Field trials are underway at the world's first industrial-scale power-to-X-to-power demonstrator, where Engie, Siemens, Centrax, Arttic and DLR produce renewable hydrogen to fire a SGT-400 turbine at a French cogeneration plant. The CHP currently runs on a mix of natural gas and hydrogen, targeting full hydrogen operation by 2023.
Fast adoption of floating LNG technology across Asia is opening up new gas markets in Indonesia, Malaysia, Singapore and the Philippines. According to Black & Veatch, gas-fired power projects are “attractive for emerging markets” due to advantages in price, reliability and fuel access over developing technologies such as battery storage.
Energy research, development and demonstration (RD&D) budgets have increased by 4% worldwide to reach $20.9 billion. Low-carbon research accounts for 94% of the overall budgets in the International Energy Agency’s (IEA) member countries, though the Covid-19 pandemic caused a noticeable shift in focus to business streamlining and cost-cutting.