Swiss software maker, Coresystems, has raised €11.3 million in a first round of funding for its iPad app technology that simplifies the inspection of gas-fired power plants and other industrial processes. The funding has come from a consortium of private Swiss and German technology investors, including ex-SAP board member Peter Zencke.
Natural gas is the cheapest and most widely used fuel in Russia, exceeding 70% of the of fuel balance of thermal power producers in Russia. However, regulated prices distort the generating mix, GCE-Group president and CEO Aleksander Moskalenko warned regulated prices distort the market and pose a risk to security of energy supply.
Struggling to reign in losses in its Spanish home market Gas Natural Fenosa (GNF) has set out a strategy for post-2015 growth, focussing on midstream LNG, downstream gas distribution, and international electricity generation mainly in South America.
Tennessee based manufacture and service company, Clarcor has agreed to acquire GE's air filtration business for $265 million. The GE unit currently generates trailing 12 month revenues of approximately $230 million and has over 700 employees worldwide.
Up to 30 gigawatts of Japan’s mothballed nuclear power plants are expected to restart in 2014, displacing demand for natural gas power. “The power companies have actually already applied to restart 12 reactors with a total capacity of 11.2 GW, and others will come up over the next year or two no doubt,“ says Niall Trimble, managing director of the Energy Contract Company.
Lookheed Martin has developed technology to harnesses differences in sea temperature to gasify liquid and power a turbine at the surface. Together with Reignwood Group it has started to design a 10 MW pilot project which will be the world's largest Ocean Thermal Conversion (OTEC) power plant.
Unable to capitalize on a high level of coal-fired power plant outages, the utilisation of gas power plant assets in the U.S. fell 14% in October compared to last year due to lower electricity demand and higher supply of nuclear and renewable energy, a Genscape study finds.
Siemens eyes bidding for power plant tenders in Malaysia as it aims to secure projects similar to the installation of two H-class turbine at the TNB Prai combined cycle plant.
The design of capacity mechanisms, if introduces on a national level, should be drawn up "with a European perspective in mind", the European Commission said in a non-binding guidance paper on renewable support and capacity remuneration.
U.S. courts have heard initial complaints against Consumers Energy, the public utility behind plans for a new-build 700MW gas power plant in Thetford, Michigan stating that it has moved ahead based on 'flawed' data. The utility is accused of choosing to approve its own $750 million construction project even after competitors had offered to sell electricity at lower rates or even divest existing plants.
Policy makers in the U.S. have cast doubt over the technological readiness of carbon capture and sequestration (CCS) to provide a future for coal fired-power as it faces tougher emissions control from Environmental Protection Agency's (EPA) regulation. The Environment and Energy Subcommittee of the House of Representatives held a joint hearing this week to discuss the role of CCS but participants were largely doubtful that current technology could meet demand.
Polish energy utility PGE GiEK has awarded Siemens a turnkey contract to build a 138 MW combined heat and power (CHP) plant in western Gorzów, Poland. The plant will cost an estimated €160 million and is one of a number of projects under construction to tap into the estimated 148 trillion cubic feet of Polish shale gas reserves.