Jan 18 – Texas-based Cresta Fund Management has agreed to finance Lapis Energy’s CCS and clean hydrogen projects. The two partners are now looking to identify, design and develop projects for the permanent sequestration of CO2, targeting customers within the heavy industry and petrochemical companies.
GE to repower Long Lake plant
Jan 17 – GE will modernize four generors at the Long Lake hydropower plant in northwest US, operated by Avista Utilities. Once refurbished, the plant will have an installed capacity of more than 100 MW. The first modernized Long Lake unit is scheduled to go into operation at the end of 2024 and the last one in 2029
mtu to power Romania’s largest data center
Jan 14 – mtu Series 4000 gas generators will provide electricity heat and cooling for Romania’s largest data center. ClusterPower is building a 273,000-squaremetre technology campus near Craiova by 2025, where it will host five data centers with a Power Usage Effectiveness (PUE) of 1.1
Green hydrogen from Quebec
Jan 13 – Charbone has agreed to provide the US propane distributer Superior with green hydrogen from its Sorel-Tracy facility in Quebec, Canada, starting from the third quarter of 2022. The hydrogen will be delivered directly from Charbone’s H2 plant to Superior’s customers which include mining, power generation, transportation and industrial energy users.
Cresta to fund Lapis Energy’s CCS projects
Jan 12 – Texas-based Cresta Fund Management has agreed to finance Lapis Energy’s CCS and clean hydrogen projects. The two partners are now looking to identify, design and develop project for the permanent sequestration of CO2, targeting customers within the heavy industry and petrochemical companies.
US rivals Australia as world’s largest LNG exporter
Jan 11 – Analysts at the US Energy Information Administration (EIA) are confident that the growth in US LNG exports could see America’s liquefaction and send-out capacity exceed that of Australia and Qatar – the world’s two largest LNG exporters. Looking ahead, the EIA expects US exports of the super-chilled gas will rise 17% from 2021 levels to average 11.1 Bcf/d from December through March.
Africa’s first FLNG plant arrives in Mozambique
Jan 10 – Coral Sul FLNG, Africa’s first-ever floating LNG facility has arrived in Mozambican waters. The plant is critical to develop the US$7 billion Coral South project, led by the Italian oil and gas company Eni. Some of the produced gas will be used for power generation in Mozambique, though most will be liquefied and sold to global markets.
GE snaps up Opus One Solutions
Dec 23 – GE Digital has agreed to acquire Opus One Solutions Energy Corp, a Californian software company that helps utilities integrate renewables and Distributed Energy Resources (DERs) at scale across the electric grid. The transaction is expected to close within 30 days, GE stated without disclosing what price was paid for the takeover.
Qatar invests in Rolls-Royce’s nuclear power business
Dec 22 – Qatar Investment Authority, the state’s sovereign wealth fund, has agreed to invest £85 million in Rolls-Royce SMR, the company’s new technology for small-scale, low carbon nuclear power. UK business and energy secretary Kwasi Kwarteng called the investment a “clear vote of confidence” in the UK’s nuclear innovation. It follows £210 million Qatari investment in the development in Small Modular Reactors. Now fully funded, Rolls-Royce SMR business also received £490 million through commercial equity and UK Research and Innovation (UKRI) grant funding.
JERA helps Japanese film producer curb emissions
Dec 20 – Toho, a Japanese film producer and entertainment company, will get support from the country’s largest power producer JERA to reduce CO2 emission from film production. To that end, JERA will supply zero-emissions energy to Toho and draw up a roadmap to decarbonise the media company as a whole.
Tractebel develop concept to store H2 offshore
Dec 17 – Tractebel Overdick and partners have developed an offshore infrastructure and processing facilities concept that relies on the storage of hydrogen (H2) in offshore caverns. The design study outlines a scalable offshore platform for the compression and storage of up to 1.2 million cubic meters of hydrogen.
Ethatec uses CO2-free power to produce ethanol
Dec 15 – ESG Clean Energy has signed a letter of intent (LOI) with Ethatec to use ESG’s patented CO2-free gensets to its ethanol production. Ethatec uses waste from bakeries and pizza factories which is being crushed and then mixed with water and enzymes and heated in a multi-stage mashing process to saccharify the starch. It is then cooled and fed into fermentation tanks, where yeast is added. for alcoholic fermentation of the sugar. After 72 hours, the mixture is fed to a distillation system where ethanol is obtained.
Anax helps Magellan mine bitcoin under US$12m deal
Dec 16 – Ohio-based Magellan Scientific has entered a long-term accord, worth US$12 million, with Anax Power to generate zero-emission electricity from natural gas flows for Magellan’s distributed data centres, using 500 kW Anax turboexpanders. This green power will be used to lower the carbon-intensity of bitcoin mining and help US interstate pipeline operators and utilities accelerate their net-zero emission goals.
Cryogenic insulation market to top $4.6m by 2026
Dec 14 – The global market for cryogenic insulation is forecast to reach $4,659.85 million by 2026, expanding at an annual rate of 8.76% over the next five years. According to ResearchandMarkets, companies need to keep investing in R&D to deliver more efficient products at a lower cost and improve product durability.
Industry wary about new German energy policy
Dec 13 – The German industry is closely watching how the new coalition government will implement its clean energy policies. Security of supply is a major issue given that the coal exit date has been pushed forward by eight years to 2030, while electrification of transport and hard to abate industries is set to push up demand substantially. To decarbonise traffic, over 15 million electric cars are meant to be on the roads by the end of this decade.
ADNOC awards FEED contract to Technip
Dec 10 – Technip Energies has been awarded a Front-End Engineering Design (FEED) contract to integrate carbon capture technology to ADNOC’s Ghasha mega project in Abu Dhabi. The Ghasha Concession is the world’s largest offshore sour gas development, where ADNOC together with Eni, Wintershall Dea, OMV and Lukoil aim to develop up to 1.5 billion cubic feet per day (bcf/d) of natural gas, as well as condensate and oil.
US gas-burn down 3.6% on mild weather
Dec 9 – Natural gas used in the US power sector has fallen by 3.6%, or 1.0 billion cubic feet per day (Bcf/d) over the past week amid mild weather conditions, although industrial sector consumption was up 0.5%, or 0.1 Bcf/d over the same period. Natural gas exports to Mexico increased 3.6%, or 0.2 Bcf/d . Natural gas deliveries to U.S. LNG export facilities (LNG pipeline receipts) averaged 12.0 Bcf/d, or 0.3 Bcf/d higher week-on-week, according to government data.