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News
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
Read more
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Industry News
BP and Edison Plan California Power Plant with CO2 Sequestration
LCG, February 15, 2006--Edison Mission Group (EMG), a subsidiary of Edison International, and BP recently announced plans to build a hydrogen-fueled power plant in southern California that would generate electricity from petroleum coke with minimal carbon dioxide (CO2) emissions. The proposed, 500-MW project would utilize new financial incentives included in the Federal Energy Policy Act of 2005 for advanced gasification technologies.The site of the new plant is adjacent to BPs Carson refinery, which is about 20 miles south of Los Angeles. The proposed plant would include a gasifier to convert petroleum coke produced at refineries into hydrogen gas that would fuel gas turbines used to generate electricity. The hot exhaust gas from the turbine can also be used to heat water to produce steam to power a steam turbine and generate electricity a second time. The environmentally sensitive plant design incorporates the use of recycled and treated city waste water for plant needsAs part of the process, the CO2 gas would be captured and transported via pipeline to oil fields, where the CO2 would be injected underground into the oil reservoirs to improve oil production and sequester the CO2 from the earth's atmosphere. The CO2 is produced along with the recovered oil, then recycled and reinjected. The companies estimate that about 90 percent of the CO2 would be sequestered. In November 2005, the Department of Energy (DOE) announced that a DOE-funded project had successfully sequestered CO2 into the Weyburn Oilfield in Saskatchewan, Canada, while doubling the fields oil recovery rate.BP is discussing options with Occidental Petroleum for sequestering the CO2 in Occidentals California oilfields, and technical studies are on-going to determine which of Occidental's nearby oil fields would most benefit from CO2 flooding.The estimated cost of the plant is $1 billion. The companies plan to finish detailed engineering and commercial studies this year and to complete project investment decisions in 2008, with operations commencing in 2011.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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