14 MW Siemens Gamesa Turbine Raises the Bar

Siemens Gamesa (SG) scores 1st 2 contracts for its 14 MW machines; Orsted teams w/ 5 large Danish companies on H2; UL certifies a wireless EV charging technology; negative power prices in the UK

1) SG announced 14 MW turbine & two orders: the 1st for 300 MW off Taiwan & 2nd off Virginia, w/Dominion 2,640 MW project, ready by 2026.

2) Six of Denmark's biggest companies will create big green H2 projects for transportation & heavy industry. Orsted will lead, w/up to 3 GW wind & 1.3 GW electrolyzer by 2030. Shell has similar H2 project in Netherlands w/up to 10 GW offshore wind by 2040.

3) UL just certified Lumen Group's wireless EV inductive charging technology to its 2750 standard. W/ no physical contact betw vehicle and charger, this type of tech is already in Amsterdam, Oslo, & Nottingham.

4) On May 22, average day ahead wholesale price was -£9.92 per MWh, going as low as £52.03 MWh (approx -$64 US). These prices represent a potential challenge, w/a real bifurcation betw low cost renewables & fuel-fired dispatchable resources. It will be difficult to incentivize the addition of new dispatchable resources in the future; a better mkt structure must be developed to deal with this emerging dynamic, in UK, US, and elsewhere.