South Korea coal-fired power plants will be mandated to meet a new 0.4% sulphur limit in coal consumption, effective from July 2018. The new law is meant to diversify the energy mix away from fossil power sources but WoodMackenzie analysts warn the new policy will push up the cost of power generation, impacting on electricity prices.
Swedish battery developer Northvolt, founded 2016, has entered a technology partnership with Siemens to jointly set up the first large-scale lithium-ion battery cell production in Europe. Siemens will support the venture through a €10 million investment that helps digitalize Northvolt’s value chain from the design of the battery cell to production and services. Once completed in 2020, Siemens intends to purchase batteries from the factory by making Northvolt a preferred supplier.
Canada’s current policies, combined with energy efficiency investment, could deliver final energy savings of 1.9% per year on average through 2050, the International Energy Agency (IEA) finds. Sectors with the greatest energy savings potential would be buildings (28%), followed by transport (25%), oil and gas extraction (21%) and industry (12%).
Canada, the largest energy trading partner of the United States, consistently exceeds the value of U.S. energy exports to Canada by a large margin. According to EIA figures, energy accounted for $73 billion, or about 24%, of the value of all U.S. imports from Canada in 2017, while Canada merely imported energy worth $18 billion from its southern neighbour.
Dirty king coal is no longer vital for Germany’s security of power supply. In fact, about half of the country’s coal-fired power generation capacity could be shut down over the coming years if planned grid extension and the additional gas-fired plants start operating according to schedule, said Jochen Homann, head of the German energy regulator.
Bonaire in the Caribbean and the Faroe Islands in the North Atlantic: these two self-sustaining islands are setting standards in integrating renewable energy sources, supported by MAN Diesel & Turbo gensets. On the Faroe Island, four MAN 9L51/60 four-stroke engines are being installed to expand the existing Sund power plant near the capital Tórshavn.
Deployment of electric vehicles so far has fallen short of expectations hence penalizing policy measures, like London’s new Emissions Surcharge, or T-Charge, have been introduced to spur growth. Penalising offending vehicles is one part of the solution, finds Jacob Klimstra, Senior Energy Consultant and Member of the Advisory Board for Electrify Europe. He highlighted plans by the Dutch government for all new cars to be zero-emissions vehicles by 2030 – others, including Paris, are already following suit.
The hype about electric car is not really translating into sales. Hybrid electric, plug-in hybrid electric, and battery electric vehicles have been sold in the United States as alternatives to conventional gasoline vehicles for a number of years, but their market share from 2012 through 2017 remained below 4% of total light-duty vehicle sales, even as the number of available models increased from 58 to nearly a hundred.
U.S. oil major ExxonMobil has set its first company-wide targets to reduce emission from operations across the gas value chain. The aims is to reduce methane leaks by 15% and gas flaring by 25% by 2020, and Exxon said it has started to deploy new equipment at it upstream and midstream operations to reach these goals.
Siemens has opened a new competence center for digital precision in industrial 3D printing, the Additive Manufacturing Experience Center (Amec), on its campus in Erlangen, Germany. Amec targets machine builders, power plant operators and companies who use additive manufacturing to design and construct workpieces. Digitalization hereby plays a central role.
Technology of battery-based energy storage has matured and industry stakeholders in some regions of the United States have gained experience financing, procuring, and operating power storage installations. Lithium-ion chemistries batteries currently make up 80% of large-scale U.S. power storage, and most of the capacity is being installed in California followed by the Pennsylvania-New Jersey-Maryland Interconnection (PJM).
Just days after NTE Energy inaugurated its $645 million Middletown Energy Center in Ohio, the utility confirmed it will invest more than $1 billion to develop the 1,000-MW Anderson County Energy Center in South Carolina. Florida-based NTE hailed the 525-MW Middletown combined cycle facility as among the most efficient gas-fired power plants in the United States. The plant’s operation commenced on May 21, some 31 months after construction began.
Mexico, the largest buyer of US pipeline gas and LNG, is preparing a tender for strategic storage at depleted oil and gas reservoirs. Cenagas, the Mexican National Natural Gas Control Centre, has already selected four underground sites – Acuyo, Brasil, Jaf and Saramako – from a list of 15 proposed sites. Registering strong bidding interest from foreign players, the Mexican Energy Secretariat (Sener) will hold the tender in September 2018.
The United States has remained the world's top producer of petroleum and natural gas, reaching a record high output in 2017. Petroleum production surged by 745,000 barrels per day (b/d), driven by a 21% increase in oil prices to approximately $65 per barrel by the end of last year, and as of late oil prices keep rising.
Though the Pakistani government hailed the sudden surge in power production and supply, load-shedding still persists and cripples the local industry. Electric power supply jumped 48% to over 10,135 GWh in April, a substantial rise compared with 6,879 GWh in April last year, flowing the startup of three RLNG-fuelled power plants in Punjab province.