American power equipment manufacturer Emerson Process Management has upgraded the Oviation control systems at EnergyWorks' combined heat and power (CHP) plant in Cartagena, Spain, completing the migration project during a 10-day scheduled outage without interrupting the supply of steam to a neighbouring factory.
US electric utilities can reduce their costs, risks and losses by investing in small-scale fast-ramp combined heat and power (CHP) plants "in a piecemeal fashion" at strategic locations to help mitigate supply constraints to the power grid at times of peak demands, suggests Anna Chitum, senior policy analyst at American Council for an Energy-Efficient Economy (ACEEE).
Profit margins in the European power market "will not recover in the foreseeable future," the Swedish utility Vattenfall said today when announcing a €3.5 billion write-down and a split of business operations into Nordic and continental European segments as of 1 January 2014.
Electricity prices in Long Island, New York have surged to record highs of up to $850 per megawatt hour (MWh), accelerated by demand for air conditioning brought on by temperatures as high as 97 degrees. New York City exceeded its 33,939MW all-time peak in power demand, reaching 34,600MW on July 19, the US Energy Information Administration (EIA) said in its latest North-eastern Summer Electricity Market Alert.
Germany's second largest utility RWE gears up to save "at least €500m per year" in costs at its power generation unit, in a move aimed at balancing losses incurred from falling wholesale power prices and reduced run-time hours of its fossil power plant fleet.
With European power prices caught in a downward spiral, utilities like Franco-Belgian GDF Suez or Germany's EnBW, E.on and RWE will resort to "more capacity closures", forecasts JP Morgan Cazenove.
As part of a 'smart grid' feasibility study, energy storage company ITM Power has launched an upgrade to its hydrogen-producing HGas electrolyser on the Isle of Wight, UK to allow more solar and wind power to come on the grid safely. Sponsored by the UK government, the study examines how HGas electrolyser units produce hydrogen gas from surplus renewable power that utilities can sell as fuel to natural gas consumers and power plants.
Japan's Prime Minister Shinzo Abe has won a majority in the upper house, ending a political stalemate as he now controls both houses of parliament. The reshuffle paves the way for Japan to return to nuclear power, in a move poised to curb LNG imports and reduce the share of gas for power generation.
A heat wave in North Asia has spurred LNG demand for power generation amid rising use of air conditioning, with buyers rushing to increase gas inventories to cover summer spot requirements.
Nasdaq-listed Global Power Equipment Group (GLPW) has won an order worth $4million (25 million renminbi) to supply intake systems for the two unit Gaoantun power plant, located near the Chinese capital Beijing.
GDF Suez Energy North America has awarded Alstom a long-term service contract worth $480 million to enhance the flexibility of its power plant fleet in the US.
Japanese telecoms and energy provider SoftBank Group and American fuel cell producer Bloom Energy have formed a 50/50 joint venture, Bloom Energy Japan, to start selling distributed installations for base-load power. Bloom Energy Servers are based on gas-fired solid oxide fuel cell (SOFC) stacks, with a net base load power output of 200kW.
News in Brief
B&W wins $13m new contracts in North America
Feb 25 – The thermal segment of Babcock & Wilcox has been awarded several energy-related projects in North America, worth approximately $13 million, as the market strengthens and projects continue to restart following delays in 2020 due to the impact of the coronavirus crisis.” We’re seeing customers now moving forward with necessary work that had been previously put on hold. The recent inclement weather also has forced higher loads within the utility sector and we anticipate stronger demand for parts and services going forward,” said B&W Chief Operating Officer Jimmy Morgan.
PIC Group to service 1.1 GW Hummel Power Station
Feb 24 – Atlanta-based PIC Group has been awarded an Operation and Maintenance (O&M) contract for the Hummel Power Station, a 1,124 MW combined-cycle plant operated by LS Power Group. Situated in Shamokin Dam, Pennsylvania, the CCGT is equipped with three SGT6-5000F gas turbines, one SST6-5000 steam turbine, three SGen6-1000A air-cooled generators and one hydrogen-cooled SGen6-2000H generator.
Duke Energy claims natural gas is cheaper than energy storage
Feb 23 – Duke Energy Progress and Duke Energy Carolinas have both indicated in their latest integrated resource plans (IRPs) they view battery storage as potentially more costly than proven gas-fired generating technology. Market observers noted, however, that Duke’s estimates peg the capital costs of a 50 MW/200 MWh energy storage plant at $347 per kWh —far higher than the cost of units that entered commercial service in 2020, as per Lazard data.
EU emission rules could herald end of combustion engine
Feb 22 – Future EU emission rules for cars could mean the abrupt end of combustion engines and put many jobs at risk, the German engineering federation VDMA has warned in a position paper. The use of efficient combustion engines is “still important” – both for vehicles and small generators –VDMA President Karl Haeusgen stressed, especially since these engines can be operated in a climate-neutral manner with synthetic fuels or hydrogen.
