Australia’s Origin Energy has announced a 15-18% rise in 2017 power prices for customers in New South Wales (NSW) and South Australia (SA) from July 1. Passing fuel costs through to consumers, Origin's decision makes average small-sized companies pay $750-920 per year more for their electricity use. With this latest price hike, Origin follows in the footsteps of EnergyAustralia, AGL Energy and ActewAGL all of which are already implementing power prices rises of up to 20%.
Castle Peak Power Company, a 70:30 joint venture between CLP Power Hong Kong and China Southern Power Grid International, has selected Leighton Asia to carry out civil works at the 2,500 MW Black Point Power Station in Hong Kong. Works come at an estimated cost of US$122 million and will help the plant operator to achieve its gas generation targets by 2020.
Energy Impact Partners (EIP) has closed an investment in Powerphase. The investment is the first institutional round of financing raised by Powerphase, the company said without disclosing the value of the deal. Powerphase, an US-based provider of gas turbine upgrade technology stated it will use the financing to expand its geographic reach and accelerate deployment of its Turbophase product.
The EV30@30 campaign has been launched during the 8th Clean Energy Ministerial (CEM) Meeting on June 8 in Beijing. The campaign sets a “collective aspirational goal” of a 30% market share for electric vehicles by 2030. Deployment of electric cars is already proceeding swiftly in some markets: In Norway, electric cars had a 29% market share last year, the highest globally, followed by the Netherlands with 6.4%, and Sweden with 3.4%.
The Finish technology group Wärtsilä has been contracted to supply a power plant extension to AngloGold Ashanti's gold mine in Siguiri, Guinea. The turnkey project consists of three 20-cylinder Wärtsilä 32TS engines, to be connected with the existing power plant at site. The extension is due operational in the second half of 2018.
China's National Energy Administration is targeting to produce 50 Bcm of gas from coal by 2020, enough to satisfy 10% of gas demand from industries and power producers. Turning to coal gasificiation would allow China to utilise a domestically abundant fossil resource in a cleaner way, while reducing dependence on Russian pipeline gas or LNG imports.
Collectively, power plants are responsible for a declining share of U.S. air pollution emissions, a Ceres benchmarking report finds. Yet, emission levels vary significantly dependent on the volume of power output, fuel type and use, efficiency of generation technology, and installed pollution control.
California ISO, the state power grid operator, has been given the regulatory green light from the California Energy Commission (CEC) to carry out a review to consider alternatives to the Puente Power Project (P3), proposed by NRG Energy. In its regulatory order, the CEC said it "understands development of such a study is normally a complex and intensive undertaking, but is hopeful that the California ISO will be able to derive a simplified set of assumptions that will allow the ISO to provide meaningful results within the Committee’s timeline."
Enel, Europe’s biggest utility by market value, is about to shut down two large coal power plants in Spain by 2018, following through with a decision by CEO Francesco Starace to close the company’s entire coal and lignite generation by 2030. His new strategy shows the impact of new EU pollution limits, particularly the revised Best Available Techniques Reference Document, known as BREF.
Expanding its product offering, Nymex-listed Ingersoll-Rand has recently added 50 percent more compressed air rental equipment to its fleet in the U.S., Europe, Middle East, India and Africa. The US company rents out compressed air solutions that keep critical manufacturing processes up and running during emergencies or planned projects.
US electric utility Duke Energy has chosen Siemens as its EPC partner to design a new turbine for the 400-MW expansion of Lincoln County power plant. The expansion will enlarge Duke’s Lincoln Combustion Turbine Station – a 1,200 MW gas power station with 16 turbines – and allow for the production of enough additional peaking energy to meet Duke Energy customers' needs in the Carolinas by 2024.
The U.S. Department of Energy (DOE) has made available over $28 million for cost-shared research and development. The new funding, part of the Office of Fossil Energy’s Advanced Energy Systems program, is designed to help research on technologies related to advanced combustion systems, advanced turbines and gasification. Some $5.15 million are for the University Turbine Systems Research (UTSR) Program.
The US state of California has teamed up with several German states in the ‘Under2Coaltion’ to tackle climate change. Edmund G. Brown, Governor of California said US President Trump’s withdrawal from the Paris Agreement underscored the “significance of subnational actors.” California, the sixth-largest economy in the world, is adamant to pursue its clean energy targets and, together, with several German federal states, aims to provide strong leadership in the COP23 climate talks in Bonn this November.
More than 15% of the world’s population, or around 1.1 billion people, were without stable access to electricity in 2014 even though electrification rates have been rising gradually over the past decade. Back in 1994, a quarter of the world’ population had no access to electricity. According to the latest World Bank data, electrification levels improved most, albeit from low levels, in rural areas in Africa, the Middle East, and Southeast Asia.
John Flannery today has been named as chairman and chief executive of General Electric, replacing Jeff Immelt who steps down from his role after 16 years at the helm of one of America's largest corporations. Mr Flannery, is currently the head of GE’s healthcare sector, and in 2014 led GE’s takeover of the French turbine and train manufacturer Alstom.