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GE Renewable Energy announces 494 MW orders with ENGIE for projects in Oklahoma and South Dakota

GE Renewable Energy announced that it has been selected by ENGIE North America to supply 180 onshore wind turbines for two wind projects

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GE Renewable Energy announces 494 MW orders with ENGIE for projects in Oklahoma and South Dakota
GE Renewable Energy announces 494 MW orders with ENGIE for projects in Oklahoma and South Dakota. Image: GE

GE Renewable Energy announced that it has been selected by ENGIE North America to supply 180 onshore wind turbines for two wind projects. The agreements include 88 2.8-127 turbines for the King Plains wind project in Oklahoma, and 92 2.7-116 turbines for the first phase of the Triple H Wind project in South Dakota.

Construction on the projects began this year, and both projects are expected to reach commercial operation in the second half of 2020. With these latest projects, ENGIE North America has contracted with GE Renewable Energy for 885 MW of new wind turbines in the past year, demonstrating a strong effort towards expanding renewable energy in the US.

Vikas Anand, GE Renewable Energy’s CEO for Onshore Wind, Americas, said, “We’re delighted to partner with ENGIE on these projects. Our best-selling 2 MW turbines are a great fit for Engie’s needs, and we’re proud to help bring additional clean, affordable, renewable energy to their customers in Oklahoma and South Dakota.”

The US wind market remains strong. According to the American Wind Energy Association, the second quarter of 2019 saw a record wind capacity of nearly 42 GW under construction or in advanced development, a 10 percent increase over the level of activity this time last year.

GE Renewable Energy was recognized by AWEA as the top manufacturer of wind turbines in the US in 2018, supplying over 3 GW of capacity, or 40 percent of the total onshore wind energy installed nationwide in 2018.

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Environment

Cochin Shipyard Limited received Green Co rating

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Cochin Shipyard Limited received Green Co rating. Image: CSL
Cochin Shipyard Limited received Green Co rating. Image: CSL
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Cochin Shipyard Limited, a  public sector enterprise under the Ministry of Shipping, Govt. of India has earned the distinction of becoming the first company in the Shipping sector to be certified by Confederation of Indian Industries (CII) for the Green CoSilver rating .

CSL has now joined the handful of big companies like IOCL, HPCL, BPCL, ONGC, GAIL, Indian Railway which have already been certified. This certification is considered ‘very special’, as it was obtained in a pandemic Covid19 situation and the process was completed in a short time.

“Greenco” rating is awarded to a company which meets set norms in implementation of ‘Green’ environment friendly facets in their production activities, conserve and is persistently endeavouring to move towards greener renewable energies like solar/wind etc.

The award is based on performance evaluation of the Company under various parameters such as Energy Efficiency, Water Conservation, Renewable Energy, Green House Gas Emission, Waste Management, Material Conservation, Recycling and Recyclability, Green Supply Chain, Product Stewardship & Life Cycle Assessment, Innovation for Environment, Green Infrastructure and Ecology.

That CSL could achieve the Level-3 Silver Rating at the outset is considered as a great achievement for the Company.

The Green Co rating certificate was awarded to CSL at the CII GreenCo Rating Award Ceremony (Virtual Event) during the 9th Edition of GreenCo Summit 2020 on 07th Oct.2020, on the CII HIVE Virtual Platform.

The GreenCo silver rating will boost CSL’s effort at achieving world class competitiveness and provides new opportunities for cost reduction, enhances the Company’s Corporate Green image, credibility & also creates transparency among stakeholders. The GreenCo silver rating is also expected to pave the way for CSL to put up a strong long-term roadmap for ecologically sustainable business growth.

 

Cochin Shipyard Limited received Green Co rating. Image: CSL

Cochin Shipyard Limited received Green Co rating. Image: CSL

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Maritime

A new microgrid electricity trading platform in Port of Rotterdam

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A new microgrid electricity trading platform in Port of Rotterdam. Image: Port of Rotterdam
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The first high-frequency decentralized energy trading platform was successfully piloted at the Port of Rotterdam. Jointly developed by S&P Global Platts and BlockLab, Distro is a new microgrid electricity trading platform that leverages both Artificial Intelligence and Blockchain’s distributed ledger technology.

Under the ongoing trial that commenced in August 2020, commercial energy consumers in the Port of Rotterdam’s iconic innovation dock, where the world’s largest submarines once used to slip off the ramp, used the Distro microgrid trading platform to actively trade renewable energy derived from solar and battery storage, matching demand with intermittent power generation. The results of the trial saw:

• Establishment of dynamic local energy prices that lowered the cost for energy users by 11%, while offering a 14% improvement in revenues for local producers of renewable energy.

• 92% consumption of on-site solar generation, overcoming historic wastages

• 32 commercial energy consumers utilized the fully automated AI trading marketplace to balance local electricity demand and supply

• Battery storage return on investment increased 20%

• 20 million blockchain-validated, cleared and settled transactions

• Once fully scaled across the Port of Rotterdam’s activities, Distro’s transparent market design has shown the potential to support businesses in delivering carbon reduction saving of up to 30 million tonnes

During the trial, the participant buyers and sellers of renewable energy were able to access dynamic local energy prices that reflects their supply and demand balances. The responsiveness of localized prices encourages buyers to consume less when renewable generation is low by holding off until more plentiful supplies are available and in doing so, benefit from lower prices. The unique system builds upon proven practices in commodities and financial market, repackaged for the AI world. The positive results of the pilot validate the technical and commercial potential for Distro to be deployed in other locations around the world.

