Government heads of EU member states have entered an accord committing to reduce carbon emissions by at least 40% by 2030 compared with 1990 levels, the European Commission said on Friday. The move could herald a shift from coal to gas power generation, provided CO2 prices give the right incentives.
Though the European Commission's winter 'stress test', that measures member states' preparedness for a possible disruption in gas supplies form the East, places greater emphasis on heat, COGEN Europe underlines that improving energy security requires a swift implementation of the Energy Efficiency Directive.
Japanese technology developer Toshiba has won a contract to supply service provider Eneres a total of 10,000 energy storage systems, each with a maximum output of 10 kW and a capacity of 9.9 kWh. The systems will be used to bolster output from independent power producers.
U.S. power cooperative Wolverine has announced plans to develop a 730 MW gas-fired power plant in Elmira Township, Otsego County. The Alpine Power Plant will be based on a single-cycle gas turbine to provide peaking power.
Finnish engine maker Wartsila has seen lower nine-month earnings drop despite a stable revenue. Net profit was €231 million ($292m) as of 30 September, down from €246 millon year-on-year, Wartsila said pointing to "higher financial costs" - revenue meanwhile remained stable at €3.2 billion.
As details for China's Air Pollution Prevention and Control Action Plan (APPCAP) have evolved through 2014, energy suppliers warn that the continual re-thinking of targets is creating uncertainty for China's resources demand. Wood Mackenzie analysis shows coal will still make up 64% of the power mix by 2030, although overall gas demand will see the strongest growth.
Turbine service provider EthosEnergy has announced the supply of manufactured combustion components as part of a contract with TransCanada for its 560 MW Ocean States Power Plant in Rhode Island. The firm installed standard combustion liners and transition pieces for the GE Frame 7EA gas turbine at the site.
Two of Kentucky’s largest electricity producers, Louisville Gas & Electric and Kentucky Utilities, have announced plans to add 737 MW of new capacity by 2020, as they seek to close down existing coal power. The new capacity is expected to be largely gas-fired.
As Japan continues to rely on LNG for the bulk of its power generation due to delays in nuclear restarts, the Ministry of Economy, Trade and Industry forecasts gas importers will rely less on Middle Eastern supplies but source up to 70% of their LNG imports from Australia and the U.S. by 2020.
Increases to the price that power producers in India pay for natural gas fuel are set to shake up the electricity market in an attempt to boost power generation in the country. Prime Minister Narendra Modi has raised the gas tariff by roughly one-third to $5.61 per million British thermal units (mmbtu) from 1 November, up from $4.2.
GE's Distributed Power business has won a contract to supply an undisclosed number of ecomagination qualified Jenbacher J612 gas engines for a several bioenergy plants that Phoenix Energy plans to build in California.
The UK government supports curbing the length in carbon credit in the EU-ETS by creating a Market Stability Reserve, meant to help Europe meet its emission reduction targets more cost effectively and stimulate investment in low-carbon technologies for power generation.