Daily News

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.

News in Brief

Energy storage for LNG-powered vessels

Oct 21 – Louisiana-based Harvey Gulf has asked Wärtsilä to retrofit its energy storage system (ESS) on four LNG-fuelled platform support vessels. Once upgraded in early 2022, all vessels will be of full tri-fuel operation.

Mott McDonald starts construction on ALCP6

Oct 20 – US construction firm Mott McDonald has started building the ALCP6 waste to energy project in Krabi province, southern Thailand. The plant will incinerate 144,000 tonnes per year of municipal solid waste, and the heat obtained will be converted into 6 MW of electricity to be exported to the Thai national grid.

Brace for EU sustainable finance rules

Oct 19 – Sustainable finance practices, drawn up by the European Commission, could create a "bureaucratic monster" that smaller companies and energy investors would find overbearing, the Munich-based Institute for Economic Research (ifo) warned. The regulation should hence prioritise closer scrutiny of large and listed companies.

UK could become net power exporter

Oct 16 – Increased interconnection could provide a route for excess offshore wind power in Britain to be consumed elsewhere in Europe. National Grid Interconnector Register shows up to 16 GW of interconnection could be operational by 2025 and up to 25.4 GW by 2030.

Wärtsilä to deploy GridSolv in US city

Oct 15 – AEP OnSite Partners has contracted Wärtsilä to deploy its GridSolv Quantum energy storage in the city of Martinsville, Virginia. The system includes an UL9540A limiting 2-hour battery firewall and will help lower the city’s energy costs.

Rolls-Royce spends $13.9m in Mankato

Oct 14 – Britain’s engine maker Rolls-Royce has decided to invest nearly $14 million in its Power System business to build a new R&D centre at its MTU manufacturing plant in Mankato, Minnesota, US. The expansion will see 28,000 square foot added to the facility’s existing hall, making room for the production of high-power MTU gas gensets, enhanced product testing and the creation of 20 new manufacturing positions.

Clarke commissions Vitalait power unit in Tunisia

Oct 13 – Clarke Energy and INNIO Jenbacher have completed the commissioning of an onsite power plant of a milk producer in Tunisia. The installation of another Jenbacher gas engine has increased the plant’s output to 4 MW of electricity as well as 1,100 kW of hot water and 800 kW of steam.

Secondary battery market to top $55bn

Oct 12 – Technavio expects the secondary battery market to grow by $55.62 billion through 2024, rising at an 11% rate over the forecast period. Falling costs for lithium-ion batteries as well as growing demand in Asia Pacific allowed the market to grow 2.01% this year, despite adverse effects of the pandemic. Top battery suppliers are Tesla, Clarious, Exide, LG Chem, GS Yuasa and Samsung.

Shift to sustainable tech

Oct 9 – Three quarters of utilities, surveyed by EIT InnoEnergy, are considering adopting sustainable technology over the next 12-18 months. However, over one third of the respondents found it hard to recruit the skills they need.

Generator rentals slow

Oct 8 – The rental market for power generators has slowed down due to the pandemic, with genset rentals from the oil and gas industry forecast to grow by just $153.87 million this year. However, Technavio expects the market will return to a 3% annual growth rate by 2024.

GE upgrades Italian CHP

Oct 7 – GE has completed an axial fuel staging upgrade on its 9E gas turbine at an onsite combined heat and power (CHP) plant at the Milazzo refinery in Sicily. The entire electricity needs of the refinery, over 780 GWh in 2019, will soon be supplied by the upgraded and more flexible gas turbine.

Operating assets ‘from anywhere’

Oct 6 – GE Digital’s latest software gives electric utilities remote and mobile control over their power stations for remote start-up, external monitoring and operational fine-tuning. The goal is to safe cost through autonomous operation from any location.

Chart wins order from New Fortress Energy

Oct 5 – Chart Industries has secured a second leasing order, worth $7.7 million, for ISO containers for LNG applications from New Fortress Energy for a project in the Caribbean. The US equipment maker sees double digit near-term growth in its repair, service and leasing business, notably from growing demand for LNG equipment for infrastructure.

Siemens energises Togo

Oct 2 – Siemens Energy has delivered a SGT-800 gas turbine and other components for the Kékéli Efficient Power plant project. Located in the Togolese capital Lomé, the 65 MW plant will cover almost 40% of country’s expected electricity demand.

Batteries get cheaper

Oct 1 – Cost for battery production is falling rapidly as manufacturers bring large Gigafactories on-line. By 2030, Bloomberg New Energy Finance anticipates battery pack prices to drop to $73 per kilowatt-hour, down from a current volume-weighted average of below $270/kWh.

Barclays may help fund Rolls-Royce

Sept 30 – UK’s prime engine maker Rolls-Royce is understood to be close to getting fresh financing from Barclays Bank. The Derby-based company, however, insists no final decision has been taken on the precise amount that may be raised or any allotment of shares to any investor.

Petronas to truck LNG to off-grid users

Sept 29 – Petronas Dagangan Group is gearing up to build a LNG truck delivery service for off-grid customers in Peninsular Malaysia. Trucks fitted with cryogenic tanks will bring the super-chilled fuel to remote industries and small-scale power generators with no access to the natural gas grid. Malaysia’s Peninsular Gas Utilisation (PGU) pipeline is only 2,500 kilometers in length and was initially built to export gas to Singapore.

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