Nico van Dooren, Director New Business Development & Portfolio, Port of Rotterdam said: “The successful completion of our trial of the Distro new microgrid trading platform is a win-win in encouraging fair and transparent prices as well as cost efficient consumption of renewable energy for our tenants. Balancing local electricity needs with local generation holds the key to unlocking significant grid infrastructure savings. We are excited about the prospects of scaling this solution and the meaningful contribution it can make towards helping The Port of Rotterdam become carbon neutral by 2050.”

The new Distro trading platform was co-developed by S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets and Blocklab Rotterdam, the Port of Rotterdam’s blockchain innovation hub. Distro’s rule based methodology draws on Platts 100 year experience of assessing commodity prices around the world.

“The blending of high frequency AI trading capabilities with the benefits offered by blockchain security is a landmark achievement. Distro brings seamless and tangible benefits of lower prices, improved payback on batteries and solar panels while maximizing the use of renewable energy,” said James Rilett, Head of Innovation, S&P Global Platts. “Market feedback has highlighted the need for a new generation of marketplaces, like Distro, to be at the forefront of addressing climate change by helping power energy transition projects around the world.”

Distro offers users in the Port of Rotterdam robust prices that instantly respond to changes in local supply and demand fundamentals while providing incentives for consuming and storing energy. The platform draws on proven security offered by blockchain smart contracts which uphold market rules, validate transactions and manage identities to ensure reliability and anonymity in the dynamic trading environment. All transactions are immutable and cryptographically verifiable, standing up to industry-level audit requirements.

The platform provides every market participant with an AI enabled ‘energy trading agent’ software tool that learns the user’s energy needs, preferences and behaviors. It analyses billions of data points in real-time, automatically buying and selling energy at the best price for the user. ABN AMRO’s Banking as a Service sandbox provided a seamless banking environment where virtual accounts were attributed to users and executed transfers as instructed by the marketplace.

Janjoost Jullens, Director, BlockLab Rotterdam said: “Working with the Port of Rotterdam and S&P Global Platts forced us to focus on business reality and meeting industry standards. We are very proud we can now equip the emerging decentralized power markets with the tools of professional electricity traders – driving up their returns on renewables and minimizing infrastructure investments needed.”

Traditional power grids have come under increasing strain arising from supply-side volatility and ultimately rising costs as the world transitions towards electrification and addresses renewable energy targets. Decentralization alleviates the need to add expensive power grid infrastructure by aligning local demand with supply on the power distribution network, through incentives for demand response due to shifts in energy usage or battery charge/discharge. As renewable generation can vary second to second, these incentives change in real time.

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Environment

Ørsted and Yara partner to develop green ammonia project 

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Ørsted and Yara partner to develop green ammonia project. Image: Orsted
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Ørsted, the world’s leading offshore wind developer, and Yara, the world’s leading fertilizer company, have joined forces in developing a pioneering project aiming at replacing fossil hydrogen with renewable hydrogen in the production of ammonia with the potential to abate more than 100,000 tonnes of CO2 per year, equivalent to taking 50,000 conventional cars off the road. If the required public co-funding is secured and the right regulatory framework is in place, the project could be operational in 2024/2025.

Yara and Ørsted share the vision of creating a sustainable future through being first movers and have joined forces to develop a 100 MW wind powered electrolyser plant for renewable hydrogen production, aiming to replace fossil-based hydrogen with renewable hydrogen for ammonia production in Yara’s Sluiskil plant, located in the Dutch province of Zeeland. The renewable hydrogen would generate around 75,000 tons of green ammonia per year – approx. 10% of the capacity of one of the ammonia plants in Sluiskil – based on dedicated renewable energy supply from Ørsted’s offshore wind farms. Ørsted is about to inaugurate its Borssele 1&2 offshore wind farm, the second biggest in the world, located off the coast of Zeeland close to the Sluiskil plant.

The green ammonia is intended to be used in the production of carbon neutral fertilizer products, decarbonizing the food value chain, and also has potential as a future climate neutral shipping fuel.

Hydrogen produced from renewable energy sources offers a carbon-free alternative to fossil-based hydrogen, but currently comes at a significantly higher cost. Closing this cost gap takes time and will depend on public support to supplement private investments in large-scale renewable hydrogen and ammonia production. Ørsted and Yara will therefore now seek public co-funding for the development and construction of the 100MW electrolyser facility to support the project. Subject to sufficient co-funding and a confirmed business case, a final investment decision to build the new plant could be taken late 2021 or early 2022.

“Ørsted is committed to investing in renewable hydrogen production at scale, and with the right support in place this joint flagship project between Yara and Ørsted will not only lead to a significant reduction of CO2 emissions, but also help mature the technology for the wider decarbonisation of European industry”, says Martin Neubert, Executive Vice President and CEO of Ørsted Offshore.

“Green ammonia can be essential to enable sustainable food production, in addition it is emerging as the most promising carbon neutral energy carrier for several energy applications, such as decarbonized shipping fuel. Teaming up with Ørsted in this project in the Netherlands represents a major step forward in enabling Yara to deliver on its strategic ambitions”, says Terje Knutsen, Executive Vice President and head of Farming Solutions in Yara.

With its abundant offshore wind resources and large hydrogen consumption centres in coastal areas, the Netherlands are well-positioned to lead the way in the green transformation of heavy industry powered by offshore wind, while securing the competitiveness of key industrial sectors and creating economic activity and jobs. This project can be a milestone on the hydrogen roadmap of the Smart Delta Resources cluster in Zeeland, and an important step in the scaling of renewable hydrogen in the Netherlands towards 3-4 GW by 2030.

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