This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
US clean tech company Intersect Power has closed $837 million in financing for the construction and operation of three standalone battery energy storage systems (BESS) in Texas, representing 1GWh in storage that will move from concept to commissioned in under 12 months.
The company is expanding manufacturing and bolstering resilience to increase the supply of its solutions for customers in utility, commercial, healthcare, industrial, and residential markets across NorthAmerica. The majority of these investments are expected to be completed in 2024 and 2025.
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.”
Kennedy International Airport, the busiest airport for international traffic in NorthAmerica, always seems to be reinventing itself. 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.
Italy’s Enel Group has announced a new investment strategy for the period 2024-2026, doubling down on grid investments and being more selective in renewables. The nearly €19 billion for grid investments will focus on improving quality, resiliency and digitalisation of the powergrid, alongside new connections.
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.
Entergy is touting the success of a grid modernisation and reliability task force that significantly improved powergrid reliability in the utility’s New Orleans service territory. Sign up to our newsletter and stay informed Originally published by John Engel on PowerGrid International.
Entergy Texas cites the National Centers for Environmental Information, which finds 179 extreme weather events in Texas from 1980 to June 2024, including hurricanes and winter storms. The accelerated hardening projects included in Phase one total a $335 million investment in the Southeast Texas powergrid.
The IEA has reported that grids investment is expected to reach $400 billion in 2024, with Europe, the US, China and parts of Latin America leading the way. Have you read?
The project is being coordinated alongside 10 transmission and offshore wind developers, including Atlantic Shores Offshore Wind, EDF Renewables, Equinor, Invenergy, National Grid Ventures, Ocean Winds, PPL TransLink WindGrid, RWE, Shell and TotalEnergies. Barnes, region president, Energy Systems NorthAmerica at DNV. “It
Making the announcement at the 2024 Consumer Electronics Show, where the metaverse has emerged as a top topic, Siemens introduced partnerships with Sony, Amazon Web Services and Microsoft that are expected to lay the foundation for the industrial metaverse with the immersive reality it brings for industrial and other users.
ESB Networks to use digital twin to mitigate weather impacts on the grid Extreme weather pushes powergrids to the brink – Is AI the answer? The study was conducted for the Wi-SUN Alliance by Censuswide in February 2024. Have you read?
For Xcel Energy, the rollout marks the next step in the modernisation of its powergrid, which so far has focussed primarily on boosting the capacity and reliability of the system through new and improved lines and substations. Xcel Energy serves approximately 3.7 million electricity and 2.1
The project was announced by Mayor Michelle Wu along with the Boston Housing Authority (BHA) and utility company National Grid. The project design is set to start in early 2024 and construction activity will commence by 2025.
.” #Beryl delivered a powerful blow across our service area – as seen in these pictures – but with the support of nearly 12,000 field resources, we expect to restore 1 million impacted customers by the end of day on Wednesday, July 10.
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.
The new factory is scheduled to be completed at the end of 2024 and produce up to twelve million cells annually. Construction commenced on the Lakeside project in August 2023 with the energy park due to go live by mid-2024. With the concluded financing round, Skeleton’s total funding exceeds €300 million ($316.7
From interconnection to market structures, US powergrid operators are grappling with an onslaught of battery storage development, which has boomed due to the critical need to shore up variable renewable energy. GW in 2020 to more than 14 GW by the end of 2023. Have you read?
Have you read: Sungrow VPP project to support ailing South African powergrid Australian VPP project to access 2m smart meters for load control AutoGrid is currently owned by Schneider Electric, which is also a strategic investor in Uplight. The deal is expected to close in early 2024, pending regulatory approval.
MISO and PJM, two regional transmission system operators (RTOs) announced that they will collaborate on an informational interregional transfer capability study, set to be performed during the second half of 2024.
billion in interest-bearing notes due from Brookfield, which are expected to be paid off by the end of 2024. FirstEnergy said some proceeds from the transaction will be used to support its five-year, $26 billion Energize365 grid investment program. The Ohio-headquartered electric utility company received $2.3 billion in 2022. .
