The International Energy Agency (IEA) has urged policy makers to help implement “massive improvements on efficiency” in the run up to the COP26 climate conference in November. The 2015 Paris Agreement pledges to mobilise $100 billion per year in investment for developing countries, but donor nations do not fully honour their commitments.
PW Power Systems has changed its name to Mitsubishi Power Aero as of April 1 even though its headquarters will remain in Lake Mary, in the U.S. state of Florida. Adopting the Mitsubishi brand is part of a wider effort to apply synergies and better leverage resources and technologies of Mitsubishi Power Aero’s Japanese parent company.
To power their economies 100% with renewables, G20 countries would require 3,526 GW flexible generating assets. The capacity to balance the grid could come from 2,594 MW energy storage and 993 MW flexible gas power plants, Wärtsilä modelling shows. The Finish OEM just launched the 34SG Balancer engine capable to ramp to 10 MW in two minutes.
New Fortress Energy (NFE) has agreed to supply the Mexican state-owned power producer CFE with the equivalent of 20,000-40,000 million British thermal units (MMBtu) of LNG via an import terminal, under construction at the port of Pichilingue, Baja California Sur. NFE said the regas terminal will be commissioned and start supplying gas to CFE in May 2021.
Australia’s AGL Energy will split into two – one retail power and gas utility and one infrastructure firm that holds the company’s power plant assets. The AGL board is pursuing a spin-off strategy in what it calls a “structural separation process," targeting to confirm and execute the transaction by end of FY2021.
KARMOL, a joint venture between Karpowership and Mitsui OSK Lines, has taken delivery of the first LNG-to-Power floating storage and regas unit (FSRU) which is currently undergoing sea trials before being deployed in Senegal. The converted Dwiputra, now named KARMOL LNGT Powership Africa, will supply LNG-powered electricity to the West African country.
Carbon emission prices in the US Regional Greenhouse Gas Initiative (RGGI) have soared to unprecedented highs due to more stringent emission rules and fears that US President Biden will enact a fracking ban. In the latest RGGI quarterly auction, held on March 3, the clearing price hit $7.60 per ton of CO2.
A cross-section of 30 US shale oil and gas producers shows the industry has enjoyed the first full year of positive free cash flows since the fracking boom began. Energy Economics and Financial Analysis (IEEFA) found the 30 producers generated $1.8 billion in free cash flows in 2020 after slashing capital spending by $20 billion.
News in Brief
Howden powers methanol plant
July 29 – Howden will deliver a hydrogen compressor to Johnson Matthey to serve the world’s first methanol plant that harnesses energy from the wind, in Patagonia, Chile. The Haru Oni project will deliver around 900,000 litres per year of e-methanol as early as 2022 and will be scaled up to 550 million litres of e-fuels per year by 2026.
Bloom SOFCs to power micro plant in South Korea
July 28 – California-based Bloom Energy, in cooperation with SK ecoplant, will install solid oxide fuel cells (SOFCs) in a combined heat and power (CHP) plant in Donghae City, South Korea. The CHP will provide heat and warm water for the nearby Bukpyung sports center. Construction on the project is slated to start this autumn.
Shanghai Electric to digitalise factories
July 27 – Shanghai Electric has entered a partnership with AI Investment Fund at the WAIC 2021 conference to provide digital solutions to industrial parks and medical institutions. Yang Hong, Vice President of Shanghai Electric said the aim is to help industries to minimise emissions and waste while maintaining low unit costs.
Slow LNG uptake in Africa
July 26 – In Africa, the uptake of LNG imports to new markets has been slow. Both Ghana’s 1.7 million tons per annum (mtpa) Tema LNG and Senegal’s 1.0 mtpa Dakar Powership are still awaiting their first LNG deliveries, though their respective FSRUs Vasant and Karmol LNGt Powership Africa have been in place since June.
Growth in turbine air filtration tops 3%
July 22 – The turbine air filtration market is expected to grow 3.27% annually from $1.92 billion in 2020 to reach $2.29 billion in 2026. Demand from the oil & gas industry and electric utilities had plunged during the corona crisis and subsequent economic downturn, but the latest trend towards clean energy is driving robust growth for turbine air filtration which can be widely and easily applied in the power sector.
