ProPetro Holding Corporation, through its PROPWR business unit, has entered into an agreement with Caterpillar to acquire up to 2.1 GW of power generation assets over the next five years.
HD Hyundai Heavy Industries has signed a supply agreement with US energy infrastructure developer Aperion Energy Group to provide 20 MW power power systems based on its HiMSEN engines. The contract is for a total capacity of 684 MW and is valued at €362 million.
Japan’s Ministry of the Economy, Trade, and Industry (METI) has announced that projects to develop next-generation geothermal power technology will receive a total of €650 million in subsidies by fiscal 2030.
The United Downs deep geothermal power project in Cornwall, the first geothermal power plant in the UK, has started generating electricity.
Rolls-Royce has launched a new range of modular gas engine power plants. Rolls-Royce said that the preconfigured turnkey systems can be deployed within 12-18 months and deliver any capacity from 5 MW to several hundred MW, according to the needs of the customer.
Wärtsilä has announced that it has won a contract from the Australian IPP Zenith Energy Operations to supply the engines, controls, and auxiliary equipment for a new 120 MW power plant in Kalgoorlie, Western Australia.
Demand for electricity in Kenya has hit a new record high, driven by a surge in domestic and commercial consumption that places pressure on the country’s stretched power generation capacity.
The European Bank for Reconstruction and Development (EBRD) is providing €22.3 million in financing to Power One, a private Ukrainian energy company, to help strengthen Ukraine’s energy security.
Amogy and Samsung Heavy Industries (SHI) have signed a multi-year strategic contract manufacturing partnership for Amogy’s ammonia-to-power systems.
Wärtsilä has signed a shared O&M agreement to support the reliable power supply on the Indonesian island of Lombok.