distribution companies,” alleviating off-taker risk.
Dominion Voltage Inc. (DVI), a subsidiary of Dominion Energy and leader in Volt/VAR optimization "VVO" solutions, will work with energy companies in Ontario, Canada, to help avoid energy losses in power distribution systems in line with the government's Long-Term Energy Plan. Navigant estimates the inclusion of front of the meter conservation (IFMC) will reduce annual power demand by 185-MW and save up to 1,130 gigawatt hours (GWh), once implemented.
New York mayor Bill de Blasio on January 10, 2018, announced a lawsuit against ExxonMobil, Shell, Chevron, BP and ConocoPhillips, claiming the companies intentionally misled the public about the effects of climate change in order to protect their profits. Together with comptroller Scott Stringer, de Blasio submitted a resolution instructing the city's five pension funds to explore ways to divest their fossil fuel holdings. Between them, the funds hold $5 billion worth of securities in over 190 fossil fuel-related companies.
Diversifying electricity sources, Oman Power and Water Procurement Company (OPWP) has floated a tender in search for a consultant to carry out a feasibility study for the country’s first waste-to-energy project. Capacity of the plant and capital expenditure will be specified later.
Oklahoma Gas and Electric (OG&E) has filed to the state’s public utilities commission for permission to increase rates, seeking to recover its $390 million investment in the Mustang Energy Center. The 462-MW peaking power plant is the first gas-fired generator that OG&E has built in more than 30 years.