Trucking LNG to remote demand centres has surged in China amid a policy push to switch from coal to natural gas in power generation. Pipeline networks take years to develop, hence LNG trucking increased to 8.8 million tons in the first quarter of 2021, up 45.2% year-on-year.
Cummins and KBR have joined forces to produce ammonia from renewables. The partners will use Cummins’ proton exchange membrane (PEM) electrolyser as well as K-GreeN ammonia technology from KBR, with the aim to fuel 250+ MW power projects with both hydrogen and ammonia.
Cleantech startup Geyser Batteries has developed a water-based electrochemical battery technology and is now taking steps to manufacture its novel battery cells and modules. A pilot production site will be built in Mikkeli, Eastern Finland, due operational before next summer.
Tesla, VW and China’s BYD have started to clean up emission-intensive battery production for electric vehicles. Most scale up assembly lines and run them on renewables. Tesla’s Gigafactory, being built near Berlin, could eventually also produce utility-scale batteries for energy storage.
South Korea, the world’s third-largest LNG importer, will likely see natural gas demand rise 15% over the next 12 years as the country transitions from coal to gas generation and renewables. The energy ministry forecasts gas demand will amount to 41.7 million this year, and grow to 47.9 mt by 2034.
If the world takes decisive actions to limit global warming to 2°C by 2050, the scale of change is likely to unravel the energy industry. “Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix,” Wood Mackenzie says, forecasting oil demand will take a hit while gas demand remains resilient.
New York-based New Fortress Energy (NFE) today has posted first-quarter net loss of $39.5 million as it strives to complete LNG import projects for the local power sector in Mexico and Nicaragua in the next two months. “Developments are advancing on budget and schedule,” the company said, adding the terminals are due operational in Q2-2021.
Schlumberger New Energy, the energy transition unit of the US oilfield service giant, is developing a lithium extraction pilot plant in response to growing demand for utility-scale battery storage in the transport and power sector. To be built through NeoLith Energy in Clayton Valley, Nevada, the pilot plant is due operational before the end of 2021.
Electricity Supply Board‘s (ESB), Ireland’s largest utility, has ordered a grid stabilizing system from Siemens Energy for Moneypoint power station where ESB launched a ‘Green Atlantic’ project. The coal power site in County Clare will be transformed into a green energy hub, based on renewables and hydrogen with a view to powering 1.6 million homes.
The rapid build-out of Philippine LNG import and power project puts many assets at risk of becoming stranded. The total investment in ports, LNG regas facilities, pipelines and power plants is estimated at over $13.6 billion (PHP 653.5bn), but much might be underutilized, analysts warned, as renewables become cheaper.
The Port of Rotterdam plans to take a financial investment decision on its H-Vision project this year, with a view to producing hydrogen from natural gas and refinery fuels gas by the end of 2026. Such fossil fuel-based, “blue” hydrogen projects, however, do not enjoy the same support as “green” hydrogen projects, based on renewables.
Siemens Energy today posted a substantial rise in second quarter orders, up 39% to €10.5 billion, driven by the wind turbine segment. However, the German OEM lowered the upper end of its revenue growth forecast for fiscal 2021 to 3-8%, amid weaker-than-expected demand and project delays.