Belgian start-up Tree Energy Solutions (TES), co-developer of the German North Sea LNG import project at Wilhelmshaven together with E.ON, has launched an open season to gauge interest. The regas terminal will initially import LNG to wean off Germany’s dependence on Russian pipeline gas before switching to green hydrogen imports from 2030.
Long Ridge Energy Terminal in Ohio, home to a 485 MW combined-cycle power plant, is where a GE HA-class gas turbine has for the first time been co-fired with hydrogen in a commercially operating generator. Following the completion of blending tests, the CCGT is now partially running on hydrogen produced as a by-product at a nearby industry.
Three Japanese energy majors – ENEOS, JERA and JFE – strive to set up a hydrogen and ammonia receiving and supply base at Keihin waterfront in Kanagawa Prefecture in the greater Tokyo area. Hydrogen and ammonia emit no CO2 during combustion so both fuels will be used at scale to clean up power generation and petrochemical processes.
Rapid industrialisation across Asia Pacific and a trend to decentralized power is driving demand for modular and fuel-flexible reciprocating gas engines. Global Markets Insights expects the industry will reach a market capitalization of $34 billion by 2028, up from currently $27 billion.
Skyrocketing energy and food prices have pushed up UK inflation to 7% in March – the highest for 30 years – and analysts say it is on track to reach 8% this month. Germany was hit by a 7.3% rise in inflation in March as energy prices soared nearly 40% year-on-year, prompting the government to grant state aid to selected companies.
High gas prices, combined with electricity supply imbalances due to coal plant closures and a strong rebound in demand are propelling up power prices. Fitch Ratings expects prices will soar to well above €200/MWh in some major European markets, vs €120/MWh on average last year and a slight drop in prices is deemed unlikely before 2023.
Mitsubishi Power Aero has agreed to supply Houston-based Life Cycle Power with five FT8 MOBILEPAC areo-derivative gas turbine units, adding 155 MW capacity to the utility’s power gen fleet. The multi-fuel 31 MW mobile gensets are dispatched for emergency power, providing disaster relief during extreme weather events like the 2021 polar vortex.
NGK Insulators has started a trial project in April together with Ricoh to track the charging and discharging of surplus renewable energy in batteries. The tracking system will be tested at Japan’s regional utility Ena Electric Power with the aim of building a system that allows for solar power to be shared, stored and traded.
Markus Söder, premier of the southern German state of Bavaria, propagates the use of hydraulic fracking to extract more domestic gas to accelerate the shift away from Russian imports. But economy minister Robert Habeck opposes lifting a ban on fracking and favours a shift to hydrogen instead.
Senegalese utility Malicounda Power has contracted Wärtsilä to guarantee stable performance of its 130 MW Meclec plant south of Dakar for ten years, once commissioned in June. The Flexicycle plant, powered by seven Wärtsilä50 engines, will undergo regular maintenance and get spare parts as well as heat rate & power output guarantees after major overhauls.
Fitch Rating says recent higher LNG netbacks in Europe compared to China make shipments and cargo diversions “more competitive” as the EU wants to reduce its dependence on Russian gas imports by two-thirds by year-end. Tight markets will keep prices high, analysts reckon, as more capacity will come onstream “only in the medium term.”
NeuConnect, the first power link between Britain and Germany, will be equipped with High-Voltage Direct Current (HVDC) transmission from Siemens Energy. With 1.4 GW bi-directional capacity, the privately funded interconnector will supply electricity – mostly from offshore wind farms in northern Germany – for up to 1.5 million homes, once completed in the mid-2020s.
Chemical and energy giant INEOS has written to the UK government offering to develop a shale test site to prove gas production through fracking is “safe and secure.” The offer comes as Britain seeks to bolster its energy independence by expanding nuclear and offshore wind power as well as domestic oil & gas production in the North Sea.
Italy’s Prime Minister Mario Draghi is traveling to Algeria today to sign a new gas supply deal as Rome strives to lower its dependence on Russian energy. Deliveries through the Trans-Mediterranean Pipeline are expected to be increased by 4 bcm per year at the most, adding to the 21.2 bcm of Algerian gas exported to Italy in 2021.