Solar power is poised for “explosive growth” in India, matching coal’s share within two decades, the International Energy Agency (IEA) finds. Today, solar PV makes up 3% and coal close to 70% of India’s power mix, but by 2040 they will converge in the low 30%s in a dramatic tilt to green energy.
The European Union‘s 2030 emissions target of a 55% reduction over 1990 levels has made it the undisputed global leader in climate ambition. But the bloc is falling short of its goal, Wood Mackenzie warns, unless the rollout of electric vehicles and renewable build-out gets accelerated along with coal power plants retirements.
Toshiba has developed an aqueous rechargeable lithium-ion battery in a bid to realise the world’s first large-scale battery that can operate at -30°C. The high durability battery has over 2,000 charge- and discharge-cycles and by using water as aqueous electrolyte, it is safe even if exposed to fire.
Fitch Ratings has warned fossil fuel exporters face a growing risk of loss of GDP, government revenue and export receipts as more upstream assets are downgraded, or become stranded, as the energy transition progresses. Coal suffers a greater loss of market share than oil and natural gas.
Dallas-based Energy Transfer has agreed to acquire Enable Midstream Partners in an all-equity transaction valued at around $7.2 billion. The merger is expected to lead to $100 million operational cost savings and gives Energy Transfer access to gas gathering and processing assets in the Anadarko and Haynesville Shale, and pipelines to transport the gas to the US Gulf Coast.
The Electric Reliability Council of Texas (ERCOT) has decided to raise energy prices after a winter storm left more than 4 million people without electricity in Texas. The grid operator was not able to cope with the sudden demand spike, while fuel shortages forced some utilities to implement rolling blackouts.
Mitsubishi Heavy Industries (MHI) has invested into the California-based hard tech startup C-Zero to upscale and commercialise of the firm’s drop-in decarbonisation technology. It produces hydrogen via methane pyrolyis, in a process often referred to as ‘turquoise hydrogen.’
Kraftwerke Mainz-Wiesbaden (KMW) in Germany relies on Wärtsilä’s newly completed combined heat and power (CHP) plant to reach its green energy goals. The CHP provides 100 MW of electricity and feeds the excess heat into the local district heating network - enough for 40,000 family homes.
The largest high-temperature Organic Rankine Cycle (ORC) system ever built will be installed at the GASCO Dahshour gas compressor station in Egypt. Turboden’s ORC unit (28 MWe) is coupled with two Siemens’ electric motor driven compressors (20 MWe) and by recovering the exhaust gas heat, it generates 192 GWh per year of fuel-free electricity.
The Japanese ministry of the economy, trade and industry (METI) is working on a new natural gas supply framework in the wake of recent price spikes. “The tightening of power supply ... has made us strongly realize once again the importance of LNG as an adjusting electricity source,” said Ryo Minami, METI's director-general of oil, gas and mineral resources.
Siemens Energy has agreed to commission a heat-to-power pilot plant in Alberta for TC Energy before the end of 2022. The plant will be based on Echogen Rankine Cycle technology, using supercritical carbon dioxide (sCO2) as working fluid to convert waste heat into power. This results in a 10% rise in compressor station efficiency.
Unlike rechargeable lithium-ion batteries, flow batteries use large tanks of liquid to store energy which has made the technology “prohibitively expensive” because it relies on pricey electroactive metal salts. Researchers at the MIT are working on alternative approaches that use less expensive electroactive materials derived from organic compounds.