General Electric has secured two orders for 6F.03 gas turbines in China with Guangdong Lee & Man Paper Manufacturing Ltd (Lee & Man) and China Huadian Corp (CHD) Xiangyang. These order wins come as the 6F turbine achieved 25 years of successful operations.
Energy-intensive industries in Germany stand to benefit from the proposed coal exit. Implementing the coal phase-out will see 12.5 GW of coal-fired capacity being closed by 2022, and an Agora study finds replacing coal with renewables would lower wholesale prices by approximately 0.5 Euro cent.
Electrification of the transport sector will not only propel up power demand but also spur a surge in global copper consumption. Electric vehicles (EVs) alone are forecast to consume more than 3.7 million tons of copper every year through 2030, and the anticipated 20 million EV charging points are seen propelling up copper demand by 250% over 2019-levels.
Siemens Gas and Power has carried out the first Brownfield Engine Exchange (BEX), replacing a the gas turbine section (V84.2) at PowerSouth’s McWilliams power plant in Covington County, Alabama with a newer, more efficient SGT6-2000E.
Growth in small- and medium industries drives the need for low capacity gas turbines, which are affordable and easily transported. Gas turbines with less than 50 kW are expected to surpass 1 GW in annual installations by 2024, while the overall market will top 34 GW over the same period.
With more than a third of Germany’s electricity generated by renewables, the number of Power-to-X projects has surged in a bid to make use of this intermittent energy supply. Over 35 plants with over 50 kW of installed electrolysis capacity will be in operation by 2022 in Germany alone, according to forecasts by certification service provider TÜV SÜD.
Simultaneous failures at a gas-fired power station and an offshore wind farm have cut electricity for almost 1 million people in England and Wales on Friday night. The energy watchdog Ofgem requested an urgent report from National Grid into the causes of the outage.
Mitsui OSK Lines (MOL) is to more than double its fleet of LNG regasification ships to tap into a construction boom for gas-fired power stations in developing regions, such as Southeast Asia. According to Reuters, the Japanese giant will add six FSRUs, bringing its total to 10, by 2025.
The US set a new daily record on 19th July, of 44.5 bill cu ft natural gas consumption by electric power plants, according to S&P Global Platts. US power sector natural gas consumption exceeded the previous record of 43.1 bill cu ft – set on 16th July, 2018 – on five days last month.
TC Energy Corp, formerly Trans Canada, has entered into an agreement through its wholly-owned subsidiary, TransCanada Energy, to sell interests in three Ontario natural gas-fired power plants for about C$2.97 billion.
India, home to the world's sixth largest solar PV capacity, needs backup to mitigate intermittency risks. Over $200 billion would have to be spent on energy storage, considering the IEA's Technology Roadmap ‘breakthrough scenario’ where capital costs for storage are assumed to be $1 200/kW and $30/kWh in 2050.
The Mozambican government has approved a 30-year concession for Beluluane Gas Company to build, own and operate the 2,000 MW Beluluane gas power near the capital of Maputo. The developer is also required to build a feeder pipeline to supply the power plant with regasified LNG form Mantola Port.
National Iranian Gas Transmission Company (NIGTC) claims its engineers have gained the necessary know-how to repair Siemens gas turbines. NIGTC chief executive Saeid Tavakoli said the company carried out overhauls of SGT600 turbines by solely relying on domestic contractors.
Siemens CEO Joe Kaeser has warned about a “significantly weaker” environment hitting profits in the company's key business units Digital Industries and Gas and Power. “Geopolitics and geoeconomics are harming an otherwise positive investment sentiment,” he said, stressing Siemens is still getting more orders that it executes.