Courtesy: Kiewitįlorida also has 3.2 GW of new gas-fired generation capacity scheduled. The 1,000-MW plant came online in 2020, one of several gas-fired power plants in a region with abundant natural gas resources. The facility features two Siemens SGT6-8000H gas turbines, two John Cockerill Energy heat recovery steam generators, and one Siemens SST6-5000 steam turbine. The Hickory Run Energy Center in Pennsylvania was a POWER Top Plant award winner in 2021. The group said other states utilizing gas from those plays include Michigan, with 3.2 GW of new capacity planned Ohio (2.9 GW) and Pennsylvania (1.9 GW). Illinois, which has pipeline access to Utica and Marcellus gas, accounts for 3.8 GW of new gas-fired capacity scheduled to come online over the next four years, according to EIA.
“In cases where the natural gas demand from a power plant is behind a constraint in the natural gas infrastructure and in close proximity to the best resources, natural gas prices will be the most competitive and keep the plant in the money against the backstops.” It avoids high transport costs and allows for a more competitive fuel price,” said Ozkan. “Proximity to supply is always important. The Salt River Project in Arizona recently approved an expansion of the Coolidge Generating Station, with a plan to add 16 gas-fired turbines to the site. dry natural gas production in the first six months of this year. Those plays accounted for more than one-third of all U.S. The agency said its data shows that most of the planned new gas-fired capacity will be built in the Appalachia region, which includes the Marcellus and Utica shale plays across West Virginia, Pennsylvania (Figure 1), and Ohio.
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Energy Information Administration (EIA) in its Monthly Electric Generator Inventory published in November said it expects 27.3 GW of new natural gas-fired generation capacity to enter operation from 2022 to 2025, a 6% increase above the current 489.1 GW of U.S. Though not as bullish as the BTU Analytics’ numbers, the U.S. Additionally, it is the cleaner in terms of emissions profile than coal and fuel oil.”ĮIA Expects 6% Rise in Gas-Fired Capacity One advantage is that it is dispatchable, making it necessary for peak demand periods. Ozkan on Tuesday told POWER that “natural gas provides two distinct advantages. As the price of natural gas as the fuel decreases, coal and fuel oil get moved further away from being in the money.” “So, as the price of natural gas as the fuel increases, the backstops like coal and fuel oil become more competitive and are called upon to serve the load. “It is important to think about all of these different generation types as backstops for each other,” said Sarp Ozkan, Senior Director of Power & Renewables Analytics at Enverus. Southeast, are the most-active new-build regions with 15.8 GW, 3.8 GW, and 6.2 GW, respectively, planned to come online over the next few years. 14 his group “is tracking 32.3 GW of natural gas-fired power plants with in-service dates through 2025 that are in advanced stages of development.” Bradford said “14.2 GW have a status of under construction, 3.4 GW are at pre-construction, and 14.7 GW have a status of advanced permitting.”īradford said the PJM and MISO regions, along with the U.S. Andrew Bradford, Vice President Power for FactSet, told POWER on Dec. coal stockpiles continue to dwindle, utilities are moving forward with plans to add gas-fired generation capacity through 2025, according to Colorado-based BTU Analytics, a FactSet Company.
With a long-term outlook favoring natural gas as U.S. power generation note how states near the nation’s largest shale plays are expected to bring significant new natural gas-fired generation online over the next few years, despite concerns about recent market volatility that sent gas prices to their highest levels in more than a decade.
Recent reports from groups analyzing U.S.