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Scaling power solutions to net zero by 2050 hindered by funding gaps

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Achieving net zero emissions by 2050 requires substantial financial support, but experts at the London Climate Technology Show 2024 highlighted a persistent lack of investment in key sectors like carbon capture, grid efficiency, and decarbonizing buildings. Speakers pointed to over-regulation and misaligned funding priorities as significant barriers.  Teele Niidas, CMO of UP Catalyst, stressed the need to redirect trillions invested in technologies like AI towards scalable carbon capture solutions with clear financial returns.  Celestine Cheong…

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Jakson Green achieves milestone for methanol production for NTPC

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Jakson Green, in collaboration with NTPC, has synthesized methanol from carbon dioxide captured at NTPC’s Vindhyachal Thermal Power Plant in Madhya Pradesh.  The project, led by NTPC’s R&D unit, NETRA, captures CO2 directly from flue gas emissions and converts it into methanol, a clean fuel for power generation and transportation. This achievement marks the first instance of methanol production from captured carbon in India and is part of Jakson Green’s broader Power-to-X portfolio. The company…

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GE Vernova completes FEED studies to cut emissions in Saudi plants

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Electric services company GE Vernova, in collaboration with Saudi Arabia’s Ash Sharqiyah Operations & Maintenance Company (ASHOMCo), has completed three front-end engineering design (FEED) studies to reduce net carbon emissions at three cogeneration plants in Saudi Arabia.  These plants, equipped with GE Vernova’s 7E and 7F gas turbines, collectively generate up to 920 MW of power and 1,400 tonnes per hour of steam, providing energy for around 920,000 homes. The FEED studies explored pre-combustion and…

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NTPC’s NETRA develops indigenous catalyst for CO2 to methanol conversion

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NTPC‘s R&D division, NETRA, in collaboration with the Indian Institute of Petroleum (IIP) Dehradun, has developed an indigenous catalyst for converting CO2 into methanol.  This catalyst, crucial for chemical synthesis, facilitates CO2 hydrogenation and is currently being tested in a 10 kg/day methanol pilot plant. In this process, 1 mole of CO2 and 3 moles of H2 are passed through a fixed-bed downflow reactor, producing methanol with over 99% purity. This initiative represents NTPC’s commitment…

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Pilot Energy receives offer from for Three Springs solar plant in Australia

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Pilot Energy has confirmed a non-binding A$11.5 million ($7.75 million) proposal from EDP Renewables APAC to acquire the 376 MW Three Springs solar photovoltaic power plant in Western Australia. The offer is structured in staged payments, with finalisation pending due diligence and an asset sale agreement by the end of 2024. Located 310 km north of Perth, the Three Springs solar project is a key component of Western Australia’s Mid-West Clean Energy Project, aimed at…

Power Sector News Roundup for October 8, 2024

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Global: Malaysia’s power utility partners with Keppel to supply 100 MW in cross-border deal Taihan Cable secures contract for Singapore’s 400 kV power grid Runergy launches solar module manufacturing facility in US EET to develop UK’s first large-scale low-carbon hydrogen hub CWP Global to develop 600 MW green hydrogen project in Angola India: IEX posts 24% growth in trading volume, REC prices hit all-time low in September 2024 GAIL, AM Green signs MoU to jointly…

Power Sector News Roundup for October 4, 2024

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Global Development: TotalEnergies kick-starts its largest US utility-scale solar farms with batteries. GE Vernova to supply 38 turbines for Boulder Creek Wind Farm in Queensland. RES sells 436.5 MW Tarong West Wind Farm to Stanwell in Australia. Texas approves Permian Basin Reliability Plan to meet rising electricity demand. China has invested over $100 billion overseas in cleantech since 2023. Axess Technologies secures cable installation contract for Denmark’s Thor offshore project. Powin secures $200 million credit…

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Natural Hydrogen: A Low-Cost, Low-Carbon Alternative for a Net-Zero Carbon Future

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Most hydrogen used today is produced from fossil fuels, primarily natural gas, through processes like steam methane reforming. These processes are carbon-intensive and release large quantities of CO2, making them unsuitable for a net-zero future. Green hydrogen, produced through electrolysis powered by renewable energy, and blue hydrogen, produced with carbon capture and storage (CCS), are considered clean alternatives. However, these methods are costly, and green hydrogen faces challenges due to the intermittency of renewable energy…