Search Results for "Energy"

🇺🇸 ACEP: A new study explores interconnection of islanded power systems

September 25, 2023

Press release from ACEP Photo by Michelle Wilber/ACEP A person takes data from a solar farm in Shungnak, Alaska. Islanded power systems — local power grids that are not connected to a wider electric power system — generally cost more to maintain and are less stable compared to larger interconnected grids….

Press release from ACEP

A solar farm in Shungnak, Alaska
Photo by Michelle Wilber/ACEP A person takes data from a solar farm in Shungnak, Alaska.

Islanded power systems — local power grids that are not connected to a wider electric power system — generally cost more to maintain and are less stable compared to larger interconnected grids. The interconnection of islanded power systems can provide numerous advantages.

ACEP’s Power Systems Integration team and their partners studied techno-economic modeling of the interconnection of two remote communities in Alaska to explore the feasibility and the economic advantages of an electrical intertie as well as technical challenges.

This study, entitled “Evaluation of MVDC Electrical Interties Connecting Remote Communities: an Alaska Case Study” has been published here. This report is also available at no cost from ACEP.

For more information about this work, contact Mariko Shirazi at [email protected].


Originally published on 22 September. 

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🇫🇮 Fingrid will waive grid service fees and adjust the level of grid connection fees

September 21, 2023

Press release from Fingrid  Fingrid plans to waive grid service fees for a total of six months in 2024, thus reducing its customers’ grid service fees by approximately EUR 250 million. The plan is a reaction to the exceptionally large amount of congestion income. The company has already decided to waive the grid service fees…

Press release from Fingrid 

Fingrid plans to waive grid service fees for a total of six months in 2024, thus reducing its customers’ grid service fees by approximately EUR 250 million. The plan is a reaction to the exceptionally large amount of congestion income. The company has already decided to waive the grid service fees for January, February and June 2024. The decision to waive grid service fees for the remainder of the year will be made in the summer of 2024. The connection fees for new grid connections will be adjusted to reflect higher construction costs as of 1 January 2024.

Fingrid’s main grid investment programme will enable rapid growth in the production and consumption of renewable electricity and support the achievement of Finland’s climate targets 2035. Clean, affordable and reliable electricity is a key competitive advantage for Finland. As the power system expands and becomes increasingly complex, the costs of operating the system also increase. At the same time, fluctuations in the price of energy and large transmission volumes in the main grid increase uncertainty in Fingrid’s market-based cost items.

Due to exceptionally large area price differences in 2022, Fingrid accumulated a significant amount of congestion income. Congestion income accumulates for Fingrid from the Finland–Sweden and Finland–Estonia transmission connections. The use of congestion income is determined in EU regulations. Fingrid uses congestion income to finance investments that increase electricity cross-border transmission capacity and to cover operating costs and waives grid service fees for its customers. As for 2024, the decision has already been made to waive the grid service fees for January, February and June. The waiving of grid service fees for the remainder of 2024 will be confirmed in the summer of 2024. The presented plan will not affect the pricing of the company’s other services.

“Fingrid’s key objectives are to maintain the system security of the power system at a high level and to enable the growth of the power system based on renewable electricity. This also contributes to securing an affordable electricity transmission price. Fingrid prices its services based on costs. When variations in the company’s market-based costs increase, this is inevitably also reflected in customer pricing. In the future, it is possible that the size of grid service fees will be adjusted more frequently than once a year,” says Senior Vice President Jussi Jyrinsalo, who is responsible for grid planning at Fingrid.

Connection fees 1 January 2024

The grid connection fees will be updated as of 1 January 2024 to reflect the rise in substation connection construction costs in accordance with the principles for the grid connection fees. The connection fees will be raised on all voltage levels.


Originally published on 21 September. 

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🇳🇴 Aker Solutions earns Nyhamna M&M extension

September 20, 2023

Press release from Aker Solutions September 19, 2023 — Aker Solutions has secured a sizeable1) contract from Shell to provide brownfield modifications services and maintenance support for the Nyhamna facility in Norway. Shell, as technical service provider to Gassco, has executed an option to extend a framework agreement for another four years, or until September…

Press release from Aker Solutions

Shell, as technical service provider to Gassco, has executed an option to extend a framework agreement for another four years, or until September 2028. The scope of the contract includes maintenance and modification services on the onshore Nyhamna natural gas processing plant in Aukra. The plant serves the Ormen Lange field and is connected to the Polarled pipeline in the Norwegian Sea.

