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Britain’s PM May vows to put an end to “rip-off” energy bills
In the run-up to the 2017 UK General Election, Theresa May has promised to impose a cap on standard variable power tariffs in the Tory manifesto to end what she calls the “injustice” of rising energy...
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Siemens, Chromalloy partner on blades, vane cast components
Siemens and Chromalloy Gas Turbine have joint forces and agreed to invest approximately $130 million to create a new joint venture called Advanced Airfoil Components. The JV will create up to 350 new...
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Cummins launches upgrade to QSK60-series gas genset
US power solutions provider Cummins has launched a new gas generator set across 50Hz regions. Supplying electrical efficiency of up to 43.8%, the upgraded QSK60 gas engine can reduce total cost of...
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Woodmac expects rebound of Asian investment into US tight shale
Asian investors used to pour over $20 billion into US Lower 48 assets in the period 2010-13, mostly in shale plays – but this cashflow dried up some three years ago and has become “negligible,”...
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Energy Finance: Nigeria seeks $5.2billion loan from World Bank
Nigeria has approached the World Bank for a $5.2 billion loan to expand power generation capacity and help the West African nation recover from its first recession in over two decades. Observers doubt,...
View ArticleFlexible offtake, reward schemes incentivize residential DRS
Nest Learning Thermostat, which partners with utilities to provide residential Demand-Side Response (DRS), shows how bilateral contracts for flexibility services can be utilised for the integration of...
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Siemens wins €790m substation contract in Qatar
Qatar General Water & Electricity Corporation (KAHRAMAA) has contracted Siemens to carry out the largest-to-date expansion of the Emirate’s power transmission network. The deal, valued at €790...
View ArticleEngie, AES jointly market LNG in Central America
Engie of France and AES have entered into a joint venture to market and sell LNG to third parties in Central America. The JV will utilize the Costa Norte LNG regasification terminal, currently under...
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China: GE fires up first 6F.01 at Huaneng Guilin distributed power station
Huaneng Guilin Gas Distributed Energy Co., an energy provider in the Guangxi Zhuang autonomous region in southern China, has announced first fire of a GE 6F.01 gas turbine at one of its distributed...
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Decarbonisation – costs vs. policy drivers
The spread of policy drivers, as well as falling costs of solar and wind power, will ensure the de-carbonisation of the energy system continues globally, according to projections made by the Economist...
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Can LNG to Power IPPs solve South Africa’s energy conundrum?
South Africa’s mining and manufacturing industry has been hit repeatedly by sharp increases in electricity tariffs. With President Zuma’s plans for new nuclear thwarted, South Africa’s future energy...
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America signs trade deal with China, promoting US LNG exports
The United States and China have reached a landmark agreement designed to reduce America’s growing trade deficit and promote LNG shipment to China. US Commerce Secretary Wilbur Ross underlined the deal...
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US utility-scale solar surged 72% over the past five years
New utility-scale solar power installations increased in the United States in 2010-16 at a faster rate than any other electricity generating technology. Solar PV and thermal power facilities together...
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Wärtsilä launches hybrid plants & energy storage solution
The Finish technology group Wärtsilä has introducing a hybrid and standalone energy storage to the market, combined with engine-based power generation. The company stated is sees “high market...
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Mexico calls for bids in 3rd power auction
Mexico has published a preliminary schedule for a third power auction and is calling for bids, with the winners set to sign long-term power purchase agreements (PPAs) for clean energy supply, the...
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Dominion/TCO spread tightens amid slow production growth
Strong storage withdrawals, as well as the tightening spread at Appalachian gas pricing hubs Dominion South Point (Dom SP) and Columbia Gas (TCO) have not been weather-driven in winter 2016/17. The...
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First SGT-800 on route from Sweden to Bolivia
Two Siemens SGT-800 industrial gas turbines, manufactured in Sweden, have started their 16,000km journey to the Termoeléctrica del Sur combined-cycle gas power plant (CCPP) in Bolivia. These two are...
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Energy efficiency – the ‘hidden fuel’
The cleanest and safest power plant is the one you don’t have to build thanks to higher energy efficiency, says Noé van Hulst, OECD ambassador of the Netherlands and IEA board chairman. Dubbed the...
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GE to provide AC-to-DC converters for Europe’s first MVDC Link
Europe’s first medium-voltage direct current (MVDC) link will be supplied by GE as part of Scottish Power’s grid extension in Anglesey and North Wales. The Angle-DC project aims to demonstrate a novel...
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DTE Energy to close coal plants, curb emissions by 80% by 2050
Detroit-based DTE Energy has announced plans to shut down its entire coal power plant fleet by 2040, in an effort to curb carbon emission by over 80% from 2005 levels by 2050. The utility will invest...
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