A ‘Floating’ Combined Cycle Power Plant
A group of companies in Korea is working on a power generating station aboard a ship. Polaris Shipping, Korea Midland Power, Hyundai Heavy Industries, and Siemens Energy Solutions signed a Memorandum of Understanding to develop Mobile Powership, an integration of shipbuilding and power generating technology in which a power generating facility will be installed onto a Floating Storage Regasification Unit (FSRU).
The companies expect Mobile Powership, an offshore combined cycle power plant, to commence its operation in December 2017 with a total investment of $940 million. Mobile Powership will have the capacity to respond to natural disasters such as earthquakes and floods.
Mobile Powership integrates a combined cycle power generating facility and liquefied gas storage in which a gas turbine and a regasification unit are directly linked to achieve curtailment of fuel cost. The partners say once the business model is successfully launched in Korea, they will selectively target combined cycle power producing markets where high yields can be generated.
Given the high value of land, the oceans are being looked to as places to create energy. In the US, the Department of the Interior’s Bureau of Ocean Energy Management is holding competitive auctions for commercial offshore wind development. And the Swedish energy start-up Minesto is generating electricity from low-velocity currents using a system of underwater kites.
- Meeting the GHG Challenge: Reporting Solutions
- Energy Efficiency Ratings: Benchmarks that Drive Excellence in Building Design & Operations
- Guide to Energy, Carbon and Environmental Software
- Integrated Building Optimization
- Trends in Energy Management: Where Should Your Next Investment Be?
- 6 Steps from Getting the Most From Every Lighting Retrofit
- The CFO and the Sustainability Reporting Chain
- 2013-20114 Winter Polar Vortex
- 2014 Environmental Leader Product and Project Awards
- Essential Guide to Lighting Retrofits and Upgrades
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management
- Energy Procurement in 2014: Products & Programs to Optimize Savings
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement