A rebound in crude oil and petroleum product prices has caused a 16% rise of the spot energy index in the Standard and Poor's (S&P) Goldman Sachs Commodity Index (GSCI) at year-end, after the index fell nearly 20% in the first half of the past year.
Portuguese project company Graciolica, backed by its Danish majority shareholder, has placed an order with Greensmith Energy for an integrated energy management system (GEMS) for its microgrid power unit in the Azores. The hybrid renewable plant will supply 1-MW of solar and a 4.5-MW wind power to the island power grid. The plant is slated to start operations in mid-2018.
Micoturbine manufacturer Capstone has launched a new cleanable severe environment air filtration system for its product line and subsequently won an order for three C65 microturbines, utilizing this new filtration system, for a flare gas reduction project in Oman.
What’s in your fuel, and how to get the most out of it? Gas Power Technology Journal visited Wärtsilä in Vaasa, Finland to talk with its specialist team, responsible for developing new systems and tools to analyse fuel composition and behaviour. Through careful analysis, Wartsila’s multi-disciplinary Fuel Laboratory Services team can adapt engines to run more efficiently on whatever fuel is available – from the most exotic biofuels to unpredictable mixes of different gases. The team makes a difference to thousands of gas and liquids-fuelled engines and this impact keeps growing the more fuels are tested and approved for usage.
Chart Industries, the US-based LNG equipment and technology supplier, has made its third acquisition in less than a year by buying Skaff Cryogenics & Cryo-Lease. Headquartered in Brentwood, New Hampshire, Skaff repairs and remanufactures cryogenic and gas storage tanks and trailors.
Global coal demand is facing a “decade of stagnation” and should remain nearly flat between 2017 and 2022, the International Energy Agency (IEA) forecasts. Lower gas prices, a surge in renewables and improvements in energy efficiency have caused a 1.9% fall in global coal consumption last year to 5,357 million tonnes of coal equivalent (Mtce) - the second year of decline.
Power-to-gas technology developed by the German equipment manufacturer Viessmann has the potential to significantly decarbonise the gas grid. “Our solution takes micro-organisms and CO2 - natural by-products of anaerobic digestion - and introduces them to hydrogen, converting it into synthetic methane which can in turn be injected into the natural gas grid,” explains Christian Engelke, technical director at the firm.
Seminole Electric, a Florida-based cooperative, has filed a proposal with the state Department of Environmental Protection (DEP) to build a 1,050-MW combined-cycle gas power plant in Putnam County. If approved, the plant will replace one of two 650-MW coal-fired units operating on site.
Chart Industries’ latest compact LNG regasification station is now fully operational in Mexico, bringing natural gas to fuel an off-grid power station. The regas project is a first for the country, Chart pointed out, and mimics a familiar fuel model that is already in use for diesel or propane.
The California Independent System Operator (CAISO) has certified the Greensmith GEMS Site Controller as a Remote Intelligent Gateway (RIG) for direct telemetry of participating generators and loads within the CAISO balancing authority area. Metering and telemetry are mandatory tools used to ensure operational visibility and accurate revenue accounting for the grid operator.
Growing complexity and changing regulations within the Nordic energy market, has prompted Denmark’s largest utility HOFOR to replace its in-house trading system. Also known as Greater Copenhagen Utility, HOFOR selected Contigo’s enTrader for managing its energy portfolio, which includes Nordic power, coal, carbon emissions and FX.
Shifting focus on digitalization, Siemens has opened a new MindSphere Application Center for Power Generation Services in Berlin. With this new center, the German OEM seeks to set the stage for more co-creation in direct involvement with its energy customers. Featuring a broad portfolio of digital services and tools, the MindSphere centre allows customers, software engineers and Siemens experts to come together to explore the value-added by digital services tools and solutions.
The days when traditional utilities in Europe were retaining earnings to finance big projects off their balance sheet are over. As governments prioritize electricity security and a transition toward more sustainable energy use, financial investment decisions (FIDs) are becoming more complex, say IEA energy analysts Michael Waldron and Yoko Nobuoka. Yet regardless of the challenging economic environment, European utilities have increased their investment capabilities, and according to IEA findings, their Capex as a share of earnings has strengthened in recent years.
With world energy demand growing at 1.1% per year, the Gas Exporting Countries Forum (GECF) anticipates a 53% rise in global gas consumption between 2017 and 2040. Non-OECD Asia is seen as the main growth driver, followed by the Middle East and Africa.
Sonatrach, the Algerian state-owned energy group, has started producing natural gas at the new Reggane Nord field which is anticipated to produce 8 million cubic meters per day at peak. Together with two other fields due to come online in 2018, the Reggane complex will revive Algeria’s maturing upstream sector.