National Grid has projected Britain’s de-rated power margin for winter 2017/18 projected will be 6.2 GW, or 10.3%, anticipating a net flow of electricity from Continental Europe to the UK at peak times. Considering the current price spread, the TSO also expects a net flow from the UK to Ireland, though this may be reversed in cases of high wind levels in Ireland.
Energy industry stakeholders have unanimously condemned U.S. President Trump’s latest market interference by directing the Department of Energy (DOE) to stop, what he calls, “impending retirements of fuel-secure power facilities.” Rebuking the move, several energy industry associates called the action “misguided” as it would be effectively subsidizing “failing coal and nuclear plants.”
Deployment of large-scale battery storage is rapidly increasing across the United States, but capital costs of energy storage systems vary greatly, dependent on the technology uses. Energy-oriented batteries systems, used for peakload shaving, are designed for longer durations and consequently have higher average costs per kilowatt and lower costs per kilowatthour. This type is mostly used in the California Independent System Operator (CAISO) area.
The hype about electric car is not really translating into sales. Hybrid electric, plug-in hybrid electric, and battery electric vehicles have been sold in the United States as alternatives to conventional gasoline vehicles for a number of years, but their market share from 2012 through 2017 remained below 4% of total light-duty vehicle sales, even as the number of available models increased from 58 to nearly a hundred.
Reacting to weakness in the power generation market, Siemens has decided to temporarily shut down its Power & Gas (PG) manufacturing sites around the world. Following intensive talks with trade unions, the German engineering conglomerate on Monday night also reached an agreement on restructuring measures for its PG and Process Industries and Drives Division (PD). “Cost reduction targets are being retained,” Siemens said in a statement today, adding “job cuts are unavoidable.”
Profit margins of UK’s gas-fired power plants keep improving, boosted by the closure of aging coal power plants and delays in the construction of new nuclear capacity. Consequentially, gas power plants are seen contribute more than half of the UK’s electricity needs in less than 10 years, up from 45% in the previous years, according to Fitch Group affiliate BMI Research.
Beginning June 1, New England will become the first US grid operator to fully integrate demand-response (DR) resources into its daily energy dispatch and reserve processes. The ISO estimates that about 408 MW of DR will be available which will participate in real time in the energy markets. Pay-for-performance incentives will be in effect starting June 1. With this instrument, the ISO is confident to meet peak summer demand.
Federal financial interventions and subsidies in U.S. energy markets have been in a steep decline over the past five years. According to the U.S. Energy Information Administration (EIA), federal monies spent in energy markets nearly halved in the period 2013-16, falling from $29.3 billion in the 2013 fiscal year to $15.0 billion in FY2016.
April 30 – Global energy saving policies and rising efficiency of power distribution is expected to lead to a growth rate of 9.34% in the global market for smart meters. According to MarketsandMarkets, this segment will grow from an around $12.79 billion in 2017 to reach an estimate $19.98 billion by 2022.
April 26 –The micro turbines market is expected to grow from $159.7 million in 2017 to an estimated $251 million by 2022, at an annual growth rate of 9.46%. Main growth drives, according to MarketsandMarkets are adoption of combined heat and power (CHP) amid rising demand for clean energy worldwide. The 50–250 kW micro turbines, in particular, were highly sought-after in the past few years. Capstone Turbine, Ansaldo, and FlexEnergy are the major providers of these turbines.