Market Trends

The assets of Crown Energy—New York customers and natural gas supply infrastructure—have been absorbed by EnergyMark in the deal.

Synthesizing alternatives to iridium oxide will allow for cheaper hydrogen production at increased scale.

The finalization of $380 million Series C financing enables the company to meet hydrogen manufacturing demands.

SoCalGas has pledged its commitment and $500,000 in funding to ClearSign’s Hydrogen Ultra Low NOx burner project.

The funding will be put toward the financing of NextDecade’s LNG trains at the Rio Grande LNG export facility in Brownsville, TX.

The Turbomachinery & Pump Symposia in Houston, TX, held at the George R. Brown Convention Center, runs Sept. 25 – 28, 2023.

One million tons per annum of LNG will be supplied by EQT for Commonwealth LNG’s facility in Cameron, LA.

Verdagy’s facility will produce water electrolyzers at increased scale, beginning operations in early 2024.

The joint venture executes an operating agreement for offshore carbon capture and storage at the Cameron Parish CO2 hub.

The commercial agreement secures additional regasification capacity at the Gate Terminal B.V. LNG hub in the Netherlands.

Microsoft’s purchase will help scale and reduce the cost of Heirloom’s direct air capture facilities.

The company sold its 42% non-controlling interest to KKR.

Dominion Energy sells its 50% limited partnership stake to Berkshire Hathaway, raising the company’s partial ownership of Cove Point LNG.

The private water desalination company is cooperating with six Italian enterprises to further developments in green hydrogen production and water desalination.

The Woodfibre LNG facility has committed the sale and offtake of its LNG output to bp for a 15-year contract.

Four Pipestone assets have been acquired by AltaGas to expand its portfolio of LPG production and supply.

The MRO facility is part of a 50/50 joint venture and will commence operation in 2026.

Full ownership interest in Carbonvert’s carbon capture and sequestration (CCS) project has been sold to Equinor.

ASCE Florida selects New River RNG for its use of technology in emissions reduction and low-carbon transportation fuel.

Development funding has been completed for Commonwealth’s LNG export facility in Cameron, LA.

Purchase price not disclosed, Atlas Copco absorbs the Australian manufacturer of wastewater solutions, Sykes Group.

Chart Industries enters the all-cash transaction to part with Howden Roots, expanding Ingersoll’s portfolio of compression and vacuum technologies.

Worldwide orders of turbines were up 47%, but 2023 sales are expected to be lower.

Emerging market dynamics continue to play a role in the turbomachinery repair and maintenance landscape, leading to inventive methodologies.

In the summer July/Aug 2023 issue of Turbomachinery International, we examine gas turbine and compressor repair and maintenance trends, provide an outlook on the future of hydrogen as a gas turbine fuel, deliver a report on gas turbine sales in 2022, and more.