Aker Solutions has, since 2007, delivered projects and provided services to the Nyhamna facility, where gas first arrives onshore before it transports to the UK.

“This contract will be included in our already strong backlog built on long-term customer relations. We’re pleased that Shell is giving us renewed trust to be its main contractor on this significant facility, and look forward to continuing the successful collaboration,” said Paal Eikeseth, executive vice president and head of Life Cycle, Aker Solutions.

The contract is of significance to the over 150 Aker Solutions’ employees in Kristiansund.

“This extension secures work for our employees on site at Nyhamna, our engineering office in Kristiansund, and it will provide ripple effects to local subcontractors and others,” said Eikeseth.

The contract will be booked as part of Aker Solutions’ third-quarter order intake.

1) Aker Solutions defines a sizeable contract as between NOK 0.5 billion and NOK 1.5 billion.


Originally published on 19 September. 

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🇳🇴 General building permit for the hydrogen plant in Mosjøen in place

September 18, 2023

Press release from Gen2 Energy Gen2 Energy has now received a general building permit for the hydrogen plant in Mosjøen and for the associated administrative building. Vefsn municipality, which has processed the application, has approved Gen2 Energy’s plans for the green hydrogen production facility and the administrative building. The building permit recently granted to Gen2…

Press release from Gen2 Energy

Gen2 Energy has now received a general building permit for the hydrogen plant in Mosjøen and for the associated administrative building. Vefsn municipality, which has processed the application, has approved Gen2 Energy’s plans for the green hydrogen production facility and the administrative building.

The building permit recently granted to Gen2 Energy now opens up opportunities to proceed with the realization of the large-scale green hydrogen plant in Mosjøen. The building permit for the green hydrogen production facility in Mosjøen is groundbreaking for the hydrogen sector’s development in Norway. It is the largest hydrogen plant to have received a general building permit in Norway so far. The facility will have a production capacity of approximately 42 tons of green hydrogen per day.

Before actual construction can commence, Vefsn municipality must issue project start-up permissions for the various parts of the facility. Gen2 Energy is well underway in preparing the groundwork for the necessary project start-up permissions. The hydrogen plant will be a modern and environmentally friendly industrial facility. Safety has been carefully considered, and there is currently also an application to the DSB (Directorate for Civil Protection) for approval of the facility in accordance with the Major Accident Regulations.

The entire process of the building permit application has worked very well. The dialogue with the municipality’s administration beforehand and the processing of the application in the municipality’s building applications department have been orderly and efficient.

Neighbors and other affected authorities have had few comments to the plans for the hydrogen facility. The comments and questions directed towards the building application have been taken seriously and handled in a responsible manner. The facility, as it will appear, has been well-received by the local community in Mosjøen.

Lars Grimsmo, EVP for Project Development at Gen2 Energy, says:
The building permit application is a significant step towards the investment decision to commence construction of the facility. Together with our partners, we have put in significant effort in developing and planning the plant, including hydrogen production, transport and logistics solutions, and of course, safety covering all aspects of the production and transport of green hydrogen.”

Svein-Erik Figved, Head of Public Affairs at Gen2 Energy, says:
A new milestone in our steady work towards realizing the large-volume green hydrogen production facility has been reached. The hydrogen plant will be a forward-looking and modern industrial facility for the production of green hydrogen, which will be a crucial part of the necessary energy transition. Norway and Europe need more green energy products, and Mosjøen could become a central part of this.”


For further information, please contact
Svein-Erik Figved, Head of Public Affairs, +47 982 21 007, [email protected]
Lars Grimsmo, EVP for Project Development, +47 990 24 650, [email protected]

Gen2 Energy in brief
Gen2 Energy is a Norwegian company dedicated to developing, building, owning and operating an integrated value chain for green hydrogen. The company aims to have several large-scale production facilities for green hydrogen located in Norway and Northern Europe as well as an efficient distribution network that ensures safe and reliable delivery to customers. Gen2 Energy also aims to use low/zero emission fuel in its distribution system, with a holistic view of the climate and environmental footprint of the hydrogen value chainM


Originally published on 18 September. 

