Though delivered prices for coal at US power plants keep declining, burning gas is more profitable. Fuel costs for coal power units fell from $2.25 per MMBtu to less than $2.00/MMBtu, but this is not enough to outcompete combined-cycle power plants running on cheap shale gas.
US oil major ExxonMobil and the engine maker INNIO have co-developed a new lubricant for Jenbacher Type 2, 3, 4, 6 and 9 gas engines. Performance of the new N Oil 40 has been confirmed by more than 160,000 hours of field data across multiple engine platforms in Germany, Russia and the UK.
Norway’s state energy group Statkraft has connected gas engine-driven power units, energy storage and renewables in Britain. The virtual power plant (VPP) has a capacity of nearly one Gigawatt (GW) and can react to fluctuating demand within seconds.
Turkish Karadeniz Energy Group has brought Indonesia’s first ever floating LNG-to-Power project into operation. The 125 MW Karpowership Zeynep Sultan burns regasified LNG, supplied via a floating storage regas unit (FSRU).
Philippines’ largest utility First Gen has received regulatory approval to build a floating LNG import unit to fuel 3.2 Gigawatt (GW) of power gen capacity near Batangas City. Construction will start in the fourth quarter, with the aim of receiving the first LNG cargo in the autumn of 2022.
Asia’s largest LNG exporters, Indonesia and Malaysia, are stepping up domestic LNG deliveries. A flurry of decentralised gas power plants are under development in Malaysia and across the Indonesian archipelago, looking for steady and attractively-priced LNG supply.
Shares in Siemens Energy have opened lower than anticipated on their first trading day in Frankfurt in what analysts called a “modest market debut.” Shares opened at 22.01 Euros apiece on Monday, giving the Siemens spin-off a market value of 16 billion Euros – less than the previously estimated 22 billion Euros.
Mitsubishi Power is expanding its boiler smart inspection offering, part of TOMONI digital solutions, to petroleum and chemical industries and power providers. With this move, the Japanese OEM seeks to tap new customer categories as it works to become an energy solution provider.
Rolls-Royce has been selected to deliver 15 medium speed gas gensets of its Bergen Engines brand to power the Iron Bridge Magnetite Project in Western Australia, managed by Formosa Steel. The gensets are based on the new Bergen 20-cylinder B36:45 gas engine.
The spin-off Siemens Energy has decided to locate is corporate headquarters in Berlin, where the mother company was founded in 1847. CEO Christian Bruch was quick to point out the choice of Berlin will not distract from the important functions of other locations across Germany – notably Mühlheim and Erlangen.
Babcock & Wilcox (B&W) has won a $15 million contract to design and supply low-NOx combustion technology and a pulveriser system upgrade for Taiwan Power’s 5,824 MW Taichung Power Plant. To further reduce emissions, some coal-fired power units could be converted natural gas.
Falling costs for lithium-ion batteries and hydrogen electrolysers have rendered both technologies ready for mass commercialization. The International Energy Agency (IEA) projects the cost of 4-hour battery systems to fall to $220/kWh by 2040, so utility-scale battery deployment could reach nearly 220 GW by 2040.