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Electrical distributor EIS to acquire Power Grid Supply

Smart Energy International

EIS, a distributor of electrical process materials and components in North America, announced the successful acquisition of Power Grid Supply (PGS), a supplier of transformer parts and components for the production, repair, and remanufacturing of transformers.

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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% The update finds that world demand for electricity grew by 2.2% in 2023, less than the 2.4% Have you read?

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Smart Energy Finances: CPower closes Centrica demand response acquisition

Smart Energy International

The DER company has acquired Centrica’s demand response division, bolstering their DER capacity from 5.6GW to 6.3GW. CPower closes Centrica demand response acquisition. Their services aim to help customers earn revenue for participating in demand response solutions that bolster the grid. Read more: [link].

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Stabilizing the energy system with energy storage

Smart Energy International

Jeff Perry, executive vice president of Asset Management for Agilitas Energy, writes on how energy storage technology can improve grid and renewables reliability, taking pressure off grid operators at peak demand periods. Instead, it emphasises the importance of increasing energy storage to stabilize the energy system.

Energy 105
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Smart Energy Finances: Norwegian investors buy 49% stake in Indian transmission scheme

Smart Energy International

The Indian scheme was awarded in fiscal year 2022 and covers the construction of a new 400/220kV substation at Koppal along with 144km of 400kV direct current transmission line with extension of the 40kV GIS Bays at the PGCIL (Power Grid Corporation of India Ltd) Narendra substation.

Energy 118
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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. “The acquisition of Power Grid Components fits squarely within one of our favorite investment themes – the U.S.

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The future of the US electricity system modelled

Smart Energy International

The modelling, which was focussed on the Texas power grid as representative of the US energy system, was aimed to understand a large scale transactive system with dynamic control by utilities of consumer loads such as heat pumps, water heaters and electric vehicle charging stations. Have you read? Register today.