German multinational Siemens the US firm Chromalloy Gas Turbine Corp. will be offering 350 new jobs at a manufacturing plant in Hillsborough county, Florida, Gov. Rick Scott announced. The advanced airfoil JV, set up in May this year, will create turbine blades and vane cast components for use in power generation in the United States. Production is due to start by the end of 2018.
The Finnish energy group Fortum, a shareholder in the Russian regional power company TGC-1, has entered negotiations with Gazprom about a possible closer cooperation in the power sector.
Growth in renewable power generation is forecast to be twice as large as that of natural gas and coal combined. According to projections by the International Energy Agency (IEA), the share of renewables in power generation will rise from 24% last year to exceed 30% by 2022.
Central Térmica Pilar plant is the first of two 100 MW multi-fuel power plants built by Wärtsilä that are coming online this year. Since its inauguration on 31 August, Pampa Energía was able to flawlessly operate the plant, using the entire electricity output for the Pilar Industrial Complex near Buenos Aires.
Rising exports of “abundant US natural gas” is estimated to support up to 452,000 new jobs and give a $73 billion boost to the economy by 2040 – at a “minimal impact on the natural gas prices,” according to a study by the American Petroleum Institute (API). The resource base is now seen as “larger, less expensive and more price responsive,“ API Chief Strategy Officer Marty Durbin commented.
CEOs of the three gas liquefaction and export facilities near Gladstone in Queensland, Australia, have struck a deal with Prime Minister Malcolm Turnbull, promising to fill the expected shortfall and address any additional needs by offering gas on “secure and affordable” to domestic customers.
Finland’s technology group Wärtsilä has reached an agreement to acquire Puregas Solutions for €29 million. The Swedish provider of turnkey biogas upgrading solutions utilises a CApure process to convert raw biogas to biomethane and renewable natural gas.
Siemens has received an order from Pakistan for a power island for the Jhang combined-cycle gas power plant. The LNG-operated plant is being built 250 kilometers southwest of Lahore and will provide a power generating capacity of 1.3 gigawatts.
Ineos Group, the operator of Scotland’s Grangemouth oil refinery, has condemned a decision to ban shale extraction in Scotland saying the government “turned its back on a potential manufacturing and jobs renaissance.” Operations director Tom Pickering warned Scottland will miss out on an estimated 3,100 jobs – and “it will be England that reaps the benefits.”
Integrating North America’s abundant shale gas resources into global markets keeps prices subdued: NBP averaged at $10/mmBtu in 2011-14 and by 2016 lost more than half of its value, hovering around $4.63/mmBtu. According to Societe Generale analysis, natural gas is now in a unique position to help regions transition away from coal- and oil-fuelled power generation.
Crops for bioenergy are the only renewable source able to produce heat, power as well as liquid and gaseous fuels. Planting second generation non-food bioenergy crops could, according to the Energy Technology Institute (ETI), not only helps electrify Britain, but also created new jobs in the farming and forestry sectors, post Brexit.
First fire and start of commercial operation has been achieved for Chubu Electric’s Nishi-Nagoya power plant Block-1 in Japan. The 1,188 MW plant is powerd by six GE’s 7HA gas turbines and Toshiba steam turbines, jointly achieving an efficiency of over 62%.
Commentators have openly rebuked US Energy Secretary Rick Perry’s proposal for a bailout of coal and nuclear power plants. In a letter to FERC, Perry had directed the regulator to set up a rule, offering plants that can store 90 day’s worth of fuel onsite some extra compensation. Critics dismissed this plan as “nuts” as it would interfere in America’s unregulated wholesale power market, effectively reducing the price of electricity generated from burning coal.
Coal-fired electricity generation in China, the world’s largest coal consumer, is expected to remain flat through 2040, according to EIA’s International Energy Outlook 2017 (IEO2017). Other fuels, such as renewables, natural gas, and nuclear power, are expected to make up increasing shares of China’s electricity generation.
Decentralized power generation has become reality in the city Holland in Michigan, U.S., where Siemens has just commissioned a 125 MW cogeneration plant. The combined cycle gas power plant has been build on behalf of Holland Board of Public Works.