MAN Diesel & Turbo has signed a contract with the Italian critical equipment manufacturer Walter Tosto for the delivery of essential parts for ITER, an international nuclear fusion research project being built in Cadarache, France. Thirteen so-called Port Stubs, built for Walter Tosto, will be installed in ITER’s vacuum vessel which is set to houses the fusion reactions and acts as a first safety containment barrier.
Off-grid distributed energy systems (DES) – using renewable energy but backed up by flexible gas or diesel generators – are mushrooming throughout the Association of Southeast Asian Nations (ASEAN), as technology costs keep falling. This trend helps alleviate electricity shortages of some 133 million people in the region’s rural areas.
Seven electricity providers in the western part of the United States and Canada are considering joining the California Independent System Operator’s (CAISO) western energy imbalance market (EIM) which enables more frequent dispatch of generating assets, and electricity trade in the sub-hourly market. Since late 2014, CAISO estimates the gross financial benefit for EIM members is about $174 million.
As war-torn Iraq seeks to raise electrification levels, it is becoming increasingly dependent on natural gas from neighbouring Iran to compensate for shortfalls in its domestic gas production. “New power stations are entering into service soon, hence the country’s need for gas imports,” Iraqi News quoted the electricity minister, Qasim Al-Fahdawi.
Just days after launching a transformation plan, NRG Energy has disclosed it will divest 6 GW of conventional power generation capacity, and 50-100% of its renewable energy arm, NRG Yield. The American utility said it hoped to raise between $2.5 billion and $4 billion in cash proceeds from the sale. Mauricio Gutierrez, NRG president and CEO said underlined the board’s “commitment to simplify and strengthen the company to thrive through any market cycle.”
Musandam Power Company (MPC), an affiliate of Oman Gas Company (OGC), has started full commercial operation of a 120 MW dual-fuel power plant at Tibat, Bukha province in Oman’s enclave of Musandam. As an area outside of Oman’s national power grid, Musandam used to be supplied with electricity and desalinated water via several diesel gensets.
National Grid projections show that growing use of electric vehicles in the UK could increase peak power demand by 3.5 GW by 2030 and 18 GW by 2050. Today, UK peak power demand is approximately 60 GW. Under the “Consumer Power Scenario,” National Grid anticipates electric vehicle (EV) sales to account for more than 90% of all cars by 2050.
Demand from the industrial sector becomes the main engine of gas consumption growth, replacing power generation, where gas is being squeezed by growing renewables and competition from coal, the International Energy Agency (IEA) says in its latest five-year forecast Gas 2017. Global gas demand is forecast to rise from 3,630 bcm today to nearly 4,000 billion cubic meters (bcm) by 2022.
The Finish technology group Wärtsilä will take full operations and maintenance responsibility for Pampa Energia's installation Central Térmica Parque Pilar located in the Buenos Aires province, Argentina. Under the 10-year operation and maintenance (O&M), Wärtsilä will ensure reliable output from the 100 MW power plant and service its six 50DF multi-fuel engines.
Suspension of the ambitious Kemper integrated gasification combined cycle (IGCC) has amplified concerns over the prospects of this technology, but IEA chief economist Lazlo Varro points out that “more promising developments of projects using IGCCs can be found in Japan.” The Osaki CoolGen project, in his view, has taken a “more measured approach to scaling-up IGCC deployment,” commissioning a 166 MW oxygen-blown IGCC plant in March.
GE’s second HA gas turbine order win in Mexico will see the American OEM provide equipment, services and digital solutions for the Tierra Mojada CCGT in Guadalajara, Mexico. Fisterra Energy, majority-owned by Blackstone Group, will be responsible for bringing power to the grid by December 2019 and selling it onto the new wholesale electricity market, created by Mexico’s Energy Reform.
Mitsui, and its Japanese consortium partners, are making progress in developing and building two Independent Power Projects (IPP) in Oman, Sohar III and Ibri, with a combined capacity of 3,219 MW. According to Oman Power and Water Procurement Company (OPWP), the future plant operator, the gas-fuelled Ibri IPP is due to start up in April 2018.
Spurred by the global expansion in LNG supply and trade, the growth of natural gas supply in absolute terms will outperform that of all other energy sources, notably coal and oil, CEDIGAZ said in its latest Medium and Long Term Natural Gas Outlook 2017. According to projections made by the Paris-based energy consultants, the share of gas in the world primary energy supply will rise from 21.2% in 2014 to 23.9% in 2035.
Aspiring to fully digitalize its infrastructure, Singapore is piloting 'MindSphere' – Siemens' open, cloud-based operating system for the Internet of Things (IoT). To that end, the German OEM inaugurated a digitalization hub in the city state, supported by the Singapore Economic Development Board (EDB), were it will develop IoT and Industry 4.0 solutions in collaboration with customers in Southeast Asia.
Supply-side overhang has made the energy component of the Standard and Poor’s Goldman Sachs Commodity Index (GSCI) shed 11% during the first half of 2017 – the largest drop in the index. Metals, lifestock and agriculture, by contrast, had higher end-of-June prices than those at the start of the year.