How much does the phase change energy storage system cost in Guyana

Will Guyana's gas-to-energy project reduce the cost of electricity?

The government says the Gas-to-Energy project will provide the fiscal space to cut the cost of power by 50%. Replacing imported heavy fuel oil (HFO) with Guyana’s natural gas as the main source of electricity generation will significantly reduce emissions. The country also experiences power instability, partly due to rising demand outpacing supply.

When will Guyana's integrated gas processing facility be completed?

The Guyana government expects the integrated gas processing facility to be completed by the fourth quarter of 2025, with a partial start-up planned earlier in the year. However, the government is in arbitration proceedings with its contractor, concerning a dispute over some costs and time of initial start-up.

When did the gas-to-energy project start in Guyana?

Steam turbines and oil tanks arrived in Guyana for the Gas-to-Energy project on December 21, 2024 (Photo: Lindsayca-CH4) Entering the commissioning year of the Gas-to-Energy project, here is an updated breakdown of the basics – parameters, costs, timelines, and other key information. What is the Gas-to-Energy project?

Does Guyana's power grid need to be modernized?

Guyana's power grid is in a severe state of disrepair and needs to be modernized. Approximately 26 percent of the power generated by GPL is lost due to inefficiencies in the grid.

Does Guyana have a potential for hydropower?

Guyana has significant potential for hydropower, like its neighbor Suriname which has successfully developed hydro power programs. Renewable energy is viewed as a potential solution by the GoG to reduce the cost of power and provide reliable electricity.

What does the Guyana Energy Agency do?

The Guyana Energy Agency is responsible for overseeing feasibility studies for the integration of renewable energy programs in Guyana and has regulatory oversight over certain aspects of the energy industry, in addition to the Ministry of Public Works.