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🇸🇪 Ovako puts Sweden’s largest electrolysis plant into operation

September 8, 2023

Press release from BotH₂nia  Steel and recycling company Ovako has inaugurated the world’s first fossil-free hydrogen plant for heating steel before rolling in Hofors, Sweden. Heating steel products has so far required large amounts of fossil fuels. Ovako’s new hydrogen plant is the world’s first fossil-free hydrogen plant for heating steel before rolling, reducing this…

Press release from BotH₂nia 

Ovako puts Sweden's largest electrolysis plant into operation

Steel and recycling company Ovako has inaugurated the world’s first fossil-free hydrogen plant for heating steel before rolling in Hofors, Sweden.

Heating steel products has so far required large amounts of fossil fuels. Ovako’s new hydrogen plant is the world’s first fossil-free hydrogen plant for heating steel before rolling, reducing this production stage to near zero emissions. The fossil-free hydrogen will be used to heat steel at the adjacent rolling mill, but also for refueling fuel cell powered trucks and the excess heat will be used for district heating.

The fossil-free hydrogen plant is Europe’s largest in full operation. The technology solution for industrial heat offers the potential for major emission reductions globally, and not just in the steel industry.

The plant is Sweden’s largest electrolysis plant. An electrolyser is a device that uses electricity to split water molecules into hydrogen and oxygen, which together can be used as fuel.

The 20 MW plant will generate 3 880 cubic meters of fossil-free hydrogen per hour. More than 100 containers in volume, every hour, plus the oxygen that is also produced.

In addition to heating steel, the fossil-free hydrogen from the plant will be used for refueling fuel cell-powered trucks.

The technology solution can be used flexibly and can therefore contribute to strengthen the stability of the electricity grid, which in turn opens up for a higher degree of renewable energy sources. Furthermore, the residual heat can be disposed of in the district heating networks.

The investment of approximately SEK 180 million is supported by the Swedish Energy Agency via Industriklivet.

The plan is to use local hydrogen production in all Ovako’s units where steel is rolled by 2030, provided there is a good supply of fossil-free electricity.


Originally published on 8 September. 

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🇮🇸 Landsvirkjun’s Carbon Footprint Reduced by Half

September 6, 2023

Press release from Landsvirkjun Landsvirkjun’s carbon footprint, i.e., emissions minus sequestration, was approximately 2,800 tonnes CO2e for the first half of 2023, a reduction of 54% year on year. Carbon intensity never lower Read Semi Annual Climate Account 2023 Landsvirkjun’s carbon footprint, i.e., emissions minus sequestration, was approximately 2,800 tonnes CO2e for the first half…

Press release from Landsvirkjun

Landsvirkjun’s carbon footprint, i.e., emissions minus sequestration, was approximately 2,800 tonnes CO2e for the first half of 2023, a reduction of 54% year on year.

Carbon intensity never lower

Read Semi Annual Climate Account 2023

Landsvirkjun’s carbon footprint, i.e., emissions minus sequestration, was approximately 2,800 tonnes CO2e for the first half of 2023, a reduction of 54% year on year. Net carbon intensity was 0.38 gCO2e/kWh, a decrease of 55%. This is the best result since the Company started keeping a Climate Account.

The result aligns with Landsvirkjun’s Climate Action Plan and the goal of reaching carbon neutrality in 2025.

Furthermore, the carbon intensity has never been this low since Landsvirkjun started recording emissions, with a 15% reduction year on year, or 2.8 gCO2e/kWh for the first half of 2023.

The result is below the defined 4 gCO2e/kWh emissions threshold in the Company’s Climate and Environmental Policy and one of the lowest carbon intensities documented in the electricity generation sector. According to the EU Taxonomy, electricity generation can be considered climate change mitigation if carbon intensity is under 100 CO2e/kWh.

Landsvirkjun’s Semi-Annual Climate Account discloses this information. Total emissions from the Company’s operations during the period were approximately 20,700 tonnes CO2e, a reduction of 12% year on year. The drop is mainly due to a considerable decrease in emissions from geothermal energy generation (-23%), resulting from lower energy generation at the Krafla Power Station.

Emissions from fossil fuel combustion were reduced by 18% year on year. Landsvirkjun follows a systematic approach to replacing fossil-fuelled vehicles and equipment with new ones fuelled with green energy. The Company aims to stop purchasing fossil fuels in 2030.


