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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.
This week’s edition of Smart Energy Finances sees three load shifting investments take centre stage as demand response becomes a more notable priority for utilities the world over. 120 million for Swell Energy’s VPP suite. 120 million for Swell Energy’s VPP suite.
EDF Renewables has acquired PowerFlex Systems , a California startup with technology to manage one of the biggest challenges for scaling up electric vehicle charging: controlling the loads that lots of EVs charging at once can place on the power infrastructure of the sites hosting the chargers. European acquisition spree.
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.
GreenCom Networks, the Internet-of-things platform provider that’s become a go-to for major European utilities to control solar panels, batteries, electric vehicle chargers and smart home energy loads, has landed another funding round with two new strategic investors that could open new markets. million customers.
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.
These 20 C-suite executives have steered their companies forward through much disruption, providing inspiration for the possibilities of advancing sustainability, social responsibility and circular business models — sometimes all at once. In 2014, the electrical engineer and MBA became the first woman to lead a U.S. Company profile.
Investors are balancing their long-term climate goals with short-term realitiesfunding is harder to get, policies are shifting, and more than ever startups need to prove they can make money, not just make an impact. Startups that have tightened operations, focused on customer revenue, and pursued capital-efficient models are thriving.
They swiftly transformed their day-to-day business operations to a virtual model, worked with our safety team to implement increased safety standards in their labs, and—above all—persevered and worked tirelessly in the name of climate action. SomEV launched its first electric micromobility vehicles this fall. SparkCharge raised a $3.3M
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.
REEs platform includes both electrical and mechanical connection points to make it easy for upfitters to create an endless variety of vocational vehicles. The first generation of modern EVs shoehorned an electric motor and a battery into a vehicle that was designed around an engine, a transmission and a gas tank. Peter Dow: No.
This week’s edition of Smart Energy’sPower Playbook looks at recent data on venture capital financing in Europe, finding the energy sector taking the lion’s share, with e-mobility and hydrogen companies flourishing, specifically. billion was raised from venture capital for Europe’senergy sector.
Pando Electrics solution for multifamily properties provides simple, compact boxes equipped with standard NEMA 240-volt receptacles, and requires drivers to use the portable charging cables that come with their cars. But it doesnt mean sacrificing must-have features such as load management and revenue metering. Well, maybe not.
AI spurred clean firm power, Europe strengthened carbon markets, and emerging economies’ climate tech demand opened up. 🚗 Vertical: Energy came top in 2024 investment, up 12% to $9.4bn. Scala and Crusoe both support clean energy for data centers. Transportation underperformed, down 36%.
It isn’t easy to transform a century’s worth of electricity infrastructure from the ground up, particularly in the face of climate change-induced firestorms. As California goes, so goes the national trends, and that seems especially true of energy-related issues. But here are three of particular importance.
Now, the Wyoming-based startup is preparing to ship its sleek, plug-in home battery panels in July for field tests in Australia, Europe and the U.K., “We wanted to be more of a consumer electricity product, a simple solution for consumers,” founder and CEO Eric Clifton said in an interview. A full U.S. kilowatts/2.2
The HEDGE-IoT project has kicked off to deliver a holistic approach to energy sector digitalisation with the adoption of IoT solutions. The project, which kicked off in January and runs for 42 months to the end of June 2027, is to be delivered by a consortium of 44 participants from across Europe, with coordination by European Dynamics.
The “solar-powered digital nose” in situ. A large-scale IoT network for the ultra-early detection of wildfires has been launched by environmental startup Dryad Networks. Dryad is now working on ten proof-of-concept deployments with forest owners in the US, Europe, Australia, Indonesia and Africa.
Presenting a comprehensive E-Mobility ecosystem, 2035 E-Mobility Taiwan features 6 main categories : Electric, Autonomous, Connected, Interaction, Shared, and EVs, showcasing cutting-edge solutions from electric vehicles, EIC system (battery, motor, and electric control), ADAS, Internet of Vehicles to smart cockpit.
A third is the introduction of eco-design principles in the production of smart meters and their replacement for 50% of the first generation GPRS smart meters by 2028. The involvement of 18,000 people in training activities associated to the energy transition also is targetted.
Automation company ABB is investing in and collaborating with Danish start-up OKTO GRID to advance technology that will digitalise and extend the useful life of ageing electrical assets and meet growing demand for reliable and stable power. It follows a successful seeding round by the startup in December 2022 of €3 million ($3.3
The coronavirus forced layoffs and spending cuts across the solar industry, and hammered global electric vehicle sales. But startups serving the EV charging market have continued pulling in new investments in spite of the uncertainty. HEVO Power raised a $5.5 million raise.
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. The US is learning from some mistakes that have been made in Europe. This is one of the reasons companies will turn to us.
The predictive asset management company participated in the incubator’s first Greentown Launch accelerator, PROPEL , in 2015, which led to a pilot project and purchase order for two of the participating startups—including Tagup. We started with electric grid assets, transformers in particular, and we’ve expanded from there.
