This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Europe's power system will look very different in 2030, with energy storage supporting the “dominance” of wind and solar generation, according to new research from Wood Mackenzie. By 2040, Europe is expected to add another 169 gigawatts of wind and 172 gigawatts of solar.
The IEA has reported that grids investment is expected to reach $400 billion in 2024, with Europe, the US, China and parts of Latin America leading the way. In 2023, the investment in the grids was about $375 billion, up from less than $350 billion in the previous year. Have you read?
With 2023 coming to a close, the impact of climate change and rapidly increasing electricity demand have illustrated the crucial importance of grid investment to ensure the grid is fit for purpose. What we need to work on is (grid) investments.” Join Enlit Europe in Paris. With plans to spend €35.8 Register now
The 29th Enlit Europe Expo was held at Messe Frankfurt International Exhibition Center, Germany from November 29 to December 1, 2022. Enlit Europe 2022 at Messe Frankfurt, Germany Enlit is a newly unified brand, composed by three global exhibition series, DistribuTech, Utility Week and Power-Gen.
Brookfield says the deal allows it to invest in new renewable energy projects across the US, Europe, Latin America, Asia, and the Pacific. Microsoft would purchase power generated in each new location. Powergrids need all the added capacity they can get since new AI data centers are expected to put more pressure on them.
Powergrids in many cities are being pushed to the edge of their operating limits with increased cooling demand and other climate change impacts, the IEA has reported. In China alone, in 2023 a 70% year-on-year increase in air conditioner sales was recorded. Have you read?
Plans to enable the UK to share renewable energy with countries across northern Europe took a major step forward today, as construction began on an electricity interconnector linking the country's powergrid with its Denmark's national network.
LV Insights X is an off-the-shelf solution that was launched in June 2023 for low voltage grid management. Join Enlit Europe in Paris. Implementing LV Insights X is the next milestone in our partnership with ASCR, incorporating valuable insights gained from a fruitful collaboration. Register now
France has an abundance of nuclear power generation, while the UK's growing renewable energy capacity from offshore wind farms in particular is set to enable it to sell increasing amounts of its surplus generation to Europe in the coming years.
This final 2023 edition of Smart Energy Finances Weekly looks into key deals from the last year and different trends to keep your eye on as we transition into 2024. Think AI-boosted investment platforms, moves to ease up grid connection queues and top tech players to watch.
In today’s distributed energy system, managing powergrid complexity is challenging. But grid operators are often handling these changes with an ageing infrastructure that wasn’t built with a distributed energy system in mind. This puts enormous pressure on power generation,transmission and the distribution network.
The Indian scheme was awarded in fiscal year 2022 and covers the construction of a new 400/220kV substation at Koppal along with 144km of 400kV direct current transmission line with extension of the 40kV GIS Bays at the PGCIL (PowerGrid Corporation of India Ltd) Narendra substation. Also from Smart Energy Finances: E.ON
Commented Skeleton Technologies’ CEO and Co-Founder Taavi Madiberk on the SuperBattery funding round: “Securing an investment from one of Europe’s largest tech companies is a significant milestone for Skeleton. million), ranking it among Europe’s top-financed deep tech firms.
Green hydrogen is both an untested and a potentially vital way for renewable-energy-poweredgrids to store their intermittent power for later use, not just for hours at a time, but for days, weeks or even seasons ahead. gigawatt Okeechobee power plant, and it could be online by 2023.
The largest natural gas infrastructure firm in Europe has launched a new hydrogen business and increased its financing for low carbon projects. Snam, which runs the Italian gas grid and is active in France, Greece and the U.K., The company's recent strategic documents lean heavily on renewable gas, power-to-gas, and hydrogen.
By 2026, AI could gobble up 10 times as much electricity as it did in 2023 Giants like Microsoft and Google are throwing everything they’ve got into developing the best AI tools and inserting them into every conceivable platform, from gaming to social media , work apps , and search. That all comes with steep energy costs.
Despite record investments into powergrid expansion to accommodate demand, grid operators Alliander, Enexis and Stedin have reported inefficient capacity to prevent increasing network congestion. Said Koen Bogers, CEO of Stedin: “Stedin does everything within its capacity to expand the powergrid…But that won’t be enough.
Integrating EV charging into the power system remains a key barrier in the face of the e-mobility ecosystem, states the latest e-mobility report from Eurelectric and EY. According to Eurelectric, EVs are booming in Europe. Sales grew by 25% in 2023, with EVs accounting for more than one in five new cars sold.
billion energy acquisition of Con Edison business assets, expansion into Europe of an online renewable asset trading platform, a new electric vehicle (EV) initiative from SMS to ease financial constraints for UK businesses and an IIoT acquisition by an energy tech designer. Renewables asset online platform expands into Europe.
Across Europe, there are massive expansion plans for renewable energy facilities that will need to be connected to networks,” said E.ON That’s why we’re investing even more and even faster in our powergrid infrastructure, which is set to continuously grow by an average of ten percent annually through 2028.” In 2023, E.ON
As the world transitions to more renewable energy sources, the global demand for battery energy storage systems (BESS) continues to surge and is expected to grow more than 20% per year through 2030, states Hitachi Energy, citing Bloomberg New Energy Finance’s (BNEF’s) 2023 Energy Storage Outlook.
