Engie, Siemens, Centrax, Arttic, German Aerospace Center (DLR) have started field trials on the world's first industrial-scale power-to-X-to-power demonstrator as part of the HYFLEXPOWER project. The aim is to produce, store and use renewable hydrogen to fire a Siemens SGT-400 industrial gas turbine, installed at cogeneration plant operated by paper factory in France.
Climate policy linked to the European Green Deal and the digital transformation will be “at the centre” of the German EU Council presidency in the second half of 2020, Chancellor Merkel told parliament. “Recovery after the crisis must be a ‘green recovery,’” a strategy paper by the foreign office reads.
PT Pertamina, better known as Persero, has contracted Siemens to supply a range of compression and power generation equipment for the Balikpapan refinery, situated on Indonesian island of Borneo. The refinery will have a residual fluid catalytic cracker with a capacity of 90,000 barrels per stream per day (bpsd).
Golar’s 1.5 GW Sergipe power project in Brazil has received Commercial Operation Date (COD) acceptance which triggers the start of earnings under a 25-year PPA and the associated charter for FSRU Golar Nanook. Combined pre-inflation revenue could amount to over $1.8 billion.
The German energy industry is cutting back on investment planned for this year and 2021. Though policy makers said the industry would become a main pillar of a sustainable recovery, the industry association BDEW forecasts 2020 Capex will be way below the €15.5 billion spent in 2018.
In Italy, GE has completed the installation of a new rotor and a compressor on a 9F.03 gas turbine at Tirreno Power’s 1,200 MW Torrevaldaliga Sud Power Plant near Rome. The modernization project started in late February and works were finished on time and safe amidst the pandemic.
The UK gas system is out of balance as resilient domestic production, Norwegian pipeline gas and LNG are overwhelming the market. With demand staying “weak” and storages filling fast, Wood Mackenzie suggests capping LNG imports at 2 billion cm/month through the summer.
Siemens Gas and Power will supply three cryogenic boil-off gas compressor trains for the Golden Pass LNG export terminal at Sabine Pass, Texas. The contract was awarded by McDermott, Chiyoda and Zachry Group – the EPC contractors who are building the liquefaction plant on behalf of Qatar Petroleum and ExxonMobil.
Baltic Pipe, connecting the Polish gas grid with Norway, has secured construction permits through Sweden’s territorial waters - the final permits required before works can begin. The pipeline will have nearly 1 billion cubic feet per day (Bcf/d) of capacity and is due on stream by October 2022.
Investment in energy infrastructure is being slashed by one-fifth, or almost $400 billion, in 2020 due to lower energy demand and prices caused by the Covid-19 pandemic, the International Energy Agency (IEA) finds. Tracking of company announcements and investment-related policies before the crisis had suggested energy spent could grow by 2% worldwide.
The spin-off of Siemens Energy will go ahead in September, whereby shareholders will automatically receive one share of Siemens Energy for every two shares of Siemens AG. In the following 12 to 18 months, Siemens AG intends to further reduce its stake in Siemens Energy by a “significant” amount.
Rolls-Royce and Daimler Truck plan to cooperate on stationary fuel-cell generators for data centers, hospitals and other safety-critical infrastructure. These fuel-cell gensets will offer emission-free alternatives to diesel generators, currently used as emergency units to cover peak loads.