Siemens and Chronicle, an Alphabet company, have partnered to monitor the energy industry’s critical infrastructure and protect it from cyber threats. The offering will leverage Chronicle’s Backstory platform and Siemens’ strength in analytics and artificial intelligence to give customers operational insights on malware targeting industrial and power plants.
Infigen Energy, an Australian listed renewable energy developer, has surprised market observers by announcing it will buy a 159 MW gas peaking power plant in New South Wales. The utility claims the Smithfield gas peaking plant will serve as a backstop, and allow it to invest in “up to 400 MW more cheap renewables.”
Doosan Heavy Industries & Construction Co. has agreed to cooperate with the American private energy firm Midland Cogen Venture (MCV) on gas turbines, renewables and hybrid combined-cycle gas power and energy storage solutions. The aim is strengthen Doosan’s position in the U.S. market for gas turbine aftermarket services.
Japanese LNG imports notched up 0.3% in April, after dropping for five straight months over slowing demand for thermal energy as the restart of nuclear reactors progresses and coal outcompetes regasified LNG on price. Nine of Japan's 54 nuclear power stations were re-started last month, although only seven are currently operating.
U.S. micro-turbine manufacturer Capstone has been awarded two patents to expand its use of high-fame speed fuels, such as hydrogen. CEO Darren Jamison said the patents will help Capstone develop new fuel types for its C65 Signature Series product line.
Indian imports of LNG increased 9.75% in April, spurred by a drop in the costs of shipment and tepid demand from the power sector. Demand is bound to rise further if the Government will allow power plants running on regasified liquefied natural gas (RLNG) to sell electricity into the higher-priced spot market.
Russia’s Federal Agency for Mineral Resources has approved Gazprom’s latest gas discoveries on the Yamal Peninsular, the Dinkov and Nyarmeyskoye fields, containing over 500 Bcm of proven reserves combined. The finds underpin Gazprom’s plans to produce up 360 Bcm/y from its 32 fields in the region, with most of the volume designated for export through the Nord Stream pipeline.
Accelerating its green energy transition, Xcel Energy has announced plans to retire its last coal power plants in the Upper Midwest a decade earlier than scheduled. Instead, the utility will expand renewables and operate its Monticello nuclear plant until at least 2040.
GE Power has been awarded a contract from Kiewit Power Constructors, the EPC contractor for the Indeck Niles Energy Center in Michigan, to supply and integrate two 7HA.02 gas turbines into the 1 GW project. Indeck Energy Services, the developer of the project, seeks to get the CCGT into full commercial operation in 2022.
Singapore’s big three banks – DBS Group Holdings (DBS), United Overseas Bank (UOB) and the Oversea-Chinese Banking Corporation (OCBC) have each announced they are ceasing financing for new coal-fired power plants. With this move, the banks accelerate the region’s fuel switch to natural gas. Echoing an initially largely European phenomenon, the latest Asian financial exodus highlights growing regional concerns with stranded coal power asset and air pollution.
Philippine’s state utility FirstGen, together with Tokyo Gas, is developing a LNG import terminal in Batangas at a cost of over $1.2 billion. The imported regasified LNG will substitute depleting domestic gas supply for the nearby 1,000 MW Santa Rita Power Plant, the 500-MW San Lorenzo Power Plant, the 414-MW San Gabriel Power Plant and the 97 MW Avion Power Plant. Finalizing the EPC tender process, FirstGen is choosing between Fluor and JGC of Japan.
Co-developers GE Energy Financial Services, Sumitomo Corp and a consortium of Japanese banks including JBIC have agreed private-public co-financing of $1 billion for the 1.8 GW Hamriyah Independent Power Project. It will be Sharjah’s first gas IPP and is due operational by summer 2023.
Heat ReCycle technology, just launched by Siemens and Turboden, combines the simplicity of the ORC technology and the proven performance of gas turbines. The solution is applicable for decentralized power plants in the range up to 100 MWe. It helps recover the waste heat to reduce operating costs.
YPF, Argentine’s state-run oil and gas producer, is seeking to sell a partial cargo from its Tango floating liquefaction unit at Bahia Blanca in a first step to turn the country into a major shale gas exporter. Growing production from the Vaca Muerta shale gas play is meant to cover domestic demand and leave a surplus for export.
Stockpiles of thermal coal in the United States have fallen to the lowest level in a decade as more and more coal-fired power plants retire and the lost capacity is being replaced with gas-fired plants and renewables. Coal stockpiles decreased to 98.7 million tons in February 2019, their lowest value in more than a decade, and the EIA expects them to remain relatively low for the rest of this year.