Flexible trade of US LNG increases price correlation of regional hubs
Rising volumes of US LNG exports have boosted liquidity at traded gas markets, leading to greater price correlation of regional… The correlation of daily price movements between West Texas Intermediate...
View ArticleSCE awards 770 MW energy storage contracts to replace gas peakers
Southern California Edison (SCE), one of the state’s major investor-owned utilities, has been awarded contracts for 770 MW battery energy… As one of California’s load-serving electric entities, SCE won...
View ArticlePowerPHASE develops Storage Engine based on CAES technology
U.S. developer PowerPHASE has launched a Compressed Air Energy Storage (CAES) Plant, designed to enable grid-scale energy storage of renewable… For the product launch, PowerPHASE has been focusing on...
View ArticleMAN expands power plant in Suriname with low-noise engines
MAN Energy Solutions, in consortium with Burmeister & Wain Scandinavian Contractor (BWSC), will supply two 18V48/60TS engines to expand the… The DPP2 Bernland power plant, operated by state-owned...
View ArticleHyosung, Linde develop $244m liquid hydrogen project in South Korea
South Korea’s Hyosung Group and the German chemical group Linde have agreed to build the world’s largest liquid hydrogen plant… Under a memorandum of understanding, Hyosung and Linde agreed to jointly...
View ArticleWärtsilä works on gas engines to run fully on hydrogen
Wärtsilä is working on a new combustion process to allow its gas engine burn solely hydrogen fuel. The Finish technology… Hydrogen or synthetic methane can be produced locally with wind and solar...
View ArticleJKM Q4-2020 forward prices seen support Korean coal-to-gas switch
Asia’s Japan/Korea LNG (JKM) price marker is “potentially undervalued”, Energy Aspects says, pointing at a strong demand upswing in South… To attract US spot cargoes going to North East Asia, instead...
View ArticleLockdowns in India’s undermine profitability of coal-fired power plants
Nationwide lockdowns in India have highlighted the financial risk of coal power plants – a technology increasingly uncompetitive compared with… Coal-fired generation has borne the brunt of the Covid-19...
View ArticleFERC creates level playing field for energy storage
U.S. Federal Energy Regulatory Commission (FERC) has instated Order 841, removing market barriers for energy storage to allow it compete… At a cost of $350/kWh installed, Order 841 could unlock 7,000...
View ArticleRenewables surpass coal in U.S. power gen every day in April
April 2020 was the first month ever that renewables generated more electricity than thermal coal in the United States every… Figures by the US Energy Information Administration (EIA) also show coal’s...
View ArticleSiemens sees bigger hit from coronavirus impact in Q2
Siemens expects “even stronger impacts” from the coronavirus pandemic in the coming weeks as it posted an 18% drop in… In the second quarter, Siemens was noticeably impacted by the coronavirus pandemic...
View ArticleGE energizes largest STATCOM scheme in Europe for National Grid
GE’s Grid Solution business has energized a dynamic reactive compensator, installed for UK’s National. The static synchronous compensator (STATCOM) delivers… The Hybrid STATCOM technology has been...
View ArticleNew York’s daily electricity use plunges over 13% due to lockdowns
Business shutdowns in New York State to contain the coronavirus have slashed daily electricity demand on weekdays between 11% and… By late March, lockdowns caused a 13% drop in average daily demand in...
View ArticleGermany forced to export excess renewable power at a loss
Energy demand patterns and grid dynamics have shifted dramatically since mid-March. In the absence of sufficient energy storage, Germany at… The ‘Energy Transition Lab’, established by Wärtsilä, tracks...
View ArticleEntergy issues RFP for 1.2 GW CCGT in Texas despite drop in earnings
Lower first quarter earnings have not hindered Entergy Corp. to issue a Request for Proposals (RFP) to build a 1,200… Apart from inviting bids for the proposed CCGT near the city of Orange, Texas,...
View ArticleEIA records first triple-digit gas storage injection as bottlenecks ease
Low U.S. gas demand due to the pandemic and unseasonably mild weather has prompted a sharp rise in storage injection,… Infrastructure issues had kept a lid on storage injections as U.S. network...
View ArticleMiddle East EPC firms brace against pandemic, keep winning contracts
Construction companies in the Middle East are withstanding the negative economic impact of the coronavirus pandemic, with ACWA Power as… Saudi Arabia-based developer ACWA Power has signed three...
View ArticleMAN supplies steam turbines for CHP in Leipzig
Stadtwerke Leipzig has contracted MAN Energy Solutions to deliver and install two steam turbines and a generator at the local… Today, the CHP plant generates up to 174 MW of electrical energy and 200...
View ArticleGazprom ramps up production to boost exports to China
Russia’s state gas company Gazprom seeks to boost gas production in Yakutia and enhance pressure as well as throughput at… The Russian gas major confirmed it is fast-tracking major investments within...
View ArticleZhonghua Gas Holdings posts nearly 30% drop in Q1 revenue
Zhonghua Gas’ first quarter results have been “seriously impacted” by the Covid-19 outbreak. Total revenue for the three month ending… The decrease in revenue was mainly caused by the outbreak of the...
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