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As the 2020s progress, flexible energy portfolios will grow significantly as resources on either side of the meter proliferate in the U.S., The degree to which this wave of new flexible resources can be tapped for grid-balancing will depend on four key areas, according to a new research insight from WoodMac. Today, the U.S.
Xcel Energy has announced the start of the rollout of smart electricitymeters in its Wisconsin service territory. The installations will start in the company’s southern communities and will lead to the installation of more than 260,000 of the new smart meters in the service area through 2025. million electricity and 2.1
According to a new whitepaper from Guidehouse Insights, there is an extensive base of smart meters set for upgrade and replacement over the coming decade in both the US and Western Europe. This is due to the initial surge in smart meter installations experienced during the late 2000s and early 2010s. ”
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 powergrid.
A prosumer-based transactive energy system in the US could bring savings of up to $50 billion per year, modelling by PNNL researchers has found. Other findings are a reduction in daily load swings by up to 44% and consumer savings of around 15% on annual energy bills. Have you read?
In a partnership between Enel NorthAmerica and the largest state utility in Washington, Puget Sound Energy (PSE), commercial, institutional and industrial organisations are offered incentive payments for participating in a demand response programme. million electric customers in 10 counties, namely in Western Washington.
EIS, a distributor of electrical process materials and components in NorthAmerica, announced the successful acquisition of PowerGrid Supply (PGS), a supplier of transformer parts and components for the production, repair, and remanufacturing of transformers.
Duke Energy, one of America’s largest energy holding companies, and Amazon Web Services (AWS), are entering a multiyear strategic collaboration to accelerate the utility’s development of smart grid solutions, including new smart grid software and an expansion of their Intelligent Grid Services.
Nexamp and Borrego have activated two solar-plus-storage energy projects within ISO New England Territory, namely the Nexamp community solar farms in Massachusetts, USA. They aim to build momentum for a cleaner and more resilient regional powergrid. Sign up to our newsletter and stay informed. ”
Centre stage in this week’s Smart Energy Finances is the closing of an acquisition by CPower. CPower helps DER owners with flexible capacity across industries, including big box retail, commercial real estate, data centers, crypto mining sites, education, healthcare and government, and manufacturing. GW of #DER capacity!
New solutions for a digital grid are being pioneered by Gridspertise building on Enel’s positioning over two decades at the forefront of advances. Smart metering varies markedly across the country and among customer classes and many sources record North American utilities to be lagging in their maturity in supply reliability.
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.
Infravision, a company focused on powergrid modernisation with drone-enabled power line upgrades, announced it has raised $23 million in Series A financing. “We’re confident Infravision’s proven technology is the solution for today and for the future of power line construction automation and grid efficiency.” .
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. In 2023, the investment in the grids was about $375 billion, up from less than $350 billion in the previous year. Have you read?
Puerto Rico utility Luma’s smart meters will replace the almost 1.5 million meters that were damaged by Hurricane Maria in September 2017. 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.
US asset manager Blackstone announced that private equity funds affiliated with it have closed the acquisition of PowerGrid Components, an electricgrid components manufacturer. “The acquisition of PowerGrid Components fits squarely within one of our favorite investment themes – the U.S.
Nostromo Energy, a US-based tech company, is developing an ice-based energy storage system that can operate as a Virtual Power Plant (VPP) to provide demand flexibility to the local powergrid when needed. According to Nostromo, buildings, overall, account for 74% of all electricity consumption.
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. The update finds that world demand for electricity grew by 2.2% Nuclear power generation also is expected to reach an all-time high, with growth averaging close to 3% per year.
Each is being tested by Orlando Utilities Commission (OUC) at their Gardenia Innovation Centre, with the potential outcome of being deployed for powergrid management. A living lab Ushering in the energy transition has many implications, a major one being modernisation. Flywheels and battery testing grounds. With testing.
With this comes a surge in electricity use, mostly from cooling systems. The Electric Reliability Council of Texas (ERCOT) is predicting a historic demand of over 80,000 MW , putting immense pressure on the state’s powergrid. Texas heat waves often result in slim reserve margins, where supply barely meets demand.
Californian utility San Diego Gas & Electric (SDG&E) has unveiled four new microgrids with advanced remote operation capabilities and safety technologies to help enhance grid reliability.
This transition from fossil fuels, which in Europe has accelerated with Russia’s invasion of Ukraine, is driving the electrification of transportation, home heating and cooking, agricultural production and many industrial processes from concrete to steel worldwide. IP/MPLS: Meeting the needs of the modern grid.
Although the proposed ‘all-source’ procurement would allow existing natural gas-fired peaker plants to compete, it could also open a massive new market for renewable energy, energy storage, demand response and other preferred alternatives to fossil fuels. Fitch wrote in Thursday’s proposed decision. gigawatts by 2023.
