Australia’s AGL Energy has decided to defer the mothballing of two old gas-fired units at its 1,280 MW Torrens Island Power Station near Adelaide in a bid to meet peakload demand this summer. In a regulatory filing, AGL said the two fast-ramp gas units are meant to compensate for one faulty coal block at Loy Yang-A Power Station in Victoria.
LEAG, East Germany’s largest lignite miner and electric utility, has embarked on a 53 MW lithium-ion battery project which will be built next to the company’s Schwarze Pumpe lignite power plant. The so-called BigBattery project is supported with 25 million Euros by the state of Brandenburg.
Mitsui O.S.K. Lines (MOL) is getting ready to deploy a floating storage and regas unit (FSRU) offshore Hong Kong to supply regasified LNG for the 2.5 GW Black Point and 3.7 GW Lamma Island Power Stations from 2021. The LNG cargoes will be delivered by Shell Eastern Trading.
Energy use of crypto-currencies – bitcoin in particular – has been criticized as 'unsustainable' although estimates are wide-ranging at 20‑80 Terrawatt-Hours (TWh) annually. Through the first six months of 2019 bitcoin mining consumed some 29 TWh, up significantly from around 45 TWh in 2018, the International Energy Agency (IEA) finds.
Some 43 MAN gas engines – installed at EDF-run power plants on the French islands of Reunion, Martinique, Guadeloupe and Corsica – have surpassed the symbolic mark of one million hours’ running time. The record was reached at four power plants built by MAN between June 2012 and April 2015 on behalf of EDF Production Électrique Insulaire.
MODEC’s latest floating production, storage, and offloading vessel – the ‘Eni Mexico Area 1 FPSO’ – will be powered by three Siemens SGT-A35 gas turbine power generation packages. Due operational in 2021, the FPSO will operate some 6 miles off the coast of Mexico in a field owned by Eni and Qatar Petroleum.
Shale gas is now dominating the overall gas production in the United States and is forecast to reach an average 91.3 billion cubic feet per day (Bcf/d) in 2019, up 8.0 Bcf/d from the previous year. The gas glut is expected to push down Henry Hub spot prices to $2.50/MMBtu in the second half of this year and further increase gas-burn in the power sector.
France-based Ardian, formerly AXA Private Equity, has acquired a 41.9% stake in the gas-fired Hill Top Energy Center in Greene County, Pennsylvania, from funds held by the U.S. investment house Ares Management.
Long duration, grid-scale energy storage will be a game changer, allowing for more renewables integration. The industry is developing new batteries that will extend the current 2 to 4 hours of energy storage to up to 8 hours. These batteries are expected to be ready for use by 2030.
The Iraqi developer Maisan Power Company (MPC) and CITIC Construction have selected Siemens to supply the entire power generation equipment for the 840 MW Maisan combined-cycle power plant in southern Iraq. According to Siemens, the contract is worth more than 284 million Euros and the Maisan CCGT is due fully operational in early 2022.
Dubai-based Lloyds Energy has proposed to realize a 1,200 MW merchant power plant, fuelled by regasified LNG, in the Philippines. The integrated LNG-to-Power project is meant to be built in partnership with the Japanese turbine manufacturer Mitsubishi.
Australian-listed Energy World Corp (EWC) has added two gas compressors at its LNG regas plant at Kampung Baru to boost gas flows to its 315 MW power station at Sengkang, South Sulawesi. By ensuring flexible supply, EWC seeks to extend its power purchase agreement with the Indonesian national utility PT Perusahaan Listrik Negara beyond September 2022.
Generation costs for Germany’s fleet of combined-cycle power plants is getting cheaper than those for coal or lignite for the first time in over a decade, according to a report by BloombergNEF. Analysts find burning gas has become more profitable than lignite “for the first time ever” – a trend set to accelerate the country’s coal exit.
Chicago-based J-Power USA, part of Electric Power Development Co. of Japan, has started construction of the 1,200 MW Jackson Generation Project in Will County, Illinois. Once operational, the Jackson CCGT will feed all electricity into the PJM market zone.
Energy storage will play a growing role in the British power mix as the Brexit process is at a critical stage and the country seeks to reduce reliance on importing electricity through from mainland Europe. “Interconnectors are direct competitors in the flexibility marketplace,“ Wood Mackenzie said, suggesting Brexit could be good news for the UK storage market.