Originally published on 4 September. 

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🇷🇺 Plotting Russian exit, Wintershall Dea says rest of business is strong

September 6, 2023

Wintershall Dea has relied on Russia for decades but decided to halt operations, including joint ventures with Gazprom and its stake in the Nord Stream pipeline, in the wake of Moscow’s invasion of Ukraine. Photo shows a gas processing facility, operated by Gazprom company, at Bovanenkovo gas field on the Yamal…

Wintershall Dea has relied on Russia for decades but decided to halt operations, including joint ventures with Gazprom and its stake in the Nord Stream pipeline, in the wake of Moscow’s invasion of Ukraine. Photo shows a gas processing facility, operated by Gazprom company, at Bovanenkovo gas field on the Yamal Peninsula. (Maxim Shemetov / Reuters File Photo)

FRANKFURT/DUESSELDORF (Reuters) -German oil and gas producer Wintershall Dea on Wednesday tried to assuage fears that the hit from its planned Russian exit would be too painful, saying its remaining operations were strong and stable.

Chief Executive Mario Mehren told Reuters that the company considered its Germany, Norway, North Africa and Latin America businesses as core to safeguarding future gas and oil production as well as shifting to green gases and carbon management.

“Our remaining portfolio is a strong and balanced one in which we ensure sensible risk diversification,” he said.

Wintershall Dea has relied on Russia for decades but decided to legally separate its local activities, including joint ventures with Gazprom and its stake in the Nord Stream pipeline, in the wake of Moscow’s invasion of Ukraine.

That essentially strips it of half its output and 60% of its reserves.

Mehren said that Russian authorities were making an exit difficult, a fate shared by other Western groups, which, according to sources, face strenuous demands, including large discounts, as a price to divest their local assets.

“In Russia there is a high level of negative creativity in order to keep building up new hurdles (when separating) and making it more difficult for us to withdraw,” he said.

His comments come a day after Wintershall Dea, a joint venture of BASF and Russian billionaire Mikhail Fridman’s investment firm LetterOne, announced it would axe a quarter of jobs as a result of the Russian exit.

The move is part of efforts by Germany to sever ties with what was formerly the country’s most important energy partner and biggest supplier of natural gas, a direct response to Russia’s invasion of Ukraine.

Wintershall Dea, Uniper and SEFE, formerly Gazprom Germania, have been among the German firms most affected.

The legal separation of its Russian assets was expected to be completed by mid-2024, leaving open whether this included a possible sale, Wintershall Dea said.

It confirmed investments would be between 1 billion and 1.2 billion euros ($1.1 billion to $1.3 billion) in 2023, but said the final amount would likely be in the mid to lower part of that range.

Wintershall Dea’s stake in the WIGA pipeline company, which Wintershall Dea shares 50/50 with nationalised SEFE, may or may not be considered for sale, now that its role in transporting Russian pipeline gas has ended, Mehren said.

“(WIGA) can become a strategic investment in the direction of hydrogen, carbon management, or new energies,” he said.

($1 = 0.9322 euros)

(Reporting by Vera Eckert and Tom Kaeckenhoff; Writing by Christoph Steitz; Editing by Miranda Murray, Peter Graff and Alexander Smith)

 

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🇳🇴 Vår Energi welcomes Nick Walker as new CEO

September 6, 2023

Press release from Vår Energi Vår Energi CEO, Nick Walker. Nick Walker joins Vår Energi as the new Chief Executive Officer (CEO) to spear-head the company’s strategy execution, market engagement and stakeholder management.  I am both exited and humbled. Excited by the opportunity to lead one of the world’s fastest growing…

Press release from Vår Energi

Vår Energi CEO, Nick Walker first day
Vår Energi CEO, Nick Walker.

Nick Walker joins Vår Energi as the new Chief Executive Officer (CEO) to spear-head the company’s strategy execution, market engagement and stakeholder management.

 I am both exited and humbled. Excited by the opportunity to lead one of the world’s fastest growing oil and gas companies with 1,000 highly skilled employees, which will be joined by a further 300 colleagues from Neptune Energy Norway next year. Humbled by Vår Energi’s over 50 years of NCS track record and focus on responsible value driven growth as a provider of energy to millions of Europeans, said Nick Walker.