Earnings season is here, and we read through the energy majors’ earnings report calls from last week so you don’t have to — and learned about the progress, and direction, of the energy transition. Shell: Shell reported higher quarterly profits, as its liquified natural gas (LNG) business did well.
jumped from 58 meters to 88 meters, according to the American Wind Energy Association (AWEA). A new National Renewable Energy Laboratory (NREL) report on tower heights for land-based turbines in the U.S. meters per second (m/s) with a jump from 80- to 110-meter towers, and by 1.0 Credit: AWEA.
Envyn Sustainability Solutions is an environmental consulting firm dedicated to providing high-quality, innovative, and cost-effective sustainability solutions to businesses across various industries. Sustainability Strategy Development Developing customized sustainability roadmaps that align with business objectives.
Last week, Ford announced it is acquiring Electriphi, a California-based provider of charging management and fleet monitoring software for electric vehicles. program, which brings startups to the annual event to showcase their solutions. Subscribe to Renewable Energy World’s free, weekly newsletter for more stories like this. “As
The US Clean Investment Monitor published its annual report for 2023, which saw clean investment total $239bn, up 38% from 2022. Energy & industry. Happy Monday! Lots of spice for clean investment this week. The picture was less rosy for new wind and heat pumps, both of which have suffered from high interest rates. .
Traditionally, a combustion engine provides more than just traction power to the wheels for commercial vehicles. It powers smaller auxiliary loads from the drive belt such as the power steering pump, air compressor for brakes and suspension, HVAC compressor, and coolant pump.
Kraken, the tech arm of global energy and technology group Octopus Energy, has announced the acquisition of German tech start-up Kwest. Its software platform enables energy installation businesses to streamline and automate operational processes at a fraction of the time of traditional solutions. Have you read?
A Finnish hospital area has modernised its power distribution tech with ABB-supplied upgrades, including complete protection relay and circuit breaker retrofits, as well as intelligent asset and energy management solutions. We’re well-prepared to face any problems with the power distribution. HUS Meilahti Central Square.
million) in its first seed fundraising round to accelerate the development of a platform for UK homeowners and private landlords to make home energy efficiency improvements simpler and more affordable. Snugg will also link to smart meters to monitor reductions in carbon emissions. Scottish fintech start-up Snugg has raised £1.2
This week’s Smart Energy Finances looks at acquisition of UK-based Smart Metering Systems (SMS) by a US-based investment firm, a successful financing round for a Spanish start-up developing smart grid technology and Siemens’ acquisition of an AI-based tech company developing solutions for the water sector. billion ($1.6
This week’s edition of Smart Energy Finances looks at Shell USA Inc., which has reaffirmed its march into the Electric Vehicle (EV) arena with the acquisition of EV network developer Volta Inc. The survey found the energy sector to be a dominant area for investment, specifically energy security, renewables and EVS/batteries.
The EU Green Deal , Europe’s ambitious sustainability strategy, outlines a path forward to becoming the first climate neutral continent by 2050. In tandem, Europe has also launched a new 2030 Biodiversity Strategy which requires Member States to commit to important targets to restore biodiversity. The panel included: .
GB quantum algorithms startup Phasecraft has been awarded a £1.2 million) contract to explore using quantum computing to optimise energy grids. million per km of line, determining the optimal layout and usage of this growing infrastructure is important to minimise the costs. million ($1.5
Contributed by Shuli Goodman, executive director of LF Energy . In the past three decades, open source has moved from the fringe of software development to the core, remaking industries such as telecom and enabling cloud computing, which scaled from a fuzzy idea to the mainstay of modern business in just 15 years. . Steps to Take.
🚗 Vertical: Transportation and Energy investment declined, but remained on top. Northvolt raised $1.6bn over two rounds this year to scale battery manufacturing in Europe. Redwood Materials received a $2bn loan from the US Department of Energy in Feb 2023. 2 spot behind Energy Storage, which rose from no.2
On the heels of a key funding announcement from National Grid Partners (NGP) , Yusuf Latief looks into the company’s project portfolio in this edition of Smart Energy’sPower Playbook. Two weeks ago, an announcement caught my eye from Silicon Valley’s National Grid Partners. Let’s start with the latest.
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. Have you read?
Heating and cooling buildings accounts for about a third of the final energy consumption globally and 30% of energy-related CO 2 emissions. Celsius Energy aims to contribute to solving this energy dilemma by providing shallow geothermal heating and cooling systems, thus reducing the carbon footprint of buildings.
Romanian distribution company Electrica is developing an artificial intelligence-based system for real-time monitoring of its headquarters’ energy use. The system, a first for Romania, involves the development of a set of AI-based algorithms that draw on data from sensors throughout the building to develop energy consumption patterns.
In deals, $550m for sustainable data centers, $500m for electric vertical take-off and landing services, and $471m for EV manufacturing platforms. Because CCS is still a relatively emerging technology, it faces these types of challenges when it comes to scalability and commercial viability. Outside the US, CCS is pushing ahead.
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