MONTE and Eviation Sign Deal For Up To 30 All-Electric Alice Aircraft
The title of this post, is the same as that of this press release from MONTE.
These are the first two paragraphs.
MONTE is delighted to announce that it has entered into a Letter of Intent with Eviation, a leader in clean-sheet, all-electric aviation, to purchase up to 30 all-electric Alice Aircraft.
The Alice is a clean-sheet design, 9-seater aircraft built with industry leading MagniX electric propulsion systems. It is the only flight proven all-electric aircraft of its size. MONTE will provide financing and leasing solutions for the Alice and its associated charging infrastructure to its global customer base of regional aircraft operators.
My experience includes.
- As an engineer, experimenting with battery-powered rechargeable instruments in the 1960s.
- As a pilot, I have over a thousand hours in command of a Cessna 340A, which was powered by two piston engines.
- As a driver, I have owned and driven some of Colin Chapman’s composite masterpieces.
- As a financier, I have owned half of a finance company that leased large trucks.
The Alice may look futuristic, but it is based on proven engineering, manufacturing and aviation principles.
My leasing experience, leads me to believe, that leasing these aircraft could be a sound business.
I am looking forward to my first flight.
US Offshore Wind Pipeline Blows Past 51 GW, Report Says
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
The American Clean Power Association (ACP) has released a report on the US offshore wind market, outlining a rapidly growing pipeline of projects across 32 leases totaling 51,377 MW of expected capacity which is enough to power the equivalent of more than 20 million homes.
The American wind market seems to be powering ahead.
If the pattern of offshore oil and gas from the last century, repeats itself, there’s going to be a lot of money made and jobs created.
The report talks of the following.
- 83,000 jobs by 2030.
- $25 billion of economic output.
- Thirty new ships built in domestic shipyards.
Are we geared up for proportionate numbers in the UK?
Seabed Power Grid To Link North Sea Wind Turbines
The title of this post, is the same as that of this article on the BBC.
This is the sub-heading.
A vast power grid on the seabed of the central North Sea is being planned as part of a £20bn project to power oil and gas platforms with green electricity.
Points in the article include.
- There could be more than 400 offshore turbines.
- If they were 15 MW turbines, that would be at least 6 GW.
- The plan could involve 10,000 jobs, many of which could be in the supply chain in Scotland.
- The plan is for three connected large sea areas in the central North Sea covering nearly 400 square miles.
- Infrastructure could be in place by 2028.
- Scotland was among the most investable countries in the world for floating wind farms.
- Partners include experienced companies like NOV, Siemens Gamesa, Siemens Energy, DEME and Worley.
- Nearly a third of the world’s current order pipeline for floating wind is destined for Scottish waters.
In Cerulean Winds Is A Different Type Of Wind Energy Company, I said, the project is privately-funded. and will need no government subsidy .
This article on offshoreWIND.biz is entitled Cerulean North Sea Renewables Grid To Power Oil & Gas Platforms With Floating Wind finishes with this paragraph.
Cerulean has agreed on an approach with its industrial partners early to de-risk the project in the same way other large-scale infrastructure developments are initiated, the company said. In total, the three wind farms could contribute over GBP 12 billion GVA to the UK’s economy.
Do you believe in magic money trees?
The Original Cerulean Press Release
This press release on the Cerulean Wind web site, gives more details.
Read it and you might get some measure of the ambition of the company.
Questions And Thoughts
In Cerulean Winds Is A Different Type Of Wind Energy Company, I answer a few questions at the end of the post, and come to this conclusion.
It looks like Cerulean Winds are a very different energy company.
If you have any more questions, put them in the comments and I’ll answer them, as best as I can in the related post.
Ørsted Posts All-Time High Offshore Wind Earnings
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
World’s leading offshore wind developer, Ørsted, has reported DKK 6.9 billion (EUR 926 million) operating profit (EBITDA) for the first quarter of 2023, DKK 2.5 billion less compared to the same period a year earlier.
For those, who are sceptical about offshore wind, these results must surely pour cold water on your views.
The profits also appear to have in part been driven by the commissioning of the Hornsea Two wind farm.
Denmark Launches World’s First Power-to-X Tender
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
The Danish Energy Agency (DEA) has invited bids to build and operate Power-to-X projects with a deadline for applications set to 1 September. Through the tender – the first of this kind in both Denmark and the world – the country has made available DKK 1.25 billion (approximately EUR 167.7 million) in state support for the production of Power-to-X in the form of green hydrogen.
This paragraph outlines the deal.
