Daily News
Hydrogen demand is could surpass 200 million tons worldwide annually by 2050, spurred by rapid deployment of electrolyzers. According to the International Energy Agency (IEA), global capacity for electrolyzers is expected to grow from just 0.5 gigawatt (GW) in 2020 to over 160 GW by 2030, driven by decarbonization targets and falling technology costs.
Construction is progressing fast on a 100 MW electrolyser at the site of the decommissioned Moorburg coal power plant in Hamburg. Early civil works are under way, with major equipment installation expected to begin this summer to get the €300 million project completed in 2027. Once operational, the plant is expected to produce 10,000 tonnes […]
Nuclear reactor restarts and increased coal-fired generation through the spring displaced LNG in the South Korean power mix as Qatari supply fell away, allowing utilities to defer procurement rather than chase spot cargoes priced above $20 per MMBtu. As a result, LNG’s share in Korean power generation fell to 22–24% in the first half of […]
Energy security has overtaken cost as Asia’s overriding energy priority following the three-month disruption of the Strait of Hormuz, with China, India and Pakistan accelerating investment in domestic coal, renewables, nuclear power to reduce their exposure to imported LNG. Pakistan has struggled with an acute gas shortage, having sourced nearly 99% of its annual 6-8 […]
Data center developers are scrambling for reliable electricity supply, turning away from congested grids and towards on-site fuel cells. Rystad Energy hence projects a tenfold increase in fuel cell market revenues by 2030, rising from around $2.8 billion in 2025 to roughly $30 billion. A contracted order book of approximately 9 GW, including framework agreements […]
Vietnamese authorities in Nghe An province are urging PV Power to accelerate development of the $2.25 billion Quynh Lap LNG-to-power project with a view to bringing the 1,500 MW plant into operation by 2030 – even as imported fuel costs weigh on profitability. Developers – comprising of PetroVietnam affiliate PV Power, Nghe An Sugar Co. […]
Korean manufacturer Hanwha Power has commissioned and started up the Trumbull Energy Center, a 950 MW combined-cycle gas power plant in Ohio, U.S, developed to help fill a power gap left by the gradual exit of coal-fired generation in the Pennsylvania-New Jersey-Maryland (PJM) grid. The commissioning ceremony brought together key project partners, including Korea Southern […]
Prices for natural gas turbines have risen about 300% over the past three years as utilities, developers and technology companies compete for limited manufacturing capacity, CNBC reported, with GE Vernova warning that costs are likely to keep climbing as AI data centres drive demand for onsite generation. Gas-fired turbines, long used by utilities and industrial […]
Cyprus is moving to complete its long-delayed LNG import terminal at Vasilikos as part of efforts to secure fuel supply for power generation and balance rising renewable output, Energy Minister George Papanastasiou told Platts. The terminal is central to the island’s strategy to reduce reliance on oil-fired generation and introduce natural gas as a lower-emissions […]
Rising renewable capacity and cheaper batteries are weakening the investment case for LNG import terminals and gas-fired generation, with Ember signalling out China as the clearest example of that shift. China added 278 GW of solar and 79.8 GW of wind last year, lifting combined solar and wind capacity above 1,400 GW and beating its […]
GE Vernova has secured an order to supply two 9HA.02 gas turbines and two H78 generators for Vietnam Electricity’s (EVN) Quang Trach II LNG-fuelled power plant, a combined-cycle facility expected to generate more than 1.6 GW. The plant, located in the Hon La Economic Zone in Quang Tri Province, is scheduled to begin commercial operations […]
- Electricity demand outpaces GDP growth, IEA finds
- Germany’s EEG reform reshapes role of gas-fired powergen
- Biomass challenges gas power on fuel costs, offsets higher Capex
- Saipem’s Baleine contract to boost Ivory Coast’s gas burn
- Cambodia plans to import first LNG for power-gen in 2027
- Japan deepens LNG-to-power links across Asia
- Constitution Pipeline could save US Northeast consumers $5.8bn
News in Brief
Wärtsilä powers Texan data center
Aug 17 – Wärtsilä is preparing to deliver an off-grid power solution for a new data center, under construction in Texas. The 790 MW power plant will operate with 42 Wärtsilä 50SG engines running on natural gas.
India’s power demand up 5%
July 29 – Electricity demand in India is on course to rise 4-5% year-on-year in 2027, Fitch Rating reckons, referring to the country’s higher cooling needs and economic growth. Coal remains king in the Indian energy mix, fuelling more than 70% of power stations, while gas-burn fell to 15% in June 2026, down from 22% a year earlier amid supply constraints and higher LNG prices.
Japan mulls debt financing for US power projects
July 27 – The Japanese government is considering foreign debt finance for gas-fired power projects in the United States that form part of its $550 billion U.S. investment pledge. “If financing from foreign banks materialises, it should further facilitate the procurement of foreign-currency funding needed to implement the investment initiative,” the finance ministry said on the platform X late on Sunday.
EUAs hover around €80/t
July 24 – EU Carbon Emission Allowances are expected to continue their mean-reversion trading around €80/t for the rest of this month, as the Commissions adjustments leave supply-demand balances for carbon credits tight through 2035. Further out, Energy Aspects reckons there may be 250 Mt more allowances in the market through 2040 as the pace of how fast the ETS cap falls has been slowed down for 2036 onwards.
