The pandemic is expected to have only a modest impact on the pace of renewables additions in Asia Pacific (APAC) countries, backed up by gas power and energy storage. The region is electrifying had been seen to account for 67% of global power demand growth through 2040.
Europe’s two largest economies, Germany and France, stand united in stressing the role of a sustainable stimulus package for the trade bloc’s recovery. The EU Green Deal accelerates a shift to green power sources and energy storage as both states aim for net-zero emissions by 2050.
MAN Energy Solutions has assembled two core-components for the world's largest fusion experiment ITER in Cadarache, southern France. The cylinders are central to the cryostat –a 30m high stainless steel, high-vacuum chamber with a volume of 16,000 cbm - which from the exterior of the fusion reactor.
Japanese trading house Itochu has announced the commercial start of the Hickory Run Energy Center, built at a cost of $865 million near Pittsburgh, Pennsylvania. Operated by Tyr Energy, an Itochu subsidiary, the 1,000 MW combined-cycle gas power plant provides electricity to the PJM market.
Technology group Wärtsilä is working on a feasibility study for a Power-to-Gas facility at Vantaa Energy’s waste-to-energy -plant in Finland. The project will produce synthetic biogas using emissions and electricity generated at the waste-to-energy plant, helping Vantaa to exit coal by 2022.
The 3000th gas genset of Rolls-Royce's MTU-branded Series 4000 natural gas engine has rolled off the production line, set to be delivered to VPower Group for a project in Myanmar. Series 4000 gas engines are part of MTP since October 2004 and are being produced in Friedrichshafen, Germany.
The Germany regulator has turned down Gazprom’s application to exempt the Nord Stream-2 gas pipeline (55 Bcm per year) from common EU market rules that stipulate the unbundling of gas producer and supplier. Under EU rules, Nord Stream-2 would also need to open up to third party suppliers.
Siemens is transporting the first HL-class turbine from its factory in Berlin to SSE’s Keadby-2 power project. With 593 MW capacity, the SGT5-9000HL will first be tested in simple-cycle mode and then expanded into a combined-cycle unit with 840 MW and over 63% baseload efficiency.
Despite the recent oil market shock, a fifth of industry leaders said in a DNV GL survey their companies have entered the hydrogen market, anticipating the synthetic fuel will be a big part of the energy mix by 2030. DNV GL is involved in pilot projects in Norway, the Netherlands and the UK.
Demand response specialist Flexitricity has signed a deal with Gresham House Energy Storage Fund to optimise revenue for the 50-MW/75-MWh Thurcroft energy storage in South Yorkshire. National Grid called the project a milestone towards reaching the UK’s net-zero 2050 emission target.
Electricity and gas prices have been raised in Bangladesh to reflect the higher cost of LNG, imported to compensate for the country’s depleting domestic gas reserves. Gas prices are already 40% higher for several months while wholesale power prices were hiked in Q1 this year.
Though lockdowns are gradually lifted in several U.S. states, the government expects an 11% drop in energy-related emissions as demand from industry remains low. As the American economy slides into recession due to the coronavirus crisis, emissions are set to fall more than the 5% drop in GDP.