The tender is being held to procure hydrogen produced by using renewable energy sources and is part of Denmark’s goal to reach between 4 and 6 GW of electrolysis capacity by 2030 and its Power-to-X strategy, released in 2021, according to which the country’s offshore wind resources provide good conditions for the production of green hydrogen, which requires large amounts of green electricity.
These are the conditions.
- Only hydrogen that is produced from renewable energy sources and meets the EU’s documentation requirements for green PtX fuels is eligible for support.
- The winning bidder(s) must have the project(s) built to full capacity and start green hydrogen production within four years of signing the contract with the Danish Energy Agency.
The tender has been approved for state aid by the European Commission.
I can see all the large electrolyser builders getting their bids ready for what will be tough competition.
Meet HiiROC, The Startup Making Low-Cost Hydrogen Free From Emissions
The title of this post, is the same as that of this article on UKTN.
This article explains the technology behind, what I feel is one of the most promising start-ups, I’ve seen.
It is certainly a must read.
This paragraph explains how they plan to lease the machines.
It plans to bring in revenue by leasing its machines to companies charging on the output of hydrogen and carbon.
That is almost how we sold the Artemis project management software, I wrote over forty years ago.
- Our bank manager liked it, as we were leasing to companies like BP, Chevron and Shell.
- His bosses liked it, as leasing companies don’t normally have that dodgy word; innovation.
- Our in-house accountant liked it, as we had an easy to predict cash flow.
- Our customers liked it, as all they had to provide was a 13-amp socket and paper for the printer.
It was a model that served us well.
Conclusion
The more I learn of HiiROC, the more I like the company.
Centrica And UK Infrastructure Bank Announce Significant Investment Into Sustainable Electricity Funds
The title of this post is the same as that of this press release from Centrica.
This is the sub-heading.
Funds set to help supercharge UK’s transition to cleaner, greener energy
These four paragraphs outline the investment.
Centrica and UK Infrastructure Bank have today announced they are investing up to £265 million in sustainable energy storage to help drive the country’s transition to a cleaner, greener and more resilient electricity network.
The proposed investment will support the development of new energy storage, following the Bank’s expression of interest to find innovative ways to fund and increase the nation’s storage capacity.
The Bank will invest £75 million on a match funding basis into the Gresham House Secure Income Renewable Energy & Storage LP (SIRES) alongside a £65 million investment from Centrica.
UK infrastructure Bank has committed to invest £125 million on a match-funding basis into Equitix UK Electricity Storage Fund.
Note.
- Centrica describes itself on its web site, as an energy services and solutions company.
- The Wikipedia entry for the UK Infrastructure Bank, says it is a British state-owned development bank.
- The Equitix web site has a mission statement sating it is a responsible investor, investing in, developing and managing global infrastructure assets, which materially contribute to the lives of the communities they serve.
By supporting two energy storage funds, it is to be hoped that more electricity storage is added to the UK electricity network.
This is a paragraph in the press release.
Currently National Grid forecasts show that up to 29 GW of total storage could be needed by 2030 and up to 51 GW by 2050. This is a huge increase on the 5 GW currently available and means there is a clear need to accelerate deployment of capital and investment in new storage projects.
I doubt there will be any problems deploying new energy storage.
The press release then has a paragraph on what each fund will do with the money.
Gresham House Secure Income Renewable Energy & Storage LP (SIRES)
I will pick these important points from the paragraph.
- Centrica and the UK Investment Bank will invest on a matched funding basis.
- Centrica will be a cornerstone investor, and this marks the first time the business has invested in such a fund.
- Collocation of renewable generation and short duration electricity storage facilities to help maximise grid connections.
- The seed asset will be a collocated solar and battery energy storage project in Hartlepool, County Durham, with 50 MWp solar capacity and 75 MWh of battery energy storage.
- Centrica will seek to provide a route-to-market for the assets in the fund once they become operational.
You could almost consider this a When the wind doesn’t blow and the sun doesn’t shine fund.
Equitix UK Electricity Storage Fund
I will pick these important points from the paragraph.
- The Bank will support the launch of the fund by committing to invest up to £125million on a match-funding basis.
- The fund will focus on a combination of innovative business models across both short and long duration storage. Short duration strategies may include installation in households and at underutilised commercial premises, as well as co-location.
- The fund will also aim to deploy a range of long duration storage technologies, such as pumped-hydro.
Does a range of technologies mean that they will support new storage technologies?
Hulam Farm, Hartlepool
This page on the Lightsource-BP web site is entitled Proposed Solar Installation At Hulam Farm.
This is the first paragraph.
The proposal involves Lightsource bp funding the development of a solar installation that will connect into the local electricity network, with an output power capacity of 49.9MW (Megawatts).
Could this be the solar part of the Hartlepool project mentioned in the press release?
