Australia will see solar costs – already competitive against gas power – breaking through the coal-fired power price barrier. Levelised cost of electricity (LCOE) for solar power has fallen 42% in the past three years, according to Wood Mackenzie, and is forecast to reach $48/MWh in 2020 – beating all fossil fuel competitors.
Hybrid HHO Gas, a developed by Eneco, is capable of generating large volumes of oxyhydrogen gas using only a small amount of electricity. The new technology is expected to cut the price of HHO gas by more than two-thirds of the current average price.
Egypt’s National Electricity Technology company Kahraba has handed an engineering and equipment (EEQ) contract to Wärtsilä to install two 34SG engines at a power plant in Borg El Arab, an industrial city some 45km southwest of Alexandria. The upgrade will increase the plant’s capacity by two thirds.
The Florida Power Plant Siting Board has approved Tampa Electric's plan to build a combined-cycle gas power unit in replacement for a coal-fired block at its 1,700 MW Big Bend power station in Hillsborough County, Florida. Construction of the CCGT comes at a cost of $853 million, with works slated to start in August.
Electrification of transport has propelled up demand for batteries, increasing the risk that battery metals – cobalt, lithium, and nickel – will face a supply crunch by the mid-2020s. If automotive manufacturers realize their pledge to “go completely electric” by 2050, demand for battery metals would skyrocket – as would the electricity-use of these vehicles.
With heat waves becoming more frequent and widespread, an additional 720 million people will seek to get access to air-conditioning by 2050. According to the International Energy Agency’s (IEA) ‘Cooling for All’ this would require roughly 105 terawatt-hours (TWh) of electricity in 2050.
The Finish technology group Wärtsilä has signed an Engineering, Procurement and Construction (EPC) contract for a 100 MW/100 MW energy storage project in South East Asia. The energy storage, featuring the Greensmith GEMS software and GridSolv, will be used for grid balancing.
Summer gas prices in the United States are increasingly likely to fall to record lows not seen over the past 20 years due to high gas inventories and abundant new supply. For June, July and August, Henry Hub spot prices will average $2.37/MMBtu – some 19% lower than last summer’s average, the U.S. Energy Information Administration (EIA) forecasts.
French energy major Total has agreed to develop a floating LNG import unit in Benin, including an offshore gas pipeline to supply fuel to power plants in Maria Gléta. The Benin government seeks to develop a second gas power unit at Maria Gléta, just outside the large port city Cotonou.
National Grid and Energinet, the British and Danish TSOs, have signed contracts worth 1.1 billion Euros (£990 million), with suppliers for the 1.4 GW Viking Link. The two parallel HVDC cables will come from Prysmian Powerlink and NKT HV Cables, while Siemens will supply and install two converter stations.
Three partners – MAN Energy Solutions, Hydrogenious LOHC Technologies and Frames Group – have joint forces to design and build large energy storages, based on Liquid Organic Hydrogen Carrier (LOHC) technology. The companies already offer systems with hydrogen capacities of 5 and 12 tons per day.
US Well Services, a provider of well simulation for gas fracking, has mobilized PW Power System’s FT8 Mobilepac at its wellpads. The fast-ramp 30 MW aero-derivative gas turbines can balance large and sudden changes in power demand that are typical for hydraulic fracturing.
The sunny American Southwest is where gas peaking plants are losing out to solar-plus-storage projects, which pitch for tenders at less than $30/MWh. The cost for installing battery storage, based on a 20 MWh system with 4 hours of storage, plunged 40% over the past year to $357/kWh and Bloomberg New Energy Finance (BNEF) anticipates another 52% reduction by 2030.
Output of unit-1 at the 2,000 MW Sabia West combined-cycle power station has been boosted by more than 6%, or 35 MW, following GE Power's Advanced Gas Path (AGP) at two 9FA gas turbines. The extra output can be produced without any additional fuel.
Indiana-based Cummins has made an indicative offer to acquire MAN Energy Solutions, the large engine unit of Volkswagen Group. The German car maker reportedly also approached other MAN rivals to divest the engine maker before year-end, hoping to fetch some 3 billion Euros.