US oil exports stay high
July 21 – Despite volatile prices, U.S. crude oil exports reached a record high in 2020 and remained strong this year, averaging 3.51 million barrels per day (b/d). Expanded ports at Houston and Corpus Christi allow for oil to be exported from the Permian Basin and Eagle Ford Basin.
CVEC to be converted to hydrogen
July 20 – Cricket Valley Energy Center (CVEC) is taking steps to run the combined-cycle plants on hydrogen. Works to convert the plant will be carried out by GE and are scheduled to start in late 2022. One of three GE 7F.05 gas turbines at CVEC will be introduced to a 5% hydrogen blend with natural gas.
MAN ETES labelled solar impulse efficient
July 16 – MAN Electro-Thermal Energy Storage (ETES) was attributed the “Solar Impulse Efficient Solution” label by independent auditors. In January, the German manufacturer supplied to ETES heat pumps to DIN Forsyning for a heat and power plant in the Danish port city Esbjerg.
Electricity sales to US industry rebounds
July 14 – Economic recovery has caused a 5.1% rise electricity sales to US industry this year, dwarfing 2.8% more retail sales and a 2.1% rise in the commercial sector as many office workers continue working from home. The US Energy Information Administration’s (EIA) acting administrator, Steve Nalley, called the rebound in electricity sales to industry a “strong sign of rising levels of economic output as the Covid-19 pandemic recedes.”
Solar PV to triple in Asia by 2030
July 13 – Asia Pacific solar photovoltaic capacity could triple to 1,500 gigawatts (GW) by 2030. According to Wood Mackenzie estimates, China will add 619 GW of mainly utility-scale capacity while most other nations in Asia prefers distributed solar due to land constraints. Solar PV tends to be backed up by flexible gas gensets and energy storage, forming hybrid power units.
Kinder Morgan closes on Stagecoach assets
July 12 – US energy infrastructure major Kinder Morgan has closed its acquisition of Stagecoach Gas Services. The deal include 4 gas storage facilities with a 41 bcf working gas capacity and a transmission network with multiple interconnects to major interstate pipelines, including Tennessee Gas Pipeline. The Stagecoach assets add to Kinder Morgan’s approximately 83,000 miles of pipelines and 144 terminals.
Dortmund cancels electrotechnik fair
July 9 – The elektrotechnik fair, planned for 29 September to 1 October 2021, will now not be taking place in Dortmund due to requests from the industry. The next trade fair for building, industrial, energy and lighting technology will now open its doors again in spring 2023.
Hitachi to change name of ABB Power Grids
July 7 – Hitachi ABB Power Grids will become Hitachi Energy in October. The Japanese manufacturer bought a controlling stake in ABB’s grid business a year ago and is about to fully take the name of the merged company while expanding its direction towards e-mobility and data centres.
Tapping wind energy for hydrogen
July 6 – Spanish utility Naturgy and the gas grid operator Enagás are evaluating the use of 350 MW offshore and onshore wind capacity to produce green hydrogen. The fuel will be used to decarbonise the steel industry and shipyard in northwest Spain.
EU seeks to expand Green Deal to Africa
July 5 – The European Green Deal should be expanded to also include African states as partners, the German development minister Gerd Müller said. Green hydrogen production in Africa, in his view, should be a “cornerstone for economic cooperation with the Europe.”
Decom Engineering updates PCR
July 2 – Northern Ireland-based Decom Engineering has invested more than £700,000 to develop tools for repurposing and clean decommissioning of energy infrastructure. Through updated Pipe Coating Removal (PCR) equipment, decommissioned or surplus pipelines can be cleaned of multiple coatings, so they can be repurposed for used on other projects.
Cummins buys half of Momentum Fuels
July 1 – Cummins has signed a letter of intent to acquire a 50% equity interest in Momentum Fuel Technologies from Rush Enterprises. The transaction is expected to close before year-end, and the combined venture will produce Cummins-branded natural gas fuel delivery systems for the commercial vehicle market in North America.
