Berlin-based energy startup Lumenion has presented the pilot of its 2.4 Megawatt-hour (MWh) steel storage system in a housing project in the German capital. The technology allows storing excess renewable electricity in the form of heat (up to 650°C) in steel plates. If required, that stored heat can be converted back into electricity.
The new President of the European Commission, Ursula von der Leyen, has come forward with an ambitious ‘EU Green Deal’ that seeks to outdo the ‘Green New Deal’ proposed by the U.S. Government. The European Green Deal envisages Europe to become “climate-neutral” by 2050, which requires a 55% cut in greenhouse gas emissions by 2030, replacing the current 40% goal.
Two Saudi partners are fast-tracking an integrated LNG regas and 3.6 GW gas combined-cycle power project envisaged to be built at Cox Bazar, Bangladesh. Newly listed Saudi Aramco confirmed it will source and supply the LNG to fuel the CCGT that is being built by Acwa Power.
The December clearing price for carbon emissions under the Regional Greenhouse Gas Initiative (RGGI) scheme has reached a fresh record due to a tighter emission cap. RGGI, the first mandatory emission trading scheme in 10 U.S. northeastern states, has cleared its latest auction at $5.61 per short ton for the 13.1 million tons of CO2 allowances sold.
Shares of Saudi Aramco have spiked after a historic market debut, rising 10% above the initial public offer price. The Saudi government listed a 1.5% stake in Aramco at Riyadh’s Tadawul stock exchange – raising $25.6 billion which gives the oil giant a market valuation of around $1.88 trillion, and liquidity to invest in LNG trading and power gen projects.
GE Power has completed the first upgrade worldwide of a turbine with ALSPA P320 V1 controls – technology originally developed by Alstom – to GE’s new Mark VIe system. The pilot project was carried out at ENGIE’s 770-MW Baymina combined-cycle gas power plant near Ankara.
The latest U.S. Government Short-Term Energy Outlook (STEO) anticipates natural gas production will grow much less in 2020 because of the lag between changes in price and changes in future drilling activity. Low prices in Q3-2019 is likely to reduce gas-directed drilling in the first half of next year, with 2020 output seen average 95.1 billion cubic feet per day (Bcf/d).
Germany’s structural shift towards e-mobility has been largely driven by governmental regulation and less by market forces, Deutsche Bank criticized. Without subsidies, e-cars are “still a niche”, analysts said, noting the technology is “a very expensive way of avoiding carbon emissions.”
Gas-fuelled, cryogenic barges – designed by the Canadian naval architect Robert Allen and Hidrovias do Brazil – will be used to transport LNG to remote locations in northern Brazil. The first project benefiting from the solution will be the 1.67 GW Vila-do-Conde gas-fired power plant in Baracena, in Brasil's northern state of Pará.
RUE Vitebskenerg, a Belarusian state utility, has contracted Siemens to deliver the power generation equipment for two new peaking power stations. The new open-cycle gas turbine (OCGT) plants will be dispatched in connection with the existing Lukomlskaya and Novopolotskaya power plants in northern Belaurs and are due operational by the end of 2021.
Efforts to develop Vaca Muerta, Argentina’s vast shale reserves in northern Patagonia, have slowed as national energy companies await direction from the incoming President. Alberto Fernández, who will take office on December 10, has yet to decide whether to keep focused on pushing up domestic oil and gas production and LNG exports.
Highview Power is about to switch on the world’s first cryogenic, or liquid air, energy storage at a decommissioned thermal power station in the north of England. Provided developers can secure a stable, contracted return, the 50 MW/250 MWh CRYOBattery will start operation by 2022.
Prices for Australian thermal coal remain on a downward trajectory amid oversupplied global markets and tepid demand – not least due to Europe’s rapidly falling coal-fired power production. In Asian markets, lower coal imports from South Korea and Taiwan adds further to the supply overhang, Morgan Stanley Research finds.
Three days ahead of the UK General Election on December 12, the Shadow Chancellor John McDonnell has pledged the Labour Party would kick-start the process of re-nationalizing Britain’s power and water companies within the first 100 days upon assuming office. Several UK utilities have already moved part of their ownership offshore to protect their assets.
Göteborg Energi and Siemens will jointly test new turbines that enables the use of renewables fuels at the Rya combined heat and power (CHP) plant, which is currently powered by natural gas. As a first step, an SGT-800 test turbine was installed at the plant to validate 3D-printed burners that can run on various fossil-free fuels.