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The number of smart meters in NorthAmerica reached almost 146 million at the end of 2023 and with ongoing growth is expected to number 182.9 In a new study, Berg Insight reports that at the end of 2023, the overall penetration in NorthAmerica surpassed 80% with 130.6 million in 2024 and gradually decline to 14.9
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
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
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.,
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.
Xcel Energy is planning to install around 100,000 smart meters in each of its North and South Dakota service areas. The new rollouts have kicked off in Fargo and West Fargo in North Dakota and Sioux Falls in South Dakota. ” Xcel Energy launched its Wisconsin smart meter rollout in September 2023. .
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.
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.
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.
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.
4-County ElectricPower Association (4-County) in partnership with communications solutions firms DZS and Irby Utilities is expanding the rollout of a fiber network from pilot phase into full implementation. The fiber network is a foundation by the co-op to offer other smart city services as well.
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!
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.
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.
Agag added that the launch is more than about unveiling a new vehicle, it’s also about “pioneering the future of sustainable motorsport” Agag further stated that hydrogen fuel cells provide an incredible opportunity to lower the carbon footprint of motorsport and promote clean power solutions. meter-wide (7.87
Anyone working in the energy sector knows by now that it is undergoing an unprecedented and rapid change, requiring the introduction of many new and previously unknown technologies. But still meters – in many cases now, smart meters – remain the main ‘connection’ with customers and thus the cornerstone of a utility’s operations.
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.
Clearly, end users – consumers, businesses and data centre operators – do not have direct control over this. 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.
SWTCH Energy , which provides EV charging and energy-management solutions for high-density urban settings, raised a $27.2M Department of Energy (DOE) as part of the Advanced Energy Project Tax Credit (48C) program for its metal-refining facility in Fairfield, Ohio. tax credit allocation from the U.S.
Decentralisation, blockchain and AI, the future grid and the space race are some of the areas in which numerous advances have been made in 2023 and are set to continue during 2024. But for this one I have decided to take a forward look to 2024 – and would invite your feedback on its focus and style for the year ahead. Have you read?
Ørsted’s decision to divest from its liquefied natural gas business in December came as no surprise to observers tracking the company's progress in offshore wind. The Danish developer has so much offshore wind business in motion that experts predict it will lead the market for at least half a decade.
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%
itselectric’s chargers get their power from host properties, behind the meter. Successfully deploying curbside charging requires creative ways of thinking about the hardware, the business model, and the supply of electricalpower, as Nathan King, co-founder and CEO of curbside pioneer itselectric, explained to Charged.
Energy harvesting brings carbon benefits, Fike Blue to quench battery thermal runaways and a quantum-space collaboration are on the week’s technology radar. “Products like ours, which allow us to eliminate unnecessary energy consumption, represent quick and affordable wins compared to extensive infrastructure investments.”
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.
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.
The US Energy Information Administration (EIA) has launched a survey on the electricity consumption of cryptocurrency mining in the country. The EIA is running the survey from February through July 2024 with identified commercial cryptocurrency miners, who are required to respond with details related to their energy use.
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?
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.
This funding is under the DOE’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs. Letters of intent are due on the 27th of August 2024 and full applications need to be submitted by the 8th of October 2024. million for Phase 2.
The World Energy Council’s World Energy Trilemma 2024 report reveals changing ambitions and new challenges facing global energy systems. Energy security now encompasses the reliability of renewables, availability and accessibility or critical minerals, and resilience in the face of physical and cyber threats.
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.
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?
Decreased Renewables Cost: Levelized Cost of Electricity (LCOE) to project sponsors is expected to decrease by 40-60%, which will likely result in cost reductions for commercialelectricity users. Notes: PTC stands for Production Tax Credit. ITC stands for investment tax credit. Sources: Deloitte Analysis, H.R.5376
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 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?
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?
Uplight, a software provider for utilities, announced an agreement to acquire AutoGrid, a Virtual Power Plant (VPP) and Distributed Energy Resource Management System (DERMS) provider. AutoGrid’s software specialises in electric vehicles, batteries, roof-top solar, utility-scale wind and other DERs.
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