Walker brings with him over 30 years of international experience from technical, commercial, and executive leadership roles. He will lead Vår Energi as the Company executes its plan for growing production to above 350,000 barrels per day by end-2025, with additional upside from taking over Neptune Energy Norway.

Vår Energi is committed to safe and reliable operations and has a clear decarbonisation strategy based on electrification of offshore assets combined with technological development and investments in low-emission solutions. I’m looking forward to getting to know all our employees in Stavanger, Hammerfest, Oslo and offshore. Together we can take Vår Energi to the next level, realising the vision of delivering a better future, Walker added.

Nick held the position as CEO of Lundin Energy until mid-2022 when it was acquired by Aker BP, and has previously worked with BP, Talisman Energy, Africa Oil and Vedanta – Cairn Oil & Gas. 

Vår Energi’s former CEO, Torger Rød, has assumed the new role as Chief Operating Officer (COO) with a special focus on continuous improvement, integration of Neptune Energy Norway and transformation of the company. 

Contact

Andreas Wulff
VP Communications
926 16 759


Originally published on 5 September. 

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🇳🇴 Fabrication begins on major projects Yggdrasil and Valhall PWP Fenris

September 6, 2023

Press release from Aker Solutions The next two large offshore development projects to be built on the Norwegian Continental Shelf —Yggdrasil and Valhall PWP-Fenris — entered the construction phase today. The milestone was celebrated by cutting the very first steel plates for Hugin A and Valhall PWP at Aker Solutions’ Stord yard. “These projects contribute…

Press release from Aker Solutions

The next two large offshore development projects to be built on the Norwegian Continental Shelf —Yggdrasil and Valhall PWP-Fenris — entered the construction phase today.

The milestone was celebrated by cutting the very first steel plates for Hugin A and Valhall PWP at Aker Solutions’ Stord yard.

“These projects contribute high value creation and extensive ripple effects across the entire industry. Aker Solutions will have recruited more than 2,000 new colleagues in Norway, in addition to 100 new apprentices every year, going forward,” said Sturla Magnus, executive vice president, New Build, for Aker Solutions.

Aker Solutions and alliance partners on 16 December 2022 signed contracts with Aker BP worth a total value for Aker Solutions of close to NOK 50 billion, which was the company’s highest ever quarterly order intake.

A large part of the scope is four new offshore platforms including steel jackets. The two largest — Hugin A and Valhall PWP — will be assembled and delivered from Aker Solutions yard at Stord. The work will be done together with Aker BP, Siemens Energy and ABB in the fixed alliance facilities. Cutting the first steel plates for Hugin A and Valhall PWP marked an important milestone for these major projects. Aker BP’s project director for Hugin A, Håkon Skofteland, and project director for Valhall PWP-Fenris, Rannveig Storebø, had the honor of pressing the start button, under supervision of Aker Solutions apprentices, Denise Åkerøy and Tor Litlabø.

“This day is important not only for Aker BP, Aker Solutions, license partners and strategic partners, but for the entire supplier industry. After years of engineering and preparations, we are now entering the construction phase. These projects will involve hundreds of suppliers and provide large ripple effects in the form of revenue and jobs in local communities throughout large parts of Norway”, said Magnus.

Hugin A is a part of the Yggdrasil development and consists of a 28-tonne production platform and a 20,500 tonne steel jacket that will be delivered from Aker Solutions yard in Verdal. In addition to Stord and Verdal, Aker Solutions’ yards in Egersund and Sandnessjøen will build modules, while Leirvik AS will deliver the living quarters. Hugin A will be the largest topside ever assembled in the Stord yard area.

Valhall PWP is a 16,000-tonne production platform for the Valhall field that will be assembled at Stord. The 9,500 tonne steel jacket will be delivered from Verdal. In addition, Sandnessjøen, Worley Rosenberg and Nymo in Arendal will contribute to the construction work.

The field developments also include the two unmanned platforms Hugin B and Fenris, which will be delivered from Verdal, while Aibel deliver the topside for Munin.

Aker Solutions also has considerable subsea and modification deliveries to the Yggdrasil and Valhall PWP-Fenris fields.

The projects provide activities and revenue that are important for the further development of the industry in the years to come. The majority of Aker Solutions 9,000 employees at the company’s 14 Norwegian locations will work on the execution of these and other projects that have come as a result of a stimulus program adopted by the Norwegian parliament in 2020.

