GE has commissioned the Chia Hui combined heat and power (CHP) plant in Minxiong Township near Chiayi City in southwest Taiwan. Powered by a HA-turbine, the CHP adds approximately 535 MW of electricity to the grid – enough for 600,000 homes – as well as steam for district heating.
Wärtsilä will supply energy storage for the Beimen project in Kaohsiung city to help regulate grid frequency. The 5.2 MW / 5.2 MWh unit, ordered in early August, is due operational in the first quarter of 2022 and will help North Star earn revenue in Taiwan Power’s ancillary service market.
Heads of German industry are urging Berlin to allow the use of ‘blue’ hydrogen, made from natural gas while capturing carbon, for a transition period. 55% of the 2,500 surveyed decision makers, notably the steelmaker Thyssenkrupp and energy company RWE, want to use blue hydrogen which is cheaper to make than ‘green’ hydrogen.
Gas-burn for power generation will stay almost flat in India, as most of the country’s stranded gas-fired fleet is uncompetitive without subsidies or an outright collapse of international gas prices, the International Energy Agency (IEA) finds. Solar photovoltaic (PV), in contrast, is poised for “explosive growth” in India, matching coal’s share within two decades.
Finish technology group Wärtsilä will supply a 250 MW / 250 MWh battery energy storage system to AGL Energy for installation at the 1,280 MW Torrens Island Power Station in South Australia by early 2023. AGL plans up to 1 GW of grid-scale energy storage across Australia, mostly to back up renewables.
Near curve gas prices at the Dutch TTF trading hub must stay above the 15% coal-to-gas fuel switch trigger to displace enough gas from power generation to bolster Europe’s pre-winter storage inventories. Energy Aspects sees upside on TTF prices to €46/MWh amid risks over Russian flows this winter due to a possible delay of Nord Stream 2.
Chicago-based Exelon Utilities is gearing up to half its operations-driven emissions by 2030 and ultimately get to net-zero by 2050. To that end, it will convert a third of its vehicle fleet to electric, invest in energy efficiency and modernise the gas grid to minimize methane leaks.
People in Britain will face a substantial rise in energy bills after the industry regulator Ofgem increases the cap on prices that power generators can charge. Ofgem today announced energy suppliers can charge customers roughly £139 more from October, and customers on prepayment contracts will have to shoulder a £153 raise.
Speed, scale and scope of converting natural gas pipelines to carry low-carbon fuels such as hydrogen will support “deeper decarbonisation,” alongside a renewables build-out, IHS Markit finds. Many industries can switch to gas to reduce their carbon intensity, and conversion costs are economically viable at $40-$60 per ton of carbon.
Japanese manufacturer Mitsubishi Power, part of MHI Group, has created a global network of TOMONI hubs to pre-warn operators of impending issues or needed corrective action to avoid unit trips or load reductions. The 840 MW Intermountain Power Project will use the hub to enhance the plant’s resilience and operational uptime.
Though green hydrogen, produced from variable wind and solar generation, can act as long-term energy storage – it is not economically viable yet. To get from 80,000 tonnes produced today to a required 35 million by 2035, governments will need to "heavily incentivise green hydrogen – and soon," analysts say, similar to past subsidies for renewables.
Siemens Energy today blamed headwinds at Gamesa Renewable Energy, the company’s wind unit, for the 36.8% drop in third quarter earnings to €5.9 billion as well as lower profit expectations for fiscal 2021. Management now anticipates an adjusted EBITA margin of 2-3%, down from previously 3-5%.
Capital expenditure into oil & gas ventures has surged 30.4% in Asia as the region is staging a fast rebound from the coronavirus crisis. Higher commodity prices unlock greater flexibility in spending, Fitch Rating said, but warned an uneven uptake in vaccinations will leave the recovery in fuel demand tepid in some places.
Summit Oil and Shipping Co, the largest private fuel importer to Bangladesh, envisages contracting 1 mtpa of LNG for up to 20 years from Commonwealth’s 8.4 mtpa export facility under development in Cameron, Louisiana. Summit Group operates 3 GW gas-fired powergen capacity on the Indian subcontinent.