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GW of solar in 2024. Texas is also the fastest-growing market for grid storage, adding nearly 9,700 megawatts to the grid in 2024. Solar electricity generation and utility-scale batteries within the Electric Reliability Council of Texas (ERCOT) powergrid set records this summer.
According to West Monroe, in the US specifically, there are five priorities for utilities in 2024: decarbonisation and integrated electrification and gas planning; decentralised and virtual power supplies; transmission infrastructure needs; resiliency and security objectives; system operations digitisation.
The world now invests almost twice as much in clean energy as it does in fossil fuels: Global energy investment is set to exceed US$3 trillion for the first time in 2024, with US$2 trillion going to clean energy technologies and infrastructure.
However, even though the number of new coal power permits has decreased, the existing pipeline of projects still poses a challenge for China to meet its climate targets and energy transition ambitions, says GEM. Despite these signs of a shift, it may not be enough to reshape the country’s emissions decisively.
This final 2023 edition of Smart Energy Finances Weekly looks into key deals from the last year and different trends to keep your eye on as we transition into 2024. Think AI-boosted investment platforms, moves to ease up grid connection queues and top tech players to watch.
In today’s distributed energy system, managing powergrid complexity is challenging. But grid operators are often handling these changes with an ageing infrastructure that wasn’t built with a distributed energy system in mind. What is grid orchestration and why is it critical in 2024?
Powergrids 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.
The DER company has acquired Centrica’s demand response division, bolstering their DER capacity from 5.6GW to 6.3GW. CPower closes Centrica demand response acquisition. Their services aim to help customers earn revenue for participating in demand response solutions that bolster the grid.
That is the conclusion of new research released today by Imperial College London on behalf of energy firm Drax, which estimates that carbon emissions from Britain's grid fell by 16 per cent last year as a result of the growth of green power and plummeting energy demand during Covid-19 lockdowns. per cent.
How VPPs Reduce Both Costs and Emission in Meeting Peak Demands. The emergence of virtual power plants (VPPs) as bona fide replacements for fossil fuel peaker plants has been discussed conceptually, but is there data to support this opportunity? combustion turbines burning natural gas or oil meet most of the peak powerdemands.
Ireland-headquartered battery storage technology company ADS-TEC Energy has received more than 100 million euros in new orders, from both existing and new customers, for delivery of its fast-charging systems in 2023 and 2024. New customers include Dutch charging point operator PowerGo, which has ordered 20 ChargeBox systems.
Newly launched renewables services company Bullet EV , headquartered in Austin, Texas, has announced its goal of taking on the challenges of EV charger scarcity, a strained powergrid and volatile electricity rates. The company plans to expand nationally during 2024. Source: Bullet EV
The New Terminal One will have what its creators have said is the largest solar array at any US airport, which will power a fleet of electric vehicles used at the terminal both landside and airside. Construction of the massive array, consisting of more than 13,000 solar panels on the terminals roof, began in 2024.
A new report by the Rhodium Group ( released March 11, 2025 ) explores how geothermal energy can play a crucial role in meeting the rapidly growing electricity demand from data centers, driven by the AI boom. By 2028, data centers could account for 7-12% of total electricity demand, stressing the powergrid.
Whilst still limited in its impact in Ukraine, cyber skills have developed into weaponry for war, and powergrid operators are already being caught in the crossfire. We have also seen demand for this training from other critical infrastructure sectors including gas, water and transport too.
A new study argues that data centers could be ideal demand-response participants because they have the potential to be flexible. 2024 TechCrunch. All rights reserved. For personal use only.
Designwerk’s Mega Charger is a battery-buffered charging station with two CCS charging points, each with maximum power output of 420 kW. The container-sized charging station is equipped with batteries with a capacity of up to 2 MWh, in order to avoid burdening the powergrid at peak demand times.
The IEA’s Electricity 2024 report records electricity demand 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% in 2023, less than the 2.4%
Since 2018, hundreds of thousands of Pacific Gas & Electric customers and tens of thousands of Southern California residents have experienced blackouts as utilities de-energize powergrids to prevent them from sparking wildfires. California Sen.
Batteries in ERCOT (Electric Reliability Council of Texas) played an essential part in keeping the lights on during extreme 2023 summer heat, freeing up more than 3GW of natural gas power plants during critical hours, finds research from Aurora Energy.
Dublin-based smart energy company GridBeyond and Stagecoach, the largest bus operator in the UK, have announced a partnership to enable the latter to participate in the UK’s capacity market from October 2024. “We look forward to working together with Stagecoach and to start the Capacity Market programme.
With 2023 coming to a close, the impact of climate change and rapidly increasing electricity demand have illustrated the crucial importance of grid investment to ensure the grid is fit for purpose. What we need to work on is (grid) investments.” With plans to spend €35.8
The hard truth is that the majority of electric grids were not originally designed to accommodate DERs, writes Dominique Verhulst, head of the Energy Segment at Nokia’s Network Infrastructure Group. All this ratchets up the importance of transforming the powergrid into a dynamic entity that can sense, think, and act.
