Wärtsilä supplies more flexible generation to the real-time electricity market of Southwestern USA
(Thomson Reuters ONE) -
Wärtsilä Corporation, Press release, 4 March 2015 at 9.30 am EET
Wärtsilä has been contracted to supply a 56 MW Smart Power Generation power
plant to Coffeyville Municipal Light and Power (CMLP) in Kansas, USA. The power
station will consist of three gas-fired Wärtsilä 50SG engines and is scheduled
to start commercial operation in January 2017.
The new power plant will improve CMLP's position in the electricity market. "Our
current units take 6-8 hours to full load. We need much more flexibility in the
Southwest Power Pool (SPP) market. We like the fact that Wärtsilä engines can go
to full power in less than 10 minutes. That makes us much more competitive,"
CMLP's Director Gene Ratzlaff said.
The SPP, a regional transmission organization operating in nine Southwestern
states, launched a real-time electricity spot market in March 2014. In the real-
time market, electricity prices are very volatile. Fast-starting engines can be
used to capture unexpected price spikes, realizing profits in the dynamic
dispatch market. During the first year of the real-time market, some of the
existing Smart Power Generation plants in the SPP region have seen 10-fold
increases in running hours.
According to a new white paper by Wärtsilä and Ascend Analytics, an engine-based
power plant can make 740 percent more profit in the SPP market than a competing
solution, open cycle gas turbine. This is due to the fact that engines can
follow electricity prices more rapidly and efficiently than gas turbines. The
comparison was made against real market prices from March to September 2014.
In Coffeyville, the new power station will provide peaking power and support for
wind energy. "We have so much wind power that if the wind stops blowing, you can
lose hundreds of megawatts of power. Fast capacity is needed to compensate the
loss," Ratzlaff said.
For CMLP, an additional benefit of the Wärtsilä engines is reliability. "In
2012 we spent three hours in the dark after losing two transmission lines. With
these engines we will be back online in 10 minutes. This is very important to
industrial customers."
Wärtsilä has over 2500 MW of installed capacity in the United States.
Download the SPP white paper here: www.smartpowergeneration.com/spp
Download image: Wärtsilä 50SG engine
Caption: The Wärtsilä 50SG is the largest gas-fired engine in the world
For further information please contact:
Gary Groninger
Business Development Manager
Wärtsilä Power Plants
Tel: +1 931 523 5126
gary.groninger(at)wartsila.com
Jussi Laitinen
Communications Manager
Wärtsilä Power Plants
Tel: +358 50 4042006
jussi.laitinen_external(at)wartsila.com
Wärtsilä Power Plants in brief
Wärtsilä Power Plants is a leading global supplier of flexible baseload power
plants of up to 600 MW operating on various gaseous and liquid fuels. Our
portfolio includes unique solutions for peaking, reserve and load-following
power generation, as well as for balancing intermittent power production.
Wärtsilä Power Plants also provides LNG terminals and distribution systems. As
of 2015, Wärtsilä has 58 GW of installed power plant capacity in 170 countries
around the world.
www.smartpowergeneration.com
Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine
and energy markets. By emphasising technological innovation and total
efficiency, Wärtsilä maximizes the environmental and economic performance of the
vessels and power plants of its customers. In 2014, Wärtsilä's net sales
totalled EUR 4.8 billion with approximately 17,700 employees. The company has
operations in more than 200 locations in nearly 70 countries around the world.
Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.
www.wartsila.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Wärtsilä Oyj Abp via GlobeNewswire
[HUG#1899022]
Unternehmensinformation / Kurzprofil:
Datum: 04.03.2015 - 08:30 Uhr
Sprache: Deutsch
News-ID 376044
Anzahl Zeichen: 4824
contact information:
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