Results for: Power Generation

The global wood pellets market is experiencing a significant upswing driven by the increasing demand for renewable energy sources and the decline in reliance on fossil fuels. This market is projected to reach USD 5.89 billion by 2028, growing at a CAGR of 8.09%. This growth is fueled by the shift towards cleaner energy sources in the power industry, particularly in countries like China and India, where coal power plants are being replaced with renewable alternatives. Wood pellets, a carbon-neutral energy source, are emerging as a viable replacement for coal in power generation and heating applications.

WattBridge Energy, an independent power producer, has commissioned its sixth generating facility in Texas, the Remy Jade Generating Station. This new facility, powered by eight LM6000 gas turbines, adds 384 MW of dispatchable power to the ERCOT grid, supporting nearly 2 million homes. WattBridge’s commitment to grid resilience and energy security is further demonstrated through its four projects totaling 1,600 MW submitted to the Texas Energy Fund, aiming to expand its portfolio to nearly 5,000 MW.

Aslan Energy Capital and PT Calypte Sugi Power have signed a Memorandum of Understanding (MoU) to collaborate on the development of a solar power generation hub on Sugi Island, Indonesia. The project aims to achieve 1 GW of solar power by Q3 2026, with plans to reach 2 GW by Q4 2027, contributing to Indonesia’s sustainable energy goals.

Shanghai Electric has successfully modernized the Ninh Binh Power Plant in Vietnam, extending its operational life by another 30 years. The plant, a vital energy source for Northern Vietnam, underwent a comprehensive refurbishment, boosting the output of its four steam turbines and enhancing its overall performance.

Tamil Nadu’s solar power generation reached a new peak on Saturday, surpassing the previous record with 40.9 million units (Mu) absorbed. This also marks the highest daily solar power generation in three months. Meanwhile, wind power generation saw a dip due to rain, but is expected to pick up in the coming days.

The global steam turbine market is projected to experience significant growth from 2024 to 2028, driven by the increasing demand for power generation and a growing focus on renewable energy sources. However, challenges like maintenance needs and emission standards will influence the market’s trajectory.

India’s hydropower generation is facing a significant setback due to the delayed monsoon and low reservoir levels, potentially impacting power supply during the peak demand season. The situation is exacerbated by El Nino’s influence, causing patchy rainfall and a prolonged dry spell, resulting in lower water storage in key reservoirs.

As India braces for a potential heatwave, the government has ordered all gas-based power plants to be operational from May 1 to June 30 to meet the anticipated increase in power demand. The move aims to avoid a repeat of last September’s record high demand of 243 gigawatts, which is projected to reach 260GW this summer. Despite the growing concerns over climate change, India’s National Electricity Plan estimates a surge in domestic coal consumption and production in the coming years.

The Ministry of Power has clarified that coal-based thermal plants can use linkage coal to offer surplus power in the power market. This move aims to optimize the utilization of generating stations as India anticipates a hotter-than-normal summer with a record peak demand of 260 GW. The clarification enables thermal power plants to sell surplus electricity generated using linkage coal in the power exchange. The Ministry has also instructed imported coal-based thermal power plants to operate at full capacity until October 15, and idling gas-based thermal plants to remain operational from May until the end of June.

Artificial Intelligence (AI) data centers are expected to contribute to a significant increase in natural gas demand in the second half of the decade. According to a report from Tudor Pickering Holt & Co, an additional 8.5 billion cubic feet of natural gas per day may be required to meet the growing power needs of AI data centers. This increased demand could have a positive impact on pipeline operators and gas producers.