Foster Wheeler Awarded Study Contract by ETI to Assess Flexible Power Generation Systems in the UK
February 21 2013 - 2:30AM
Business Wire
Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global
Engineering and Construction Group has been awarded a study
contract by the Energy Technologies Institute (ETI).
The five-month-long study will assess the economics of flexible
power generation systems which involve the production of hydrogen
from coal, biomass or natural gas, the intermediate storage of
hydrogen (for example in underground salt caverns) and the
production of power in flexible turbines. Foster Wheeler will
execute the study in collaboration with the British Geological
Survey.
The value of Foster Wheeler’s contract was not disclosed and
will be included in the company’s first-quarter 2013 bookings.
The study, commissioned and funded by the ETI, will look to map
suitable hydrogen storage salt cavern sites in and around the UK.
The sites, which tend to be located inland or up to 25 miles off
the UK coastline, need to be of sufficient size, depth, location
and quality to be considered for hydrogen storage.
According to ETI, flexible power generation systems, such as
those to be studied, could provide a valuable contribution to the
future energy mix in the UK, filling the gap between base-load
nuclear plants and renewable power generation. Such systems would
also capture and store carbon dioxide which would otherwise be
released into the atmosphere.
This study is part of the ETI’s Carbon Capture & Storage
(CCS) Programme and is intended to help the ETI develop a better
understanding of the requirements for such energy systems and a
more realistic and robust dataset of costs and efficiencies.
Andrew Green, ETI CCS Programme Manager, said, “ETI modelling
shows that flexible power generation systems comprising hydrogen
generation with CCS, intermediate hydrogen storage (particularly
using salt caverns) and flexible turbines are potentially
attractive components in any future UK energy system. This project
is a first step in a long journey, which could ultimately see such
systems as a key part of a future low carbon, flexible and
affordable energy system. If successful, the benefits could
potentially be huge.”
Umberto della Sala, President and Chief Operating Officer,
Foster Wheeler AG, said, “Foster Wheeler has been working with ETI
for four years and this latest award confirms ETI’s confidence in
our technical expertise in the field of carbon capture and storage,
and our ability to deliver high-quality studies. We are delighted
to be contributing to the development of a low-carbon energy future
in the UK.”
Foster Wheeler AG is a global engineering and construction
company and power equipment supplier delivering technically
advanced, reliable facilities and equipment. The company employs
approximately 12,000 talented professionals with specialized
expertise dedicated to serving its clients through one of its two
primary business groups. The company’s Global Engineering and
Construction Group designs and constructs leading-edge processing
facilities for the upstream oil and gas, LNG and gas-to-liquids,
refining, chemicals and petrochemicals, power, mining and metals,
environmental, pharmaceuticals, biotechnology and healthcare
industries. The company’s Global Power Group is a world leader in
combustion and steam generation technology that designs,
manufactures and erects steam generating and auxiliary equipment
for power stations and industrial facilities and also provides a
wide range of aftermarket services. The company is based in Zug,
Switzerland, and its operational headquarters office is in Geneva,
Switzerland. For more information about Foster Wheeler, please
visit our Web site at www.fwc.com.
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