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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.
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
Energy efficient heating and cooling improvements are gaining in awareness and popularity. million Americans work in the clean energy industry and that number is only expected to rise as the number of clean energy projects increase. Take a look at a few of the trends we’re predicting in 2024. Additionally, 3.2
Consulting firm Wood Mackenzie released analysis saying California’s newly proposed net metering tariffs would cut the state’s residential solar market in half by 2024. would reduce payments granted to rooftop solar customers for the excess power they generate, which is known as net metering. Under NEM 3.0,
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.,
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.
Thirteen of the 27 EU countries have now reported completing their smart metering rollouts with penetration greater than 80% but eleven are lagging far behind. A further four countries, Portugal, Austria, Great Britain and Ireland, are progressing their rollouts, with three of them targeting 80% by 2024. Have you read?
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.
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.,
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.
The “house of the future” is a perennial American theme—from the Homes of Tomorrow Exhibition at the 1933 World’s Fair to The Jetsons, futurists have predicted a proliferation of labor-saving devices and home entertainment options. Nowadays, the focus is increasingly on the energy that these nifty gadgets require.
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.
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?
Japan’s electricity sector is facing the triple challenges in the energy transition of energy security, cost and decarbonisation , writes James Tedd from GridBeyond. Imported fossil resources contribute to all three of the challenges of the energy transition. Demand side measures. Image: GridBeyond.
Power-management multinational Eaton has announced investments in its North American manufacturing and operations to meet growing demand for electrical solutions from customers in utility, commercial, health care, industrial and residential markets.
BNG is being implemented in three stages, with major developments in scope from February 2024; small developments from April 2024; and nationally significant developments from November 20253. Defra did not give local authorities additional money specifically to monitor or enforce on-site gains4. hectares.
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.
Since 2014, non-residential storage system prices have declined by more than 15 percent in the U.S. Commercial and industrial customers with predictable, peaky loads are increasingly turning to storage to help manage demand charges. non-residential storage segment. non-residential storage segment. MW and MWh), 2018-2024E.
Panasonic’s Cardiff RE100 Facility: Technological Advancements at the Cardiff Facility Panasonic’s newly launched RE100 facility in Cardiff, Wales, represents a bold leap in renewable energy innovation. These systems are managed by Panasonic’s advanced Energy Management System (EMS).
The smart meter rollout has faced major disruption due to Covid-19, but installations are on the up again and experts believe the technology has the potential to unlock the next wave of the net zero transition. If you looked at 100 businesses across the country, many, many of them would have smart metering in. "If
Smart Energy Solutions (SMS) has begun laboratory testing of Interoperable Demand Side Response (IDSR) solutions as part of the UK Government’s Flexibility Innovation Programme. This step change in interoperability and interchangeability needs to come soon, and it won’t be simple for manufacturers.
Home appliances constitute the lowest layer of flexibility in the energy system but arguably they also are one of the most important layers. Interoperability status What then is the status of achieving interoperability of home appliances? Have you read?
This week Connecticut Governor Lamont signed a new law that will require the state to install 1 GW of energy storage by 2030 with milestone requirements every three years: 300 MW by 2024, 600 MW by 2027 and 1 GW by 2030. The Energy Storage Association (ESA) applauded the move.
Dubai Electricity and Water Authority (DEWA) reports commissioning no less than 11 new substations during the first half of the year – a 400/132kV substation and ten 132/11kV substations – along with 100km of 400kV overhead lines and 132kV underground cables connecting them to the network at a cost of over AED1.7 German energy company E.ON
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.
The IEA’s Electricity2024 report records electricitydemand 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% The update finds that world demand for electricity grew by 2.2%
Two major initiatives have been launched to grow the use of smart meter data to support the development of new products and services for Britain’s consumers and the energy system. As smart meters proliferate they are providing a growing source of data on consumer consumption patterns and network behaviour. million (US$3.3
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.
Bihar Partners with Bidgely to Reduce Energy Theft and Revenue Leakage Through AI-Powered Data Analytics Combination of AI and smart meter data accurately detects tariff misuse, direct theft, meter tampering and other non-technical loss LOS ALTOS, Calif.,
Cleantech San Diego member Baker ElectricHomeEnergy, a leading solar, battery, and homeenergy solution provider, has announced the launch of its ChargeOn Battery Rewards Program in partnership with sonnen, a global market leader in smart energy storage and virtual power plant (VPP) technology.
Contributed by Saverio Grosso, Edison Energy. Under the Act, passed in 2019, most buildings over 25,000 square feet—roughly 50,000 residential and commercial properties across the city—must meet new energy efficiency and greenhouse gas emissions (GHG) reductions by 2024, and stricter limits in 2030. Last month, the U.S.
A major cold snap led to record electricityusage in the Canadian province of Alberta over the weekend, culminating in demands from provincial utilities to limit consumption. The extreme cold and record-setting electrical consumption has reignited local debates about whether heat pumps are a viable option in the province.
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.
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.
Bidgely Unveils New GenAI Integration for Award-Winning UtilityAI Platform and Smarter Energy Management Pioneering first-of-its-kind Generative AI solutions for intelligent grid management and personalized customer experience LOS ALTOS, Calif.,
In 2020 California became the first state to require solar panels on the roofs of most new homes, a milestone for a residential solar industry that already enjoyed a healthy foothold in the state. De Young, which constructs about 100 homes per year, expects to grow its builds by 10 to 20 percent in 2020.
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%
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. Have you read?
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. Have you read?
New electricity, water and hydrogen smart meters, DLMS and LoRa standards developments, and new studies on circularity and IoT are on the week’s technology radar. The new smart meter also is interoperable with third-party vendor solutions, allowing backward compatibility and integration with existing installations.
Avista Utilities to Host Bidgely EmPOWER AI 2024 Conference Showcasing Advanced Solutions for Load Shifting, Grid Planning and Modern CX Join Tucson ElectricPower, SoCalGas, Rocky Mountain Power and others to learn real-world applications of AI and explore future technology advancements LOS ALTOS, Calif.,
By any measure, 2019 was a breakout year for energy storage in the U.S. Fueled by improved economics, increased demand for resilience, and the ever-increasing integration of intermittent renewable generation, energy storage installations hit an all-time high of 522 megawatts/1,113 megawatt-hours last year.
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?
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.
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