Index seeks partners for Rivers IPP
July 22 – Nigeria’s Index Thermal Power has invited engineering firms, infrastructure developers and institutional investors to join the development and financing of its proposed 1,800 MW gas-fired independent power plant in Rivers State. The project is planned for the Onne Oil and Gas Free Trade Zone in Port Harcourt.
Utilita Energy joins WattsWatt
July 20 – Utilita Energy has become the third energy supplier to join WattsWatt – the national energy information service – alongside Outfox Energy and Home Energy in bid to help households gain affordable warmth by comparign tariffs and improving access to energy efficiency grants.
Electrifying urban air mobility
July 17 – Hitachi Energy and Eve Air Mobility, an Embraer-backed aircraft manufacturer, are looking to advance the electrical infrastructure needed to support urban air mobility. The agreement brings together Hitachi’s Grid-eMotion charging infrastructure with Embraer-backed electric vertical takeoff and landing (eVTOL) aircraft technology.
H2 turbine market to top $3.5bn
July 15 – The global market for hydrogen (H2)-compatible gas turbines will grow to nearly $3.5 billion by 2032, expanding at an annual rate of over 10% during the forecast period. According to DataM intelligence, hydrogen is emerging as a strategic and sustainable alternative to fossil fuelled power generation as nations strive to reduce reliance on imported fossil fuels and stabilize their power grids,
JERA, Samsung collaborate on H2 value chains
July 13 – Japan’s largest power generator JERA has signed a Memorandum of Understanding (MoU) with Samsung C&T of Korea to collaborate on hydrogen and ammonia. JERA is developing Japan’s first low-carbon ammonia value-chain, and is targeting start of operations around fiscal year 2029. Samsung C&T focused on low-carbon ammonia infrastructure and supply chain initiatives in Korea, and by combining their capabilities both companies aim to strengthen value chain resilience across Asia.
Seletar Campus to be powered by LNG
July 8 – GasHub has finished an LNG storage and regasification facility at Rolls-Royce’s Seletar Campus in Singapore and begun LNG deliveries, with the system designed to support the campus’s long-term energy requirements, including reliable electricity demand. The setup is part of a shift away from compressed natural gas and aims to reduce fuel deliveries, emissions, and operating costs.
Works start 1GW BESS in Germany
July 6 – Swiss energy storage operator BW ESS has started construction on the 1GW Klostermansfeld project, one of Europe’s largest battery storage projects to date. Situated in the southern Harz region, the battery is designed to supply around three million German households with electricity for at least four hours.
Siemens expand switchgear factory
July 2 – Siemens is investing €300 million to expand the production of high-efficiency power distribution systems for data centers, e-mobility and industrial automation. To that end, Siemens is expanding its switchgear factory in Frankfurt and a new supplier facility in Offenbach, creating 700 new jobs by the end of 2030
Green H2 progresses in Italy
June 29 – IGM, a specialist engineering company, has supplied a 2 MW electrolyser to Industria Gas Tecnici (IGAT), marking the company’s entry into green hydrogen production under Italy’s national Hydrogen Valley programme.
PJM braces for 5.4% load growth
June 26 – PJM Interconnection expects peak summer load will grow at an average of 5.4% per year over the next decade driven by electrification of road transport and the concentration of data centers. Summer peak load in PJM’s Dominion zone was 23,905 MW last year, 23% higher than in 2019, while winter peak load in PJM’s Dominion zone was 25,413 MW in the 2025–26 winter season, 45% higher than five years ago.
Vietnam pushes for LNG-fuelled power
June 25 – Vietnamese authorities in Nghe An province are urging PV Power to speed up development of he $2.25 billion Quynh Lap LNG-to-power project with a view to get the 1,500 MW plant into operation by 2030. Developers – comprising of PetroVietnam affiliate PV Power, Nghe An Sugar Co. and South Korea’s SK Innovation – were asked to prepare a 1:500 construction plan, the feasibility study and other required documentation to speed up permitting.
Gazprom backs Far East power expansion
June 24 – Gazprom is advancing projects to support new gas-fired power generation capacity across Russia’s Far Eastern Federal District to strengthen regional energy security. The initiatives include expanding gas supply infrastructure and ensuring fuel availability for power plants in the region.
Meta invests in solar/BESS
June 22 – Meta is partnering with Enbridge on a hybrid solar and battery energy storage system to power Meta’s data centers in Wyoming. The project comprises 1.6 GW of solar, wind and storage capacity, with the batteries supplied by Tesla.
Oman seeks adviser for IPPS
June 19 – Oman’s Nama Power and Water Procurement Company is seeking advisers for the development of new gas-fired independent power projects (IPPs). Prospective advisors will need to support project structuring, tendering, and negotiations with prospective developers. The advisory tender signals early-stage planning, with project timelines and capacities yet to be disclosed.
RINA to inspect H2WATT project
June 16 – RINA, a global inspection and certification group, has been contracted to assess the safety of the Green Hydrogen Hub Project H2WATT, an initiative lead by Indonesia’s state energy company Persero. The assessment will identify the risk of hydrogen leaks, fire and explosion, and recommend mitigation measures, e.g. ventilation and gas detection systems.
B&W supports 1.6 GW project in Virginia
June 9 – Babcock & Wilcox is collaborating with TerraSpark on a planned 1.6 GW coal-fired power project in West Virginia, part of the proposed TerraSpark Energy Campus, which secured an $18.5 million U.S. Department of Energy grant. The project exemplifies the use of coal-burn for baseload power generation in the United States, complementing gas-fired power in regional grids as feedgas demands for LNG exports keep rising.
