Rising use of coal bed methane (CBM) for power generation could make the global CBM market reach $25.2 billion by 2027, growing at an annual rate of 5.9%. CBM, a pure form of natural gas, is often supported by tax incentives and carbon offsets which increases the attractiveness of the fuel.
Spot price differentials between regional U.S. gas trading hub and the benchmark Henry Hub have narrowed in the first half of 2020 amid lower production and a Covid-19-related plunge in demand. Basis prices are set to stay narrow at most hubs, with Winter 2020/21 forward basis swaps for SoCal Citygate and Waha Hub averaging $1.11/MMBtu and -$0.47/MMBtu.
MIT researchers have developed a novel battery, based on sodium/nickel chloride electrodes and a new type of metal mesh membrane. Costs of this battery type are significantly lower due to its stronger and more flexible material that can better withstand the rigors of daily use for industrial-scale energy storage.
Mitsubishi Power’s newly launched ‘Hydaptive package’ for green hydrogen integration will be used at three U.S. projects, worth over $3 billion. The Japanese OEM will build the 600 MW plant in Newburgh, New York, a 1,600 MW project in Virginia and a 1,084 MW project in Ohio.
Xodus Group has been selected by Infinite Blue Energy (IBE) to carry out phase one work for the $300 million Arrowsmith Hydrogen Project, Australia’s first large-scale 100% green hydrogen plant. Situated 320km north of Perth, the 152 MW plant will produce 25,866 kg of hydrogen a day once operational in 2022.
Pacific Gas & Electric (PG&E), California’s largest utility, has been cutting power starting from Tuesday due to high winds and heat that could exacerbate the spread of wildfires. An all-time record heat across Southern California keeps fuelling fires, with up to 3 million residents at the brink of power outages.
CMP, the Chinese licensee of MAN Energy Solutions, has won a series of small-bore, four-stroke orders for engines to be installed in the inland-and-coastal market. The orders are for MAN 21/31, 27/38 and 23/30H types that are in line with China’s new C1 and C2 emission rules.
Investment in the power generation sector in Asia Pacific will amount to over $1.5 trillion over the coming decade, Wood Mackenzie forecasts. Wind and solar are seen account for up 66% or $1 trillion of that investment, with just $500 billion spent on new gas- and coal-fired power projects.
Turkey’s EPC company ENKA has arranged for GE to supply power generation equipment for a new block at JSC Tatenergo's Zainskaya State District Power Plant (SDPP), located in Zainsk, in the Russian Republic of Tatarstan. GE will deliver and install one of its high-efficiency 9HA.02 gas turbines as well as a STF-D650 steam turbine.
US engine manufacturer Cummins has secured its first project win for its new gas-fuelled C25G generator in China, offering 500kW of continuous power as well as heat and cooling for an 18 floor office block in Shandong Province.
Indonesia-based Risco Energy Solutions has contracted Chart Industries to provide LNG storage tanks, ISO containers, trailers, mobile equipment and fuelling stations. The accord comes in response to plans by state oil company PT Pertamina and electric utility PLN (Persero) to expand the power and gas infrastructure across the island nation.
Larsen & Toubro Ltd (L&T India) and Siemens Energy have applied a new method to successfully conduct a remote steam blowing of the gas turbine at the 400 MW Bibiyana South power plant in Bangladesh. The steam blowing was carried out from Erlangen, Germany, owing to the Covid-19 situation.