With electric cars gaining popularity, the global electric vehicle battery market is anticipated to grow at a record 18% rate to reach a size of $120 billion by 2027. Government initiatives and more wide-spread environmental concern in western countries are driving the electrification of the transport sector.
Mexico’s state-run electric utility Comisión Federal de Electricidad (CFE) is aiming to renegotiate take-or-pay clauses it had agreed with North American gas pipeline developers, including TransCanada and Sempra’s IEnova. CFE is the anchor customer for most new pipelines under construction, but the company's new CEO Manuel Bartlett wants to focus on hydropower, diesel and coal instead of gas-fired generation.
Beginning with the February billing cycle, customers of SCE&G, a wholly owned subsidiary of Dominion Energy, will start seeing the benefits of the Dominion Energy-SCANA merger reflected in their monthly energy bills. Typical customers will see their bills drop 15%, with further reductions in May for fuel and Demand-Side Management participants.
With variable renewables accounting for more than half of global capacity additions to 2040, utilities and power grid operators increasingly turn to energy storage to cover their flexibility requirements. The International Energy Agency (IEA) expects the cost for four-hour battery systems will fall to $220 per kWh by 2040, spurring a utility-scale deployment of energy storage of close to 220 GW.
Seasonal imports of LNG help meet peakload gas demand in New England’s industrial and power sector. During the freeze in the first week of February, more than 800,000 million cubic metres per day of gas was imported via Excelerate’s Northeast Gateway floating regas facility offshore Boston.
Though EU member states decided to tighten unbundling rules on gas interconnectors, parliamentarians agreed to a French-German compromise for the €9.5 billion Nord Stream-2 pipeline. The deal places the controversial project “under European control”, but with Germany as the lead negotiator with Russia's Gazprom.
Mitsubishi Hitachi Power Systems’ (MHPS) turbine, model M501 JAC, has been chosen to power what will become Virginia’s highest efficiency combined-cycle power stations. Developed by Gemma Power Systems and Balico, the Chickahominy CCGT will provide over 1,600 MW of electricity once completed in 2022.
Harrison Power is seeking to fast-tracking construction at its 1,100 MW combined-cycle power project in Cadiz, Harrison Country, Ohio. Though the groundbreaking date has been pushed back to Q1-2019, developers are seeking to get the CCGT into full commercial operation in the second quarter of 2021, providing electricity into the PJM Interconnection market.
Private equity firm Hull Street Energy has agreed to acquire the Bayswater and Jamaica Bay gas-fired power stations from a subsidiary of NextEra Energy (NEE) Resources. The two plants, situated in Far Rockaway, New York, provide some 110 MW of flexible, fast-start generating capacity to the region.
Price will largely determine the share of gas-fired generation in the future power mix of the United States. Scenario analysis in the EIA’s latest Annual Energy Outlook (AEO2019) shows that natural gas could provide between 21% and 54% of all U.S. electricity generation, dependent on fuel prices and relative technology costs.
Implementing the German coal exit will see 12.5 GW of coal-fired capacity being closed by 2022, pushing up the country’s gas demand. To fully replace these shuttered coal plants with gas-fired generation would create a need for additional 81 TWh in gas supply, equating to an 8% rise of German gas demand, says the lobby group Zukunft Erdgas.
Paz Oil, the largest Israeli fuels company, has decided to move ahead with a plant to build a 700 MW gas-fired power plant in the port city of Ashdod. The proposed plant is estimated to cost up to $700 million, partly debt-financed, and is intended to start operating in 2023.
For F-class turbine operators demanding fuel flexibility retrofits, Ansaldo Energia offers a tested and commercially proven combustion system for gas turbines originally manufactured by GE, Siemens-Westinghouse and MHPS. The sequential combustor is designed specifically for the use of hydrogen (H2).
USC Iceberg Central Design Bureau, a Russian shipbuilding company based in St. Petersburg, has launched a tender for a 50-60 MW floating power plant. Potential bidders for the tender are asked to include both construction costs and long-term maintenance costs.
The UK government’s Department for Business, Energy and Industrial Strategy (BEIS) is inviting applications for funding under a new £320 million Heat Networks Investment Project (HNIP). Designated as ‘gap funding,’ the monies will be is offered through a combination of grants and loans over a period of up to three years.