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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.
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.,
Consulting firm Wood Mackenzie released analysis saying California’s newly proposed net metering tariffs would cut the state’s residentialsolar 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.
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.
Despite the headwinds of 2023, the US solar industry is expected to have grown 55% compared to 2022, amounting to nearly 33 GWdc of capacity. It was the nation's largest year of installed solar capacity. Energy efficient heating and cooling improvements are gaining in awareness and popularity. Additionally, 3.2 Additionally, 3.2
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 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.
Total control of powerusage: from solar to EV and back to the house. Emporia Energy, which makes an energy management system for homes and small businesses, has launched a new smart Level 2 charger, and plans to offer bidirectional capability soon. The last one I was running is called Concord Energy.
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.
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. where developers are increasingly pairing large-scale solar arrays with batteries.
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).
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.
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
DSD Renewables , a developer and owner of renewable energy resources, has acquired a nine-project, 15 MW community solar portfolio in Minnesota from New Energy Equity. The 100% residential-offtake portfolio is estimated to generate more than 20,000 MWh annually, delivering power to approximately 900 subscribers.
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.
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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.
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.
Twenty-four startups joined our community in Q1 2024, working on innovations ranging from biobased building materials, to sustainable rubber, to solar-powered flight. Electricity Active Surfaces develops an ultra-lightweight, flexible solar technology for the built environment. The startup is part of ACCEL Year 2.
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Since 2014, non-residential storage system prices have declined by more than 15 percent in the U.S. Over the next five years, system costs will decline further, with all-in costs falling by more than 27 percent by 2024, according to a new Wood Mackenzie report that looks at the pricing landscape for the U.S. MW and MWh), 2018-2024E.
Japan’s electricity sector is facing the triple challenges in the energy transition of energy security, cost and decarbonisation , writes James Tedd from GridBeyond. While there has been growth in the solar sector, most generation is provided by gas and coal.
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.
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.,
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In 2020 California became the first state to require solar panels on the roofs of most new homes, a milestone for a residentialsolar industry that already enjoyed a healthy foothold in the state. There are exceptions to California's housing market slowdown where the solar market will benefit.
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%
California utility regulators put an indefinite hold on plans to vote on a proposed plan to revise the state’s net energymetering rules that would impact roughly 1.3 million rooftop solar customers. Gavin Newsom.
(APS) said yesterday that it will soon serve customers with even more solarpower after expanding the all-source request for proposals (RFP) originally issued in December 2020. These resources are expected to be in service in 2023 and 2024. million homes and businesses in 11 of Arizona’s 15 counties. APS serves nearly 1.3
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A screenshot of Equinor’s website, taken on 13 October, 2024 Credit: Edward Donnelly. Norway, not an EU member, is home to almost all of Europes operational carbon capture capacity, which is comprised of Sleipner and a similar project also operated by Equinor at its Snhvit gas field in the Barents Sea. Credit: Sabrina Bedford.
The recent residentialsolar industry downturn in the United States and Europe has required some inverter manufacturers to close down operations and cut jobs. Net-metering changes in the biggest solar state of California resulted in the residential market’s lowest quarter in nearly three years, according to 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.
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%
Funding Active Surfaces , a Go Build 2023 participant and ACCEL Year 1 alum that’s commercializing ultra-thin-film solar technology, raised a $5.6M CalWave Power Technologies , which is working to harness carbon-free power from ocean waves, was chosen by the U.S. Department of Energy. agreement with Tugliq Énergie Co.
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In a landmark move, California regulators last year redirected the Self-Generation Incentive Program (SGIP), the state’s main support mechanism for behind-the-meter batteries, to focus more than half of its $1.2 billion budget through 2024 on providing backup power to protect its most vulnerable populations.
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?
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This not only discourages domestic firms from relocating but also suppresses the effects of carbon border taxes by effectively equalizing carbon prices for both domestic and foreign producers in the home market. This is just another reason that more industries are looking towards hydrogen energy.
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.
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