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Buried deep underground at depths of 1,093 to potentially 3,000 meters, the deposit is part of the Carboniferous aquifer and demonstrates substantial concentrations of naturally occurring hydrogen. This discovery is not just about France; it represents a possible game-changer for the clean energy landscape.
Surge in demand for customer engagement, energy efficiency solutions also drives company toward profitability LOS ALTOS, Calif., December 12, 2024 Bidgely , a leading global energy intelligence company, drove momentum for profitability in 2024 by quadrupling revenue for its grid products.
Xcel Energy has announced the start of the rollout of smart electricitymeters in its Wisconsin service territory. The installations will start in the company’s southern communities and will lead to the installation of more than 260,000 of the new smart meters in the service area through 2025. million electricity and 2.1
The directional well was drilled into a fracture zone at 7500-8000 feet (2286 – 2438 meters) deep. The estimated capacity of the well is estimated to exceed 200 MWth, and will be more than enough for the 15 MWe Lightning Dock power plant. The geothermal field was put up to sale due to underperformance issues.
San Diego Gas & Electric (SDG&E) has filed a $3 billion plan for the years 2024-2027 towards its ongoing clean energy drive. Among the major investments detailed is the implementation of the next generation of smart meters in order to give customers more control, access and insights into their energyusage.
The global energy storage market quadrupled last year to 4 gigawatts of new installations and will surge to a 15-gigawatt annual market in 2024, even as system price declines slow down, according to Wood Mackenzie. But the market has seen a rash of major project announcements recently, driven in particular by the U.S.,
In September, BMW , Ford and Honda agreed to form an equally owned company named ChargeScape to create a platform connecting electric utilities, automakers and interested EV customers. It is expected to be operational early in 2024. Source: Honda
V2G tech company Nuvve and battery specialist Guangzhou Great PowerEnergy and Technology Corporation have announced a strategic partnership to accelerate the deployment of stationary storage batteries and their integration with the power grid.
This surge has significant implications for consumers, industries, and energy markets worldwide. Severe Weather is Driving Demand Higher Arctic conditions across NorthAmerica and Europe have dramatically increased heating demand, leading to higher natural gas consumption. As more U.S.
French oil major Total and Japanese conglomerate Marubeni have won the rights to build Qatar’s first utility-scale solar PV project, due online in time for the 2022 World Cup. Qatari national power firm Kahramaa has signed a 25-year power-purchase agreement for the output of the project.
Pando Electrics solution for multifamily properties provides simple, compact boxes equipped with standard NEMA 240-volt receptacles, and requires drivers to use the portable charging cables that come with their cars. But it doesnt mean sacrificing must-have features such as load management and revenue metering. Well, maybe not.
Total control of powerusage: from solar to EV and back to the house. Once an EV can double as a stationary storage device, it will take its place as part of an energy ecosystem that includes rooftop solar and energy management—and could even become a source of revenue for owners and a valuable grid-balancing resource for utilities.
Puerto Rico utility Luma plans island-wide smart meters among smart grid and other initiatives to improve reliability and services for customers over the next three years. In addition, more than 300,000 streetlights are to be installed in 78 municipalities over the next three years.
Honeywell invests in Sparkmeter SparkMeter, a provider of grid management services, equipment and software solutions across Africa, Asia and the Americas, has secured a strategic $5 million investment and global partnership with Honeywell Smart Energy, a utility digital solution provider. stake in energyRe Giga Projects.
Rapid growth in EV charging points in France, supplier switching on the back of Britain’s smart meter data network, energy harvesting for wearables and the opportunity to balloon to the edge of space are on this week’s technology radar. Energy harvesting with a wearable. 1 million EV charge point milestone in France.
Southwestern ElectricPower Co (SWEPCO) is launching a two-year smart meter rollout programme for its customers in north and central Louisiana. The deployment of the smart meters, which will replace the now outdated current meters as part of the company’s grid modernisation, will continue across the state through 2025.
gigawatts of solar, wind and battery storage projects, part of a massive clean energy growth plan that will open the utility's six-state territory to third-party renewable energy developers. Its solar power is being largely targeted for Utah, Wyoming, Oregon and Washington. PacifiCorp has opened bids for up to 4.3
In this debut of the Power Playbook, our spotlight on the finance and investment side of the energy transition, Yusuf Latief investigates how Vehicle-to-grid (V2G) tech is becoming a burgeoning market space ripe with investment opportunities. billion by 2026 , growing at a compound annual growth rate (CAGR) of 4.28% from 2021 to 2026.
Barcelona-headquartered digital solution provider Flexidao is collaborating with Google to track and validate its carbon-free energy portfolio across the globe. As part of this global rollout, Flexidao is streamlining data collection by identifying sources for electricity data from national data hubs, utility systems and grid operators.
Centre stage in this week’s Smart Energy Finances is the closing of an acquisition by CPower. CPower helps DER owners with flexible capacity across industries, including big box retail, commercial real estate, data centers, crypto mining sites, education, healthcare and government, and manufacturing. GW of #DER capacity!
Energy harvesting brings carbon benefits, Fike Blue to quench battery thermal runaways and a quantum-space collaboration are on the week’s technology radar. Currently, EnOcean’s wireless building-automation devices manage 221 million m2 of floorspace or the equivalent of around 74,000 football fields, the company boasts.
Rhode Island Energy has got the go ahead for an almost 525,000 smart electricitymeter rollout in the New England state. A key driver for the rollout is that approximately 60% of Rhode Island Energy’selectricitymeters across the state are nearing the end of their design life and need to be replaced.
