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Now, new breakthrough climate accounting technologies are emerging as solutions to track and verify energy and carbon emissions, and report energy purchases and consumption. As more of these services hit the market, corporations making ambitious climate pledges will need to adopt energy and carbon tracking and reporting technologies.
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.
Given that we have less than a decade to address the double whammy of climate change and biodiversity loss, and given that the technology to monitor and track, for example, deforestation or overfishing already exist, the slow pace of progress can be maddening.
Blockchain has been demonstrated to validate communication among devices on the smart grid and thereby enhance its resiliency. Such activities could trigger cascading power outages as breakers are tripped by protection devices. Cyber monitoring of the grid can involve the processing of significant volumes of data. Have you read?
The practice comes with many advantages, including reducing the dependence on wild-caught species, but also raises environmental concerns, which some industry experts are trying to address with up-and-coming technologies such as analytics, blockchain, artificial intelligence and the internet of things. The challenges are not insurmountable.
Influenced by the increasing penetration of “behind-the-meter” distributed energy resources (DER), power systems are experiencing a paradigm shift from a centralized structure to a decentralized one. million rooftop solar power systems installed in total, as of 31 December 2020. Increase in DER integration.
The partnership through the University of Namibia will include establishing a blockchain-native registry and verification system for quantifying the country’s carbon sequestration, carbon emissions and carbon credits from green hydrogen projects within Namibia. Satellite monitoring will be a key input to the verification tool. “By
Samotics, an asset health monitoring technology firm, has expanded deployment of its AI-driven SAM4 system across Northern Ireland Water’s submerged assets to support the delivery of a more cost efficient and sustainable service. SAM4 detected a developing fault in this submerged wastewater pump.
And in energy circles, one of the biggest buzzwords in recent years is the virtual power plant, or VPP. But VPPs have really taken off in the last 10 years, not just as a concept but as something that a growing number of energy companies are creating, using and commercializing. Another difference concerns markets and regulation.
Three major European grid operators are rolling out a new blockchain platform to tap the growing penetration of small-scale distributed energy resources for grid balancing. As behind-the-meter resources like batteries, heat pumps and electric cars proliferate, challenges remain in finding ways for them to benefit the wider grid.
Downstream supply chain participants that rarely have a personal stake, such as powerful brands and retailers, hardly encourage prioritization of sustainability upstream. Using blockchain and cloud-based technology, a number of startups are already laying the groundwork. . Pull Quote.
New carbon accounting solutions, improving asset condition monitoring ROI, advances in analogue deep learning and The Line at Saudia Arabia’s future city Neom are on this week’s technology radar. Condition monitoring ‘need to knows’. Carbon accounting. Next-gen AI and programmable resistors.
Energy bills for numerous businesses at a large industrial estate have been heavily reduced by peer-to-peer trading, says UrbanChain, a provider of peer-to-peer energy exchange services. It’s working and it has developed,” said Andy Oswald, who manages West Suffolk Council’s energy generation.
Sangha Systems, developers of an 82-MW cryptocurrency mining facility at a former steel mill in Hennepin, Illinois announced that it has signed a letter of intent (LOI) with AEP OnSite Partners to develop a 2 – 5-MW behind-the-meter solar power array to begin to migrate its electricity consumption towards clean energy.
Blockchains and oracles present a path forward for the energy industry to modernise infrastructure and meet sustainability goals, a new review reports. The basic premise is that blockchains can be used as a shared backend to store data and host applications that are more secure, reliable, transparent and accessible.
Energy Web and Volkswagen have partnered on a solution to match local renewables to electric vehicle (EV) charging. The blockchain-based ‘smart charging solution’ enables EV owners to match their charging requirements with selected renewable options. Have you read?
University of Wollongong Professor Willy Susilo has been awarded more than Au$400,000 (US$266,000) for research into green and sustainable energy-efficient metaverse technologies. DEWA launches Metaverse platform Technology changes in the energy sector during the pandemic and beyond. “The Have you read?
When blockchain arrived on the energy scene three years ago, much of the discussion went straight to disruption and disintermediation. Still, progress has been slow and driven almost entirely by startups that either have limited funding or the ability to willfully ignore the range of regulations surrounding electricity markets.
It’s been more than half a decade since grid watchers first began talking about the concept of trading energy with your neighbors across peer-to-peer platforms. Such pitches often come with promises of lower electricity prices and more stable grids. “The electricity system in the U.S. an expert says. van Soest said.
The funding round was led by Amsterdam-headquartered energy venture provider SET Ventures and included Google and the Microsoft Climate Innovation Fund as well as existing investor EIT InnoEnergy. First blockchain platform for green hydrogen tracking developed Blockchain in Europe’s energy sector – policy and regulation.
Australian blockchain pioneer Powerledger’s Montreal Commons project is set to be one of the world’s first carbon neutral apartment buildings. During times of peak demand they can then buy back electricity from the on-site battery at an agreed price. Sign up to our newsletter and stay informed.
Dutch DSO Stedin is partnering with Energy Web to develop a digital identity-backed system for managing assets in a decentralised energy market. We’re excited to work with Energy Web, and to progress towards deploying this solution across our information and operational technology systems.”. Have you read?
Vermont power distribution company Green Mountain Power is piloting LO3 Energy’s Pando local energy marketplace platform. Green Mountain Power’s ‘Sun Match’ pilot is aimed to enable low and middle-income customers to benefit from solar power without them having to build their own systems. Have you read?
