Jupiter Power’s Post

More than 2,700 megawatts of new gas generation will fire up in 2024. This will be the largest ever addition of natural gas-fired power to the provincial grid in a single year. Dr. Shaffer, a former energy trader with TransAlta Corp., said in an interview that prices will likely drop substantially come March, when Cascade and Genesee come online. He said the additions will see prices plunge to around $0.10/kwh, or even into single digits. The bulk of the new electricity coming online is from three projects: The 900-megawatt Cascade plant in Edson, about 200 kilometres west of Edmonton; an 800-MW cogeneration project at Suncor Energy’s oil sands Base Plant; and the repowering of Genesee 1 and 2, a coal-to-gas conversion plant southwest of Edmonton, bringing just over 930 MW to the grid. https://lnkd.in/gk5X6D6R

More than 2,700 megawatts of new gas generation will fire up in 2024. This will be the largest ever addition of natural gas-fired power to the provincial grid in a single year. Dr. Shaffer, a former energy trader with TransAlta Corp., said in an interview that prices will likely drop substantially come March, when Cascade and Genesee come online. He said the additions will see prices plunge to around $0.10/kwh, or even into single digits. The bulk of the new electricity coming online is from three projects: The 900-megawatt Cascade plant in Edson, about 200 kilometres west of Edmonton; an 800-MW cogeneration project at Suncor Energy’s oil sands Base Plant; and the repowering of Genesee 1 and 2, a coal-to-gas conversion plant southwest of Edmonton, bringing just over 930 MW to the grid. https://lnkd.in/gtmjbT3U

Further to the conversation of energy security, addition, transition a good article on the "Staying power of Oil and Gas Pipelines" by Stacey Morris, CFA

We could be doing the same in BC. Instead the SpendDP are intent on setting up wind and solar farms. Not going to generate even half the power needed to replace what is already being provided by natural gas in BC.

A record 2.7GW of new dispatchable baseload gas generation will come online in 2024 in Alberta. Burns & McDonnell was involved in two of these incredible projects - Kineticor 900MW Cascade plant, Capital Power's Repowering with 900-MW at Genesee 1 & 2 and the 3rd one will be Suncor's 800MW cogeneration project at Base Plant. Expect electricity prices to fall from the recent highs of $0.32/kWh to around $0.10/kWh come next spring which is good news for the consumers and for stability of Alberta's energy market

Given the relatively large magnitude of installed wind and solar generation capacity in Texas, combined with the lack of interconnection to other regionally managed grids, I wonder how much power curtailment occurs from these generation resources when wind or solar peaks exceed demand. If it’s significant, I’d argue that storage (battery or otherwise) should qualify for these up to 60% match 3% low interest loan deals. Subjective to an all-in analysis of costs, including capex (inclusive of cost per MWh energy capacity stored as well as operating lifetime and decommissioning) and especially opex like fuel and maintenance and grid management. I also agree with those that state the both reliability and externalities should be part of the TCO, which are both difficult to quantify but can to some extent appear in a qualitataive scoring when considering eligibility (as this program apparently does). On reliability, I would start small scale with battery storage to see how the various battery chemistries perform from a reliability perspective, particularly in extreme weather. Which by the way, wasn’t applied to any build out time consideration of existing gas generation capacity during Winter Storm Uri either and should be. Also no mention of demand management potential. Which is inclusive of pricing incentives, load shedding tradeoffs for getting good rates in power contracts for big consumers like crypto and AI, as well as technical means like smart networked metering. Well that last one might be difficult to sell in Texas anyway.

The #CEO of #EQT cautions that a lack of storage for #NaturalGas could lead to significant price fluctuations. The leader of the primary U.S. natural gas producer has expressed concerns about potential significant price fluctuations in the future due to a lack of pipelines and storage facilities. These fluctuations could result in price surges of up to 350%. https://buff.ly/3Pw41Mp #EntraConsulting #oil #gas #energy #shale #renewableenergy #petroleo #energia #electricidad #energiasrenovables

Today, the U.S. Senate Committee on Energy & Natural Resources Committee will hold a hearing to consider nominations to the Federal Energy Regulatory Commission. Why is this important for #DigitalEnergy? Among other things, FERC is the independent agency that regulates the interstate transmission of electricity, natural gas, and oil. If confirmed, the new commissioners will help set the agenda for energy markets and transmission infrastructure to ensure that our energy system is reliable. Learn More About FERC : https://lnkd.in/eMpTsz3K Look for several questions from Senators regarding bulk power demand, which is increasingly becoming a priority for the energy sector, and where #DigitalEnergy can be a game changer due to its flexibility and ability to be location agnostic for grid reliability. The Digital Energy Council looks forward to working with the new FERC leadership to ensure the mining community’s voice is included in energy policy making discussions. Hearing Info Here: https://lnkd.in/e-aJzF5w

It is very reassuring to see that carbon-based power sources make up very little of the immediate-term US planned investments. Natural gas represents just 4% of planned new capacity. Coal: 0% https://lnkd.in/ePNba7Bw

Last week we learned of a former coal plant in Michigan being replaced by big batteries. This week it's a planned gas site in the UK being replaced by....liquid air storage. “So, here’s where it gets interesting,” we added. “The CRYObattery will be located at the Trafford Energy Park, which was supposed to be the location of a proposed £800 million, 1.8 GW gas-fired power plant developed by Carlton.” https://lnkd.in/e9-f2iJD Storage is coming for fossil fuels. And it doesn't appear to be a fair fight at this point. Which is why in Texas they had to pass big financial incentives to build new natural gas power plants. No one wants to risk their own money on that but if the people of TX will front the money, of course there will be takers. https://lnkd.in/eCA-TB4k