As with the rest of the growing fleet of UK interconnectors the cable is designed to expediate trade in power between different countries, making it easier for grid operators to balance grids across northern Europe that are increasingly reliant on intermittent renewable power generation.
The Dutch companies are calling it the first ‘capacity restriction’ contract, which will see Eneco gear electricity supply from a wind project in Farmsum to meet the load on the powergrid, a technique to avoid peak demand periods known as congestion management. The contract takes effect on 1 September 2023.
Renewables has overtaken gas to become the biggest single source of power on the UK grid so far this winter, with power generated by wind, hydro and solar reaching a record 34TWh from 1 October 2022 to 13 January 2023.
With upgrading and modernising the powergrid system gaining increased importance and recognition as a non-negotiable for net zero, the question abounds: do we know what the future grid system will look like? According to executives from across the energy sector, we don’t.
In its National Quantum Strategy published in March 2023, the UK government identified the potential for quantum technologies to offer solutions towards the management and optimisation of the national energy infrastructure, among other areas in the energy sector.
Also on the radar is the launch of AI software company Rhizome, a climate resilience planning platform for the powergrid. The company, known for its energy market simulation software, is calling the acquisition a move to scale up and improve its platform in support of grid reliability and the energy transition. “The
The system, which is expected to become operational by end of 2023, paves the way for the DSO to operate a smarter grid and make advancements in its digital transformation journey, according to a statement. The energy transition is putting tremendous pressure on powergrids worldwide.
Closing, which is subject to the applicable employee consultation process in accordance with Dutch law, is expected by the end of 2023. A subsidiary of E.ON since 2020, Essent has over 90 years of experience generating, trading, transmitting and supplying electricity. Essent has 2.3
The HNT tokens, for example, are currently trading at around $5 and appear to be averaging in the range $5-10 after a low in 2023 around $1 following a late 2021 peak around $50. For those interested, the full proposal is detailed as HIP 128 on github.
The smart meter network is considered a critical part of the nation’s energy infrastructure and an important platform for digitalising the powergrid, enabling real-time data delivery to customers, network operators and suppliers. As of November 2023 (the last data available), almost 11.6
The company, which operates from Delaware, US, has said that, with pipeline growth to 6GWh in 2023, the company is doubling down on utility-scale battery energy storage systems (BESS) as a priority focus for 2024 and beyond. The company now aims to more than double its greenfield origination pipeline to more than 6GWh.
PJM Interconnection members have voted to endorse plans to speed up generation interconnection requests, improve project cost certainty and improve the process by which new and upgraded generation resources are introduced onto the electrical grid in 13 states and the District of Columbia. Sign up to our newsletter and stay informed.
In a bid to speed up the delivery and completion of critical powergrid projects, Alliander, parent company of Dutch utility Liander, has signed a framework agreement with Twentsche Kabelfabriek (TKF) to ensure a steady supply of 50kV cables for Liander projects.
billion), spurred by the call for grid expansion. In 2023, Tennet invested €7.7 year-over-year, over the course of 2023 underlying revenues decreased by €600 million ($655 million) to €9.2 In the Netherlands specifically, the powergrid has continued to reach capacity, despite record investments from its operators last year.
Utilities have increasingly recognised the increasing urgency of consumption management on the powergrid as a high priority. However, says Garret Fitzgerald of the Smart Electric Power Alliance (SEPA), although its importance is clear, this clarity is a recent phenomenon. This uptake was repeatedly cited as a key market focus.
Regional grid operators Alliander, Stedin and Enexis are collaborating with Dutch-German TSO TenneT in the Netherland on the Open Innovation Programme, which seeks to develop solutions to help combat grid congestion and optimise use of the electricity grid.
German grid operator E.DIS Netz has reported putting into operation its first radio site on the 450MHz radio network. The first radio site successfully started operation at E.DIS north of Berlin in late 2023, with the first use case for smart metering.
“We now look forward to working constructively with Ofgem and other stakeholders to finalise the investment required, in a timely manner, to build this underwater superhighway of electricity transmission, unlocking the electricity generation capacity required to power two million homes.”
With a powergrid that has been notoriously unreliable in the past, India’s goal to transform formerly passive consumers into prosumers would seem an uphill battle. Lower Energy Consumption: Energy consumption per individual may be lower per capita in India compared to Europe or the U.S.,
According to data from Red Eléctrica, renewable energies exceeded 50% of the Spanish generation mix in 2023. “The proposal for synchronous compensators made by ABB brings great added value with a fully integrated approach, based on an excellent technical solution and competencies.”
Energy Networks Association (ENA) in the UK has set out an industry action plan to release enough grid capacity in the next year to decarbonise Great Britain’s powergrid. With an additional 112GW of capacity already installed, the 139GW this action plan delivers exceeds the 225GW needed to decarbonise the grid, states ENA.
The poor progress is in stark contrast to the energy generation sector, where renewables have enjoyed a relatively good crisis, as projects have proceeded and clean power has commanded a higher than usual share of national powergrids.
In an exclusive conversation with Robert Denda, CEO of Gridspertise, he explains how digital grid solutions conceived in Italy, building on Enel Grids’ legacy, are supporting DSOs worldwide. The Italian giant had in fact pioneered in Italy the first country-wide smart meter deployment in Europe and among the first globally. “I
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content