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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.
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.
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.
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.
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.
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
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?
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
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.
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.
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?
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
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
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.
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?
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.
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.
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
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
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
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
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. .
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.
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
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?
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.
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?
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.
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.
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.
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 uncertainties centre on Equinor’s backing for new “net zero” gas-fired power plants fitted with technology to capture carbon dioxide (CO2) billowing from their smokestacks, and bury the gas in disused oil and gas fields under the North Sea. Credit: Sabrina Bedford. percent of the UK’s current yearly emissions.
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.
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.
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.
Truck OEM Scania has joined with digital road freight forwarder sennder Technologies to form a joint venture called JUNA, to advance electric truck adoption and promote electric solutions in road freight logistics across Europe. Berlin-based JUNA is introducing an innovative pay-per-use model for electric trucks.
The Paris Olympics International Olympic Committee (IOC) will deploy Energy Expert, a data-driven and cloud-based solution, to help measure and analyse smart meter-gathered power consumption data from across all 35 competition venues of the forthcoming Paris 2024 Olympics Games.
California regulators plan to address pleas from stakeholders in the energy storage industry to free up money for the state’s behind-the-meter battery incentive program, directing an additional $108.5 billion available through 2024 to cover part of the costs of installing batteries at homes and businesses.
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.
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.,
The Japan Organization for Metals and Energy Security (JOGMEC) has announced the list of six geothermal power projects that have been selected for the 2024 Geothermal Resource Survey Subsidy Program. Three of the six projects are new, while the other three are continuation of previously funded ongoing projects.
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