Smart meters and network automation were key components of the first phase of DEWA’s smart grid strategy. The strategy has seen DEWA (Dubai Electricity and Water Authority) replace its over 2 million electricity and water metering base with smart meters between 2015 and 2020. Have you read? The AED 7 billion (US$1.9
Financial services firm, JPMorgan Chase and energy company, EDF, have announced a collaboration to help power JPMorgan Chase’s UK offices with 100% renewable electricity. The collaboration will see JPMorgan Chase’s electricity consumption matched to renewable generation on a 24/7 basis.
Verdox raised $80M for its electric carbon capture technology, including from Bill Gates’ Breakthrough Energy Ventures. Form Energy announced a new collaboration with Georgia Power to identify an optimal project application of up to 15 MW/1500 MWh of energy storage systems to be located in the utility’s service area.
Challenges remain for the deployment of blockchain in the energy sector, the EU’s Enerchain project has found. The project, undertaken by the European Commission’s Joint Research Centre under an agreement with DG-Ener, was aimed to investigate the applicability and potential of blockchain technologies in the energy sector.
Investment management firm Invesco today published the first edition of its new Economic Transition Monitor , which aims to regularly monitor the progress of the world's 20 largest emitting economies - dubbed the C20 - on the path to net zero emissions.
Multinational law firm Pinsent Masons has introduced a demand side response (DSR) energy reduction green technology to its London headquarters to mitigate their energyusage and emissions. It will automatically reduce non-critical electrical plant and equipment such as pump motors, fans and air conditioning chillers.
The Dubai Electricity and Water Authority (DEWA) has announced the operation of its DEWA-SAT-1 nanosatellite which the company sent into the earth orbit on 13 January 2022. Have you read? The satellite travels at 7.5km per second and across the earth orbit in 90 minutes.
A tie-up between Vodafone and Energy Web is evidence that an emerging flexibility services opportunity is luring new players to the energy sector, insiders believe. The endgame is to give an even wider range of devices access to future flexibility services markets, said Energy Web chief executive officer Walter Kok. In the U.K.,
Anyone working in the energy sector knows by now that it is undergoing an unprecedented and rapid change, requiring the introduction of many new and previously unknown technologies. But still meters – in many cases now, smart meters – remain the main ‘connection’ with customers and thus the cornerstone of a utility’s operations.
Pune, India-based Voltreum is set to launch its Volt-X blockchain-based peer-to-peer energy trading application. The company, which has been in development over the past year, has stated its goal as addressing “two of the most critical problems affecting humankind – increasing energy demand and climate change”. Have you read?
This is my attempt at an "explainer" on blockchain, describing it as simply as I can, and exploring how it may help build the clean grid. Blockchain is everywhere — at least when you’re talking about media coverage. In short, in the words of a recent Wired overview of the technology , blockchain creates “tamperproof databases.”
EDF leads a proof-of-concept on automating renewable energy transactions and Eurelectric’s study on the benefits of matching energy consumption with clean energy on a (near) real-time basis are on the week’s technology radar. Have you read?
Nearly 30 startups joined our community in the final quarter of 2020, working on innovations as diverse as zinc-ion batteries, long-range weather forecasts, wave energy conversion, and replacements for petrochemical plastics. ELECTRICITY. This energy storage solution is low-cost, flexible, and long-duration. MANUFACTURING.
However, according to a new study from Cornell University, combining them could offer a stable foundation for deploying renewable power options like wind and solar, boosting energy sustainability. for wind energy and 25.5% for solar energy installations. MWh of solar energy.
LO3 Energy, an Oregan-based cleantech company, has installed its Pando platform to optimise renewable energy production in New South Wales, Australia. Pando software enables suppliers and clean energy operators to support 24/7 load matching and offer incentives to drive renewable energy use.
Today, we are proud to support more than 115 climatetech startups that are reimagining how we use and store energy, how we manufacture goods, our transportation infrastructure, and so much more—all in the name of climate action and creating a just, sustainable future for all. . Electricity. Agtech + Water.
may be the way out of climate- change catastrophe as its transformative power to dematerialize and decarbonize the economy is marshalled by industries and governments By Bruce Armstrong Taylor SmartNations Foundation and The Climate 4.0 Blockchain to show ownership "provenance" for your trash disposal, check! Inconsequential.
He formerly served as President Obama’s appointee to a US Federal Commission established to assess emerging energy-focused digital technologies. In the emerging energy marketplace, what’s the best role for non-utility market participants? electric vehicles), stationary energy storage and microgrids.
Capable of recording key wind characteristics such as speed and direction up to and above 200 meters vertical height, her special skills meant #106 was always destined to be a traveler and it wasn’t long before she spread her wings. Contributed by Alexander James. Read more: How LIDAR is Transforming Remote Solar Sales and System Design.
Australian energy chiefs have welcomed the release today of two reports setting out options for the country’s future electricity market makeup. That's “a fantastic idea we can all get behind,” says Jill Cainey, general manager of networks at Energy Networks Australia. Centralized or decentralized control?
Dubai Electricity and Water Authority (DEWA) reports commissioning no less than 11 new substations during the first half of the year – a 400/132kV substation and ten 132/11kV substations – along with 100km of 400kV overhead lines and 132kV underground cables connecting them to the network at a cost of over AED1.7 German energy company E.ON
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