Blackouts are far and few between in the U.S. electric distribution system, with frequency and duration of power cuts varying greatly across the many electric distribution systems that serve about 145 million customers throughout the country. Customers in 2016 suffered an average of 1.3 interruptions and were left without electricity for four hours during the year.
Eka Software Solutions announced a large American retail trading cooperative, including over 200 independent associations, has implemented Eka's Energy Trading and Risk Management software (ETRM) software to manage currency and energy related risks. The customer is a retail trading co-op active in many industries, including energy where it upgrades, refines, and markets petroleum products.
Major U.S. coal producers like Peabody Energy, Arch Coal and Foresight Energy had to acknowledge their reserves were overstated, and are now taking significant write-downs. This move lowers the investment rational in the American coal industry given that insurers, investors and analysts typically consider company-reported reserves as an indicator of what can be cashed in.
Setting another Additive Manufacturing milestone, Siemens has fitted the first replacement parts – two oil sealing rings that were 3D-printed from metal – for an industrial steam turbine operating in India. The oil sealing rings help keep oil separated from steam inside the turbine, using pressurized air.
Expanding its Advanced Gas Path (AGP) capabilities around the world, GE’s Power Services business over the past several years installed AGP technology on 435 units across four of its gas turbine fleets, generating $775 million a year in cost savings for electric utilities. Lastest order wins have come from Edison in Italy, the Iraqi Ministry of Electricity for the Najibiya power plant and ENKA for installations in Turkey.
MTU Yuchai Power, a joint venture between Rolls-Royce Power Systems and the Chinese diesel engine manufacturer Guangxi Yuchai Machinery Company, have launched series production of MTU Series 4000 engines in China. The first MTU Series 4000 engine has already been manufactured in Yulin, Guangxi province.
Unfazed by Ukraine’s vocal protest, permitting is advancing quickly for Nord Stream-2 AG to build a second pipeline through the Baltic Sea. Finland has just given the green light for pipe laying in its Exclusive Economic Zone (EEZ), all German permits are on the table, but final approval under the Finish Water Act is still pending. Gazprom, the main project sponsor, is now pushing to start construction, stressing the pipeline will “deliver the additional gas required by Europe at a competitive price.”
Duke Energy’s 1,640 MW Citrus County gas-fired combined cycle power plant is nearing completion, with the first 820 MW unit scheduled for commissioning and start-up in September. Construction on the $1.5 billion CCGT project started in March 2016 and the operator aims for the plant to enter service in November 2018.
Retail electricity sales in the United States fell by 80 billion kilowatthours (kWh) in 2017, the largest drop since the economic recession in 2009, amid subdued demand due to favourable weather conditions. According to the U.S. Energy Information Administration (EIA), the 2% demand drop left total electricity retail sales in 2017 as low as 3,682 billion kWh, identical to levels recorded more than a decade ago.
National Grid is informing the public about the second phase of its London Power Tunnel project which follows in the footsteps of a seven year £1 billion scheme to rewire the UK Capital. Phase-2 includes building a tunnel between Hurst and Crayford. Works will start in summer 2019 and take about eight years to complete.
Initial optimism of global LNG suppliers that South Korea’s new electricity policy might lead to higher demand growth has been replaced by the recognition that more needs to be done for natural gas to replace coal and nuclear in Korea's power generation mix. The 13th Long-term Natural Gas Supply Plan for 2018 to 2031, released by the Government on April 5, anticipates LNG demand to reach 40.5 million tons (Mt) by the end of the forecast period, up just 3 Mt from 2017-levels.
Ecuador’s national oil company Petroecudor has contracted Siemens to supply an 8-megawatt SGT-300 turbine to replace a Ruston gas turbine that is providing onsite electricity at its Shushufindi refinery. Commissioning of the new unit is scheduled to take place before the end of 2018.
Electricity will make up about 25% of final energy consumption by 2040, according to IEA estimates, as new electric devices are being developed at a rapid rate. Brushing climate concerns aside, Richard Zhang, technology executive at GE’s Power Conversion stressed electrification offers significant cost and efficiency savings: “Future electrical machines will generate power with ever higher density, efficiency and allow for a higher degree of system integration.”
GE Energy Financial Services, part of GE Capital, has helped secure a $150 million debt facility to refinance and expand the Los Guindos open-cycle power plant to approximately 275-MW, nearly double its current capacity of 139-MW. Located in central Chile, GE owns 75% in the OCGT since 2016 when it partnered with The Ingelec Group, the plant’s local co-owner and operator.
Bonaire in the Caribbean and the Faroe Islands in the North Atlantic: these two self-sustaining islands are setting standards in integrating renewable energy sources, supported by MAN Diesel & Turbo gensets. On the Faroe Island, four MAN 9L51/60 four-stroke engines are being installed to expand the existing Sund power plant near the capital Tórshavn.