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Puerto Rico gets 1.4 million smart water meters

Smart Energy International

million mechanical water meters with smart water meters. The mechanical water meters will be replaced by ultrasonic meters with advanced metering infrastructure (AMI), which should help to protect PRASA’s assets and add resilience against future similar events. Pagán Crespo. Have you read? Puerto Rico’s 1.5

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Smart Meters Set for $30B Gusher of Investment Over Next 5 Years

GreenTechMedia

Utilities around the world will invest around $30 billion over the next five years to install more than 300 million smart meters, bringing many of the world’s most populous countries to full deployment but leaving other parts of the globe with relatively low penetration. billion by 2025, up from $97.4 million in South Korea.

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Blackstone acquires Texas-based electric grid components company

Smart Energy International

US asset manager Blackstone announced that private equity funds affiliated with it have closed the acquisition of Power Grid Components, an electric grid components manufacturer. PGC is a domestic designer and manufacturer of a range of components for protection, monitoring and safety applications in electrical substations.

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Review calls for more energy flexibility and smart water meters in GB

Smart Energy International

Britain’s National Infrastructure Commission has called for further investment and upgrading of the electricity and water infrastructures among others. There should be increased adoption of electric vehicles, with a nationwide network of at least 300,000 public charge points across the country by 2030.

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Smart Energy Finances: Hitachi Energy acquires eks Energy

Smart Energy International

Swiss tech major Hitachi Energy has acquired eks Energy in a strategic move to add power and electronics and energy management software to their ever-growing portfolio. Hitachi Energy called the move part of its strategy to meet global demand for battery energy storage solutions.

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Behind-the-Meter Battery Pioneer Stem to Take SPAC Route to Public Markets

GreenTechMedia

Stem, the decade-old behind-the-meter battery startup that was seeking a buyer earlier this year to bolster its growth ambitions, is now launching a plan to go public via a special-purpose acquisition corporation (SPAC) reverse merger. Friday’s announcement names Star Peak Energy Transition Corp. billion in late 2019 to about $2.7

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ConnectDER Draws Investment from Avista in Latest Funding Round

GreenTechMedia

ConnectDER, a startup with a smart meter socket device that’s been deployed in the thousands by select U.S. utilities to support distributed solar, has closed a $7 million series B round round to help roll out a new version of its system targeting behind-the-meter batteries and plug-in electric cars.