Saudi cement producer renews Wärtsilä O&M deal
Feb 19 – The Saudi Arabian cement producer Umm AlQura Cement has signed a five year Operation and Maintenance (O&M) agreement with Wärtsilä for the customer’s captive power plant in Taif City. The 47 MW plant operates with five Wärtsilä 32TS engines. The initial three year maintenance agreement was signed in 2015, and thereafter renewed once.
Gazprom expands Sakhalin–Vladivostok gas pipeline
Feb 18 – The Russian major Gazprom is expanding the Sakhalin – Khabarovsk – Vladivostok gas trunkline at the section between Komsomolsk-on-Amur and Khabarovsk. More than 315 kilometers, or three quarters of its overall length, has been welded to date. Gazprom’s 2021-2025 investment programme will total RUB 5.49 billion ($70 million) – more than three times he money spent in 2016–2020. Planned projects include 14 inter-settlement gas pipelines, 9.3 kilometers of gas pipeline branches, and six gas distribution stations.
Enstor closes sale of Waha gas storage
Feb 17 – Houston-based Enestor Gas has completed the sale of its Waha Gas Storage assets in northwest Texas to WhiteWater Midstream. Waha Gas Storage assets have the capacity, when fully developed, to store approximately 10 Bcf of natural gas and include six underground caverns and permits for five additional caverns.
Technip Energies listed in Paris
Feb 16 – Today, Technip Energy has been listed at Euronext’s regulated market in Paris. CEO Arnaud Pieton said the company’s mission is to “serve the energy transition” through its leading position in LNG, hydrogen and ethylene. As growth areas, he singled out sustainable chemistry and CO2 management.
US renewable energy share to double by 2050
Feb 15 – The U.S. Energy Information Administration (EIA) projects that the share of renewables in the U.S. electricity generation mix will increase from 21% in 2020 to 42% in 2050. Wind and solar generation are responsible for most of that growth, while nuclear and coal-fired generation decrease. The share of gas-fired generation will remain stable even though gas prices remain low at an estimated $3.50 per MMBtu, according to EIA projections.
Nikkiso to build electric-mechanical actuators
Feb 12 – The clean energy arm of Nikkiso Cryogenic Industries has bought the intellectual property to manufacture electric-mechanical actuators (EMA) and control panels. Coupled to a cryogenic pump, the system works without gearbox which reduces the size of these vertical pumps frequently used in the oil and gas industry.
Europe’s hydrogen projects outnumber current plants
Feb 11 – The number of hydrogen projects across Europe is almost double that of operational electrolysers as demand for the clean fuel is rising fast. According to research by DLA Piper and inspirata, there are 192 planned or announced hydrogen projects in Europe compared to 107 currently operational ones.
NTE to develop 5 GW clean energy projects
Feb 10 – Florida-based NTE Energy is working with investment partners to develop 1.2 GW of solar and 3.9 GW of battery energy storage systems (BESS) next to thermal power plants. “By co-locating renewable projects with thermal generation, we can offer customers access to affordable solar power options backed up by reliable natural gas,” said Steve Remen, NTE managing director. The company aims to bring 4 GW of its proposed clean energy projects into commercial operation by 2026.
Oil price bounces back
Feb 9 – The price of crude oil has recovered to pre-pandemic levels, after plunging to an all-time low last year. Brent crude oil prices for the front-month April were last seen trading at nearly $61 per barrel, while West Texas Intermediate (WTI), the benchmark for US oil, has risen above the $58 a barrel mark for the first time in over a year.
Equinor VP named co-chair of OGUK board
Feb 8 – Arne Gürtner, Senior Vice President UK & Ireland Offshore at Equinor has been appointed to co-chair the Oil & Gas UK board, as the sector strive to recover while meeting its net-zero targets for 2021. He will be working with Phil Simons, VP North Sea & Canada, Subsea 7.
Enagás to tap wind power for hydrogen
Feb 5 – The Spanish utilities Enagás and Naturgy are evaluating the potential of producing hydrogen from a 250 MW floating off-shore wind farm and a 100 MW on-shore wind farm in Asturias. The project is hoped to generate more than 1500 jobs during construction and operation, with developers applying for funding under the IPCEI scheme.
Turboden wins contract in the Philippines
Feb 4 – Italy-based Turboden, part of Mitsubishi Heavy Industries, has been awarded a contract by the Philippine utility EDC to supply a 20 MW geothermal power plant at Bacon-Manito, on the island of Luzon. The zero-emissions power unit is scheduled to start operations before the end of 2022, and will help lower the local grid’s dependence on fossil energy source.
DNV GL streamlines energy businesses
Feb 3 –Norwegian-German classification society DNV GL has combined its current Oil & Gas and Power & Renewables business. The new ‘Energy Systems’ unit employs over 4,000 experts as of February 1, 2021, providing certification, advisory and digital monitoring services across the entire energy value chain. By combining its expertise, DNV GL said it is “better equipped to support clients in tackling the energy transition.”
