Digitalization of power plant management is posing serious challenges for many traditional utilities. More than half of the respondents of Contigo’s latest survey said they “are finding it hard to understand developments such as Blockchain, Cloud and Big Data” and do not have appropriate systems in place to meet the demands of a changing energy market place.
Alstom has confirmed it will exercise its option to exit the Joint Ventures with General Electric on renewable energy, grid and nuclear, created as part of the $10 billion deal that gave GE control of Alstom’s gas turbine operations. This decision requires GE to buy back Alstom’s stakes in the three JVs at an expense of 2.59 billion Euros ($3.1 billion).
Delivering solutions to help power producers stay competitive, GE Power Services has introduced its new 7F DLN2.6+ Flex upgrade solution at the annual 7F Users Group’s annual conference in Atlanta. The upgrade leverages GE’s DLN 2.6+ combustor and combining it with new Axial Fuel Staging (AFS) technology.
The world is not on track to meet the global energy targets for 2030 set as part of the Sustainable Development Goals, according to the International Energy Agency (IEA). “Real progress” is, however, being made on electrification in some of the least developed countries, and industrial energy efficiency while renewable energy is noted to make “impressive gains in the electricity sector.”
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.
ITM Power and Northern Gas Networks (NGN) have announced the outcome of a feasibility study, evaluating the potential of deployment and cost-effective operation of 50MW energy storage capacity within the boundaries of the NGN gas distribution network. Low Thornley in Gateshead is being recommended as the most suitable site for a power-to-gas demonstration plant in the size range 50-100MW.
Bonaire in the Caribbean and the Faroe Islands in the North Atlantic: these two self-sustaining islands are setting standards in integrating renewable energy sources, supported by MAN Diesel & Turbo gensets. On the Faroe Island, four MAN 9L51/60 four-stroke engines are being installed to expand the existing Sund power plant near the capital Tórshavn.
Come 2050, the International Energy Agency (IEA) expects that up to 32% of electricity generated will be variable, putting greater stress on reliability. In Ireland, Germany and the UK, wind and solar will exceed 25% of total generation already in the coming five years.
Challenged with the rising contribution of inherently intermittent wind and solar power supply, network operators are investing billions in stabilising their power grids. To anticipate supply/demand patterns and avoid overloaded grids, GreenCom Networks has developed an “Open-innovation Lab” with live data from end-customers. The system links electric cars, PV systems, heat pumps and other energy equipment in Germany and France.
Maritime Link, an ABB-built 500-megawatt power link between Canada and the US, has passed a key milestone in testing. The high-voltage direct current (HVDC) interconnector allows for renewable energy, generated in Newfoundland and Labrador to be transmitted to the North American grid in Nova Scotia.