With a 7.9 GW of America’s coal capacity due to retire, the U.S. Energy Information Administration (EIA) expects coal stockpile will decline through 2018 and remain low through 2019. This May, coal inventories, or stockpiles, in the electric power sector totaled 128 million short tons (MMst), 34 MMst or 21% lower than in the previous May – the lowest level for four years.
The Finish technology group Wärtsilä has delivered its first engine plus storage hybrid installation worldwide to Sinergy, part of ALTEO Group, in the Hungarian capital Budapest. The upgraded plant, running on three W34SG engines, was commissioned earlier this week and has a total output of 6 MW / 4 MWh.
Increasing the deployment of “volatile” renewable energies in Europe threatens power supply security across the continent, analysis the German Association of Energy and Water Industries (BDEW) shows. Surplus volume of secure power generation capacity will decline in the medium to long term throughout Europe.
Rebuking the Trump administration’s plan to roll back the Obama-era Clean Power Plan, California’s Gov. Jerry Brown called the proposal a "a declaration of war against America and all of humanity." Trump’s EPA new proposal gives states more freedom to set their own emissions standards at plants - a barely disguised favour for the coal industry.
More than two thirds of British people polled by YouGov would like to see a more decentralised, local model succeed the Big Six’s current monopoly. Three-quarters say they are prepared to join community energy schemes and many want their pension or banking investments to avoid fossil fuel projects.
Sembcorp Industries’ Gayatri power plant in India has won a tender, conducted by the Bangladesh Power Development Board (BPDB), to supply 250 MW of electricity to Bangladesh for 15 years. In a letter of intent BPDB stipulates the additional supply to Bangladesh upon completion of procedural requirements and government approvals. The plan is to add another unit to the Gayatri complex.
AES Colón – a $1.15 billion LNG import terminal and adjacent combined-cycle power plant – has just been inaugurated in Panama. The project comprises the first LNG regas terminal in Central America and a CCGT with 381 MW capacity. Start of commercial operation is slated for September 1.
Smart electrically-driven heating is a “valuable field in which to invest”, Delta-ee research finds, pointing at the substantial installed base of electrically-driven heating – 30 million units across Europe. In the UK, new business models are emerging providing heat-as-a-service, with the customer avoiding the need for buying fuel and appliances by simply buying the heat, and comfort that comes with it.
Agile, more efficient testing and product development for the marine, oil & gas and new energy sector will be facilitated at Wärtsilä’s new technology hub on Vaskiluoto island, near the Finish city of Vaasa. Wärtsilä will invest €83 million in modern testing and production technology for the hub, while total investment will amount to over €200 million.
Hazards of oversupply in oil and natural gas are preoccupying International Oil Companies (IOCs) as less carbon-intensive sources of energy compound the risk of future oil and gas oversupply. Still, Moody's analysts are convinced oil majors will tackle these new issues through a triad of conservative financial policies to strengthen balance sheets, capital discipline, and robust long-term planning that anticipates secular shifts – like the global trend towards renewables and energy storage.
Energy consumption per capita in Africa is forecast to rise up to 25% by 2040, but the African value is still projected to be one-half of the level in India, one-fourth of the level in Brazil, according to the International Energy Outlook 2018. The net effect of the IEO2018 Africa High Growth case on the rest of the world, because of trade and global supply chains, shows limited impacts on other countries in terms of output.
Analysts reckon Germany could still meet its 40% greenhouse gas reduction target by 2020, if several lignite-fired power plants are shut-down immediately and others curtailed in use, a study by the Fraunhofer Institute shows. “The technical possibilities aren’t lacking – only the political will,” commented Greenpeace energy expert, Anike Peters.
Nearly two-thirds of oil and gas sector leaders, surveyed by the Norwegian classification society DNV GL, have increased spending on gas projects in 2018; hence natural gas is expected to overtake oil as the world’s primary energy source in the mid-2030s. Thereafter, the energy transition will enter its final phase-out of fossil fuels, with hydrogen and renewables set to gain momentum.
Aggreko, a provider of temporary power solutions, has contracted GE Distributed Power to connect up to 10,000 assets to GE’s myPlant asset performance management solution over the next five years. The project will be implemented across Aggreko’s power generation fleet, with the first site deployment planned in Q4-2018.
In Australia, MAN Energy Solutions is gearing up to participate in a growing market with the opening of a new site in Yennora, part of Greater Western Sydney. The new workshop features a revamped 2 MW engine test cell with improved acoustic attenuation and a crane capacity of up to 25 tons and 35 metres span.