The rental market for mobile power gen equipment is seen grow at a 6% annual rate, expanding by $1.5 billion in the years through 2024. Growth is largely driven by infrastructure programs, as well as rising demand from mining and the oil and gas industry.
U.S. pipeline operator Williams has placed in service Phase II of the Hillabee project, an important Transco expansion that brings more natural gas to Florida’s growing power generation market. The expansion provides firm capacity via Sabal Trail Transmission, allowing for uninterrupted flows from Alabama all the way to Florida.
Utilities, particularly in China and Europe, are retrofitting their gas turbines with combustor enhancements to make assets more cost-effective. To support this market, Ansaldo Energia affiliate PSM developed a Low Emission Combustor (LEC-III) and new FlameSheet combustor retrofit for B, E and F-class gas turbines.
TC Energy Corp has sold its interests in three Ontario gas-fired power plants to Atura Power, part of Ontario Power Generation, for $2.8 billion. The units include Halton Hills Power Plant (683 MW), Napanee Generating Station (900 MW) and TC Energy’s 50% interest in the Portlands Energy Centre (550 MW).
Electricity use in Europe increased for the first time in eight weeks as lockdowns are lifted, Entso-E data shows, but prices remain in the doldrums. Wholesale power prices collapsed 30-40% in the wake of the pandemic and may not fully recover until 2025, Aurora Energy Research finds.
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.
The International Energy Agency (IEA) forecast global energy demand will fall 6% this year – seven times the decline after the 2008 global financial crisis. The impact of the coronavirus pandemic marks the biggest shock since the Second World War, with electricity demand down 2.5% in Q1-2020 though lockdown measures were in place for less than a month.
Falling technology costs for battery storage systems, down half over the last two years, have made batteries the cheapest new-build technology for peaking purposes in gas-importing regions, like China or Japan. Pairing renewables with battery storage is cost competitive with open-cycle gas peaking units, Bloomberg New Energy Finance finds.
As lockdowns are gradually eased in Europe, gas demand stages a cautious recovery. If current restrictions persist for three months, Wood Mackenzie expects 17.6 Bcm of demand will be lost across seven of Europe's largest gas markets: Germany, UK, Italy, France, Spain, Netherlands and Belgium.
Wärtsilä is finalising a 70 MW energy storage system project in the California Independent System Operator (CAISO) energy market. The system will allow the grid operator to add renewables and store the surplus energy for later use, once operational in mid-2020.
Aspiring to become climate-neutral by 2050, the German government is supporting clean hydrogen technologies both at home and as a future export success for the country’s engineering companies. “Green hydrogen is tomorrow’s oil,” the German research ministry noted, stressing the flexible energy carrier “opens up new markets.”
Kawasaki Heavy Industries has commissioned MAN Energy Solutions to supply two 12V51/60 dual-fuel engines for the Miyako Island power plant, owned and operated by the Okinawa Electric Power. The order prompts the very first installation of dual-fuel engines in Japan.