Royal Dutch Shell is gearing up to become Germany’s leading provider of green hydrogen for industrial and transport clients. The British-Dutch oil major is planning to build 1,000 fast charging stations for electric vehicles at its petrol stations by 2030, and is looking to acquire green energy start-ups.
GenCell Energy, an Israel-based fuel cell manufacturer, has developed a cracker that extracts hydrogen from liquid ammonia to generate electricity by means of alkaline fuel cells. The technology is designed to replace diesel generators and produce green energy in remote, off-grid locations.
Mitsubishi has signed a full turnkey EPC contract to build a combined-cycle plant near Bangkok on behalf of Hin Kong, an independent power producer (IPP). The 1,400 MW plant will be powered by two M701JAC gas turbines that are slated for commissioning in March 2024 and January 2025.
Royal Dutch Shell’s margins on LNG sales are squeezed by low oil prices. Over 80% of the company’s term LNG sales are linked to oil with a 6-month price lag, dragging down margins in the third quarter. In consequence, Shell places greater emphasis on integrated power, biofuels and hydrogen.
Plans for debut trading in Hygo Energy at the US stock exchange NASDAQ have been shelved amid corruption allegations against the company’s CEO Eduardo Antonello. Hygo, a joint venture between Golar LNG and the U.S. private equity firm Stonepeak Infrastructure Partners, had plans to develop two LNG-to-Power projects in Brazil.
US oil major ExxonMobil and the engine maker INNIO have co-developed a new lubricant for Jenbacher Type 2, 3, 4, 6 and 9 gas engines. Performance of the new N Oil 40 has been confirmed by more than 160,000 hours of field data across multiple engine platforms in Germany, Russia and the UK.
Norway’s state energy group Statkraft has connected gas engine-driven power units, energy storage and renewables in Britain. The virtual power plant (VPP) has a capacity of nearly one Gigawatt (GW) and can react to fluctuating demand within seconds.
Turkish Karadeniz Energy Group has brought Indonesia’s first ever floating LNG-to-Power project into operation. The 125 MW Karpowership Zeynep Sultan burns regasified LNG, supplied via a floating storage regas unit (FSRU).
Philippines’ largest utility First Gen has received regulatory approval to build a floating LNG import unit to fuel 3.2 Gigawatt (GW) of power gen capacity near Batangas City. Construction will start in the fourth quarter, with the aim of receiving the first LNG cargo in the autumn of 2022.
Asia’s largest LNG exporters, Indonesia and Malaysia, are stepping up domestic LNG deliveries. A flurry of decentralised gas power plants are under development in Malaysia and across the Indonesian archipelago, looking for steady and attractively-priced LNG supply.
Shares in Siemens Energy have opened lower than anticipated on their first trading day in Frankfurt in what analysts called a “modest market debut.” Shares opened at 22.01 Euros apiece on Monday, giving the Siemens spin-off a market value of 16 billion Euros – less than the previously estimated 22 billion Euros.
Mitsubishi Power is expanding its boiler smart inspection offering, part of TOMONI digital solutions, to petroleum and chemical industries and power providers. With this move, the Japanese OEM seeks to tap new customer categories as it works to become an energy solution provider.