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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
Carbon Sequestration Project Deemed Success by DOE
LCG, November 16, 2005--The Department of Energy (DOE) announced yesterday that, as part of a DOE-funded project, five million tons of carbon dioxide (CO2) has been successfully sequestered into the Weyburn Oilfield in Saskatchewan, Canada, while doubling the fields oil recovery rate.The Weyburn CO2 Storage and Monitoring Project receives CO2 transported from the Great Plains Synfuels Plant in North Dakota, where the CO2 is a byproduct of the coal gasification process. At the Weyburn Oilfield, the CO2 is injected into the oilfield to increase the pressure and the percent of oil recovered from the field.With typical enhanced oil recovery practices using water, the quantity of an oil field's reserves can increase from 10 percent to as high as 20 to 40 percent. With the practices developed using CO2 at the Weyburn Oilfield, there is the potential to recover 60 percent of the reserves, according to the DOE.The initial phase of the Weyburn Project shows promise for both extracting more energy from existing oil fields and sequestering CO2 to reduce greenhouse gases. Furthermore, it demonstrates the viability of developing coal-fired, power stations using an integrated gasification combined cycle (IGCC) plant design as part of a strategy to capture and sequester CO2. With the IGCC design, the generation process includes coal gasification, with the gas from the coal passed through a gas turbine to generate electricity. The hot exhaust gas from the turbine heats water to produce steam to power a steam turbine and generate electricity a second time. The gasification process included in the IGCC design enables the CO2 to be readily separated, and the economics to capture and sequester CO2 associated with an IGCC plant are expected to be significantly better than those associated with a traditional, pulverized coal plant.The next phase of the project will be to develop a best practices manual to support the design and implementation of CO2 sequestration in conjunction with enhanced oil recovery projects. Participants in the Weyburn Project include the Petroleum Technology Research Centre in Regina, Saskatchewan; the oilfield operator, EnCana Corporation of Calgary, Alberta; the U.S. Department of Energy, as well as industry and government organizations in Canada, Japan, and the European Commission.
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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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