The link will transmit wind power generated by energy giant SSE on the islands to the UK mainland, where it will help meet electricity demand in the north of Scotland and beyond, the firms said. Capable of transmitting 600MW, the Shetland HVDC Connection is expected to be operational in 2024.
A line worker tends to fallen power lines in the East End neighborhood of Houston, days after Hurricane Beryl made landfall, on Thursday, July 11th, 2024. Climate change supercharges disasters like storms and wildfires that often cut off power. Soaring demand for air conditioning also stresses out the grid.
While this may be temporary, it could well be permanent, and such uncertainty demands that, more than ever, business flexibility is a key determining factor to future success. The good news is that the technology is already available to respond to this need for flexibility and the changing demands of energy markets.
By the end of 2025, the global battery industry will be able to produce more than five times the number of cells needed by the world that year, according to BloombergNEF’s Electric Vehicle Outlook 2024. This is good news for automakers and EV buyers,” the report asserts. The other piece of the puzzle is stationary storage.
Avista Utilities to Host Bidgely EmPOWER AI 2024 Conference Showcasing Advanced Solutions for Load Shifting, Grid Planning and Modern CX Join Tucson Electric Power, SoCalGas, Rocky Mountain Power and others to learn real-world applications of AI and explore future technology advancements LOS ALTOS, Calif.,
V2G tech company Nuvve and battery specialist Guangzhou Great Power Energy and Technology Corporation have announced a strategic partnership to accelerate the deployment of stationary storage batteries and their integration with the powergrid. V2G technology and grid services like demand response increase those savings.”
Reflecting on a week of record finance results from German and Dutch utilities, Smart Energy’s Power Playbook column sees Yusuf Latief discuss grid investment plans and whether they are indicative of grid planning finally going right. billion, highlighting the role of the grid in minimising economic loss. billion ($22.6
Transmission upgrades are vital to help build the net zero carbon grid of the future by integrating large-scale solar and wind farms into the nation’s powergrids. Our progress report for summer 2024? Our progress report for summer 2024? But building transmission lines is contentious and time-consuming.
Earlier this year, Eaton announced a $300M investment in its North American manufacturing and operations to support growing demand for its electrical solutions, the company said. The majority of these investments are expected to be completed in 2024 and 2025.
Climate change poses new risks to the powergrid, and Costa Rica has a lot of work left to do to get more solar and wind farms online. The first one is on the demand side because the climate is hotter, so everybody is using the air conditioners and the electricity demand gets higher. Even so, it’s not a perfect system.
bp has entered an agreement with Harmony Energy Income Trust to offer power trading and optimisation services for two battery storage systems, making use of a previously acquired AI-based platform to support the powergrid during hours of peak demand.
ENTSO-E has released its draft research, development and innovation roadmap 2024-2034 for Europe’s transmission system for consultation. These are: • Cluster 1 – Powergrid: backbone for the energy system – to improve resilience, efficiency and sustainability of powergrids from planning, procurement, construction to utilisation.
Government and grid operators in the Netherlands are taking new, urgent measures to ensure sufficient space on the Dutch powergrid as demand continues to surge in the compact country. That is good news, but it also puts enormous pressure on our powergrid.
The Indian scheme was awarded in fiscal year 2022 and covers the construction of a new 400/220kV substation at Koppal along with 144km of 400kV direct current transmission line with extension of the 40kV GIS Bays at the PGCIL (PowerGrid Corporation of India Ltd) Narendra substation.
Britain also chalked up a number of green electricity records last year as record levels of wind and solar generation dominated the powergrid during periods of low demand thanks to lockdown measures spurred by the coronavirus crisis, and several of the UK's remaining coal plants shuttered.
In this week’s edition of Smart Energy’s Power Playbook, Yusuf Latief reports on an investment update from the International Energy Agency (IEA) which has found that of the total $3 trillion expected to be invested in energy, the lion’s share will go into renewables and the powergrid, surpassing fossil fuels.
The investment plan covers the period 2024 to 2028, with €2.6 Specifically, Terna intends to boost investment in developing the national powergrid, with expenditure totalling €10.8 The most important projects in the 2024-2028 investment Plan, states Terna, include the Tyrrhenian Link, the Adriatic Link, Sa.Co.I.3
Uplight says the acquisition can lead to more customers enrolled in utility energy programs, more DER connections, and more program options for utilities, grid operators, energy producers, and businesses across increased market segments and geographies. The deal is expected to close in early 2024, pending regulatory approval.
The systems involve electric-powered vehicles communicating with the powergrid to sell demand response services, usually overseen by a third party, such as energy retailers or aggregators. The new service features Nissan-unique energy management technology that controls the charging and discharging of EV batteries.
Through the offering, British homeowners will be paid to switch on the hot water cylinder during low peak times, supporting the national grid’s onboarding of more renewables. This follows an initiative from Mixergy, whereby more than 70% of their customers already opt-in as a ‘Mixergy Hero’ to help solve grid congestion.
The grid operator said it anticipates working on the expansion and reinforcement of the Dutch grid at 700 locations in the Netherlands over the next decade. This is according to TenneT’s Investment Plans 2024-2033 , which outlines which projects are needed over the next ten years to make the electricity grid ready for the future.
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