Green energy company EI-H2 has appointed Worley to develop the concept design for Ireland’s first green hydrogen production facility. To be built at a cost of €120 million, the 50 MW plant in County Cork will supply over 20 tonnes of green hydrogen per day for industrial use and power generation, once operational in 2023.
Lowest levelized cost of energy (LCOE), a widely-used metric to compare the profitability of power sources, is “not the right approach” for hybrid units. “A paradigm shift is underway,” the U.S. National Renewable Energy Laboratory (NREL) says, arguing hybrid plants with energy storage need to be rewarded for flexibility and grid ancillary services.
Australian LNG producers strive to lower their high carbon footprint as buyers announce Net Zero targets. However, most cargoes from Down Under incur more than the world’s average 0.56 ton of CO2e per ton of LNG produced. Carbon offsets an option, as are retrofitting liquefaction plants with CCS and replacing gas gensets with renewables and batteries.
GE gas turbine technology will power Australia’s first natural gas and hydrogen-fired power unit at the Tallawarra B station in New South Wales. The 316 MW Tallawarra B unit, driven by a 9F.05 gas turbine, helps to stabilize the grid in the face of the closure of the 1,680 MW Liddell coal power plant in 2023.
Natural gas spot price at the US bellwether Henry Hub keeps rising amid growing LNG exports and higher gas industrial consumption. Analysts expect spot prices to reach $2.92 per MMBtu in the third quarter, up from $2.66/MMBtu in April, prompting a fuel switch to thermal coal for power generation.
The German economy ministry has dedicated €900 million for a hydrogen auction platform, set up by Siemens Energy, Linde, Nordex and ThyssenKrupp. Green hydrogen or derivatives will be bought abroad through the H2Global Foundation, and resold to industry via annual auctions starting from 2024.
Brill Power, a spin-out of Oxford University, has had its new lithium-ion battery management technology verified by the classification society DNV. Simulations and testing at DNV’s laboratory in Arnhem, the Netherlands, confirmed a higher utilized pack capacity that could reduce lifetime cost.
Finnish utility Vantaa Energy has engaged Wärtsilä to pre-engineer and develop a Power-to-Gas (P2G) plant. Due commissioned in early 2025, it would be the first P2G plant in Finland to produce carbon-neutral, synthetic methane on a commercial scale with a fuel capacity of 10 MW.
Norwegian transmission system operator Lyse Elnett has contracted Siemens Energy to build new substations and modernise existing ones in the Sør-Rogaland region. Under an 8-year framework agreement, worth up to €200 million, the TSO will eliminate fluorinated gases in their substations by adopting Siemens’ clean air insulated switchgear.
Power generation in Nigeria dropped to 3,059 MW on May 28 and stayed below 4,000 MW for the following seven days, 6% below average production. Low pressure on the Escravos-Lagos Pipeline System (ELPS) had left several gas turbine power plants with insufficient fuel, leading to widespread blackouts that “could have been avoided,” Wärtsilä claims.
Commissioning is underway for Nord Stream 2 and once the pipeline starts up in late August, or early September, cheap Russian gas supply will likely reduce US LNG exports to Europe. These days, the arbitrage between the United States and Europe is still “very healthy” at $6/MMBtu, analysts noted, hence 36% of US LNG cargoes were headed to Europe through mid-May.
Transporting electricity to the UK costs dearly, particularly on the Nemo Link from Belgium where the May 2021 auction resulted in a price of €19.42/MWh – the most expensive in Europe. Researchers at the market data platform EnAppSys explained the high export price with “regulatory differences” between the GB electricity market and its EU neighbours.