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A new report published by Research and Markets states that the global smart meters market will expand by 9% between 2021 and 2026 and highlights factors driving the market. billion in smart grid investments is expected to be made in the Asia Pacific between 2018 and 2027. billion to $30.2 billion to $30.2 Have you read ?
(GIA) shows that the global market for smart electricitymeters is expected to reach $15.2 The prediction comes courtesy of market research publisher GIA’s latest report, Smart ElectricityMeters – Global Market Trajectory & Analytics. billion by 2026. Covid-19 and its market repercussions. CAGR and reach $11.9
Several floors below the firm’s balcony, power lines crisscross over piles of garbage, a fleet of rickshaws and cow patties on a rooftop, being dried for cooking fuel. ” Rapid growth in India’s renewable energy sector is driving demand for new technologies to modernize the country’s power sector.
India’s Panaji Municipal Corporation has awarded its smart water metering contract to Cranberry Analytics for use of its smart meters. The award will see Cranberry utilise Semtech’s LoRa devices and the LoRaWAN standard into its ultrasonic smart water meters. Have you read: AMI to influence utility cybersecurity spend for 1.3
Blockchain’s energy sector uses range from the highly speculative—think peer-to-peer energy trading using cryptocurrency raised in initial coin offerings (ICOs)—to more incremental efforts, grounded in real-world challenges of operating an increasingly decentralized power grid. are testing it out.
Industry group calls on governments to ensure regulation is fit for purpose and “look beyond LCOE”, in order to accelerate growth of wind energy and meet climate targets. According to the report, 2019 was the second biggest year for wind power historically, with installations of 60.4
As the 2020s progress, flexible energy portfolios will grow significantly as resources on either side of the meter proliferate in the U.S., Europe, Asia and beyond. Both electric vehicles and electric heat are expected to see record growth in the 2020s. Today, the U.S. gigawatt-hours today. and Europe.
Remote minigrids are a tough market for a traditional smart meter vendor. The meters that minigrids use need to be cheap, rugged and reliable, and they must be able to adjust to the often unstable operating conditions of solar-powered standalone grids. ” The World Bank’s International Finance Corp.
Smart electricitymetering in Asia-Pacific is expected to grow at a rate of over 6% from 818.6 With this, the penetration rate of smart electricitymeters in the region will grow from 61% in 2023 to 80% in 2029 while cumulative shipments during 2024–2029 will amount to a total of 872.7 million smart meters.
The smart electricitymetering market in Asia-Pacific is on its way to reaching a historic milestone of 1 billion installed devices, according to a new research report from IoT analyst firm Berg Insight. Asia-Pacific rollout. million units in 2021 to 1.1 billion units in 2027. million units.
Heading into fall, this batch of career updates from the worlds of sustainability and business is somewhat top-heavy. Amid myriad social, health and political crises, business sustainability is alive and well and living the Paris Agreement. The streaming media giant just started reporting on its renewable energyusage last winter.
Energy Absolute is a major Thai electric utility that’s branching out into e-mobility. Now Energy Absolute has announced plans to deploy a fleet of 27 electric catamarans, which will operate as passenger ferries on the Chao Phraya River in Bangkok. Source: Danfoss Editron’s.
The smart meters market is expected to surpass $55.7 Rapid expansion and modernisation of grid infrastructures along with growing awareness of energy conservation will propel the smart meters market scenario. • million by 2025 Gas and power prices continue to soar due to Ukraine conflict. Market factors.
Some 80% of organisations in the Asia Pacific were affected by ransomware attacks in 2021 with 51% paying the ransom, according to the Global State of Industrial Cybersecurity 2021: Resilience Amid Disruption report released by Claroty. Cybersecurity guidance for distributed energy resources Ransomware – how secure are your protection relays?
The concept of smart cities is gaining popularity due to rapid urbanisation and favourable government initiatives worldwide. Additionally, the growing adoption of electric vehicles (EVs) has also created a demand for the development of advanced charging infrastructure in cities worldwide. billion by 2030, a CAGR of 24.2%.
The research – ‘ Decarbonisation through Digitalisation’ – seems to show that manufacturing businesses are investing in digital technologies more than ever before and reaping multiple benefits, including productivity increases, product improvements, reduction in waste and labour efficiencies.
Following a decline from 2016 to a little over $300 billion 2019 and 2020, the investment in power grid infrastructure has been steadily increasing, the IEA shows in its latest ‘World Energy Investment’ overview. Power transformers in particular encounter obstacles due to inflationary pressures and supply shortages.
For decades, governments of Southeast Asia gave agricultural companies the rights to develop vast swathes of forest, and those companies turned wilderness into plantations as fast as they could. In 2011, the government of Susilo Bambang Yudhoyono announced that it would stop handing out forest land for palm oil plantations.
This week’s edition of Smart Energy Finances sees a new study from BDEW and CapGemini detail how sustainable transformation and decarbonisation purchasing are more important than ever for Austrian and German utility Environmental, Social, and Governance (ESG) goals. ESG for utilities: decarbonisation on the up.
The proportion of global power generation represented by VRE, such as wind and solar power, has been rising rapidly since 2007. Renewables will become the largest source of electricity generation in 2025. Existing hydropower plants can also help with this large ramp up power.
The Southeast Asia region has earned an excellent reputation in the field of geothermal power generation. As of the end of 2023, the Philippines and Indonesia have a combined installed geothermal power capacity of 4370 MW , or about 27% of the global installed capacity. It can be small, even just 100 kW.
