Industries which require high temperature heat are particularly hard to electrify, not to mention decarbonise. Still, hydrogen could soon become an attractive fuel in the steel industry, analysts at the International Energy Agency (IEA) find, while carbon capture, utilisation and storage (CCUS) could help decarbonizes cement, steel and chemical production.
Siemens has won a contract from an U.S. shale gas producer to supply three electric-drive centrifugal Dresser-Rand DATUM compression trains for two 250 million standard cubic feet per day (mmscf/d) cryogenic gas plants in the Delaware Basin, part of the greater Permian Basin in West Texas. The equipment will be commissioned in the latter part of 2020.
Deployment of electric vehicles so far has fallen short of expectations hence penalizing policy measures, like London’s new Emissions Surcharge, or T-Charge, have been introduced to spur growth. Penalising offending vehicles is one part of the solution, finds Jacob Klimstra, Senior Energy Consultant and Member of the Advisory Board for Electrify Europe. He highlighted plans by the Dutch government for all new cars to be zero-emissions vehicles by 2030 – others, including Paris, are already following suit.
Uncertainty about future battery technology, government policies, consumer preferences make it difficult to predict the long-term effects that both battery electric and plug-in hybrid vehicles (EVs) may have on worldwide energy consumption. According to EIA, analysisi, global EV sales is forecast to almost double from 1.2 million worldwide in 2015 to 2.35 million by 2040.
Pennsylvania Power Company (PennPower), part of FirstEnergy Corp., is installing 120 new ‘TripSaver’ automated reclosing devices on its transmission lines across Crawford, Lawrence and Mercer counties in an effort to limit the frequency and duration of service interruptions. The device works like a circuit breaker and can also re-energize the power line within seconds.
Bruno Le Maire, the French finance minister, has pledged he would fight to save jobs at GE Power sites throughout the country. The minister’s comments come in reaction to GE's announcement it is seeking ways to lay off more than 1,044 employees at its Belfort manufacturing plant in eastern France, near the border with Switzerland.
German chemical company BASF has awarded a contract to Siemens to modernize its industrial power plant in Schwarzheide, as part of the so-called Brownfield Exchange project. Works include replacing a gas turbine from another original equipment manufacturer (OEM) with a high-efficiency SGT-800 turbine and installing a SIESTART battery storage.
MAN Energy Solutions has won the "Africa Europe Award 2019" for its efforts in promoting German-African economic relations and establishing a sustainable and efficient local power supply on the continent. By 2050, Africa will be home to 25% of the world's population, hence sustainable power supply is vital to reach global climate goals.
Mitsubishi Hitachi Power Systems (MHPS) has been awarded a contract to upgrade the Sidi Krir and El Atf combined-cycle gas power plants in Egypt. Both CCGTs operate with a rated output of 750 MW, based on two M701F gas turbines. Upgrade works are slated to start in the first half of fiscal 2021.
Australian energy company Santos is about to launch the world's first battery project at its Darwin LNG export plant. It will integrate batteries at the liquefaction facility's integrated gas power unit to ensure they run more effectively and with less emissions. The project is about to enter FEED phase and is due completed in mid-2020.
Blackstone affiliate Zarou Ltd as well as Edra Power Holdings of Malaysia have both expressed interest to purchase three Siemens-build combined-cycle gas power stations in Egypt with a total capacity of 14.4 GW. A sale of the plants would ease the debt burden of state-run Egyptian Electricity Holding Company (EEHC), which owns and operates the three CCGTs.
Despite significant progress in energy access, the world is falling short of meeting the global energy targets set in the United Nations Sustainable Development Goals (SDG) for 2030. The global electrification rate is now just over 89%, but the International Energy Agency (IEA) warns there is still a “dramatic lack of access to reliable, modern and sustainable energy in certain parts of the world, especially in sub-Saharan Africa.”
Sask Power has agreed to pay $120 million for buying all shares of its JV partner Canadian Utilities in the 260-MW Cory cogeneration plant in Saskatchewan province. The gas-fired CHP creates process steam for Nutrien’s potash mine while all electricity from the plant is fed into the regional grid. The deal coincides with ATCO’s move to divest its entire Canadian fossil power portfolio for around $835 million.
Spreads for arbitrage trading are narrowing between the Dutch TTF and the US Henry Hub as well as the TTF and the Japan Korea Marker (JKM), so Energy Aspects warns "any further tightening could close the arb windows and lock-in US supply.” The coal-to-gas switching level is seen at $3.70/mmbtu, or €11.1/MWh – below the breakeven to ship cargoes from the US to Europe at current freight rates.
Johannes Teyssen, CEO of the European energy giant E.ON, is supporting plans for a CO2 price to be levied on all sectors of the German economy: power generation, transport and housing. “We propose a cross-sector CO2 tax of 30 Euros starting from next year, which could be gradually increased to 35 Euros,” he told German media.