Orbital Gas Systems Secures Third Purchase Order Under U.K. BioMethane Contract

Posted by OilVoice Press - OilVoice


Orbital Gas Systems ("Orbital" or the "Company"), a wholly-owned Energy subsidiary of CUI Global, Inc. (NASDAQ: CUI), announced it has received the third of three purchase orders from a major European industrial company for the production of BioMethane-to-grid terminals. The contract, awarded in May 2018 and valued at approximately $1.7 million, calls for the production of three BioMethane-to-grid terminals that will each include the Company's GasPT® analyzer. The contract was secured as a direct result of the May 2018 passage of the U.K. Government's Domestic and Non-Domestic Renewable Heat Incentive (“RHI”) Scheme to encourage uptake of renewable heat and contribute towards the Government's 2020 renewable energy target.  Following the passage of that RHI scheme the U.K. has seen a dramatic increase in the number of planned BioMethane-to-grid facilities. The Company currently reports having 27 active, outstanding bids for such projects across the U.K.

Orbital U.K. President Paul D. White stated, “Our ability to offer the unique GasPT Technology and a turnkey solution that engineers our energy products into our integration solutions is a substantial competitive advantage in the marketplace, and one that enables us to deliver significant value for the customer and the growing market for BioMethane.”

The GasPT's recent certification from Ofgem was followed closely by approval from the U.K. Environmental Protection Agency under the European Union Emissions Trading System (“EU ETS”), also known as the European Union Emissions Trading Scheme, the first large greenhouse gas emissions trading scheme in the world.  EU ETS certification means that the GasPT device is now certified for fiscal monitoring throughout the U.K. and Western Europe.

CUI Global President & CEO William Clough said, “This most recent award and additional BioMethane projects anticipated as a result of the U.K.'s RHI incentives underscores the changing regulatory and CAPEX environments in the U.K. that serves as a tailwind for our Energy business and a roadmap for future demand across Western Europe. With the significant number of bids we have outstanding for proposed BioMethane-to-grid projects in the U.K., the recent certifications of our GasPT by Ofgem and the EU ETS and Orbital's world-class engineering capabilities, we are on the path to greater Energy revenues.”

Orbital Gas SystemsUnited KingdomContractBiomethanegasCUI Global

More items from oilvoice

Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice

Posted 4 months agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice

Posted 4 months agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice

Posted 4 months agoPress > CNOOCChina National Offshore Oil CorporationChevron +11

Total Announces the Distribution of its Second 2018 Interim Dividend

The Board of Directors met on December 12, 2018 and declared  the distribution of a second interim dividend for the 2018 fiscal year of €0.64 per share, in accordance with the Board's decision of July 25, 2018, an amount equal to the first 2018 interim dividend and an increase of 3.2% compared to t ...

OilVoice Press - OilVoice

Posted 4 months agoPress > TotalDividend

Methyl Tertiary Butyl Ether Capacity Will Grow at a CAGR of 16.8% in India Over Next Four Years, says GlobalData

India's Methyl Tertiary Butyl Ether (MTBE) plant capacity is forecasted to grow at a compound annual growth rate (CAGR) of 16.8% from 0.211 million tons per annum (mtpa) in 2017 to 0.460 mtpa in 2022, according to GlobalData , a leading data and analytics company. The company's report: ‘ Met ...

OilVoice Press - OilVoice

Posted 4 months agoOpinion > GlobalDataIndiaMTBE
All posts from oilvoice