Carbon emission prices in the US Regional Greenhouse Gas Initiative (RGGI) have soared to unprecedented highs due to more stringent emission rules and fears that US President Biden will enact a fracking ban. In the latest RGGI quarterly auction, held on March 3, the clearing price hit $7.60 per ton of CO2.
Mitsubishi, part of the Zero Carbon Humber (ZCH) Partnership, has won a £75 million ($103 million) government contract to help decarbonise the region by 2040. Locally produced hydrogen will be distributed by a shared pipeline network, carrying green hydrogen to industrial customers, electric utilities and to Centrica's gas storage facility at Easington.
Vattenfall Wärme and Siemens Energy have agreed to demonstrate and trial a large high-temperature heat pump (8 MW) at Vattenfall’s cooling plant at Berlin Potsdamer Platz. Known as the Qwark³ project, it will generate green district heating using waste heat and electricity from renewables, and feed it into Berlin’s district heating network.
A cross-section of 30 US shale oil and gas producers shows the industry has enjoyed the first full year of positive free cash flows since the fracking boom began. Energy Economics and Financial Analysis (IEEFA) found the 30 producers generated $1.8 billion in free cash flows in 2020 after slashing capital spending by $20 billion.
Japanese and Australian partners – J-POWER, Iwantani Corp, Kawasaki HI, Marubeni, AGL and Sumitomo – have launched the HESC Pilot plant that uses coal from Australia’s Latrobe Valley to produce hydrogen, destined for the Japanese market. The aim is to scale up the output of the HESC produce to 225,000 tonnes of hydrogen annually with CCS.
Reactive power compensation helps Los Angeles Department of Water and Power (LADWP) integrate renewable energy into the grid. A reactive power plant, supplied by Siemens Energy, combines static synchronous compensation (STATCOM) technology and a modular multilevel converter (MMC) to enhance the functionality of Barren Ridge Switching Station.
The Electric Highway Coalition – made up of American Electric Power, Dominion, Duke Energy, Entergy, Southern Co., and the Tennessee Valley Authority – plan to establish a network of electric vehicle (EV) charging stations to enable seamless travel between Gulf Coast, Midwest and Atlantic State destinations. Over 18 million EVs are estimated to be on US roads by 2030.
Italy’s gas network operator Snam will become Europe’s first TSO to test the injection of a hydrogen blend into its gas grid through a cooperation with UAE-based Mubadala Investment. Snam imports LNG via the FSRU Toscana and the onshore Panigaglia regas facility near Genoa, where carriers with the hydrogen-LNG blend from Abu Dhabi are likely to berth.
Withdrawals from US gas storage kept falling this week, with analysts attributing the storage-build to mild weather in South Central regions and a subsequent rise of gas injection into salt cavern storage. South Central was badly hit by the mid-February ‘Big Freeze’ in Texas but temperates already sprung back to a 10% warmer-than-normal March to-date.
The Norwegian government has ruled the sale of Bergen Engines to TMH Group of Russia “must be stopped.” Rolls-Royce had announced the €150 million deal on February 4, but Oslo’s ruling threatens to derail the sale and undermines the company’s target to raise £2 billion from disposals.
Germany's Federal Network Agency (BNetzA) has granted approval for the upgrade of over 24 transmission pipelines to also transport hydrogen. German gas grid operators had said an initial hydrogen grid could be established at “justifiable cost” of around €660 million, largely by converting current pipelines.
Schlumberger New Energy, the energy transition start-up of the US oilfield service giant, is working on 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.