“Market designs may be inadequate” to keep “traditional” power generation online, cautions a long-awaited report by the Department of Energy (DoE) on the security of the U.S. power grid. To alleviate risks, the study calls on regulators to facilitate easier permitting for coal, nuclear and hydropower plants.
Expanding their cooperation in ‘lifecycle service offerings’, ABB has granted Wärtsilä the Authorized Service Provider status for standard maintenance of ABB turbochargers installed with Wärtsilä 4-stroke engines. The new accord builds on their cooperation dating back to 2005, and will result in 25 new authorised Wärtsilä turbocharger workshops.
Multiple record-breaking heat waves swept across the western United States this summer, with temperatures reaching 105 degrees in Portland – some 23 degress higher than the 30-year average. Record peak summer demand for electricity has been challenging some of the largest electricity balancing authorities in the area.
Rebuking reports about a recovery of U.S. coal industry, IEEFA energy data analyst Seth Feaster stressed that in actual fact coal companies keep losing money. AEP, one of the country's largest electric utilities, just purchased a wind farm while it is looking to retire, or sell two coal power plants by 2022.
Anshan Iron and Steel Group (Ansteel), a leading Chinese steelmaker, has handed an order to Mitsubishi Hitachi Power Systems (MHPS) to supply an M701S(DA)X gas turbine and power generator for Ansteel’s No.2 onsite power plant. Operations of the 180 MW plant are scheduled to start in the first half of 2019.
Nigeria’s Azura-Edo IPP, a 450 MW open-cycle power plant, is on track to be completed on time. However, investors are concerned about reaping a return: Ecobank warned that “an apparent inability to collect money from Discoms [power distribution companies],” and reluctance of some end-customers to pay electricity, risks to distort project finance.
Decentralisation, decarbonisation and electrification of vehicles are unravelling the way electricity is generated, consumed and accessed. In the view of Shayle Kann, head of GTM Reserach, “this could be the most dramatic transformation of electricity for a century.”
Energy Capital Partners, and an investor consortium, have agreed to buy the U.S. power generator Calpine for $5.6 billion, after the transaction value was established through an “exhaustive review of strategic alternatives,” undertaken by the Calpine board.
Heat rates of gas-fired power plants in the U.S., and notably of combined-cycle units, have decreased 7% between 2006 and 2015 – indicating more efficient generation, because less fuel is needed per kilowatthour. In contrast, heat rates of coal power plants remained stable, according to EIA data, showing no improvement.
DILO, a German manufacturer of sulfur hexafluoride (SF6) gas handling equipment, has launched a SF6 multi-analyser that allows users to simultaneously check three key gas quality parameters- SF6 concentration, humidity and quantity of decomposition products. SF6 quality of gas insulated equipment needs be checked to determine if the gas still complies with the IEC Standard 60480 (SF6 reuse) or whether it needs purification.
KAR Group in Iraq has extended Siemens’ service agreement to provide operations and maintenance (O&M) for two newly added units at the Khormala gas power plant in Kurdistan. The 930 MW plant covers nearly 30% of the region’s electricity demand and supplies more three million people with reliable electricity.
Taiwan’s recent massive blackout raises questions of the government’s wider energy policy which, according to Dr. Guo Yu, principal Asia analyst at Maplecroft, “does not pose an immediate threat to government stability.” However, it may determine the political fortunes of President Tsai and the ruling Democratic Progressive Party as we approach the next election cycle in 2020.
A massive blackout recently revealed the fragility of Taiwan’s power grid, and prompted the resignation of Chen Chin-te, chairman of Taiwanese gas supplier CPC Corp. Now, the Ministry of Science is considering the launch of a power storage system from Tesla.
SoCal’s inability this summer to fully utilize Aliso Canyon, California’s largest storage with a capacity of 86 Bcf, is impacting flow, pricing and storage dynamics in the U.S. Pacific Region. Peak summer demand conjured up fierce competition for gas between Northern and Southern California which let to tighter price spreads between the two regional gas trading hubs, SoCal and PG&E, this August.
Bangladesh’s Summit Group has contracted Wärtsilä to supply equipment for a power plant with a capacity of 300 MW. Located in Gazipur, the plant will run on eighteen Wärtsilä 46 engines, operating on heavy fuel oil, and possibly gas at a later stage. Start-up of the fast-track project is envisaged for March 2018.