- Lightsource BP are experienced funders of solar farms.
- Gresham House have built many batteries of the size needed.
- I don’t think technically, there will be too many problems.
I shall watch this development with interest.
What’s In It For Centrica?
I have to ask this question.
Consider.
- Centrica is part-owner of the 270 MW Lincs offshore wind farm, which was commissioned in September 2013.
- Centrica is half-owner of the 194 MW Lynn and Inner Dowsing wind farm, which was commissioned in March 2009.
- Both these wind farms have separate substations in Lincolnshire.
- Centrica also have interests in two onshore wind farms in Scotland, that have a combined capacity of 98 MW.
I wonder how many times these wind farms have been shut down because of too much electricity?
Will Gresham House pit batteries on these sites?
Electric Cars Are A Dead End!
When you introduce any product to the general population, you must think of all the consequences.
I found these statistics on the RAC Foundation web site.
There were 33.2 million cars (81.3 per cent), 4.63 million LGVs (11.3 per cent), 0.54 million HGVs (1.3 per cent), 1.46 million motorcycles (3.6 per cent), 0.15 million buses & coaches (0.4 per cent) and 0.84 million other vehicles (2 per cent) licensed at the end of September 2022.
Could anybody please tell me how the average guy or gal, who owns one of those 33.2 million cars is going to be able to afford to replace it, find a convenient place to park and charge it and go and visit their mum in say Scunthorpe from Plymouth?
We are going down a massive dead end!
The only sensible alternative is internal combustion engines running on hydrogen, many of which could be converted from existing diesel engines.
But only a few councils have a hydrogen policy, with the biggest disgrace being London, where the Mayor’s hydrogen policy, is to ignore it and hope it will go away.London has an air quality problem, which is not helped by large numbers of HGVs in the centre.
The technology exists to convert HGVs to hydrogen and it would be possible to insist that all vehicles over a certain weight were zero-carbon. But as London has no plans for hydrogen, it can’t happen.
Vote Hydrogen for Mayor in May 2024, to improve London’s air quality.
Notes.
- To replace 33.2 million cars with electric ones would cost 1660 billion pounds, assuming each electric car costs fifty grand.
- As most electric cars are not made in the UK, what would happen to our balance of payments?
- On average an electric car needs 63 kilos of lithium for its battery, so 33.2 million will need over two million tonnes of lithium.
£100m Boost For Biggest UK Hydro Scheme In Decades
The title of this post, is the same as that of this article on the BBC.
This is the sub-heading.
A giant hydro scheme which would double the UK’s ability to store energy for long periods is taking a leap forward with a £100m investment by SSE.
These are the first three paragraphs.
The proposed 92m-high dam and two reservoirs at Coire Glas in the Highlands would be Britain’s biggest hydroelectric project for 40 years.
Scottish ministers approved the 1.5 GW pumped storage facility in 2020.
But power giant SSE wants assurances from the UK government before finally signing it off.
There are two major problems with this scheme.
Why The Forty Year Wait?
I am an Electrical and Control Engineer and it is a scandal that we are waiting forty years for another pumped storage scheme like the successful Electric Mountain or Cruachan power stations to arrive.
Petrol or diesel vehicles have batteries for these three main purposes.
- To start the engine.
- To stabilise the output of the generator or alternator.
- To provide emergency power.
As to the latter, I can’t be the only person, who has dragged a car out of a ford on the starter motor. But think of the times, you’ve used the hazard warning lights, after an accident or an engine failure.
The nightmare of any operator of a complicated electricity network like the UK’s is a black start, which is defined by Wikipedia like this.
A black start is the process of restoring an electric power station or a part of an electric grid to operation without relying on the external electric power transmission network to recover from a total or partial shutdown.
Hydro electric power stations and especially those that are part of pumped storage schemes are ideal for providing the initial power, as they are often easy to start and have water available. Cruachan power station has a black start capability, but at 440 MW is it big enough?
Over the last few years, many lithium-ion batteries have been added to the UK power network, which are used to stabilise the grid, when the sun isn’t shining and the wind isn’t blowing.
There are four pumped storage hydro-electric schemes in the UK.
- Cruachan – 440 MW/7 GWh – 1965
- Dinorwig (Electric Mountain) – 1800 MW/9.1 GWh -1984
- Ffestiniog – 360MW/1.44 GWh – 1963
- Foyers – 300 MW/6.3 GWh – 1974
Note.
- I always give the power output and the storage capacity for a battery, if it is known.
- According to Wikipedia, Scotland has a potential for around 500 GWh of pumped storage.
