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According to the Q1 2025 US Energy Storage Monitor from Wood Mackenzie Power & Renewables and the American Clean Power Association (ACP), energy storage installations surpassed 12GW in 2024.
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.
As businesses weigh up Gen AIs ability to drive business growth against the technologys environmental cost, the report outlines measures to design a responsible and sustainable generative AI strategy. To mitigate this, organizations are increasingly turning to renewable energy sources and optimizing their AI infrastructure.
Toyota to Test Hydrogen-Electric Hybrid Van in Australia Toyota Motor Corporation has announced its plans to embark on public road tests for a new hydrogen-electric hybrid HiAce van in Australia next spring. This cutting-edge vehicle showcases a dual power system, seamlessly integrating a hydrogen engine with an electric motor.
Now, new breakthrough climate accounting technologies are emerging as solutions to track and verify energy and carbon emissions, and report energy purchases and consumption. As more of these services hit the market, corporations making ambitious climate pledges will need to adopt energy and carbon tracking and reporting technologies.
Record-Breaking Financial Momentum Bloom Energy has closed 2024 on a high note with remarkable financial results. For the full year, Bloom Energy generated $1.47 This surge in financial performance stems largely from robust growth in product and service revenues, which jumped 67% in the last quarter of 2024 alone.
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
Eversource is ready to instal smart meters for its more than 1.2 million residential and small business customers in Connecticut, US. At the time of the filing, the company estimated that approximately 800,000 meters would be 20 years or older within five years. In its filing, Eversource estimated a benefit-cost ratio of 1.2
Smart meters are prominent in water companies’ 2025-2030 business plans, in line with regulatory expectations for large-scale rollouts. What are the key benefits of smart meters for utilities and their customers? What are the key benefits of smart meters for utilities and their customers?
Jamaica Public Service Company has reported that 520,000 smart meters were installed at the end of January, corresponding to about 75% of the customer base. The rollout, launched in 2015, has seen a J$14 billion (US$90 million) investment as part of the initiative to modernise the electricity network and improve the customer experience.
The nation’s power sector is also heavily reliant on hydrocarbons, which is hardly surprising considering its affordability and supply. With an ambitious renewable energy target of 50% of its power supply by 2030, is there a prominent role for geothermal in Saudi Arabia’s energy mix?
Japanese automotive manufacturers Honda Motor and Mitsubishi have announced plans to establish a new 50/50 joint venture (JV) company called ALTNA in July 2024. The new JV is based on an agreement the two companies signed in October 2023 to collaborate on new EV businesses. Source: Honda
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.
Hydro One and NV Energy success stories highlight innovative use of AI to improve EV adoption and integration WASHINGTON, D.C. February 11, 2024 Smart ElectricPower Alliance (SEPA), in partnership with Bidgely , has released a new Insight Brief: AI for Transportation Electrification. and LOS ALTOS, Calif.,
As the world moves steadily toward sustainability, Ampace’s debut at EICMA 2024 in Milan marks a milestone for the e-mobility sector, showcasing its newest Kun-Era series battery technology. As a joint venture by CATL and ATL, Ampace stands out in the realm of advanced energy solutions. Sponsored by Ampace.
million smart electricity and gas meters were installed in British homes and small businesses, amounting to 61% of all meters, reports the UK Department for Energy Security and Net Zero in their quarterly smart meter update. million were smart electricitymeters and 14.5 At the end of 2023, 34.8
ExxonMobil Baytown Low-Carbon Hydrogen and Ammonia Project: A New Milestone in Clean Energy ExxonMobil, one of the worlds leading energy companies, is progressing with plans for a cutting-edge low-carbon hydrogen and ammonia facility in Baytown, Texas. This ambitious project, expected to produce up to 28.3 Gulf Coast.
AI Takes Off AI was everyones favorite buzzword this year, but more than that, were only just beginning to realize its incredible value and staying power. Deforestation in Manoel Urbano, Brazil on March 24, 2024. A mountain fire in Ventura County, California on November 6, 2024.
This strategic approach enabled the effective provision of energy across various areas of the event, including performance stages, catering, and production. They feature a remote two-way connection to the machines and the grid available onsite, ensuring monitoring of the application to reach the highest efficiencies.
Happy New Year 🎉 We’re glad to be back in your inbox after a little R&R over the holiday break, and we’ve got one last gift for you: our 2024 Climate Tech Investment Trends report, live now. Investors didn’t fully push the restart button in 2024, as the 2023 “wait-and-see” crowd had hoped.
