Carbon capture, utilization and storage (CCUS) represents a massive untapped opportunity, according to the International Energy Agency (IEA). Over 450 million tons of carbon emissions could be captured for use or storage each year with an incentive equivalent to less than $40 per tonne of CO2.
Petra Nova, a 654 MW power station near Houston, is one of only two operating generators with carbon capture and storage (CCS) in the world. The other one is the 110 MW Boundary Dam plant in Saskatchewan, Canada. The CCS system deployed at Petra Nova captures about 90% of CO2 emitted from the flue gas slipstream, or about 33% of the total emissions from Unit 8.
French energy major Total seeks to limit its exposure to commodity cycles by integrating its activities across the supply chain. “We start our integration quite high upstream on the gas chain and that leads all the way to electricity, considering that 60% of all gas is used to generate electricity,” said Philippe Sauquet, President of Total’s Gas, Renewables & Power.
German authorities want to test the country’s resilience to a severe natural gas shortage with a large-scale emergency drill held over two days, the energy regulator BNetzA and Federal Ministry for Economic Affairs & Energy (BMWi) announced. “Germany’s gas supply is very secure and reliable,” said BNetzA head Jochen Homann. “However, it is prudent to be also prepared for unlikely emergencies.”
Intermittency issues of wind and solar power supply are feared to jeopardize the stability of the U.S. electricity network. To remedy this issue scientist at the Massachusetts Institute of Technology (MIT) have developed an “air-breathing” battery storage that, at the cheapest, run about $100/kWh and functions only in certain locations.
Cost and performance of battery technologies will not only be shaping customer acceptance of electric vehicles in the coming years, but also determine how easy it will be to integrate renewable energy into the grid. Tracking the relation between the dramatic drop in prices for batteries and their usage, the International Energy Agency (IEA) says “for each doubling of output, lithium ion battery prices have been getting 19% cheaper.”
Nunavut, one of the most remote northern territories of the Canadian Arctic, will get backup energy supply and reliable internet access powered by 23 MTU onsite energy diesel generator sets. Rolls-Royce will supply these gensets for the Canadian telcom Northwestel.
Arsenal football club will install a ground-breaking energy storage system at its Emirates Stadium in London by summer 2019. Developed by Pivot Power with funding from Downing investment house and facilitated by Octopus Energy, the energy storage will conserve enough electricity to run the Emirates for 90 minutes.
Surging shale gas production at Vaca Muerta has prompted Argentina to resume exports to neighbouring Chile. The Gasoducto del Pacífico has just been reopened after being shut in 2008, and exports of Argentine gas also resumed via the GasAndes pipeline to Chilean power generators.
Though the deepwater industry appears in good health, Wood Mackenzie warns that cyclical cost inflation could raise break-even costs once again. The most competitive region is the Americas, and particularly Brazil, Guyana, and the Gulf of Mexico, where over 50 billion boe of pre- and post-sanction deepwater developments are now profitable under an oil price of US$60/bbl.
Commissioning is underway at the Bioenergy Carbon Capture and Storage (BECCS) pilot plant at Drax Power Station near Selby in North Yorkshire. The 6-month pilot project was realized at a cost of £400,000, and is meant to capture 1 tonne of CO2 per day.
Nova Scotia-based Emera has agreed to divest its three gas-fired power plants in New England to an affiliate of The Carlyle Group for C$780 million, equalling US$590 million. The sale of a combined capacity of 1,100 MW helps increase Emera’s its free cash flow.
The German Chancellor Angela Merkel has extended the deadline for a much-awaited report from the country’s coal exit commissions. Elections in three coal states in eastern Germany in 2019, as well as lobbying from utilities prompted her to effectively axe the opportunity of having a report on pre-2020 action ready before the COP24 climate meeting in Poland in early December.
Electrification can help to reduce the energy use and emissions impacts of automated vehicles (AVs). Under a best-case scenario of improved efficiency through automation and ride-sharing, road transport energy use could decrease by nearly 50% compared with current levels, the International Energy Agency (IEA) finds.
Brazil’s largest gas processing unit, build at a cost of $600 million in Itaboraí, near Rio de Janeiro, will include an e-house solution by GE Power. The so-called UPGN unit is part of the Rota 3 project, designed to transport and process natural gas feedstock from Petrobras’ Bacia de Santos pre-salt cluster.