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San Diego Gas & Electric (SDG&E) has filed a $3 billion plan for the years 2024-2027 towards its ongoing clean energy drive. Among the major investments detailed is the implementation of the next generation of smart meters in order to give customers more control, access and insights into their energyusage.
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.
French oil major Total and Japanese conglomerate Marubeni have won the rights to build Qatar’s first utility-scale solar PV project, due online in time for the 2022 World Cup. Qatari national power firm Kahramaa has signed a 25-year power-purchase agreement for the output of the project. Lowest-ever solar PPA price.
V2G tech company Nuvve and battery specialist Guangzhou Great PowerEnergy and Technology Corporation have announced a strategic partnership to accelerate the deployment of stationary storage batteries and their integration with the power grid.
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 home energy 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. Right now, GM only has one electric vehicle that’s capable of bidirectional charging: the 2024 Chevy Silverado EV RST.
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.
Puerto Rico utility Luma plans island-wide smart meters among smart grid and other initiatives to improve reliability and services for customers over the next three years. More than 64,000 customers with 396MW of rooftop solar PV were connected, with the number averaging 3,000 new connections per month.
gigawatts of solar, wind and battery storage projects, part of a massive clean energy growth plan that will open the utility's six-state territory to third-party renewable energy developers. Its solarpower is being largely targeted for Utah, Wyoming, Oregon and Washington. That plan broke new ground for the 1.9
?Atlantic City Electric will start the broad installation of new smart meters for its nearly 565,000 customers beginning in September 2022, and continuing through 2024. According to the electric utility, there will be no upfront cost to customers for their new smart meters.
Decentralisation, blockchain and AI, the future grid and the space race are some of the areas in which numerous advances have been made in 2023 and are set to continue during 2024. But for this one I have decided to take a forward look to 2024 – and would invite your feedback on its focus and style for the year ahead. 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.
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.
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% annually through 2026.
According to IDTechEx, which provides research on emerging technologies and their markets, although the adoption of EVs across all sectors will contribute to a drastic reduction in tailpipe emissions, for economies where grids are already at capacity, the increased load of an electric transport sector risks blackouts and power supply issues.
Decreased Renewables Cost: Levelized Cost of Electricity (LCOE) to project sponsors is expected to decrease by 40-60%, which will likely result in cost reductions for commercial electricity users. Notes: PTC stands for Production Tax Credit. ITC stands for investment tax credit. Sources: Deloitte Analysis, H.R.5376
Recurrent Energy, LLC, has acquired two standalone energy storage projects from Black Mountain Energy Storage (BMES). The projects, which are in the South Load Zone of the Texas ERCOT market, are each anticipated to store up to 200MWh of energy. Sign up to our newsletter and stay informed.
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.
Uplight, a software provider for utilities, announced an agreement to acquire AutoGrid, a Virtual Power Plant (VPP) and Distributed Energy Resource Management System (DERMS) provider. AutoGrid’s software specialises in electric vehicles, batteries, roof-top solar, utility-scale wind and other DERs.
Protecting satellite imagery from fraud Satellite imagery is becoming increasingly important as a source of data for energy and water utilities, as for other sectors also. Such climates generally have abundant sun or wind and are thus ideally suited to renewable energy production.
The full article “Power supply characterization of baseload and flexible enhanced geothermal systems” can be accessed via this link. A new approach to EGS modeling Several studies have been done in the past on the potential of EGS for power generation. The study also has a companion ArcGIS web-based map.
The number of smart meters in NorthAmerica reached almost 146 million at the end of 2023 and with ongoing growth is expected to number 182.9 In a new study, Berg Insight reports that at the end of 2023, the overall penetration in NorthAmerica surpassed 80% with 130.6 million in 2024 and gradually decline to 14.9
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.
Solar geoengineering — also called solar radiation management or solar radiation modification — was then and is now a fraught subject. As the climate crisis has escalated, some experts have suggested that drastic measures like solar geoengineering may eventually become necessary and so should be researched now.
In deals, $2.2bn in electric cars, $800m for Octopus’ expansion, and $34m for EVs in India. So crack those knuckles next for a deep dive on the 19th, where we’ll be publishing the results of the 2024 Climate Tech Oracle Survey. Put your 2024 predictions to the test here and see how you stack up.
In deals, $550m for sustainable data centers, $500m for electric vertical take-off and landing services, and $471m for EV manufacturing platforms. However, this incident may prompt the EPA to reconsider these delegations given concerns it does not have proper resources to monitor projects. Meeting
The US Department of Energy (DOE) announced up to a $1.3 To realise the full benefit of the nation’s goal of 100% clean electricity by 2035, we need to more than double our grid capacity,” said US secretary of energy Jennifer M. Construction is expected to start in Q1 of calendar year 2025.
The electric competition is head and shoulders above the legacy automakers and scrappy startups racing to turn EV strategies into production and deliveries, and the trends of Tesla in the US and BYD in China illustrate some of the larger geopolitical tensions in the EV supply chain. Thanks for reading! Not a subscriber yet?
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.
The pledge also calls on international banks to include nuclear in energy lending policies to help finance project-killing infrastructure expenditures. Nuclear is having its moment in the sun. In the US , a 2023 Pew Research Center survey shows 57% of Americans favor nuclear power, a 14% increase over 2020.
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