The coronavirus crisis gripping the global economy has forced clean energy analyst BloombergNEF (BNEF) to downgrade its expectations for the solar, battery, and electric vehicle (EV) markets, in one of the first signals that the escalating pandemic could undermine urgent efforts to combat climate change.
The Energy Development Corporation (EDC) recently celebrated the 40th year anniversary of the Tongonan geothermal power plant in the Leyte geothermal field of the Philippines. After several years of intensive exploration and development work, the Tongonan-1 geothermal power plant was inaugurated on July 02, 1983.
The utilities industry has warmly embraced this disruption by introducing smart meters, intelligent sensors, and other connected technologies into their existing infrastructure. The costs associated with this change have always been closely analyzed by business leaders. Source: Global Markets Insights.
The coronavirus crisis gripping the global economy has forced clean energy analyst BloombergNEF (BNEF) to downgrade its expectations for the solar, battery, and electric vehicle (EV) markets, in one of the first signals that the escalating pandemic could undermine urgent efforts to combat climate change.
Today, governments and private companies worldwide are integrating advanced technologies into their workflows, gaining unprecedented Earth insights with faster processing times—all without compromising quality. At Planet Connect Sydney , the New South Wales government shared the NSW Imagery Hub that they launched in July 2023.
Many people are already familiar with Indonesia, the Philippines, Japan, and China as some of the leaders of geothermal development in Asia. In September 2023, the Energy Market Authority (EMA) called for proposals for a nationwide non-invasive survey in Singapore , signaling increased interest in geothermal exploration.
In order to fulfill the potential of geospatial technologies – both as a business and as an agent for progress and problem-solving – the products have to evolve. This evolution would also include democratization of data for academia and governments. It serves as an essential national information resource.”.
The City of Seoul in South Korea has created a “Comprehensive Plan for Promotion and Activation of Geothermal Energy” that aims to grow its current installed geothermal heating and cooling capacity of 278 MWth to 1 GW by 2030. of the city’s renewable energy mix.
Cleaner Electricity Grids Equal Longer Life Expectancy By Nils Frenkel, Sales Director, North America When I was working with the City of San Antonio’s Climate Action and Adaptation Plan a few years ago, I learned about a shocking statistic in the city I call home. Peaker Plants Are Located Throughout the U.S.
Q&A with Alex Urist, Vice President of XCharge North America Battery storage, once considered a nifty additional feature for large-scale charging infrastructure projects, is steadily becoming de rigueur for public and commercial charging deployments of all sizes. A battery-buffered system is just taking energy from the grid.
Public charging is expected to be a low-margin business, and this makes it even more important to manage the network in an efficient way once they emerge from “land grab” mode and start focusing on profits. These might be utilities, system integrators, or electrical installers and contractors. Think of it as like Salesforce.
India Energy Storage Alliance (IESA), India’s leading industry alliance on energy storage, e-mobility, and green hydrogen, has released its 3rd annual edition of the 2021 India Electric Vehicle and Component Market Overview Report 2021-2030. Register to join World Energy Storage Day. million automobiles.
Glasgow-based Smart Metering Systems (SMS plc), an energy infrastructure company, has acquired the domestic services division of Manchester-based heat pump specialist Evergreen Energy, which imports and distributes European-made renewable energy products.
This week’s Smart Energy Finances looks at an investment round for Neara, an Australian company that has developed a platform that uses AI to help utilities design networks, enhance wildfire and vegetation management programmes and bring renewable projects online faster. million) for Shanghai ElectricEnergy Storage Technology.
The latest generation smart meters provide data to both the customer and the grid operator. Coupled with data from other grid-edge and grid-centric devices, smart meters are paving the way for a dynamically managed energy system for a net zero world. Why is trustworthy data the essence of a successful smart grid?
Companies planning to build new coal-fired power plants will no longer be able to get financing from BNP Paribas, following the banking giant's introduction of a string of new policies aimed at eliminating its exposure to coal-fired electricity projects. BNP Paribas granted €185m to Germany's RWE, €150m to Czechia's ?EZ,
The gas can be produced either through the electrolysis of water using renewable power to create green hydrogen or through its extraction from methane, a process that produces carbon dioxide as a by product that can then be captured and stored resulting in so-called blue hydrogen.
According to the study, factors driving an increase in the adoption of microgrids include: The inability of grids to meet growing energy demand. The study states that continued increases in energy demand are resulting in the failure of traditional power grids to maintain energy reliability and security. Have you read?
The field campaign follows the signing of an MOU between the Government of Arunachal Pradesh and NGI to collaborate and explore the feasibility of harnessing geothermal energy from the state’s hot springs. Drilling had to be paused during the winter of 2022, following reports of geothermal fluids flowing into the Puga Stream.
In an era where artificial intelligence (AI) is impacting our lives across nearly every domain imaginable, its importance in the power systems sector cannot be overstated. Orchestrating armies of diverse, decentralized DERs poses significant challenges for power providers, utilities and other grid operators.
It is time for governments to listen to business entreaties for bolder climate action and move from talk to action, writes Climate Group's Helen Clarkson from COP27. Yes to climate action… but after we sort out the energy crisis.". Climate denialism is out. But the new frontier we're facing is ‘climate delayism'.
In a northern suburb of Osaka, a brand new community development is aiming to be the first in Japan to derive all its electricity from renewable sources. A centralised IT platform visualises, monitors and optimises the town's energy and water use, ensuring that rain water is captured and reused.
The announcement, led by 40 members of the Global Cement and Concrete Association (GCCA), marks the biggest global net zero commitment from the carbon-intensive sector to date, and brings together firms from North and South America, Africa, Asia, and Europe.
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