ChargePoint’s brand-new Network Operations Center (NOC) will implement 24/7 proactive station monitoring, and will use predictive analytics and machine learning to more rapidly detect station downtime. The company will also introduce a comprehensive training program to certify electrical contractors that install EV charging infrastructure.
SWTCH Energy , which provides EV charging and energy-management solutions for high-density urban settings, raised a $27.2M Series B to bring EV chargers to apartment and condo buildings. Department of Energy (DOE) as part of the Advanced Energy Project Tax Credit (48C) program for its metal-refining facility in Fairfield, Ohio.
itselectric’s chargers get their power from host properties, behind the meter. For the last few years, the EV industry has been agonizing over the problem of providing charging for urban drivers who depend on on-street parking, and have no possibility of installing chargers at their homes.
While the smart grid innovations – as measured by the number of smart grid ‘international patent families’ (IPFs) as a share of the overall power IPFs – have been on the decline since a high in 2011, they increased dramatically in 2022, provisional data indicates. Have you read?
Puerto Rico utility Luma’s smart meters will replace the almost 1.5 million meters that were damaged by Hurricane Maria in September 2017. Other benefits anticipated include faster service response and restoration times, support for new energy savings and efficiency programmes and more accurate invoicing and billing control.
Although Ørsted faces competition from companies such as RWE, Iberdrola, Vattenfall and Shell, “Looking five years ahead, I don’t think other developers can beat them for the ‘first’ title,” said Feng Zhao, strategy director at the Global Wind Energy Council, an industry group based in Brussels.
CES 2024 took place in Las Vegas, Nevada, and with it came a slew of new product announcements and unveilings from the tech world. In a parking garage equipped with an automated valet parking system, electric cars featuring this technology can drive themselves to an available parking space furnished with a charging spot.
CES 2024 took place in Las Vegas, Nevada, and with it came a slew of new product announcements and unveilings from the tech world. In a parking garage equipped with an automated valet parking system, electric cars featuring this technology can drive themselves to an available parking space furnished with a charging spot.
However, their business customers along with lease finance providers need to be encouraged to accept and enable longer usage periods through regular maintenance programmes, refurbishment, resell and reuse. Notes [1] UN GEM Report 2024
The fourth episode of GeoTV is now online featuring a recap and interviews from the 2024 Geothermal Rising Conference in Hawaii. With over 1,200 global leaders in attendance at the event, this episode dives into the growing momentum of geothermal energy and its role in tackling the climate crisis. Watch the 4th episode of GeoTV here.
The IEA’s Electricity2024 report records electricity demand growth easing in 2023 but is projected to accelerate over the next three years through 2026. The update finds that world demand for electricity grew by 2.2% in 2023, less than the 2.4% annually through 2026.
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. Power transformers in particular encounter obstacles due to inflationary pressures and supply shortages. Have you read?
The Utah Frontier Observatory for Research in Geothermal Energy (Utah FORGE) has published a progress report on their groundbreaking EGS project following stimulation and circulation tests. State-of-the-art seismic monitoring mapped these fracture networks. The production well 16B(78)-32 was subsequently drilled in 2023.
Siemens Energy’s positive Q1 results due to the strong performance of its Grid Technologies and Transformation of Industry portfolios lead this week’s Smart Energy Finances analysis. Siemens Energy’s strong Q1 Revenue came in at €7.6 billion ($8.2 billion) reflecting a 12.6%
This week’s Smart Energy Finances looks at an investment round for Neara, an Australian company that has developed a platform that uses AI to help utilities design networks, enhance wildfire and vegetation management programmes and bring renewable projects online faster. million) for Shanghai ElectricEnergy Storage Technology.
Insecure communications leave the door open to threats ranging from petty theft (fraudulent billing) to major data breaches (theft of vehicle data or customer credit card info) to disaster-movie scenarios (sabotage of electrical grids). Q&A with Irdeto’s Senior Vice President of New Markets and Senior Director of Electric Vehicles.
According to IDTechEx, which provides research on emerging technologies and their markets, although the adoption of EVs across all sectors will contribute to a drastic reduction in tailpipe emissions, for economies where grids are already at capacity, the increased load of an electric transport sector risks blackouts and power supply issues.
In 2024, U.S. utilities had nearly doubled their forecasts of how much additional power they will need by 2028, driven primarily by demand from rapidly growing number of data centers. To responsibly meet this surging demand, new, scalable clean energy sources must be developed. By 2050, it is estimated that the U.S.
At the foundation of the smart grid is smart meters and AES Ohio expects to have deployed these to 95% of customers by June 2025. With the successful deployment of smart meters and mid-line reclosers in phase 1, customers are benefitting from fewer outages and decreased restoration times. Have you read?
According to a research report released by Wood Mackenzie, the US energy storage market grid-scale segment installed a record 4,733MWh in the third quarter of 2022. This figure surpasses the previous quarterly high of 4,598MWh in Q1 of 2021, according to the research company’s latest US Energy Storage Monitor. GW in 2026.
The wells have been drilled to depths ranging from 860 feet to 1000 feet (262 to 304 meters) and will provide critical information that will help the project team put together a feasibility plan for further development. “ We will know much more in time, but we are hopeful.”
The US energy storage market broke previous records for deployment across all segments in the final quarter of 2023, with 4,236MW/12,351MWh installed over the period. These additions bring with them critical benefits to our power grid. With a robust pipeline, the future for energy storage deployment is strong.” Have you read?
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