Utilities have increasingly recognised the increasing urgency of consumption management on the powergrid as a high priority. However, says Garret Fitzgerald of the Smart Electric Power Alliance (SEPA), although its importance is clear, this clarity is a recent phenomenon. This uptake was repeatedly cited as a key market focus.
The smart grid phase 2 plan has three principal components – automation of distribution operations, advanced grid intelligence and telecommunications and cybersecurity. Have you read? The plan filings point to a number of challenges and opportunities that have driven the phase 2 vision.
In light of the pending transaction, Con Edison intends to forego its previously announced plan to issue up to $850 million of common equity in 2022 and withdraws its equity guidance for 2023 and 2024. Con Edison was represented by Barclays as financial advisor and Latham & Watkins, LLP as legal advisor.
Additionally, these federal investments are expected to unlock billions of dollars of state and private sector capital to build transformative projects that modernise and increase the reliability of the powergrid. The submission deadline for Part 1 of the application is March 11, 2024.
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. To meet the IEA’s net zero by 2050 pathway, the share must near 30% in 2030 and thus electrification needs to accelerate rapidly, the Electricity 2024 publication states.
Also on the radar is the launch of AI software company Rhizome, a climate resilience planning platform for the powergrid. The company, known for its energy market simulation software, is calling the acquisition a move to scale up and improve its platform in support of grid reliability and the energy transition.
In a release, California’s biggest utility, Pacific Gas and Electric (PG&E), said they had already restored power to approximately 1 million customers since Monday, February 5, although they expect to restore most accessible outages by end-of-day Thursday.
The smart meter rollout is expected to get under way by the summer of 2024 and to extend over three years. Other benefits anticipated include faster service response and restoration times, support for new energy savings and efficiency programmes and more accurate invoicing and billing control. Have you read?
The round comes as severe weather and wildfires continue to cause significant stress on powergrids across the globe, in some cases causing blackouts This is resulting in greater investments into powergrids and networks. billion ($300.9
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.
These additions bring with them critical benefits to our powergrid. Energy storage has unique capabilities to address grid resilience, with the ability to serve as generation, load, and transmission. Developers plan to expand US battery capacity to more than 30GW by the end of 2024.
These additions bring with them critical benefits to our powergrid. Energy storage has unique capabilities to address grid resilience, with the ability to serve as generation, load, and transmission. Developers plan to expand US battery capacity to more than 30GW by the end of 2024.
Sunrun has been selected to build Puerto Rico’s first Virtual Power Plant (VPP) by the island’s electric utility provider. The company is aiming to dispatch the VPP in 2024. Sunrun said it will aggregate the solar and battery storage systems of more than 7,000 customers to form the 17MW VPP.
Power generation was done using Organic Rankine Cycle (ORC) power plants, and each EGS project had a lifetime of 25 years. Configuration of an EGS project with a single production-injection doublet, ORC binary power plant, plant bypass line, makeup water source, and powergrid connection.
GM repurposes vehicle hydrogen tech for power supply Electric Vehicle Charging: 3 of the UK’s most common questions. The reliability of the US electrical powergrid has never been more important,” said Travis Hester, vice president of GM EV Growth Operations. “GM Have you read?
Ameren Illinois’ EV Charging Program Tariff has special rate and line extension provisions to encourage EV adoption and promote grid efficiency for home, multifamily, school and transit bus, and corridor charging. This was originally published on Power-Grid. Sign up to our newsletter and stay informed.
A third project — an 18-mile (29km) upgrade to an Imperial Irrigation District transmission line that imports and exports power between California’s Imperial Valley and Arizona — is expected to be in service in spring 2024 and is expected to result in $18 million in charitable funds on a $40 million Citizens investment.
Established in 2015 and headquartered in London, Statera is a prominent player in the UK’s battery storage and flexible energy sector, providing generation capacity from tech such as pumped hydro and green hydrogen to assist with balancing the powergrid.
National Transmission Needs Study The National Transmission Needs Study serves as DOE’s triennial state of the grid report and is an assessment of current and near-term future transmission needs through 2040. Register now Originally published by Sean Wolfe for, and edited with permission from, PowerGrid.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content