Industry group calls on governments to ensure regulation is fit for purpose and “look beyond LCOE”, in order to accelerate growth of wind energy and meet climate targets. According to the report, 2019 was the second biggest year for wind power historically, with installations of 60.4
Chinese manufacturer MingYang Smart Energy has unveiled a 264-meter tall, 16-megawatt capacity offshore wind turbine. 242 becomes the world’s largest hybrid drive wind turbine with a 242-meter diameter rotor, 118-meter long blades, and 4,600 m2 swept area. The MySE 16.0-242 ” The MySE 16.0-242
Following a tender review, local press has reported that the Cyprus Telecommunications Authority (CyTA) can proceed with the 400,000 smart meter rollout across the island. In February 2024 Cyprus’s Electricity Authority, the state-owned energy company, awarded the tender for the smart meter rollout to CyTA at a cost of €39.9
Millions of smart water meters are proposed for installation before 2030 and beyond in Britain as water companies seek to reduce leakages and consumption. million people with water supply, aims to complete its full smart meter rollout by 2030. South West Water proposes to install about 530,000 smart meters. Have you read?
Xcel Energy is planning to install around 100,000 smart meters in each of its North and South Dakota service areas. The full rollout of the approximately 100,000 smart meters in each state is expected to run well into 2025. ” Xcel Energy launched its Wisconsin smart meter rollout in September 2023. .
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.,
Stem Inc has reaffirmed guidance of positive adjusted EBITDA for 2024, despite starting the year with a 62% year-on-year decrease in reported revenues and a fall in bookings.
billion Self-Generation Incentive Program budget to help low-income communities install about 100 megawatts of stalled behind-the-meter battery projects. The shift won’t tap the $613 million in SGIP funds earmarked for low-income and medically vulnerable customers at highest risk of fire-prevention power outages. California Sen.
Australian shipbuilder Incat Tasmania is building a gigantic new battery-electric ferry. The lightweight catamaran has an overall length of 130 meters and a capacity of 2,100 passengers and 225 vehicles. Norwegian maritime industry battery provider Corvus Energy will supply the battery systems to Wärtsilä. Source: Wärtsilä
Italgas has reported completion of the rollout of the first 20,000 units of its new next generation hydrogen ready gas smart meter. The company has not stated where the meters have been deployed but the aim is to test the technology in the field during 2024, prior to a widescale rollout across Italy starting in 2025.
The penetration rate of smart gas meters in Europe reached 45% in 2023 and is set to increase to about 62% by 2028, Berg Insight has reported. In 2023 the installed base of smart gas meters amounted to 55.9 million units per year during 2024–2025. million units and at a CAGR of 6.8% is projected to reach 77.6 Have you read?
2024 is here, and it’s full of promise for the climatetech industry. Cell-based meat Named to Lux Research’s “Climate Tech 2024 Watch List” Tender is introducing a new generation of alternative meat products—produced in the kitchen by chefs—that have the same texture, taste, and consistency as real meat.
reports Germany’s smart meter rollout is still sluggish and the country is lagging others in Europe such as Sweden and the UK. claims to be the first company to reach the 100,000 smart meter milestone, which occurred in the municipality of Thalmassing in the network area of E.ON already has four million smart meter installations.
Global turbine leader Vestas has taken sole control of its offshore wind joint venture, a move that says a lot about Vestas' current standing in the sector and even more about where wind power is headed. With a weakened balance sheet, Vestas was better placed to accelerate its offshore business with a partner. MW iteration.
The Megawatt Charging System (MCS), a standard for high-power charging of commercial EVs, is steadily moving from the pilot stage toward commercial implementation. It includes 3-meter liquid-cooled cables (longer lengths optional). The company will also offer a CCS version of the i-light by the end of 2024.
California regulators have finalized plans to direct more than half a billion dollars in behind-the-meter battery incentives over the next four years to customers most at risk of the state’s increasingly deadly wildfires and the grid outages meant to prevent them. Big changes for California's energy storage market.
Rome’s public transport company ATAC (Azienda per la mobilità) has ordered 411 battery-electric city buses from Italian manufacturer Iveco. The €300-million deal, Iveco’s largest electric bus order to date, includes a 10-year, full-service maintenance plan for each bus. Source: Iveco
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.
Bogota public transit agency Transmilenio has ordered 596 new BYD electric buses, bringing the city’s electric bus fleet to a total of 1,485 units. The Colombian capital now appears to have the largest electric bus fleet outside China, and has taken the South American title from Santiago de Chile , which has 776 e-buses.
As energy policy and politics shift globally, business flexibility will be a necessity for the success of the energy transition. Well, not quite, because anyone who has even briefly scanned the news over the last few months will have noted the shift in the political mood music around energy policy across the world.
Brazilian energy distribution firm Energisa Group is expanding the rollout of mPrest’s transformer health management system (mTHM) following a successful pilot. The pilot included the use of mTHM to monitor the health status of 112 transmission and distribution transformers. Have you read?
Power grids globally must be upgraded by 2040 to keep the lights on. And while these upgrades will likely cost trillions, virtual power plants (VPPs), writes Autogrid’s Gisela Glandt , can curb these costs to the tune of $10B annually. Making 2024 count – First steps Climate conversations are now mainstream. Have you read?
The Geothermal Association of Kenya has announced an extension for abstract submission for the Kenya Geothermal Congress 2024. Abstracts will be accepted until the 15th of February 2024. The Kenya Geothermal Congress 2024 will be held at the Safari Park Hotel & Casino in Nairobi, Kenya from the 16th to 21st of July 2024.
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