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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.
Image: GM General Motors’ initial new homeenergy products are now available to purchase, including the equipment necessary to turn your GM-made electric vehicle into a mobile power generator for your home. A “properly equipped home” and “proper grid interconnection” may also be required, GM says.
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
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.
Washington state utility Tacoma Public Utilities is close to completing a 300,000 smart electricity and water metering project. The smart metering upgrade, which began five years ago, is focussed on putting in place a future-proof electricity and water metering infrastructure for the city’s growing number of residents.
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 The deployment of the smart meters, which will replace the now outdated current meters as part of the company’s grid modernisation, will continue across the state through 2025.
Rapid growth in EV charging points in France, supplier switching on the back of Britain’s smart meter data network, energy harvesting for wearables and the opportunity to balloon to the edge of space are on this week’s technology radar. Energy harvesting with a wearable. 1 million EV charge point milestone in France.
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.
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.
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.
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?
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.
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?
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%
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.
The IEA’s Electricity2024 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% in 2023, less than the 2.4% However, the demand is expected to rise, growing by an average of 3.4%
Millions of drivers around the world live in dense urban neighborhoods where they have no driveways, and thus no possibility of installing a home EV charger. itselectric’s chargers get their power from host properties, behind the meter. For one thing, you use a behind-the-meterpower connection for your chargers.
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?
UNIGRID Battery , a UC San Diego spin-off startup company and member of Cleantech San Diego’s Southern California Energy Innovation Network (SCEIN), announces that it has received its first commercial MWh-scale purchase orders for their advanced sodium ion batteries. The company was founded in 2021 from the Ph.D. “The U.S.
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?
The 2024 William K. As an adjunct professor at Columbia University and Johns Hopkins University, he finds it deeply rewarding to guide the next generation of renewable energy finance leaders. Department of Energy As a Deputy Director of Partnerships and a Senior Executive Leader at the U.S. Award for Leadership The William K.
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