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Gas Exploration and Production Company to Buy Gas-Fired Power Plant in Texas

August 16, 2021

The post Gas Exploration and Production Company to Buy Gas-Fired Power Plant in Texas appeared first on POWER Magazine.

BKV Corp., a privately held natural gas exploration and production company headquartered in Denver, Colorado, said it will purchase the Temple 1 power plant in Temple, Texas. The deal, valued at $ 430 million and subject to customary closing conditions, is expected to close in the fourth quarter of 2021.

“We’re excited about this acquisition, and the strategic steps we are taking to position BKV as a leading integrated energy company with cleaner, greener energy,” Chris Kalnin, CEO of BKV, said in a statement issued to POWER. “By extending our natural gas business into a power business we are able to deliver to unprecedented grid reliability, while also creating industry leading ESG [environmental, social, and governance] standards because we can directly certify our emissions footprint at each step in the value chain, from underground molecule to burner tip.”

State-of-the-Art Facility

Temple 1 (Figure 1) is a 758-MW combined cycle facility built in 2014.…

World-First Test Production of Fossil-Free Hydrogen-Reduced Sponge Iron Completed

June 22, 2021

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The post World-First Test Production of Fossil-Free Hydrogen-Reduced Sponge Iron Completed appeared first on POWER Magazine.

A pioneering pilot project in Lulea, Sweden, designed to produce “fossil-free” steel has successfully completed test production of sponge iron, demonstrating it is possible to use hydrogen made with fossil-free power to reduce iron ore, instead of coal and coke.

Swedish energy company Vattenfall, mining company LKAB, and steel manufacturer SSAB—companies that are collaborating under the joint initiative, dubbed “HYBRIT”—hailed the achievement as a technological breakthrough that “is a decisive step on the road to fossil-free steel.”

“Production has been continuous and of good quality,” the companies announced on June 21. “Around 100 tonnes have been made so far.”

As HYBRIT explains it, the ore-based steelmaking value chain starts at the iron ore mine, where the ore is processed in the form of pellets, or “fines.” At a steelmaking site, the iron ore is conventionally converted to metallic iron by reduction of the iron ore pellets with coke in a blast furnace.…

Three More Nuclear Plant Owners Will Demonstrate Hydrogen Production

September 12, 2019

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The post Three More Nuclear Plant Owners Will Demonstrate Hydrogen Production appeared first on POWER Magazine.

FirstEnergy Solutions (FES), Xcel Energy, and Arizona Public Service (APS) will demonstrate hydrogen production at three nuclear plants they own starting in 2020 and 2021. The projects, selected as part of the Department of Energy’s (DOE’s) Office of Nuclear Energy’s Advanced Reactor Development Project funding pathway, aim to improve long-term competitiveness of the nuclear sector as more cheap natural gas and renewable power resources flood power markets.

Funded by the DOE, the demonstrations will take place at FES’ Davis-Besse plant in Ohio, APS’ Palo Verde plant in Arizona, and an Xcel nuclear plant in Minnesota.

The three utility awards, which the DOE announced on Sept. 10 as part of the sixth round of funding under the December 2017-issued U.S. Industry Opportunities for Advanced Nuclear Technology Development funding opportunity announcement (FOA), follow a similar selection of a first-of-its-kind project spearheaded by Exelon at a still-to-be determined existing nuclear site in an organized power market under the DOE’s H2@Scale concept.…

Nuclear Power Production Up for Fifth Year in a Row

August 21, 2018

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Nuclear power generation increased worldwide in 2017 for the fifth successive year according to a report released by the World Nuclear Association (WNA). Production from nuclear plants reached 2,506 TWh in 2017, more than 10% of global electricity demand.

The average capacity factor for the world’s nuclear power plants increased year-over-year to 81.1%, continuing the high-performance displayed over the last two decades, during which average capacity factors have consistently hovered around 80%. In an August 15 press release announcing the publication of “World Nuclear Performance Report 2018,” the WNA noted that reactor performance has been “maintained irrespective of how long a reactor has been in operation.” It said there has been no evidence of “age-related decline.”

There were 59 reactors under construction at the end of 2017. Four reactors were connected to the grid during the year, with an average construction time of 58 months. Four projects were started during the year and two were halted, including two units at the V.C.…

Uranium Production Near Historic Lows as U.S. Reactors Look to Russia

June 2, 2016

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Domestic uranium production is falling to levels not seen since the early 2000s, which are themselves equal to production during the dawn of the nuclear age in the 1950s. Prospects for any sort of rebound look bleak, as a joint venture between GE, Hitachi, and Toshiba is looking to import Russian-designed fuel assemblies for use in U.S. reactors.

A Trickle of Uranium

U.S. uranium production, which peaked at nearly 45 million pounds of uranium concentrate (U₃O₈) in 1980, fell precipitously in the 1980s and 1990s before leveling off at around 5 million pounds since 1991, according to data from the Energy Information Administration (EIA). The U.S. produced 3.7 million pounds in 2015 while importing 57 million pounds, about half of it from Canada and Kazakhstan.

Meanwhile, U.S. uranium inventories have climbed steadily during the 2000s, reaching 121 million pounds at the end of 2015, the EIA said—enough to supply two years of domestic demand. But that glut, and spot prices that have fallen steadily over the same period, have not deterred the major players from looking for new sources of uranium.…