Philippines’ largest utility First Gen has received regulatory approval to build a floating LNG import unit to fuel 3.2 Gigawatt (GW) of power gen capacity near Batangas City. Construction will start in the fourth quarter, with the aim of receiving the first LNG cargo in the autumn of 2022.
Asia’s largest LNG exporters, Indonesia and Malaysia, are stepping up domestic LNG deliveries. A flurry of decentralised gas power plants are under development in Malaysia and across the Indonesian archipelago, looking for steady and attractively-priced LNG supply.
Shares in Siemens Energy have opened lower than anticipated on their first trading day in Frankfurt in what analysts called a “modest market debut.” Shares opened at 22.01 Euros apiece on Monday, giving the Siemens spin-off a market value of 16 billion Euros – less than the previously estimated 22 billion Euros.
Mitsubishi Power is expanding its boiler smart inspection offering, part of TOMONI digital solutions, to petroleum and chemical industries and power providers. With this move, the Japanese OEM seeks to tap new customer categories as it works to become an energy solution provider.
Rolls-Royce has been selected to deliver 15 medium speed gas gensets of its Bergen Engines brand to power the Iron Bridge Magnetite Project in Western Australia, managed by Formosa Steel. The gensets are based on the new Bergen 20-cylinder B36:45 gas engine.
The spin-off Siemens Energy has decided to locate is corporate headquarters in Berlin, where the mother company was founded in 1847. CEO Christian Bruch was quick to point out the choice of Berlin will not distract from the important functions of other locations across Germany – notably Mühlheim and Erlangen.
Babcock & Wilcox (B&W) has won a $15 million contract to design and supply low-NOx combustion technology and a pulveriser system upgrade for Taiwan Power’s 5,824 MW Taichung Power Plant. To further reduce emissions, some coal-fired power units could be converted natural gas.
Falling costs for lithium-ion batteries and hydrogen electrolysers have rendered both technologies ready for mass commercialization. The International Energy Agency (IEA) projects the cost of 4-hour battery systems to fall to $220/kWh by 2040, so utility-scale battery deployment could reach nearly 220 GW by 2040.
South Korea’s power plant developer Doosan Heavy Industries has joined forces with five public power companies to build a model combined-cycle power plant, driven by a proprietary gas turbine. Doosan has been striving to develop a turbine since 2013, aimed at Asia’s growing LNG-to-Power market.
Mitsubishi Power and the US utility Entery will work together to limit emissions from electric power generation in Arkansas, Louisiana, New Orleans, Mississippi and Texas. The cooperation will focus on the adoption of hydrogen-capable gas turbine as well as utility-scale battery storage systems.
US oil major ExxonMobil and Global Thermostat have expanded their joint development agreement of Direct Air Capture Technology, designed to remove CO2 from the atmosphere. Amine-based adsorbents act like a filter to efficiently capture CO2, which can then be stored underground or used to make chemicals or construction materials.
Investment in U.S. generating capacity is dominated by gas power units due to its cheap capacity costs. Though construction costs for solar PV more than halved to $1,848 and costs for onshore wind fell to $1,382, both lose out on gas-fired units which cost just $837 per capacity added.