MAN Energy Solutions is restructuring. Plans are to cost cuts of 450 million Euros, partly through layoffs, with the aim of improving the OEM’s cash position and liquidity, and achieve a 9% operating margin by 2023. Steam turbine production in Hamburg will come to an end, and MAN also considers closing its production in Berlin.
UK-based smart battery company Moixa has secured £4.6 million ($5.8m) in ‘bridge funding’ though a convertible loan, largely financed by Itochu Corp. Moixa said it aims to secure a further £10 million ($12.5m) by the end of the year as it wants to advance the rollout of its GridShare software in Japan.
EnBW, the regional utility in Baden-Württemberg, has awarded a 100 million contract to Ansaldo Energia to design, supply, install and service a 300 MW open-cycle power plant (OCGT) in the southern German city of Marbach. The peaking power plant is due operational by October 2022.
Rolls-Royce is to supply its very first series production MTU PowerPacks to the Irish national rail operator Iarnród Éireann, which ordered 41 units. Fitted with MTU 6H 1800 R86 engines, the PowerPacks each deliver 375 kW from the diesel engine as well as 150 kW from the electrical machine.
Three main players – PowerSecure, Enchanted Rock and The American Red Cross – have installed over two-thirds of all microgrids added in the United States over the past 10 months. A total of 546 microgrids were installed in 2019 alone, more than in any previous year.
GE has installed its MXL2 upgrade on a gas turbine at ADNOC Ruwais General Utilities Plant in the United Arab Emirates (UAE). Despite Covid-19-related challenges, the upgrade was completed within six months, resulting in a 10.7 MW increase in output using the same amount of fuel.
Gold Fields, operator of Agnew Gold Mine in Western Australia, has contracted Cummins to install QSV91G generators as part of Australia’s largest hybrid renewable energy microgrid. The system consists of a 23 MW off-grid power station, plus 18 MW wind power, and a 13 MW battery.
Natural gas demand in the United States has plunged over Covid-related lockdowns but analysts say “late July and August will be a litmus test for just how much industrial demand has recovered.” August is a month without a U.S. federal holiday, so baseload demand might return to “more normal levels.”
Rolls-Royce Power Systems has chosen to join MAN Energy Solutions’ mýa platform. The open asset-and-fleet-management-system links data from OEMs and plant operators across the marine, power and energy industries. The initiative can, however, only take off if other suppliers also decide to join up.
Wärtsilä has won an EPC contract to supply an LPG/LFO-fuelled power plant and integrated energy storage to the US Virgin Islands Water and Power Authority (WAPA). The four 32LG engines will deliver an output of 36 MW, with energy storage adding further 9 MW for up to two-hours.
The U.S. Administration has decided to end of grandfather clauses, a legal exception that spares companies involved in TurkStream from sanctions. U.S. Secretary of State Mike Pompeo called the move “a clear warning” though Gazprom and Botas keep pushing ahead with works.
JERA, Japan’s largest LNG importer and electric utility, and Reliance of India are fast-tracking construction on a LNG-to-Power project near Dhaka, Bangladesh. The 718 MW combined-cycle power plant is contractually bound to be commissioned by August 31, 2022.