Daily News

Oxford-based NGO Carbon Gap has urged governments in Europe and the UK to support the scale-up of technologies that can remove CO2 directly from the air. Researchers highlight the strong need to invest in R&D for carbon removal, provide deployment incentives and develop standards and clear target to incentivise utilities to start delivering net-negative emissions.

GenCell Energy, an Israeli maker of alkaline-based hydrogen fuel cells, has launched a backup power unit with extended runtime. Named GenCell REX, it helps European TSOs meet obligations of maintaining enough redundancy to guarantee 24 hours emergency power capacity.

Saudi Arabia’s ACWA Power, a leading developer, investor and operator of power and water assets, has signed a cooperation agreement with Natixis Corporate & Investment Banking to advance regional clean energy and hydrogen projects. Natixis CIB’s objective is to finance approximately US$2 billion over two years of ACWA Power’s future project pipeline.

Most of the money put into so-called sustainable exchange-traded funds (ETFs) in Germany is not invested in projects that differ significantly from conventional investment funds. “The big promise of many green funds to do good for other people and the environment often does not amount to more than greenwashing,” said Magdalen Senn of the NGO ‘Finanzwende’.

Wärtsilä has been contracted to supply an 8 MW/32MWh energy storage to Colbun who will co-locate the system with its 230 MW Diego de Almargo solar PV facility in Chile’s Atacama region – well-known for its solar radiation. The energy storage unit will be provided on an engineering and equipment delivery (EEQ) basis, due operational in Q4-2022.

Electrification and green energy policies are changing market dynamics. Larger utilities, traditionally focussed on centralized assets, start to embrace hybrid systems with energy storage, e-mobility and smart/digital offerings as the system needs more flexibility, analysts say – though the value in generation is still bigger on a US dollar basis.

Legislation has been passed in the Australian state of New South Wales (NSW) that allows to feed blends of hydrogen and biomethane into the natural gas pipeline network. The aim is to have a 10% hydrogen blend in the gas grid by 2030, and export substantial amounts of green hydrogen to power producers in Japan and wider Asia.

Inclusion of international carbon trading in Article 6 of the Paris Rulebook at COP26 could see the market’s value surge from US1 billion in 2021 to nearly US$200 billion in 2050. “The elimination of double-counting makes decarbonization real,” Wood Mackenzie’s research director Elena Belleti said, suggesting this will attract financing for “real emission reduction.”

Hydrogen-ready solid oxide fuel cells (SOFCs) are being introduced to the British wholesale power market by Bloom Energy, Conrad Energy and Electricity North West. The trio agreed to jointly develop, build and operate behind-the-meter (Btm) projects to bring Bloom’s SOFC platform to UK with first orders hoped to materialise in December 2021.

Ansaldo Energia has begun construction works on a project aimed at improving the efficiency of the EP Produzione combined-cycle gas turbine (CCGT) in Tavazzano and Montanaso, in Italy’s Lodi province. The new 800 MW CCGT unit is scheduled to start up on November 1, 2023. 

Comisión Federal de Electricidad (CFE), Mexico’s state-owned electricity utility, has ordered two multi-fuel power plants with a combined output of 600 MW from Wärtsilä. The projects will be delivered on a full EPC-basis and are to be completed in phases during 2022 and 2023.

The government of South Korea is working towards turning hydrogen into the country’s biggest energy source by 2050 by expanding H2-based power generation, and replacing all fossil fuel used by the steel and chemical industries with blue or green hydrogen. To tackle transport emissions, over 2,000 hydrogen charging stations will be installed nationwide.

South Korea’s Hyundai Heavy’s refining unit Hyundai Oilbank has agreed to import liquefied petroleum gas (LPG) from Saudi Aramco to produce blue hydrogen, made through steam methane reforming with subsequent carbon capture. This blue H2 will be sold as a fuel to Korean power generators.

CSOP, the first offshore asset manager in China, has listed its WTI Crude Oil Futures Daily (-1x) inverse product on the Hong Kong Stock Exchange today. The financial instrument, mainly invested in WTI future contracts and swaps, already attracted US$5.6 million initial investment.

News in Brief

Cresta to fund Lapis Energy’s CCS projects

Jan 18 – Texas-based Cresta Fund Management has agreed to finance Lapis Energy’s CCS and clean hydrogen projects. The two partners are now looking to identify, design and develop projects for the permanent sequestration of CO2, targeting customers within the heavy industry and petrochemical companies.

GE to repower Long Lake plant

Jan 17 – GE will modernize four generors at the Long Lake hydropower plant in northwest US, operated by Avista Utilities. Once refurbished, the plant will have an installed capacity of more than 100 MW. The first modernized Long Lake unit is scheduled to go into operation at the end of 2024 and the last one in 2029

mtu to power Romania’s largest data center

Jan 14 – mtu Series 4000 gas generators will provide electricity heat and cooling for Romania’s largest data center. ClusterPower is building a 273,000-squaremetre technology campus near Craiova by 2025, where it will host five data centers with a Power Usage Effectiveness (PUE) of 1.1

Green hydrogen from Quebec

Jan 13 – Charbone has agreed to provide the US propane distributer Superior with green hydrogen from its Sorel-Tracy facility in Quebec, Canada, starting from the third quarter of 2022. The hydrogen will be delivered directly from Charbone’s H2 plant to Superior’s customers which include mining, power generation, transportation and industrial energy users. 

