Canadian rare earth recycling company Cyclic Materials raised $50 million from BMWi and Hitachi Ventures
Cyclic Materials is a recycler critical metals like rare earths that are used in the manufacture of magnets for wind turbines and electric vehicles. It has raised 53 millions U.S. Dollars from investors such as BMWi. The Canadian startup is pursuing global expansion plans despite a slowdown of electric vehicle sales. The proceeds will be used to establish commercial facilities in Europe and the United States, according to CEO and co-founder Ahmad Ghahreman. ArcTern Ventures led the funding round, followed by BDC Capital and Zero Infinity Partners. Climate Investment and Microsoft's Climate Innovation Fund were also involved.
Floating Offshore Wind: Attention Turns Subsea for Power Transport
From being an ugly duckling, floating offshore wind is now the Cinderella of the offshore renewables world. Attention is now being paid to floating and even subsea substation concepts to help bring this power to shore. Over the past year, expectations around the growth in the floating offshore wind development have grown, significantly. Many are piling into the market, seeing that it could give them a chance to ramp up renewables capacity quickly, with 15MW turbines on the horizon and the possibility of GW-scale projects looming by the end of the decade.Much has been said about the different floating turbine concepts.
Japanese Trio Connects on Project to Reduce Methane Slip by 70%
As the global shipping industry is under the microscope to reduce emissions, three Japanese leaders in the maritime space: Hitachi Zosen, Mitsui O.S.K. Lines, Ltd.(MOL) and Yanmar Power Technology Co., Ltd. (YPT), have targeted methane slip as an area of study via its "Development of Methane Slip Reduction Technology from LNG Fueled Vessels by Improving Catalysts and Engines", with Hitachi Zosen serving as the managing company in the "Development of Next Generation Vessels Project" publicly solicited by the New Energy and Industrial Technology Development Organization (NEDO) under the Green Innovation Fund.
Floating Windpower Partnership Formed
Japanese engineering giant Hitachi Zosen Corp and French marine renewables technology outfit Naval Energies will work together in the field of floating wind power.The French marine renewables specialist said in a press release that the two companies will design and build floating wind turbines with a capacity of several hundred megawatts off the Japanese coast using Naval Energies' semi-submersible floating solution, which is a concrete, steel or a hybrid combination fixed to the seabed by an anchoring system…
Voser Steps in as Interim CEO at ABB
ABB Chief Executive Ulrich Spiesshofer has quit the Swiss industrial group as the board and major shareholders look for a speedier turnaround at the maker of industrial robots and supplier of factory automation.Spiesshofer’s abrupt exit follows the launch of the biggest overhaul in ABB’s 31-year history to reposition the company more toward digital industries and agreeing to activist shareholder demands to sell its power grids business.But the latest revamp by the former management consultant failed to revitalize ABB’s stock…
LNG Majors Okay MHPS Gas Turbine
The engineering and manufacturing giant Mitsubishi Heavy Industries Group (MHI Group) said it has completed successive technical qualification, conducted by oil majors and engineering companies on Mitsubishi Hitachi Power Systems’ 120MW H-100 Gas Turbine.To date, major LNG players, including ExxonMobil, Shell, Total, along with key engineering contractors such as Bechtel, have all completed extensive qualification studies on Mitsubishi Hitachi Power Systems' 120MW H-100 Gas Turbine for use as the mechanical…
GE Says Four Flagship Power Turbines are Shut Down in U.S.
General Electric Co said on Thursday that four of its new flagship power turbines in the United States have been shut down due to an "oxidation issue" and warned it expects the problem to affect 51 of the giant machines it has shipped, sending shares lower.The problem was discovered a few weeks ago on turbine blades in a natural gas-fueled turbine, known as the 7HA, operated by Exelon Corp in Texas, GE told Reuters. "We expect the same issue will impact other HA units," GE spokesman Chris Shigas said in an email.Shigas did not provide details about the oxidation or how it led to the shutdown.
Asian Shares, Oil Fall as US-China Trade Spat Escalates
Asian shares fell to a 2-1/2 week low on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.Fears of a global trade war added to pressure on oil prices, which extended Friday's big fall, while the dollar retreated from near 3-week highs against the safe haven yen.Spreadbetters suggested a subdued start for European shares, with FTSE futures off about 0.1 percent. U.S. E-Mini S&P futures stumbled 0.5 percent…
H-100 Gas Turbine Completes Low NOx Testing
Mitsubishi Heavy Industries, Ltd. (MHI), Mitsubishi Hitachi Power Systems, Ltd. (MHPS) and Mitsubishi Heavy Industries Compressor Corporation (MCO) have completed testing of MHPS’s 2-shaft 120MW H-100 Gas Turbine. The H-100 utilizes the latest combustor technology and is the industry leader in terms of low NOx (single digit ppm) for full-load operations for thermal power plants as well as mechanical drive liquefied natural gas (LNG) applications, utilizing high-efficiency compressors manufactured by MCO. Following completion of testing…
MHI Mulls North American Oil & Gas Business Expansion
Mitsubishi Heavy Industries, Ltd. (MHI) is bringing its Groupwide resources together to offer strengthened solutions to attract more customers for advanced oil & gas related plants in the North American market. Combining its offerings of the latest gas turbines and state-of-the-art compressors, the Company will deliver a broad range of new technologies that simplify LNG (liquefied natural gas) plant facilities, reduce costs and increase environmental performance. Mitsubishi Heavy Industries Compressor International Corporation (MCO-I), the Houston-based U.S.