- The largest lithium-ion battery that I know, that is being planned in the UK, is Intergen’s 320 MW/640 MWh battery at Thames Gateway, that I wrote about in Giant Batteries Will Provide Surge Of Electricity Storage. It’s smaller than any of the four current pumped storage schemes.
- The Wikipedia entry for Coire Glas says that it is a 1.5 GW/30 GWh pumped storage hydro-electric power station.
I very much feel that even one 1.5 GW/30 GWh pumped storage hydro-electric power station must make a big difference mathematically.
Why have we had to wait so long? It’s not as though a pumped storage hydro-electric power station of this size has suffered a serious disaster.
Drax Needs Assurances Too?
The BBC article says this.
Scotland’s only other pumped storage scheme, operated by Drax Group, is housed within a giant artificial cavern inside Ben Cruachan on the shores of Loch Awe in Argyll.
The North Yorkshire-based company plans to more than double the generating capacity of its facility, nicknamed Hollow Mountain, to more than 1GW, with the construction of a new underground power station.
But both Drax and SSE have been reluctant to press ahead without assurances from Whitehall.
It looks like the right assurances would open up at least two pumped storage hydro-electric power station projects.
But it could be better than that, as there are other projects under development.
- Balliemeanoch – 1.5GW/45 GWh
- Corrievarkie – 600 MW/14.5 GWh
- Loch Earba – 900 MW/33 GWh
- Loch Kemp – 300 MW/9 GWh
- Red John – 450 MW/2.8 GWh
This totals to 3750 MW/104.3 GWh or 5850 MW/134.3 GWh with the addition of Coire Glas and the extension to Cruachan.
Getting the assurances right could result in large amounts of construction in Scotland!
What Assurances Do Power Giants SSE And Drax Want Before Signing Off?
This news item on SSE Renewables, which is dated 18th March 2022, is entitled Ministerial Roundtable Seeks To Unlock Investment In UK Energy Storage.
These three paragraphs gives details of the meeting.
Business leaders have met with UK Energy Minister the Rt Hon Greg Hands MP to discuss how the government could unlock significant investment in vital energy storage technologies needed to decarbonise the power sector and help ensure greater energy independence.
The meeting was organised by the Long-Duration Electricity Storage Alliance, a new association of companies, progressing plans across a range of technologies to be first of their kind to be developed in the UK for decades.
Representatives from Drax, SSE Renewables, Highview Power and Invinity Energy Systems met with The Rt Hon Greg Hands MP, Minister of State for Business, Energy and Clean Growth [yesterday].
But they still don’t seem to have come up with a funding mechanism.
- In this case, it seems that multiple politicians may not be to blame, as Greg Hands was the Minister of State for Business, Energy and Clean Growth until the 6th of September 2022, when he handed over to Graham Stuart, who is still the incumbent.
- Could it be that civil servants for this problem need to be augmented by a Control Engineer with mathematical modelling skills from a practical university?
It is the sort of problem, I would love to get my teeth into, but unfortunately my three mentors in accountancy and banking; Bob, Brian and David, who could have helped me, have all passed on to another place to help someone else with their problems.
I’ve just had a virtual meeting with all three and they told me to look at it like a warehousing system.
Consider.
- It would be very easy to measure the amount of water stored in the upper reservoir of a pumped storage hydro-electric power station.
- It would also be easy to measure the electricity flows to and from the pumped storage hydro-electric power station.
- A monetary value could be placed on the water in the upper reservoir and the flows, depending on the current price for electricity.
So it should be possible to know that a pumped storage hydro-electric power station, was perhaps storing energy as follows.
- 10 GWh for SSE
- 8 GWh for RWE
- 6 GWh for Scottish Power
- 6 GWh is not being used
And just as in a warehouse, they would pay a fee of so much for storing each GWh for an hour.
- The system would work with any type of storage.
- Would competition between the various storage sites bring down prices for storing electricity?
- Pumped storage operators would get a bonus when it rained heavily.
- Just as they do now, electricity generators would store it when prices are low and retrieve it when prices are high.
A lot of the rules used to decide where electricity goes would still work.
BW Ideol In Talks To Raise EUR 40 Million For Floating Wind Development
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
Norway-headquartered BW Ideol and French state-owned investment company ADEME Investissement have agreed to enter into exclusive negotiations for EUR 40 million in funding by ADEME Investissement for BW Ideol’s project development activities.
The rest of the post is all about the clever, but I suspect legal ways, that the € 40 million is raised.
When I needed any advice in that area, I used to consult my late friend the banker; David, who is mentioned in Diversifying A US$200 billion Market: The Alternatives To Li-ion Batteries For Grid-Scale Energy Storage.
When he needed computing advice, that is another story.
The Anonymous Widower 