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.
- Guide to Energy, Carbon and Environmental Software
- Cox Enterprises Cuts Energy Costs Up to 10-15% in Certain Markets
- Alarms Management: The Future is Now
- What You Need to Know About Demand Charges
- Evaluation Guide: Four Steps to a Successful Lighting Evaluation
- How "Fixed" is the Fixed Price Product?
- The Value of Integrating Health, Safety and Environment Processes with Enterprise Asset Management
- Smarter Asset Management for the Nuclear Power Imperative
- 24 Hour Fitness Trims Waste Costs Through an Effective Waste Recycling Program
- The Business Case for Corporate Sustainability Tools
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement
- Smart Building Technology: The Key to Comprehensive Building Performance
- What Energy Managers Need to know about Procuring Natural Gas: Guidance for 2014 Natural Gas Contracts
- Energy Optimization from the Boiler Room to the Board Room
- Your Roadmap for Energy Management: First Stop – Myths & Realities of Energy Purchasing