Bosnia's Power Plant to Start $87.6 mln Cleanup
Bosnia's 300 megawatt (MW) coal-fired power plant Ugljevik said on Tuesday it had signed a 79 million euro ($87.6 million) deal with a consortium led by Mitsubishi Hitachi Power Systems to help it reduce gas emissions and meet EU norms. The flue gas desulphurisation project will reduce the emission of SO2 from its current level of around 16,000 milligramme per cubic metre (mg/m3) or 60 times more than the indicative amount in the European Union (EU) regulations, to 250 mg/m3, the project manager Zlatko Malovic told Reuters.
NuGen Eyes 2025 Start for UK Nuclear Project, Could Overtake Hinkley
NuGen expects electricity generation to start at its new nuclear project in Cumbria, Britain in 2025, the company said on Wednesday. The time frame means NuGen's project could over-take EDF's Hinkley C as the first new nuclear plant operating in the country in a generation. "These projects are coming up together at roughly the same time," Robert Armour, Deputy chairman of NuGen said on the sidelines of a Platts nuclear conference. "(Hinkley) still has a few hurdles to go and the other projects are coming up behind quite quickly," he said.
Tokyo Gas Completes Hitachi LNG Terminal
Japan’s Tokyo Gas has completed construction of its Hitachi LNG terminal in Hitachi Port area marking the start of operations. The LNG terminal is equipped with a 230,000-kilolitre LNG tank that can hold about 100,000-110,000 tons of chilled gas. The Hitachi terminal has already received three cargoes this year, one from Malaysia's Bintulu and two from Russia's Sakhalin, says sources. Hitachi terminal is company’s first LNG terminal, located outside Tokyo Bay. By completing Ibaraki-Tochigi line, Tokyo Gas now owns 950km of high pressure pipeline network mainly around Tokyo metropolitan area.
Tokyo Gas to Build LNG Tank at Sodegaura Terminal
Tokyo Gas Co, Japan's biggest natural gas utility, said on Friday it plans to build a new liquefied natural gas (LNG) tank at the Sodegaura LNG terminal on Tokyo Bay. The 200,000-kl tank, slated to begin operations by March 2024, will be able to hold 92,000 tonnes of LNG, making it larger than two ageing tanks that are set to be demolished, a company spokesman said. Tokyo Gas also said it began on Thursday - in line with the construction schedule - commercial operation of the Hitachi LNG terminal, which is equipped with a 230,000-kl LNG tank that can hold about 100,000-110,000 tonnes of LNG.
MHPS to Boost AQCS Business
Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) have agreed to transfer operations in the domestic after-sale servicing of desulfurization equipment, currently performed by Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC), and operations in water treatment systems, now handled by Mitsubishi Heavy Industries Mechatronics Systems, Ltd. (MHI-MS), to Mitsubishi Hitachi Power Systems Environmental Solutions, Ltd. (MHPS-ES), an MHPS Group company, effective April 1.
Hitachi Gas Supply System Order for MHI
Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Hitachi Zosen Corporation for a high-pressure gas supply system enabling use of natural gas as fuel in marine engines. In lieu of conventional heavy oil, the system supplies liquefied natural gas (LNG), injected under high pressure, to the engine. This configuration curbs emissions of sulfur oxides (SOx), nitrogen oxides (NOx) and carbon dioxide (CO2), thus contributing to reduction of environmental loads. Delivery of the system is scheduled for the second half of 2016, for installation at Hitachi Zosen's Ariake Works in Nagasu-machi, Kumamoto Prefecture.
Fukushima Floating Offshore Wind Project Progressing
An experimental offshore floating wind farm project sponsored by the Japanese Ministry of Economy, Trade and Industry has been underway since March 2012. Participating in the project is a consortium comprised of Marubeni (project integrator), the University of Tokyo (technical advisor), Mitsubishi, Mitsubishi Heavy Industries, Japan Marine United, Mitsui Engineering & Shipbuilding, Nippon Steel & Sumitomo Metal, Hitachi, Furukawa Electric, Shimizu, and Mizuho Information & Research. Assembly work on the 7MW oil pressure drive-type wind turbine on the three-column semi-sub floater at Onahama port has been completed…
MHPS Bags 2 Turbines Orders for Korean Power Plant
Mitsubishi Hitachi Power Systems, Ltd. (MHPS), jointly with Marubeni Corporation, has received an order for two M501J gas turbines and a steam turbine for the new 950 megawatt (MW) class LNG-fired Pyeongtaek Combined Cycle Power Plant to be built by Shin Pyeongtaek Power Co., Ltd., a special purpose company (SPC) established by Korea Western Power Co., Ltd. (KOWEPO), GS Energy Corporation and other companies. In addition, MHPS signed a long-term service agreement (LTSA) for the gas turbines, which are core components of natural gas-fired, gas turbine combined cycle (GTCC) power plants.
MHPS Bags Order from Hartha Power, Iraq
Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has received an order from the Ministry of Electricity (MOE) of Iraq for refurbishment of Unit 4 (output: 200 megawatts) at the Hartha Thermal Power Station. The refurbishment work, scheduled for completion in May 2017, requires large-scale replacement of core components of the plant's seriously degraded power generation facilities. The project is being financed through a Japanese ODA (Overseas Development Assistance) loan extended to the Government of the Republic of Iraq.
India, US Trying to Get Nuclear Deal Over Line
India and the United States were trying to narrow differences on nuclear trade on Thursday ahead of President Barack Obama's visit, but New Delhi ruled out a change in its liability law that has choked off U.S. investment. Nuclear commerce worth billions of dollars was meant to be the centrepiece of a new strategic relationship between the United States and India, allowing New Delhi access to nuclear technology and fuel without giving up its weapons programme. But the 2010 Indian nuclear liability law that makes equipment suppliers ultimately responsible for an accident has held back firms including GE-Hitachi…
