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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.
The number of smart meters in North America reached almost 146 million at the end of 2023 and with ongoing growth is expected to number 182.9 million smart electricitymeters in the US and 15.4 over the period to 2029, the penetration of smart meters in the US should increase to 94% and in Canada to 96% in that year.
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.
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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?
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.
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
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.
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.
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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.
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.
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. where developers are increasingly pairing large-scale solar arrays with batteries.
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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. More than 64,000 customers with 396MW of rooftop solar PV were connected, with the number averaging 3,000 new connections per month.
Over its 13-year history, California’s Self-Generation Incentive Program has been the state’s primary driver for distributed solar, biomass power systems, fuel cells. and, over the past half-decade or so, behind-the-meter batteries. billion in present and future funding, that would go to the equity resiliency budget.
utility can reach net-zero carbon emissions by 2050 while still keeping natural gas as a central part of its business, both to generate electricity and to sell to its customers. utility has yet fully fleshed out how it intends to eliminate natural gas power plants from its generation portfolio. To be sure, no U.S.
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The Australia Energy Market Commission (AEMC) has issued a draft rule to start accelerating the deployment of smart meters from July 2024. The draft rule follows the March decision of the Commission to fast-track the process, to achieve a full rollout of smart meters across the country’s national electricity market by 2030.
The world’s largest asset manager has a new multibillion-dollar renewable energy fund in the works, and a good chunk of it may go to batteries. billion into more than 250 wind and solar projects around the world, a fleet that generates enough power to keep the lights on in Spain. energy storage market, Torres said.
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. Customers can also stack the benefits of payments for solar generation on top of this.
Last fall, community choice aggregators serving three Northern California counties announced plans to deploy thousands of solar-battery systems to provide backup power to residents facing the threat of fire-prevention blackouts. rooftop solar installer and behind-the-meter battery aggregator, to get it done.
Design and installation of the first off-grid solar PV system, installation of the first 10-metre-high wind monitoring masts and the world’s first solarpowered vaccine refrigeration system for use in developing nations. A scaling up of local energy plans to create a national energy plan by 2024. *A
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New York’s recent legalization of recreational marijuana for adult use has set off a flurry of entrepreneurial activity as businesses seek to establish a foothold in the State’s new and lucrative market. Due to their fans, lights, and 24/7 operation, indoor cannabis farms and manufacturing facilities consume a lot of electricity.
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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 solarpower is being largely targeted for Utah, Wyoming, Oregon and Washington. That plan broke new ground for the 1.9
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Long Island was once the “backbone” of New York’s solar industry, according to Steven Engelmann, business development director at New York-based EnterSolar. Total solar installations on Long Island dropped from 111.7 But solar developers on Long Island say the solution is not enough.
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