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SparkMeter Closes $12M Round to Expand From Metering Minigrids to Analyzing ‘Broken Grids’

GreenTechMedia

Remote minigrids are a tough market for a traditional smart meter vendor. The meters that minigrids use need to be cheap, rugged and reliable, and they must be able to adjust to the often unstable operating conditions of solar-powered standalone grids. ” The World Bank’s International Finance Corp.

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BBOXX Lands $50M Led by Mitsubishi to Boost Off-Grid Solar in Africa, Asia

GreenTechMedia

BBOXX, a startup delivering pay-as-you-go solar PV plans to hundreds of thousands of African homes, has landed a $50 million investment led from Japanese industrial giant Mitsubishi, marking another major funding milestone in the off-grid solar market. Overall, the solar home system market has raised more than $1.1 More than $1.2

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Low carbon generation set to meet electricity demand growth – IEA

Smart Energy International

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.

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The Race Is On for Commercial Deployment of Solar in Open Seas

GreenTechMedia

In the space of just a few days, two separate projects have brought the promise of offshore floating solar a step closer to commercial reality. First, the oil and gas major Equinor announced its involvement in an offshore floating solar trial with Moss Maritime off the Norwegian island of Frøya. But that could be set to change.

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U.K. Solar and Battery Aggregator Social Energy Raises Cash, Plans Expansion

GreenTechMedia

residential energy aggregator Social Energy is planning international expansion after gaining multimillion-dollar backing from U.S. ” Minneapolis-based CarVal Investors bought into Social Energy in December last year, the energy company said in a press release. Power Networks. In the U.K., In the U.K.,

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Global Energy Trends From The 2023 Statistical Review Of World Energy

R-Squared Energy

As I indicated in the previous article , BP has turned over publication of the annual Statistical Review of World Energy to the Energy Institute (EI). Overview The newest Review shows the world remains heavily reliant on fossil fuels for energy needs, even as renewables like solar and wind continue rapid growth.

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US Electric Component Manufacturing on the Rise

GreenTechMedia

clean energy market have always required a bit of nuance. Installations of solar panels, wind turbines and energy storage have routinely vaulted the U.S. According to Wood Mackenzie Power & Renewables’ most recent forecast, for example, the U.S. And it’s not just solar. Still, U.S.