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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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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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Generac Acquires Enbala, Boosting Plan to Harness Behind-the-Meter Energy Resources

GreenTechMedia

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 power grid resource. Canada and Australia, according to Wood Mackenzie data. Leading U.S. Leading U.S.

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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.

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Con Edison Tests ConnectDER as a Utility Touchpoint for Distributed Energy

GreenTechMedia

Last week, New York utility Con Edison launched its latest effort to smooth the way for customers to install rooftop solar — and to feed the utility's growing hunger for data on how that solar can be integrated into its grid. Con Edison is in the final stages of deploying smart meters to its approximately 1.3