Energy capacity cost of utility-scale battery storage in the United States has rapidly decreased from $2,152 per kilowatthour (kWh) on average in 2015 to below $625/kWh in 2018, falling further since. Long-duration batteries are less expensive, and costs vary greatly by region, coming in at just $947/kWh in Hawaii.
Marubeni has started trial runs on ammonia co-firing, making use of stored hydrogen at low cost. The Marubeni-led technical study – running through to the end for February 2021 – entails a series of trials for direct usage of ammonia as a fuel in JERA’s thermal power plants.
Mitsubishi Power has received an order to supply the first Solid Oxide Fuel Cell (SOFC) in Europe. The hybrid system will be put into operation at the Gas- und Wärme-Institut Essen (GWI) in Essen by March 2022 to research the use of hydrogen as a fuel gas.
Developers of LNG-to-Power projects are advised to secure flexible gas delivery terms through an aggregator before the market flips again and demand outstrips supply. According to Watson Farley & Williams, this is likely to happen by 2022 or 2023 as current Capex cuts delay new liquefaction projects.
US oil major ExxonMobil has agreed with Japan’s largest LNG importer JERA to evaluate the joint development of regas facilities and gas-fired power plants. The aim is to build an integrated LNG-to-Power project in the port city of Hai Phong in northern Vietnam.
Spanish utility Naturgy has extended its LNG supply to the Puerto Rico Electric Power Authority (PREPA) until 2032. The contract covers annual supplies of 2 Bcm and could reach 3 Bcm, depending on the country's gas needs for power generation. The price is indexed to Henry Hub.
GE shares surged more than 9% today in early trading after the US manufacturer posted a surprise rise in third-quarter profit and free cash flow. “Our transformation of GE is accelerating,” CEO Larry Culp said, as industrial free cash flow for the quarter was a positive $514 million.
Singapore has awarded a grant to an Envison-led consortium to pilot lithium-ion battery energy storage on a ‘floating living lab’, using seawater for cooling. The 7.5 MW/7.5MWh storage is part of a $10 million partnership between the Energy Market Authority (EMA) and Keppel O&M.
Maxim Power has turned to GE to help convert its Milner II coal-fired power plant to run on natural gas. GE re-powered the plant with one of its 7F.05 gas turbines, turning Milner II into the largest open-cycle gas power unit in the Canadian province of Alberta.
Sunseap Energy Ventures has contracted Wärtsilä to supply energy storage as a test-bed, supported by Singapore’s Energy Market Authority (EMA) and SP Group. The 2.4 MW/2.4 MWh system will be the first utility-scale energy storage installed in the Asian city state.
The Japanese Prime Minister Yoshihide Suga has pledged to reduce the country’s emissions to net-zero by 2050. Power generators, car makers and steel mills will have to comply with stricter emission limits, but critics say Japan will not become carbon neutral without phasing out all coal power units.
Houston-based Eagle LNG will supply a full turn-key solution to the Barbuda Ocean Club, including a regas and storage unit, to allow the holiday resort switch to gas-fired power generation. The fuel switch will save the club millions of dollars in fuel relative to its existing petroleum-based power unit.