Deal | EnergyNorthwest.com

ExxonMobil Extends Deal for Fuel Cell Carbon Capture Project

November 12, 2019

The post ExxonMobil Extends Deal for Fuel Cell Carbon Capture Project appeared first on POWER Magazine.

ExxonMobil and FuelCell Energy announced a new joint-development agreement to enhance carbon capture fuel cell technology, as the groups work on a process to capture combustion exhaust from power plants and other industrial facilities.

The two-year deal, announced Nov. 6 and an extension of an earlier agreement, is aimed at optimizing core technology, process integration, and large-scale deployment of carbon capture. FuelCell Energy’s technology uses carbonate fuel cells to capture and concentrate carbon dioxide (CO₂), with the CO₂sent to the fuel cell. The fuel cell produces power and captures and concentrates the CO₂for storage.

“We have a great opportunity to scale and commercialize our unique carbon capture solution, one that captures about 90 percent of carbon dioxide from various exhaust streams, while generating additional power, unlike traditional carbon capture technologies which consume significant power,” FuelCell CEO Jason Few said in a statement.…

Pipeline Deal Means More U.S. Natural Gas for Mexico Power Plants

August 29, 2019

| No Comments

| Industry News

Mexico is preparing to import more U.S. natural gas to supply the country’s gas-fired power plants and industrial facilities after the Mexican government reached a deal that will allow several stalled pipeline projects to be completed.

Mexican President Andres Manuel Lopez-Obrador on Aug. 27 said his administration’s deal with Canadian pipeline operator TC Energy; IEnova, a Mexican subsidiary of San Diego, California–based utility company Sempra Energy; and Mexican construction firm Grupo Carso ends a $ 3 billion stalemate over contracts for a handful of pipelines that will bring natural gas to Mexico from the Eagle Ford Shale of South Texas and the Permian Basin of West Texas.

Grupo Carso is owned by Mexican billionaire Carlos Slim. He said Tuesday that the agreement will give Mexico access to cheap natural gas, some of which can be used to further the development of natural gas-fueled vehicles in Mexico.

“This will allow us to substitute diesel and gasoline, which are not only more expensive but more polluting,” Slim said.…

Judge: TVA Deal for Bellefonte Nuclear Plant Stays in Place

May 17, 2019

| No Comments

| Industry News

A federal judge this week ruled the Tennessee Valley Authority (TVA) must continue to honor an agreement to sell the unfinished Bellefonte Nuclear Power Plant to a real estate developer who has said he would complete construction of the long-idled project.

U.S. District Court Judge Liles C. Burke, in a 17-page opinion issued after a hearing this week in Huntsville, Alabama, declined to dismiss a lawsuit brought by developer Franklin Haney, who sued TVA in November 2018 for breach of contract after TVA said it could not complete the sale of the Bellefonte site and its assets to Haney’s Nuclear Development LLC.

Haney in 2016 was the winning bidder in an auction for Bellefonte, agreeing to pay $ 111 million for the twin-reactor nuclear plant. He sued TVA last year after the federally owned utility said it needed approval from the Nuclear Regulatory Commission (NRC) to authorize the sale.

TVA at the 2016 auction said the winning bidder would have two years to complete the purchase.…

POWER Notebook: Duke Energy Sells Renewable Assets in $1.25 Billion Deal

April 27, 2019

| No Comments

| Industry News

Duke Energy this week said it has a definitive agreement to sell a minority interest in part of its commercial renewable energy portfolio owned and operated by its affiliate, Duke Energy Renewables, to the John Hancock Infrastructure Fund and John Hancock Life Insurance Company. Duke in an April 24 release said the interest is valued at about $ 1.25 billion.

Duke said the deal includes 49% of 37 operating wind, solar, and battery storage assets, and 33% of 11 operating solar assets across the U.S. John Hancock’s interest will represent about 1.2 GW of power generation capacity after the deal is closed. John Hancock will also have the right to acquire a minority interest in certain additional wind and solar projects in the future, providing a potential source of future growth capital to Duke Energy.

“We look forward to working alongside John Hancock as we continue providing clean and affordable energy to our customers across the country,” said Rob Caldwell, president of Duke Energy Renewables. …

POWER Notebook: New 1,600-MW Coal Plant in India; Low-Price Solar Deal in Idaho

April 9, 2019

| No Comments

| Industry News

Financing has reportedly been secured for a 1,600-MW coal-fired power plant in India’s eastern state of Jharkhand. Qatar’s Gulf Times newspaper reported April 6 that Power Finance Corp., a state-run lender in India, and its subsidiary REC approved a $ 1.5 billion loan for the project. The report said the new plant would be funded through loans and equity, with Power Finance and REC covering the entire cost of the project, which Bloomberg estimated at just more than $ 2.1 billion.

The plant is being designed to sell power to Bangladesh through a power purchase agreement with the Bangladesh Power Development Board (BPDB). Adani Power Limited, part of India’s Adani Group, one of the world’s largest coal-mining companies, is building the plant. People familiar with the project reportedly said the plant is eligible for tax breaks, as India’s commerce ministry has designated the region as a special economic zone, and the plant as an export industrial facility. BPDB said Bangladesh currently gets about 56% of its power generation from natural gas, with oil and diesel providing most of the rest.…

Dominion Reaches Deal to Keep Millstone Nuclear Plant Open

March 18, 2019

| No Comments

| Industry News

Dominion Energy has reached an agreement with utilities in Connecticut to keep the Millstone Power Station, the state’s only nuclear power plant, in service for at least another decade.

Dominion announced the deal March 15, the deadline the company had to tell ISO New England, the regional grid operator, whether it would retire the two reactors at the 2,088-MW plant.

The Millstone station produces about half the electricity in Connecticut. Analysts have said it also accounts for 98% of the state’s carbon-free power, and its operation is seen as key for the state to meet its carbon reduction goals.

“This is a huge win for Connecticut, the region, and our colleagues at Millstone,” Paul Koonce, president and chief executive of Dominion’s Power Generation Group, said in a statement. “Not only does this preserve the vast majority of Connecticut’s carbon-free electricity, it preserves good jobs for the 1,500 women and men who work at Millstone and keeps 4,000 other residents employed.”

Dominion, headquartered in Richmond, Virginia, has for years said that the Millstone station is no longer economic to operate.…