” That’s how a range of clean energy advocates and demand response providers are describing the California Public Utilities Commission’s latest plan to prevent a repeat of the state’s August 2020 rolling blackouts this coming summer. “Disappointing.”
It is said that to protect from crime one needs to think like a criminal – and that is what the researchers at Red Balloon Security have done in a new investigation into protection relays, one of the commonly used embedded devices in powergrids around the world. Have you read?
In its biggest investment in the nation’s grid, the White House announced a $3.46 billion investment for 58 projects across 44 states to strengthen electricgrid resilience and reliability, invest in microgrids and enable more renewable energy generation across America.
At the recent National Association of Regulatory Commission (NARUC) Summer Policy Summit, I saw up close the growing concern about grid reliability among state regulators, utilities and the industry at large. Tapping DERs to make powergrids more reliable is also not a new concept. This issue is not limited to the U.S.
At the foundation of the smart grid is smart meters and AES Ohio expects to have deployed these to 95% of customers by June 2025. The smart grid phase 2 plan has three principal components – automation of distribution operations, advanced grid intelligence and telecommunications and cybersecurity. Have you read?
One Energy Enterprises, an industrialpower solutions company, announced that the first fully digital, plug-and-play, transmission-voltage substation in the US at One Energy’s Findlay, Ohio headquarters, has completed energisation and testing and begun commercial operation.
The University of Michigan Transportation Research Institute (UMTRI) has released the results of a research project that studied the relationship between electric vehicle (EV) driving and charging behaviors to understand how those behaviors impact the electricgrid.
The US Department of Energy (DOE) is seeking input on a $10.5 billion programme for smart grids and other upgrades to strengthen the country’s electricitygrid. The funding, previously announced and now combined in the Grid Resilience and Innovation Partnership programme, is allocated in three parts – $2.5
A new report by Grid Strategies for Americans for a Clean EnergyGrid (ACEG) identifies 36 high-capacity transmission projects (HVDC) that could be ready to break ground in the near term. If completed, the projects would connect 187GW of renewable resources to the grid, create 3.3 Have you read?
The US energy storage market broke previous records for deployment across all segments in the final quarter of 2023, with 4,236MW/12,351MWh installed over the period. These additions bring with them critical benefits to our powergrid. With a robust pipeline, the future for energy storage deployment is strong.”
The US energy storage market broke previous records for deployment across all segments in the final quarter of 2023, with 4,236MW/12,351MWh installed over the period. These additions bring with them critical benefits to our powergrid. With a robust pipeline, the future for energy storage deployment is strong.”
This week’s edition of Smart Energy Finances looks at Enel SpA ‘s sale of 50% holdings in Gridspertise to CVC for a joint ownership scheme. Gridspertise , which states as its mission the digital transformation of powergrids through advanced network technologies and solutions, was launched just over a year ago, in September 2021.
New York governor Kathy Hochul announced the creation of a new Inter-Agency Fire Safety Working Group meant to ensure the safety and security of energy storage systems across the state, following fire incidents at facilities in Jefferson, Orange, and Suffolk Counties this summer.
Electric vehicle (EV) maker Polestar reduced its per-car greenhouse gas-emissions by six per cent last year as it continues to pursue its "moon shot" target of creating a truly net zero EV by the end of the decade. Through annual reports, we monitor our direction towards our ambitious goals and show that we do what we say.".
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. This is what has caught our eye. The rest of the process is automated.
Not to mention President Biden also signed the CHIPS and Science Act of 2022 , putting about $67 billion toward zero-carbon industries and climate research. Boosting shared solar installations through the 10-year extension of the 30% Investment Tax Credit, which is now technology neutral and covers energy storage, clean hydrogen, and more.
have unveiled a partnership to establish ChargeScape, an equally-owned venture aiming to bridge the gap between electric utilities, automakers and electric vehicle (EV) customers. The company will operate for consumers in the US and Canada, aiming to unlock the potential offered by EVs for the electricpowergrid.
Generac Power Systems is acquiring Enbala Power Networks, a major step toward putting its market-leading backup generator business and its fast-growing behind-the-meter battery-solar fleet to work as a powergrid resource. Canada and Australia, according to Wood Mackenzie data. Wood Mackenzie predicts that U.S.
LED lights are by far the most efficient type of lighting on the market, using 75% less energy and lasting 25 times longer than incandescent bulbs. Consider Renewable Energy. One of the most ambitious sustainable business practices is investing in renewable energy. Switch All Lighting to LEDs.
Swiss tech major Hitachi Energy has announced an upgrade and modernisation of its power transformer factory in Varennes, and other facilities in Montreal, Canada, to address fast-growing customer demand for sustainable energy in NorthAmerica. The additional 130,000 square foot (approx.
Artificial intelligence (AI) has the potential to significantly improve key areas of grid management, a new US Department of Energy report finds. However, it is crucial that new AI use cases do not introduce new risks to the grid, the report states. Have you read?
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