Prices for Australian thermal coal remain on a downward trajectory amid oversupplied global markets and tepid demand – not least due to Europe’s rapidly falling coal-fired power production. In Asian markets, lower coal imports from South Korea and Taiwan adds further to the supply overhang, Morgan Stanley Research finds.
Three days ahead of the UK General Election on December 12, the Shadow Chancellor John McDonnell has pledged the Labour Party would kick-start the process of re-nationalizing Britain’s power and water companies within the first 100 days upon assuming office. Several UK utilities have already moved part of their ownership offshore to protect their assets.
Göteborg Energi and Siemens will jointly test new turbines that enables the use of renewables fuels at the Rya combined heat and power (CHP) plant, which is currently powered by natural gas. As a first step, an SGT-800 test turbine was installed at the plant to validate 3D-printed burners that can run on various fossil-free fuels.
Temperatures fell below freezing in 75 percent of the United States during a record cold-snap in early November, propelling up prices for both natural gas and electricity. In northeast Pennsylvania, gas prices at the Tetco M3 hub in surged from less than $2.00/MMBtu to $5.11/MMBtu while prices at Chicago Citygate hub in the MISO market zone reached $3.00/MMBtu.
Mitsubishi Hitachi Power Systems (MHPS) has completed a shipment of J-Series Air Cooled (JAC) gas turbines to Thailand where they will be used in two combined-cycle gas power stations on the outskirts of Bangkok. The two CCGTs, with a combined output of 5,300 MW, are being developed by Thailand’s largest IPP Gulf Energy Development and Mitsui & Co.
Electricity prices have fallen in the course of Germany's Energiewende while taxes and levies increased substantially. Cheap renewable electricity floods the market, benefiting mainly large and energy-intensive industrial companies because many can source their electricity at wholesale prices.
The International Energy Agency (IEA) is urging national governments to impose more stringent policies to raise energy efficiency. The rate of improvement slowed for the third year in a row, leaving it well below the 3% minimum that the IEA deems vital to global energy and climate goals.
MAN Energy Solutions and Orcan Energy agreed to collaborate on waste heat recovery. PACK technology, developed by Oran, uses waste heat from the engine to increase efficiency and reduce emissions. The solution is now available to all of MAN’s customers for retrofitting their engines.
Virginia-based AES Corporation has completed the steam purity run – one of the final commission phases of its Huntington Beach Energy Project (HBEP). With the initial turbine run well underway, AES said it plans to fully start up the unit in late January, or early February 2020.
Canada’s natural gas production is forecast to surge 30% through 2040, allowing for gas and renewables to displace coal in the power sector in Alberta, Saskatchewan and Nova Scotia. In its long-term energy outlook, the Canadian Energy Regulator (CER) also sees the energy use per capita fall over 15% by 2040, limiting growth in fossil fuel use to less than 1%.
Bayat Power-1 – Afghanistan’s first gas power project in four decades – has been commissioned, with the first of three Siemens SGT-A45 turbines now fully operational. Once all three turbines are up and running, the plant will generate more than 200 MW of electricity.
Analysts at the U.S. Energy Information Administration (EIA) see an ongoing rush among utilities to retire coal power units, particularly those with high running costs and low operating flexibility. By the end of the next decade, the EIA projects almost 90 Gigawatt (GW) of coal-fired capacity will be shut down before the end of their lifetime.
ExxonMobil and Global Thermostat have developped an agile solution of soaking up carbon dioxide emissions from the air – notably from industrial facilities and power stations. Test runs are currently underway at a pilot plant at SRI International, an R&D facility in California. The data collected there will help ExxonMobil evaluate possibilities to scale up the application.
Rolls-Royce and Lab1886, an innovation lab within the Mercedes-Benz group, have joint forces to test the use of vehicle fuel cells for stationary power supply. The aim is to develop an MTU solution for sustainable off-grid generation.
French network operator GTRgaz says it sees “no supply problems” for the upcoming winter thanks to high storage levels and better ways to balance France’s new single market place, called Trading Region France (TRF). As of early November 2019, the volume of natural gas in storage stood at a record 129 terawatt hours (TWh).