Cresta to fund Lapis Energy’s CCS projects

Jan 12 – Texas-based Cresta Fund Management has agreed to finance Lapis Energy’s CCS and clean hydrogen projects. The two partners are now looking to identify, design and develop project for the permanent sequestration of CO2, targeting customers within the heavy industry and petrochemical companies.

US rivals Australia as world’s largest LNG exporter

Jan 11 – Analysts at the US Energy Information Administration (EIA) are confident that the growth in US LNG exports could see America’s liquefaction and send-out capacity exceed that of Australia and Qatar – the world’s two largest LNG exporters. Looking ahead, the EIA expects US exports of the super-chilled gas will rise 17% from 2021 levels to average 11.1 Bcf/d from December through March.

Africa’s first FLNG plant arrives in Mozambique

Jan 10 – Coral Sul FLNG, Africa’s first-ever floating LNG facility has arrived in Mozambican waters. The plant is critical to develop the US$7 billion Coral South project, led by the Italian oil and gas company Eni. Some of the produced gas will be used for power generation in Mozambique, though most will be liquefied and sold to global markets.

GE snaps up Opus One Solutions

Dec 23 – GE Digital has agreed to acquire Opus One Solutions Energy Corp, a Californian software company that helps utilities integrate renewables and Distributed Energy Resources (DERs) at scale across the electric grid. The transaction is expected to close within 30 days, GE stated without disclosing what price was paid for the takeover.

Qatar invests in Rolls-Royce’s nuclear power business

Dec 22 – Qatar Investment Authority, the state’s sovereign wealth fund, has agreed to invest £85 million in Rolls-Royce SMR, the company’s new technology for small-scale, low carbon nuclear power. UK business and energy secretary Kwasi Kwarteng called the investment a “clear vote of confidence” in the UK’s nuclear innovation. It follows £210 million Qatari investment in the development in Small Modular Reactors. Now fully funded, Rolls-Royce SMR business also received £490 million through commercial equity and UK Research and Innovation (UKRI) grant funding. 

JERA helps Japanese film producer curb emissions

Dec 20 – Toho, a Japanese film producer and entertainment company, will get support from the country’s largest power producer JERA to reduce CO2 emission from film production. To that end, JERA will supply zero-emissions energy to Toho and draw up a roadmap to decarbonise the media company as a whole.

Tractebel develop concept to store H2 offshore

Dec 17 – Tractebel Overdick and partners have developed an offshore infrastructure and processing facilities concept that relies on the storage of hydrogen (H2) in offshore caverns. The design study outlines a scalable offshore platform for the compression and storage of up to 1.2 million cubic meters of hydrogen.

Ethatec uses CO2-free power to produce ethanol

Dec 15 – ESG Clean Energy has signed a letter of intent (LOI) with Ethatec to use ESG’s patented CO2-free gensets to its ethanol production. Ethatec uses waste from bakeries and pizza factories which is being crushed and then mixed with water and enzymes and heated in a multi-stage mashing process to saccharify the starch. It is then cooled and fed into fermentation tanks, where yeast is added. for alcoholic fermentation of the sugar. After 72 hours, the mixture is fed to a distillation system where ethanol is obtained.

Anax helps Magellan mine bitcoin under US$12m deal

Dec 16 – Ohio-based Magellan Scientific has entered a long-term accord, worth US$12 million, with Anax Power to generate zero-emission electricity from natural gas flows for Magellan’s distributed data centres, using 500 kW Anax turboexpanders. This green power will be used to lower the carbon-intensity of bitcoin mining and help US interstate pipeline operators and utilities accelerate their net-zero emission goals.

Cryogenic insulation market to top $4.6m by 2026

Dec 14 – The global market for cryogenic insulation is forecast to reach $4,659.85 million by 2026, expanding at an annual rate of 8.76% over the next five years. According to ResearchandMarkets, companies need to keep investing in R&D to deliver more efficient products at a lower cost and improve product durability.

Industry wary about new German energy policy

 Dec 13 – The German industry is closely watching how the new coalition government will implement its clean energy policies.  Security of supply is a major issue given that the coal exit date has been pushed forward by eight years to 2030, while electrification of transport and hard to abate industries is set to push up demand substantially. To decarbonise traffic, over 15 million electric cars are meant to be on the roads by the end of this decade.

ADNOC awards FEED contract to Technip

Dec 10 – Technip Energies has been awarded a Front-End Engineering Design (FEED) contract to integrate carbon capture technology to ADNOC’s Ghasha mega project in Abu Dhabi. The Ghasha Concession is the world’s largest offshore sour gas development, where ADNOC together with Eni, Wintershall Dea, OMV and Lukoil aim to develop up to 1.5 billion cubic feet per day (bcf/d) of natural gas, as well as condensate and oil.

US gas-burn down 3.6% on mild weather

Dec 9 – Natural gas used in the US power sector has fallen by 3.6%, or 1.0 billion cubic feet per day (Bcf/d) over the past week amid mild weather conditions, although industrial sector consumption was up 0.5%, or 0.1 Bcf/d over the same period. Natural gas exports to Mexico increased 3.6%, or 0.2 Bcf/d . Natural gas deliveries to U.S. LNG export facilities (LNG pipeline receipts) averaged 12.0 Bcf/d, or 0.3 Bcf/d higher week-on-week, according to government data.