Strong order intake and some very large orders support Siemens’ overall business, although Q1 net profits plunged 49% and revenue growth is seen to stay moderate. “There is still much to do before we achieve industry-leading margins in all our businesses,” CEO Joe Kaeser said in an analyst call today.
A new ‘Distributed Resource’ Desk, just launched by UK’s National Grid, allows for faster dispatch instructions to small gensets, battery storage and demand-side response. In the first 24 hours of operation, the number of bids and offers accepted from these aggregated providers was 87 MWh, up 113% on average.
Contrary to U.S. President Trump’s policies to strengthen the role of coal in America’s energy mix and support cash-strapped mining companies, the use of coal is falling faster than in the Obama-era. According to EIA estimates, the coal share of total power generation reached a new low of 28%, well below the 35% share of natural gas.
Russia’s Gazprom has decided to invest another RUB 17.7 billion ($266m) on top of an earlier RUB 120.9 billion ($1.8bn) spent on the Sakhalin-III project in Russia’s Far East. The Sakhalin project is at the heart of Gazprom’s Eastern Gas Program, designed to establish a new export route for Russian gas to Asia-Pacific.
Drinking water in the Middle East needs to be generated in a highly energy-intensive process. According to IEA projections, the production of desalinated seawater in the Middle East will rise almost fourteen-fold to 2040, and there is a shift towards membrane-based desalination and away from fossil fuel-based thermal desalination.
Critics have questioned the commercial viability of a new 300 MW ‘emergency reserve’ power plant at Irsching, Bavaria. Uniper is preparing to build an open-cycle gas power unit even though it is seeking to mothball two combined-cycle power units at the same site. Asked about this seemingly paradox situation, Uniper told Gas to Power Journal that the new OCGT project has, in fact, been stipulated by the German lawmaker.
Electricity produced from wind farm will be the fastest growing U.S. power source for at least the next two years. About 11 gigawatts (GW) of wind capacity is due to come online in 2019, pushing up the share of wind in the energy mix from 7% in 2018 to 9% in 2020, according to EIA figures, while the share of gas is set to rise from 25% to 27% over the same period.
Though trade tensions with the U.S. affected China’s GDP figures in the fourth quarter, demand growth in China’s electricity sector is still “phenomenal,” Wood Mackenzie says. Total power demand in 2018 is estimated to have fallen by just 0.5%, or 32 TWh, based on tariffs on US$34 billion of goods with effect from July.