GE is betting on a 25-year super-cycle of natural gas generation, underpinned by cheap shale gas supply, hence the company heavily invests to increase this side of the business, says Paul Browning, President and CEO of Thermal Products, GE Power & Water.
Improved combustion technology at Alstom's GT 26 gas turbine can cope with an expanding range of fuel compositions while maintaining emissions and reliability, says Alexander Bill, Service Manager at Alstom's Power Division.
Doors are opening to POWER-GEN International at the Orange County Convention Centre in Orlando, Florida, today. More than 20,000 attendees are expected to visit the exhibition and attend conference sessions.
OMV, Austria's largest utility, is ready to take financial investment decision (FID) for building a gas-fired power plant in Bavaria, provided capacity markets are introduced to guarantee a stable rate of return.
The U.S. Department of Energy's Advanced Research Projects Agency (ARPA-E) will grant Pratt & Whitney Rocketdyne funding worth $5 million for three cost-sharing projects set to improve efficiency and reduce costs of gas turbines in commercial-scale power plants.
Coal generation will regain ground from gas in the US power sector in the coming year leaving less coal available for export to Europe and Asia, investment bank Barclays Capital forecast.
Flexible rather than conventional gas generation could save Britain between £380 million to £550 million by 2020 and up to £1.54 billion by 2030 alone through reduced balancing costs incurred by National Grid, research commissioned by Wärtsilä through Redpoint Energy and Imperial College London shows. The modelling is based on replacing 4.8GW of conventional CCGTs with 4.8GW of gas-fired Smart Power Generation.
The launch of capacity markets may come too late, the Department of Energy and Climate Change (Decc) has acknowledged, and decreasing generation margins are threatening Europe's energy trading market. "Decc may well find that once they intervene, find they have to intervene again which causes the risk that we will go back to a regulated energy market," says Jim Fitzgerald, associate partner at The Advisory House.
E.ON, Germany's largest utility by market value, will take legal action before December 20 against Germany's energy regulator BNA over compensation levels for power plant re-dispatch, it confirmed today.
A 'dash for gas' scenario, unveiled by UK Chancellor George Osborne as part of the Gas Generation Strategy, may threaten the country's climate targets, critics warn. As one of three proposed scenarios, the 'dash for gas' case calls for 37 GW of new gas-fired power plant capacity, or up to 40 plants, by 2030 and implies a rewrite of a draft law that sets out Britain's carbon emissions reduction goals by the mid-2020s.
Prospects of a carbon floor price, introduced as part of the UK Electricity Market Reform (EMR), could render coal uneconomic compared with gas generation which may led to plant closures, says David Brewer, director general of the confederation of UK Coal Producers (CoalPro).
Profitability of new-build gas fired power plants in Germany hinges on selling district heating; hence dispatch of two projected combined heat and power (CHP) plants in Cologne and Düsseldorf will be driven by heat rather than power production, operators confirm.
Coal-to-gas substitution in the US power generation sector is set to decline amid a rise in natural gas prices beyond 2012 levels. Prices for gas delivered to power plant operators during 2013 will average about 22 percent higher than during 2012, while the average cost of delivered coal will go up only 1 percent, the US Energy Information Administration (EIA) forecasts.
The resemblance between Montana, a state in north-western United States and European countries like Spain, Denmark or Germany is striking.
"What we are seeing in Montana and also here in Europe is that our FT8 SWIFTPAC aeroderivative gas turbines are being used to maintain adequate power flows in the grid to counterbalance fluctuating wind energy," says Swift Tarbell, Pratt & Whitney Power Systems Area Director for Europe.
E.ON has bought Verbund's stake in the Turkish utility Enerjisa in a move to gain access to power generation capacity and electricity distribution in the fast-growing Turkish energy market. The transaction will provide E.ON with an platform for growth beyond its existing European markets, E.ON chief executive Johannes Teyssen said today.