“In the transition to an industrial future of more renewable energy projects, these large installations give Aker Solutions the opportunity to plan long-term. Through a series of upgrades of our yards and facilities, extensive competence-building measures and considerable investments in digitalization, robotization and other technology, we improve our efficiency in the execution of these projects and strengthen our competitiveness. This will also provide a solid foundation, as we gradually increase our activity aimed at renewable energy markets, said Magnus.

Including the knock-on effects to suppliers and surrounding communities, Aker Solutions’ enterprise in the area contributes to thousands of jobs. Projects won by Aker Solutions as a result of the stimulus package will allow for the recruitment of more than 2,000 new colleagues in Norway, as well as 100 apprentices a year, going forward.


Originally published on 4 September. 

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🇳🇴 Hydro partners with Shell Energy to decarbonize UK operations

September 6, 2023

Press release from Norsk Hydro From left to right, Roger Ablett, Managing Director for Hydro Extrusions in UK, Greg Kavanagh, Head of Industrial & Commercial Sales at Shell Energy and Ian Bould, HSE, Quality and Sustainability Director for Hydro Extrusions in UK. Photo: Colin Whyman/Hydro Hydro has signed a three year…

Press release from Norsk Hydro

a group of men posing for a photo
From left to right, Roger Ablett, Managing Director for Hydro Extrusions in UK, Greg Kavanagh, Head of Industrial & Commercial Sales at Shell Energy and Ian Bould, HSE, Quality and Sustainability Director for Hydro Extrusions in UK. Photo: Colin Whyman/Hydro

Hydro has signed a three year contract with Shell Energy to help decarbonize its UK operations. The agreement covers a yearly supply of 56 GWh electricity and 144 GWh gas to Hydro’s plants in the UK. With this contract, Hydro reduces its Scope 2 emissions in the UK by 11,000 tons of CO2 per year.

As part of the deal, Hydro will receive renewable electricity from the Rhyl Flats windfarm in Wales. The electricity is certified with a Renewable Energy Guarantee of Origin. The windfarm is situated 8 kilometers off the coast of Llandudno and with 25 turbines, it is the second largest windfarm in Wales, with 90 MWh of installed capacity.

Hydro is working to become a more sustainable company and is already offering some of the greenest aluminium products available under the Hydro Recycled Aluminium and Hydro Low-Carbon Aluminium brands. By recycling aluminium parts from old windows, car parts and other sources of post-consumer scrap, Hydro can keep the carbon footprint of Hydro Recycled Aluminium at 2.3 kilo CO2 per kilo aluminium. This is less than one third of the average carbon footprint of aluminium consumed in Europe[1].

The efforts to reduce own emissions through sourcing of renewable energy and to improve own production processes to make them greener complements the product offering. 

“We are always looking for new and innovative solutions to decarbonize our own operations. This is considered a board level priority, so when it came to finding the perfect energy partner for our UK operations, we were looking for a long-term partner that could support our transition to net-zero. Shell Energy demonstrated extensive understanding of our business, our sector and our ambitious decarbonization roadmap,” says Lars Lysbakken, Energy Portfolio Manager at Hydro. 

With a commitment to environmental best practice, Hydro is working hard to accelerate its green transition, with the ultimate target to become net-zero by 2050. Hydro’s Operational Sustainability Roadmap sets stringent targets when it comes to reducing carbon, energy, waste and water, with zero waste to landfill. The adoption of electric forklifts, automated cooling towers, energy harvesting and a pioneering air leak program are all planned for implementation by 2025. 

The Renewable Energy Guarantee of Origin from the Rhyl Flats Offshore Wind Farm was an important part of the agreement. Hydro is committed to using less energy and it is important that the operations will now be powered entirely by renewable electricity. 

“Rather than a transactional agreement, we see our contracts as long-term strategic collaborations, an opportunity to accelerate our customers’ journeys to net-zero. In the case of Hydro, we were able to offer a solution that is perfectly aligned to its Operational Sustainability Roadmap. We are looking forward to working in close partnership with the team in the long-term to offer our knowledge, guidance and support,” says Greg Kavanagh, Head of Industrial & Commercial Sales at Shell Energy.


Originally published on 5 September. 

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