The Australian government has agreed to support a second Bass Straight interconnector – the 1.2 GW Project Marlin – with up to A$65 million ($40m). The funding was granted based on a feasibility study by TasNetworks which shows the power cable, set to deliver renewable power from Tasmania to Victoria, is both technically feasible and economically viable.
Voters in a referendum have approved developers to proceed with a long-delayed gas power plant in central Mexico, one of seven projects halted in the region. About 60% of the votes cast were in favour of finalizing construction of the $1.3 billion power plant project in Huexca, southeast of Mexico City.
Marubeni Corp and the energy-tech firm LO3 Energy have launched a pilot project in Japan whereby LO3 Energy will administer a virtual energy market place, using blockchain to connect several of Marubeni’s power production facilities and test simulated transactions.
Following a 9E gas turbine installation at Iraq’s Ministry of Electricity’s (MoE) Al-Quds power plant, GE Power now prepares to provide maintenance, supply part and rehabilitation services for up to seven 9E turbines at the 874-MW plant in 2019.
Spanish-owned Scottish Power has unveiled its “biggest ever investment in the UK in a single year," announcing to splash out £2 billion on green energy in 2019. Programmes include building giant batteries to store excess energy at wind farms, investing in smart grids for customers to buy and sell electricity, and charging points for electric cars.
U.S. engineering company McDermott International has posted a fourth-quarter loss, largely due to $2.2 billion in charges related to works on Cameron LNG and Freeport LNG and higher construction costs for Calpine’s York 2 Energy Center. The Houston-based McDermott today reported a net fourth quarter loss of $2.8 billion – a stark contrast to its $26 million profit in Q4-2017.
Natural gas will become the fastest-growing energy source in the coming decade, displacing coal as a fuel for power plants and heavy industries, Royal Dutch Shell said in its 2019 LNG Outlook 2019. Global energy demand is seen grow 18% by 2035, spurred by clean-air policies in China and India, with gas set to meet 40% of that largely through expanding LNG trade.
Novel, a Swiss-Italian joint venture between Alpiq and Geogreen, has turned to General Electric to modernize its gas combined-cycle cogeneration power plant in Novara, northwest Italy. The contract will see GE upgrade the gas turbine that drives the CHP to increase power output and steam for the industrial process at Radici Chimica’s chemical plant.
Economic growth, combined with a rapidly expanding population, has led to an investment boost in the Indonesian power sector which forecast to expand at a rate of 18.7%, reaching a market value of $63.6 billion by the end of 2022. Coal-fired power will retain its leading position but decentralized LNG-fuelled projects are seen gaining attractiveness.
McCoy Reports has singled out Mitsubishi Hitachi Power Systems, Ltd. (MHPS) as the 2018 market leader on global orders wins for heavy duty gas turbines (>100 MW). The J-series gas turbine, with its industry-leading 64% plus efficiency rating, was instrumental for MHPS’ heavy duty turbine business segment to capture over 41% market share globally.
Nuclear restarts and rising coal-burn for power generation has decreased LNG imports to Japan. Nine of Japan's 54 nuclear power plants have re-started, leading to a 8.7% drop in LNG shipments to 7.54 million tonnes in January, down from 8.26 mt a year earlier.
Taiwan Power Company has awarded a contract worth 130 billion Japanese Yen ($1.17bn) to GE and its EPC partner Marubeni for the DaTan 8&9 project. The upgrade will see GE equip the units with four HA turbines, boosting output to over 2,000 MW.
After more than a century in operation, Alabama Power’s 1,221 MW Plant Gorgas will be shut down as retrofits, mandated under Obama-era regulation, would be too costly to run it at a profit. Retrofits related to the handling of coal ash would cost around $300 million, said the operator, who now takes steps to shift to cleaner fuels.
Reciprocating internal combustion engines – typically used for backup, standby, or emergency power – are playing a fast advancing role in utility-scale power generation applications, according to EIA findings. In Texas alone, the share of gas-fired recip engines surged 20% to over 4,600 MW largely as a reaction to the state’s rapid growth in installed wind power capacity.
Today’s power grids are becoming increasingly complex as more decentralized power sources are added, requiring the network to carry bulk power in ways it was never designed to do. Recent order wins for GE’s Fixed Series Compensation (FSC) total over $60 million as TSOs turn to the technology to enhance flexibility of the grid.