The charge of the most interesting events in the world of energy has become a traditional symbol of the Friday afternoon. Keep up to date with the latest news that can change our future together with Ukrenergo review. Today, we suggest you look through the following:
1. Siemens introduced the world’s largest technology solution for grid stabilization. The Indian subsidiary of the German industrial automation giant Siemens AG announced the deployment of the world’s largest technology solution to stabilize the grid in the town of Rourkela located in the northern part of Odisha region. The 400 kV static synchronous compensator, better known as STATCOM, was commissioned for a local substation operated by Power Grid Corp (PGCIL). Siemens manufactured the basic equipment for this technology solution at its plant in Goa in 22 months.
The STATCOM installation controls the variations in power transmission, occurring due to different grid conditions. This ensures the reliable supply of electricity with constant voltage and frequency. “This will lead to improved stability and higher availability of Eastern Region Grid,” Powergrid Chairman and Managing Director I S Jha said. It should also be noted that this was the first STATCOM order developed and commissioned by Siemens. This development is undoubtedly the latest technology solution in a large series of company’s research known as Flexible AC Transmission Systems (FACTS), currently being implemented and tested in India.
2. China to invest USD 38 billion in Brazil power sector. The power company China State Grid Corp Ltd will invest 140 billion reals (about USD 38 billion) in Brazil power sector over the next five years, including investments in transmission and generation. As mentioned by Qu Yang, Vice President of the State Grid’s Brazilian unit, at the Sao Paulo conference, investments in the electricity transmission segment would amount to over 90 billion reals (more than 60 percent of the portfolio). He also said the company saw significant potential for the development of solar and wind energy in Brazil, particularly in the northeast Bahia and Rio Grande do Norte, as well as in the South.
According to the company’s official, the company plans to use ultrahigh voltage technology to transmit huge volumes of energy at long distances with low losses. This will help to supply electricity to remote areas, which in turn can generate large volumes of wind and solar power for the needs of population centers in Rio de Janeiro, Sao Paulo and other parts of America. Qu Yang also noted that other big power generation companies were concerned about the growth of wind generation far exceeding the demand. However, the solution to this problem may be the installation of transmission lines aimed to transmit electricity in the areas with unsatisfied needs. According to the Chinese manager, the electricity produced in Brazil can be transported even to the United States.
3. The largest battery in Europe is ready for use. The largest battery in Europe, EnspireME, is now ready to supply reserve capacity to the European electricity grid. The battery was officially launched by joint owners of Eneco and Mitsubishi Corporation. The battery is located in Jardelund in the north of Germany and was constructed in approximately eight months. The official opening of the event was attended by Dr. Robert Hubeck, the Environment Minister of Schleswig-Holstein, and Gudrun Lemke, the Mayor of Jardelund.
EnspireME has a capacity of 48 MW and contains about 10,000 lithium-ion batteries. This is sufficient for storing electricity for about 5,300 German households within 24 hours. The battery will be used for the primary reserve market, where European transmission system operators purchase the reserve capacity they need to ensure the 50 Hz frequency on the grid. The battery will further enhance the stability of the power system.
It is also worth noting that with the support of the German federal state of Schleswig-Holstein, Eneco and Mitsubishi corporations are also investigating the possibilities of connecting local wind farms to the battery. This will be a convenient solution in the case of overproduction of electricity at local wind farms since the generated power can temporarily be stored in the battery. In turn, this will help prevent a situation in which grid operators require the owners of wind turbines to switch off their wind turbines.
4. The purpose of the Paris Agreement is to ensure that electricity accounts for 60 percent of the EU energy consumption. The share of electricity in the final energy consumption of the European Union should reach 60 percent so that the EU managed to reduce emissions by 95 percent by 2050, as specified by the Paris Agreement. This is stated in the report titled “Decarbonisation Pathways” issued by Eurelectric, the trade body of the European power sector. The document was unveiled at a press conference in Ljubljana (Slovenia).
The Eurelectric study covers 100 percent of final energy consumption in the EU. It revealed a close link between electrification and a deep decarbonization of the economy. In particular, in order to achieve key indicators for decarbonization, electricity consumption in the EU should grow by 1.5 percent annually, while overall energy consumption should be reduced by 1.3 percent per year.
Francesco Starace, President of Eurelectric and CEO of Enel, said that European institutions play a key role in shaping the policy of decarbonization, so urgent measures must be taken to boost the transition to a more electrified energy scenario. In order to achieve a complete decarbonization by 2050, the electrification of transport and buildings should reach 63 percent, while the overall industrial level must be at least 50 percent.
The analysis presented in the report is the result of a comprehensive consultation process with power companies and producers of electricity, carried out with the analytical support of McKinsey & Company. The only thing left is to implement the declared objectives, which is quite possible for the most powerful political alliance in the world.
5. Wind and solar power to reduce corporate energy costs by 40 percent. The continuing fall in the cost of wind and solar power plants, as well as the emergence of new energy-efficient solutions, allowed large corporate and industrial users to reduce their energy costs by 40 percent. This assessment was shared by Sanjeev Gupta and his team at SIMEC ZEN Energy. They analyzed such savings from the establishment of large-scale solar panels and battery storages on the example of Whyalla steelworks and other large energy consumers. In addition, the Korean industrial giant Sun Metals, which recently connected its own solar power plant with a capacity of 124 MW to the grid, also expects similar savings.
It is to be recalled that at the beginning of this spring, Apple and Google announced their full transition to 100-percent “green” energy use. However, for the sake of justice, we should note that both Google and Apple do not provide themselves with renewable energy for all 100 percent. This is also true for the above-mentioned Sun Metals and Whyalla. Instead, they purchase the necessary volumes from other companies. That is, the offices, shops and other objects receive the same electricity from city electricity grids as those located next to the buildings. However, “traditional” electricity is then compensated by “green” power. So far, technological corporations do not provide data on savings but obvious economic benefits of using renewable energy for them go in line with reputational ones. In any case, the transition of industrial enterprises to “green” energy, additionally confirmed by cost savings, opens a great future for the whole industry.