Norwegian oil and gas company Equinor has stepped up its hydrogen production target in the UK to 1.8 GW, following a visit of Britain’s Energy Secretary Kwasi Kwarteng to Oslo. The aim is to add 1.2 GW capacity to fuel Keadby Hydrogen, the world’s first 100% hydrogen-fired power plant under development together with SSE.
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.
Mitsubishi Heavy Industries (MHI) has decided to absorb the business of Mitsubishi Power effective October 1, 2021. Some aspects of the integration are already underway, as the Japanese manufacturer strives to promote the use of carbon-free fuels like hydrogen and ammonia at various demonstration plants around the world.
Washington State’s largest utility, Puget Sound Energy (PSE), has signed a joint development agreement with Mitsubishi Power Americas to implement large-scale hydrogen generation and hydrogen-fired turbines, renewables and battery energy storage into PSE’s service territory. The aim is for PSE to become a “Beyond Net Zero Carbon” energy company by 2045.
Finland’s transmission system operator Fingrid has contracted Siemens Energy to deploy ten bays of sulfur hexafluoride (SF6)-free gas-insulated switchgear (GIS) at a substation near Helsinki. The novel system will replace the potent greenhouse gas SF6 with „clean air”, a mixture of nitrogen and oxygen. Commissioning is scheduled for summer 2022.
Carbon emission prices in the US Regional Greenhouse Gas Initiative (RGGI) have soared to unprecedented highs due to more stringent emission rules and fears that US President Biden will enact a fracking ban. In the latest RGGI quarterly auction, held on March 3, the clearing price hit $7.60 per ton of CO2.