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Released December 22, 2021 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--With another year comes a new batch of industrial projects planned to kick off. While the number and total investment value of these projects is large at the beginning of the year, as time progresses many of these projects will fall out--that is, they will be cancelled, placed on hold, or deferred until a later date. Industrial Info is tracking more than $130 billion worth of high- and medium-probability Power projects with a planned kickoff date in 2022, which Industrial Info has rated as having a 70% to 99% probability of moving forward as planned. Obviously, not all of these projects will see the light of day, but many will move forward, representing a sizable chunk of spending.
By fuel type, solar projects dominate next year's planned project landscape, accounting for more than $57 billion. This is followed by wind ($22.5 billion) and natural gas ($10.7 billion).
Click on the image at right for a breakdown by the top five fuel types for planned 2022 U.S. power project starts.
Among the solar projects planned to kick off next year is 174 Power Global Corporation's (Irvine, California) Atlas solar and battery energy storage system (BESS) near Salome, Arizona, about 100 miles west of Phoenix. This ambitious project will use approximately 2 million solar panels installed on a single-axis tracking system to generate 1 gigawatt (GW). The accompanying 1-GW/4-gigawatt-hour BESS facility will use lithium-ion battery technology to store energy when the sun is shining and release it when it's not. Both projects are planned to kick off early next year and be completed by the end of 2024. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the detailed report on the solar facility and here for the BESS.
Several ambitious wind power projects are in the works, but some of the largest of these have seen slippage dates of several years. Among the largest high-probability wind projects set to kick off next year is TradeWind Energy LLC's (Lenexa, Kansas) planned Seven Cowboy Windfarm near Cordell, Oklahoma. The windfarm will use 107 2.8-megawatt (MW) turbines to generate about 300 MW. Engineering, procurement and construction firm IEA White Construction (Clinton, Indiana) is expected to begin construction early next year and complete the project by yearend. Subscribers can click here for the project report.
Other notable wind projects include the Phase II construction of NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) Wheatridge Windfarm near Echo, Oregon, in the northeast of the state. Phase II includes installation of 100 2.5-MW General Electric (NYSE:GE) (Boston, Massachusetts) turbines. Construction is expected to be completed in the summer of 2023. Subscribers can click here for the project report.
While new large-scale, natural gas-fired projects in the U.S. are few and far between as this form of fossil fuel gives way to wind and solar, a few remain on the books. With a nod to the future, several of the largest of these also will be fueled by hydrogen, such as Intermountain Power Agency (South Jordan, Utah) 1,228-MW Intermountain Generation Station near Delta, Utah, which will burn natural gas and initially use hydrogen as a secondary fuel before transitioning to 100% hydrogen. Utah's largest coal-fired plant (also in Delta) is scheduled for an early retirement in 2025, and the new plant will replace the power lost from the coal-fired facility. According to The Salt Lake Tribune, the current plant serves a handful of rural power cooperatives in Utah, but California utilities have historically purchased 98% of the power, which is carried 450 miles on a direct-current line across Nevada and into Southern California. Under California law, the state's electricity providers' future contracts must look to fuel sources other than coal as part of its emissions-reduction targets. According to the Tribune, at its startup, the plant will burn a gas mixture containing 30% hydrogen, which would expand to 100% by 2045. Construction is expected to wrap up in 2025. Subscribers can click here for the project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
By fuel type, solar projects dominate next year's planned project landscape, accounting for more than $57 billion. This is followed by wind ($22.5 billion) and natural gas ($10.7 billion).
Click on the image at right for a breakdown by the top five fuel types for planned 2022 U.S. power project starts.Among the solar projects planned to kick off next year is 174 Power Global Corporation's (Irvine, California) Atlas solar and battery energy storage system (BESS) near Salome, Arizona, about 100 miles west of Phoenix. This ambitious project will use approximately 2 million solar panels installed on a single-axis tracking system to generate 1 gigawatt (GW). The accompanying 1-GW/4-gigawatt-hour BESS facility will use lithium-ion battery technology to store energy when the sun is shining and release it when it's not. Both projects are planned to kick off early next year and be completed by the end of 2024. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the detailed report on the solar facility and here for the BESS.
Several ambitious wind power projects are in the works, but some of the largest of these have seen slippage dates of several years. Among the largest high-probability wind projects set to kick off next year is TradeWind Energy LLC's (Lenexa, Kansas) planned Seven Cowboy Windfarm near Cordell, Oklahoma. The windfarm will use 107 2.8-megawatt (MW) turbines to generate about 300 MW. Engineering, procurement and construction firm IEA White Construction (Clinton, Indiana) is expected to begin construction early next year and complete the project by yearend. Subscribers can click here for the project report.
Other notable wind projects include the Phase II construction of NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) Wheatridge Windfarm near Echo, Oregon, in the northeast of the state. Phase II includes installation of 100 2.5-MW General Electric (NYSE:GE) (Boston, Massachusetts) turbines. Construction is expected to be completed in the summer of 2023. Subscribers can click here for the project report.
While new large-scale, natural gas-fired projects in the U.S. are few and far between as this form of fossil fuel gives way to wind and solar, a few remain on the books. With a nod to the future, several of the largest of these also will be fueled by hydrogen, such as Intermountain Power Agency (South Jordan, Utah) 1,228-MW Intermountain Generation Station near Delta, Utah, which will burn natural gas and initially use hydrogen as a secondary fuel before transitioning to 100% hydrogen. Utah's largest coal-fired plant (also in Delta) is scheduled for an early retirement in 2025, and the new plant will replace the power lost from the coal-fired facility. According to The Salt Lake Tribune, the current plant serves a handful of rural power cooperatives in Utah, but California utilities have historically purchased 98% of the power, which is carried 450 miles on a direct-current line across Nevada and into Southern California. Under California law, the state's electricity providers' future contracts must look to fuel sources other than coal as part of its emissions-reduction targets. According to the Tribune, at its startup, the plant will burn a gas mixture containing 30% hydrogen, which would expand to 100% by 2045. Construction is expected to wrap up in 2025. Subscribers can click here for the project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
